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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
INTEREST INCOME (EXPENSE)        
Interest income $ 15,462,000 $ 10,379,000 $ 49,863,000 $ 42,549,000
Interest expense (6,215,000) (10,100,000) (34,794,000) (45,256,000)
Total net interest income (expense) 9,247,000 279,000 15,069,000 (2,707,000)
EXPENSES        
Management fees to affiliate 860,000 538,000 2,539,000 1,804,000
Professional fees 603,000 339,000 2,107,000 1,132,000
Compensation expense 427,000 270,000 1,555,000 735,000
Insurance expense 93,000 94,000 370,000 382,000
Other operating expenses 599,000 386,000 2,213,000 1,482,000
Total expenses 2,582,000 1,627,000 8,784,000 5,535,000
OTHER INCOME (LOSS)        
Net realized gains (losses) on securities 377,000 (9,823,000) (18,068,000) (58,103,000)
Net realized gains (losses) on financial derivatives 17,594,000 3,459,000 38,487,000 28,562,000
Change in net unrealized gains (losses) on securities (8,026,000) 1,760,000 (364,000) 61,274,000
Change in net unrealized gains (losses) on financial derivatives (25,514,000) 10,216,000 (18,579,000) (18,932,000)
Noninterest Income, Other Operating Income 1,028,000 0 (665,000) 0
Total other income (loss) (14,541,000) 5,612,000 811,000 12,801,000
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (7,876,000) 4,264,000 7,096,000 4,559,000
Income Tax Expense (Benefit) (6,000) 303,000 510,000 0
NET INCOME (LOSS) $ (7,870,000) $ 3,961,000 [1] $ 6,586,000 $ 4,559,000
NET INCOME (LOSS) PER COMMON SHARE:        
Basic and Diluted (in dollars per share) $ (0.23) $ 0.20 $ 0.28 $ 0.31
[1] Unaudited.