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v3.26.1

LONG-TERM DEBT (Tables) | 3 Months Ended
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Mar. 31, 2026
Debt Disclosure [Abstract] |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments | Outstanding principal balances of Long-term debt comprises of the following:
| Maturity Date | March 31, 2026 |  | December 31, 2025
Secured borrowing: |  |  |  |
Senior Secured Credit Facility | December 10, 2030 | 148,500,000 |  |  | 148,875,000 |
Deferred issuance costs and discounts |  | (3,509,434) |  |  | (3,655,384) |
Secured borrowing, at fair value: |  |  |  |
LMA Income Series II, LP | June 30, 2027 | 38,156,705 |  |  | 114,890,540 |
Deferred issuance costs |  | — |  |  | (466,540) |
Unsecured borrowing: |  |  |  |
| Maturity Date | March 31, 2026 |  | December 31, 2025
Fixed Rate Senior Unsecured Notes | November 15, 2028 | 135,379,475 |  |  | 135,379,475 |
Sponsor PIK Note | July 5, 2028 | 14,541,873 |  |  | 14,114,199 |
Deferred issuance costs and discounts |  | (3,067,520) |  |  | (3,318,699) |
Total debt |  | 330,001,099 |  |  | 405,818,591 |
Less current portion of long-term debt |  | (1,500,000) |  |  | (115,924,000) |
Total long-term debt |  | $ | 328,501,099 |  |  | $ | 289,894,591 |
Schedule of Maturities of Long-Term Debt | Maturities of long-term debt (secured and unsecured) outstanding, including current maturities, excluding unamortized debt issuance costs, as of March 31, 2026 are as follows:
Years |  | Amount
2026 remaining |  | $ | 1,125,000 |
2027 |  | 39,656,705 |
2028 |  | 151,421,348 |
2029 |  | 1,500,000 |
2030 |  | 142,875,000 |
Total |  | $ | 336,578,053 |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
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