CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Assets
Loans held for investment at fair value (cost of $50,950,868 and $71,644,003 at September 30, 2024 and December 31, 2023, respectively, net)	$ 31,372,174	$ 61,720,705
Loans held for investment at carrying value, net	234,257,042	301,265,398
Loan receivable held at carrying value, net	2,040,058	2,040,058
Current expected credit loss reserve	(25,111,209)	(26,309,450)
Loans held for investment at carrying value and loan receivable held at carrying value, net of current expected credit loss reserve	211,185,891	276,996,006
Cash and cash equivalents	122,163,732	90,381,831
Accounts receivable	0	1,837,450
Interest receivable	1,473,644	3,715,995
Prepaid expenses and other assets	422,967	688,446
Assets of discontinued operations	0	31,244,622
Total assets	366,618,408	466,585,055
Liabilities
Accrued interest	2,170,417	894,000
Due to affiliate	20,587	16,437
Dividends Payable	7,221,076	9,819,695
Current expected credit loss reserve	164,664	115,473
Accrued management and incentive fees	981,785	3,471,726
Accrued direct administrative expenses	878,407	1,486,256
Accounts payable and other liabilities	658,224	704,685
Senior notes payable, net	88,461,936	88,014,558
Line of credit payable, net	60,000,000	42,000,000
Liabilities of discontinued operations	0	10,000
Total liabilities	160,557,096	146,532,830
Commitments and contingencies (Note 10)
Shareholders’ equity
Preferred stock, par value $0.01 per share, 10,000 shares authorized at September 30, 2024 and December 31, 2023 and 0 and 125 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	0	1
Common stock, par value $0.01 per share, 50,000,000 shares authorized at September 30, 2024 and December 31, 2023 and 21,882,047 and 20,457,697 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	218,821	204,577
Additional paid-in capital	248,194,045	349,805,890
Accumulated (deficit) earnings	(42,351,554)	(29,958,243)
Total shareholders’ equity	206,061,312	320,052,225
Total liabilities and shareholders’ equity	$ 366,618,408	$ 466,585,055