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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 4,127,652 $ 4,017,632
Adjustments to reconcile net income to net cash provided by operating activities -    
Amortization of deferred financing costs 71,449 83,401
Adjustment to operating lease right-of-use asset and liability 1,636 3,274
Depreciation 3,001 1,598
Non-cash compensation expense 9,798 9,798
Changes in operating assets and liabilities:    
Interest receivable on loans 14,128 (176,746)
Other assets (38,381) (29,164)
Accounts payable and accrued expenses (53,682) 47,890
Deferred origination fees 1,167 61,645
Net cash provided by operating activities 4,136,768 4,019,328
Cash flows from investing activities:    
Issuance of short term loans (40,810,565) (49,241,679)
Collections received from loans 44,512,989 42,255,461
Purchase of fixed assets (5,085) (1,893)
Net cash provided by (used in) investing activities 3,697,339 (6,988,111)
Cash flows from financing activities:    
(Repayment of) proceeds from line of credit, net (3,561,140) 7,715,637
Dividends paid (4,019,478) (4,310,604)
Purchase of treasury shares (185,691)
Deferred financing costs incurred (38,191) (35,819)
Net cash (used in) provided by financing activities (7,804,500) 3,369,214
Net increase in cash and restricted cash [1] 29,607 400,431
Cash and restricted cash*, beginning of year [1] 103,540 142,546
Cash and restricted cash*, end of period [1] 133,147 542,977
Supplemental Cash Flow Information:    
Taxes paid during the period 650 650
Interest paid during the period 1,797,254 1,036,338
Operating leases paid during the period 47,822 47,703
Supplemental Information – Noncash Information:    
Dividend declared and payable $ 1,288,753 $ 1,436,868
[1] At September 30, 2022, cash and restricted cash included $433,269 of restricted cash.