Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 534,343	$ (1,190,214)
Adjustments to reconcile net income to net cash used in operating activities:
Realized and unrealized losses on mortgage-backed securities	1,113,727	1,134,343
Changes in operating assets and liabilities
Accrued interest receivable	(66,317)	(281,234)
Prepaid expenses and other assets	791	(9,964)
Accrued interest payable	42,588	7,089
Accounts payable, accrued expenses and other	126,140	14,583
Due to Bimini Capital Management, Inc.	127,813	217,973
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	1,879,085	(107,424)
From mortgage-backed securities investments
Purchases	(199,077,871)	(71,494,481)
Sales	129,068,510	33,534,660
Principal repayments	9,517,695	6,666,558
Decrease in restricted cash	(358,250)	(90,750)
NET CASH USED IN INVESTING ACTIVITIES	(60,849,916)	(31,384,013)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from repurchase agreements	581,462,510	189,968,641
Principal payments on repurchase agreements	(521,846,336)	(168,376,325)
Proceeds From Issuance Of CommonStock		10,595,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	59,616,174	32,187,316
NET INCREASE IN CASH AND CASH EQUIVALENTS	645,343	695,879
CASH AND CASH EQUIVALENTS, beginning of the year	1,891,914	1,196,035
CASH AND CASH EQUIVALENTS, end of the year	2,537,257	1,891,914
Cash paid during the period for:
Interest	234,740	89,134
SUPPLEMENTAL DISCLOSURES OF NONCASH FINANCING ACTIVITIES:
Issuance of common shares to repay amount due to Bimini Capital Management, Inc.	$ 411,000	$ 0