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USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Condensed Consolidated Statement of Operations (Details) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Variable Interest Entity [Line Items]    
Net interest income $ 5,696,678 $ 7,734,534
Loss on extinguishment of debt (1,152,861) 0
General and administrative fees (1,066,737) (924,060)
LMNT 2025-FL3 CLO and LMF 2023-1 Financing    
Variable Interest Entity [Line Items]    
Interest income 13,094,776  
Interest expense (10,375,765)  
Net interest income 2,719,011  
Release of allowance for credit losses 465,674  
Loss on extinguishment of debt (1,152,861)  
General and administrative fees (112,557)  
Net (loss) income $ 1,919,267  
2021-FL1 CLO and LMF 2023-1    
Variable Interest Entity [Line Items]    
Interest income   20,485,198
Interest expense   (13,636,474)
Net interest income   6,848,724
Release of allowance for credit losses   (5,739,974)
Loss on extinguishment of debt   0
General and administrative fees   (183,564)
Net (loss) income   $ 925,186