XML 54 R32.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Shareholders' Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Equity [Abstract] |
Schedule of Unvested Share Activity | A summary of shares granted, forfeited, vested and unvested under the terms of the 2021 Plan for the years ended December 31, 2024 and 2023 is as follows:
|  | 2024 |  | 2023
|  | Number of Shares |  | Weighted Average Grant Date Fair Value |  | Number of Shares |  | Weighted Average Grant Date Fair Value
Unvested shares, beginning of year |  | 136,421 |  |  | $ | 10.57 |  |  | 129,680 |  |  | $ | 10.24 |
Shares granted |  | 119,528 |  |  | $ | 13.35 |  |  | 122,000 |  |  | $ | 10.35 |
Shares forfeited |  | — |  |  | $ | — |  |  | (2,334) |  |  | $ | 10.19 |
Shares vested |  | (108,887) |  |  | $ | 11.58 |  |  | (112,925) |  |  | $ | 9.96 |
Unvested shares, end of year |  | 147,062 |  |  | $ | 12.07 |  |  | 136,421 |  |  | $ | 10.57 |
Schedule of Dividends Declared | During the years ended December 31, 2024 and 2023, we declared and paid regular quarterly distributions to common shareholders, using cash on hand, as follows:
|  |  |  |  |  | Characterization of Distributions
Year |  | Annual Per Share Distribution |  | Total Distribution |  | Return of Capital |  | Ordinary Income |  | Qualified Dividend
2024 |  | $ | 1.40 |  |  | $ | 20,772 |  |  | — | % |  | 100 | % |  | — | %
2023 |  | $ | 1.40 |  |  | $ | 20,639 |  |  | — | % |  | 100 | % |  | — | %

X
- Definition Tabular disclosure of information related to dividends declared, including paid and unpaid dividends. + References No definition available. + Details
Name: | us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration