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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 4,284,550 $ 4,127,652
Adjustments to reconcile net income to net cash provided by operating activities -    
Amortization of deferred financing costs 66,427 71,449
Adjustment to right-of-use asset - operating lease and liability 121 1,636
Depreciation 3,480 3,001
Non-cash compensation expense 9,798 9,798
Changes in operating assets and liabilities:    
Interest and other fees receivable on loans (140,738) 14,128
Other assets (35,005) (38,381)
Accounts payable and accrued expenses (83,505) (53,682)
Deferred origination fees (100,207) 1,167
Net cash provided by operating activities 4,004,921 4,136,768
Cash flows from investing activities:    
Issuance of short-term loans (29,362,922) (40,810,565)
Collections received from loans 33,749,887 44,512,989
Purchase of fixed assets (4,018) (5,085)
Net cash provided by investing activities 4,382,947 3,697,339
Cash flows from financing activities:    
Repayment of line of credit, net (5,982,070) (3,561,140)
Dividends paid (3,917,963) (4,019,478)
Purchase of treasury shares (9,800) (185,691)
Deferred financing costs incurred (2,167) (38,191)
Net cash used in financing activities (9,912,000) (7,804,500)
Net (decrease) increase in cash (1,524,132) 29,607
Cash and cash - restricted, beginning of period [1] 1,691,995 103,540
Cash, end of period 167,863 133,147
Supplemental Disclosure of Cash Flow Information:    
Cash paid during the period for taxes 650 650
Cash paid during the period for interest 1,816,980 1,797,254
Cash paid during the period for operating leases 47,779 47,822
Supplemental Schedule of Noncash Financing Activities:    
Dividend declared and payable 1,315,445 1,288,753
Loan holdback relating to mortgage receivable $ 50,000
[1] At December 31, 2023, cash and restricted cash consisted of $1,587,773 of restricted cash.