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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (Loss) / Income $ (6,684,964) $ 6,063,906
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 25,414,420 16,456,849
Depreciation and amortization 1,297,425 1,114,033
Deferred tax benefit (16,992) (70,624)
Net gains due to called redemptions of marketable securities and amortization on securities (102,281) (194,102)
(Increase) / decrease in other assets (1,481,936) 1,769,049
Decrease in other liabilities (14,339,490) (14,766,755)
Net Cash Provided 4,086,182 10,372,356
CASH FLOWS FROM INVESTING ACTIVITIES:    
Loans originated or purchased (136,896,019) (146,094,117)
Loan payments 131,355,392 124,383,650
Purchases of securities, available for sale (2,569,750) (3,741,889)
Redemptions of securities, available for sale 5,350,000 7,425,000
Capital Expenditures (336,545) (486,796)
Net Cash Used (3,096,922) (18,514,152)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (decrease) / increase in senior demand notes (5,668,242) 10,416,031
Advances on credit line 63,131,238 56,057,869
Payments on credit line (50,112,238) (83,232,869)
Commercial paper issued 36,645,461 57,188,353
Commercial paper redeemed (36,417,058) (16,860,169)
Subordinated debt securities issued 1,310,062 1,573,563
Subordinated debt securities redeemed (2,108,315) (1,665,555)
Dividends / distributions (2,685,090) 0
Net Cash Provided 4,095,818 23,477,223
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 5,085,078 15,335,427
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning 65,434,228 40,366,820
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ending 70,519,306 55,702,247
Cash paid during the year for -    
Interest Paid 8,629,059 6,273,560
Income Taxes Paid 21,212 0
Non-cash transactions for -    
ASC 842 - Lease assets and associated liabilities $ 2,441,577 $ 2,224,600