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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 3,273,606 $ 3,264,307
Adjustments to reconcile net income to net cash provided by operating activities -    
Amortization of deferred financing costs 66,324 76,136
Adjustment to operating lease right-of-use asset and liability 2,603 (333)
Depreciation 1,716 744
Non-cash compensation expense 9,798 9,798
Changes in operating assets and liabilities:    
Interest receivable on loans (168,148) (163,650)
Other assets (28,538) (35,156)
Accounts payable and accrued expenses (92,982) (19,241)
Deferred origination fees 85,945 130,795
Net cash provided by operating activities 3,150,324 3,263,400
Cash flows from investing activities:    
Issuance of short term loans (28,534,303) (35,410,076)
Collections received from loans 33,058,052 31,041,693
Release of loan holdback relating to mortgage receivable (15,000)
Purchase of fixed assets (923)
Net cash provided by (used in) investing activities 4,523,749 (4,384,306)
Cash flows from financing activities:    
Proceeds from public offering, net 12,354,460
(Repayment of) proceeds from line of credit, net (16,824,722) 4,546,858
Dividends paid (3,553,256) (3,181,291)
Purchase of treasury shares (179,251)
Deferred financing costs incurred (27,102)
Net cash (used in) provided by financing activities (8,023,518) 1,159,214
Net (decrease) increase in cash (349,445) 38,308
Cash and restricted cash, beginning of year 459,137 118,407
Cash, end of period 109,692 156,715
Supplemental Cash Flow Information:    
Taxes paid during the period 647 645
Interest paid during the period 811,610 954,622
Operating leases paid during the period 47,600 40,973
Non-cash Investing Activities:    
Interest receivable converted to loans receivable in connection with forbearance agreements $ 29,671