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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The following information sets forth the computations of basic and diluted earnings per common share for the three and nine months ended September 30, 2025 and 2024:
Three months ended
September 30,		Nine months ended
September 30,
2025202420252024
Net income$4,054,959 $1,738,363 $10,512,710 $5,014,451 
Dividends paid on unvested restricted stock(55,606)— (196,787)— 
Net income attributable to common shareholders3,999,353 1,738,363 10,315,923 5,014,451 
  Divided by:
  Basic weighted average shares of common stock outstanding13,247,030 6,800,500 12,571,091 6,800,500 
Weighted average unvested restricted stock37,056 25,405 24,665 25,405 
Diluted weighted average shares of common stock outstanding13,284,086 6,825,905 12,595,756 6,825,905 
Basic earnings per common share$0.30 $0.26 $0.82 $0.74 
Diluted earnings per common share$0.30 $0.25 $0.82 $0.73 
Diluted earnings per common share was computed using the treasury stock method for restricted stock. Diluted earnings per common share excluded 107,684 and 75,622 weighted average unvested restricted stock due to anti-dilutive effect for the three and nine months ended September 30, 2025, respectively, and 33,998 and 33,998 for the three and nine months ended September 30, 2024, respectively.