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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net income $ 4,423,325 $ 4,229,378
Adjustments to reconcile net income to net cash provided by operating activities -    
Amortization of deferred financing costs 87,353 102,017
Depreciation 2,265 1,135
Non cash compensation expense 13,065 13,064
Adjustment to operating lease right-of-use asset and liability 3,960 (62)
Changes in operating assets and liabilities    
Interest receivable on loans (128,207) (180,911)
Other assets (443) (5,724)
Accounts payable and accrued expenses (14,771) 17,117
Deferred origination fees 212,823 45,519
Net cash provided by operating activities 4,599,370 4,221,533
Cash flows from investing activities:    
Issuance of short term loans (49,267,892) (43,719,304)
Collections received from loans 41,650,498 39,136,019
Release of loan holdback relating to mortgage receivable (15,000)
Purchase of fixed assets (8,759)
Net cash used in investing activities (7,617,394) (4,607,044)
Cash flows from financing activities:    
Proceeds from public offering, net 12,354,460
(Repayment of) proceeds from line of credit, net (4,662,903) 5,075,880
Dividends paid (4,990,124) (4,143,286)
Purchase of treasury shares (179,251)
Deferred financing costs incurred (27,102)
Net cash provided by financing activities 2,701,433 726,241
Net (decrease) increase in cash and restricted cash (316,591) 340,730
Cash and restricted cash, beginning of year 459,137 118,407
Cash and restricted cash, end of year 142,546 459,137
Supplemental Cash Flow Information:    
Taxes paid during the year 647 645
Interest paid during the year 982,491 1,264,533
Operating leases paid during the year 63,481 56,572
Supplemental Information – Noncash Information:    
Dividend declared and payable 1,436,868 1,058,194
Establishment of right-of-use asset and operating lease liability 329,421
Interest receivable converted to loans receivable in connection with forbearance agreements $ 29,671