XML 44 R31.htm IDEA: XBRL DOCUMENT

EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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,
			2025						2024						2025						2024

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 shareholders			3,999,353						1,738,363						10,315,923						5,014,451
Divided by:
Basic weighted average shares of common stock outstanding			13,247,030						6,800,500						12,571,091						6,800,500
Weighted average unvested restricted stock			37,056						25,405						24,665						25,405
Diluted weighted average shares of common stock outstanding			13,284,086						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