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Loans Receivable (Tables)
 3 Months Ended
Mar. 31, 2023
Receivables [Abstract]  
Schedule of Commercial Real Estate Loans Receivable

Commercial real estate loans receivable, net consist of the following:

  

March 31,
2023

  

December 31,
2022

 
Commercial real estate loans receivable, gross  $413,292   $1,432,560 
Less: loan origination charges   (103,476)   (109,081)
Commercial real estate loans receivable, net   309,816    1,323,479 
Allowance for credit losses   (21,078)   (21,488)
Commercial real estate loans receivable, net   288,738    1,301,991 
Current portion   (11,728)   (51,300)
Noncurrent portion  $277,010   $1,250,691 
Schedule of Allowance For Loan Losses

The allowance for credit losses consist of the following activity for the three months ended March 31, 2023 and year ended March 31, 2022:

 

  

March 31,
2023

  

March 31,
2022

 
Allowance for credit losses          
Beginning balance  $21,488   $14,741 
Cumulative effect from adoption of CECL     14,980       -  
Charge-offs   -    - 
Recoveries   (15,390)   - 
Provision   -    9,805 
Ending balance  $21,078   $24,546 
           
Loans receivable:          
Individually evaluated for impairment  $-   $- 
Collectively evaluated for impairment   413,292    1,465,482 
   $413,292   $1,465,482 
Allowance for credit losses:          
Individually evaluated for impairment  $-   $- 
Collectively evaluated for impairment   21,078    24,546 
   $21,078   $24,546