XML 17 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]    
Interest income from loans $ 5,015,987 $ 3,845,091
Origination fees 902,950 803,469
Total Revenue 5,918,937 4,648,560
Operating costs and expenses:    
Interest and amortization of deferred financing costs 1,226,728 780,119
Referral fees 3,701 8,682
General and administrative expenses 1,227,003 1,005,653
Total operating costs and expenses 2,457,432 1,794,454
Income from operations 3,461,505 2,854,106
Loss on write-down of investment in privately held company (Note 7) (20,000) (15,000)
Income before income tax expense 3,441,505 2,839,106
Income tax expense (2,971) (2,146)
Net income $ 3,438,534 $ 2,836,960
Basic and diluted net income per common share    
--Basic $ 0.42 $ 0.37
--Diluted $ 0.42 $ 0.37
Weighted average number of common shares outstanding    
--Basic 8,117,280 7,590,114
--Diluted 8,128,685 7,608,201