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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Fair Value Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details) - Loans Receivable - USD ($) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2024 | Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance | $ 35,794,290 | $ 32,932,504
Purchases of loan participation | 1,058,998 | 389,949
Obligation of loan participation | 0 | (12,931)
Loan originations | 39,193,233 | 57,554,746
Interest and fees | 8,527,443 | 14,801,188
Collections | (47,564,200) | (80,089,020)
Net charge off | (2,833,156) | (11,041,155)
Net change in fair value | 12,939,532 | 21,259,009
Ending balance | $ 47,116,140 | $ 35,794,290

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- Definition Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Collections + References No definition available. + Details
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- Definition Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Interest And Fees + References No definition available. + Details
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- Definition Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Obligation + References No definition available. + Details
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
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