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Consolidated Statement of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (12,500,968) $ (5,625,115)
Adjustments to reconcile net loss from operations to net cash (used in) provided by operating activities:    
Provision for credit losses 5,997,074 5,113,660
Amortization of premiums and discounts on investments 126,278 997,409
Amortization and accretion of investment-related fees, net 122,382 (317,918)
Amortization of discount on debt 1,308,141 1,170,639
Amortization of deferred financing costs 51,396 98,604
Loss from equity interest in unconsolidated investments 3,874,927 1,531,323
Realized loss on investments, net 0 12,512
Unrealized loss on investments, net 0 18,601
Changes in operating assets and liabilities:    
Decrease in interest receivable 967,220 199,736
Decrease (increase) in prepaid expenses and other assets 129,612 (338,167)
Decrease in accrued expenses (140,218) (328,100)
Increase in interest payable from obligation under participation agreement 259,153 0
(Decrease) increase in other liabilities (396,644) 149,229
Net cash (used in) provided by operating activities (201,647) 2,682,413
Cash flows from investing activities:    
Repayment of loans 42,941,496 42,001,868
Origination, funding and purchase of loans (1,059,903) (5,378,078)
Capital contributions to equity interest in unconsolidated investments (527) (32,421,342)
Funding of promissory note receivable (54,130,163) 0
Repayment of promissory note receivable 9,000,000 0
Distributions from equity interest in unconsolidated investments 266,115 472,000
Proceeds from redemption of held-to-maturity debt securities 0 10,000,000
Purchase of held-to-maturity debt securities 0 (10,012,512)
Purchase of marketable securities 0 (525,867)
Net cash (used in) provided by investing activities (2,982,982) 4,136,069
Cash flows from financing activities:    
Proceeds from obligation under participation agreement 18,000,000 0
Repayment of term loan (15,000,000) (10,000,000)
Change in interest reserve and other deposits held on investments (106,918) (108,439)
Payment of financing costs 0 (150,000)
Net cash provided by (used in) financing activities 2,893,082 (10,258,439)
Net decrease in cash, cash equivalents and restricted cash (291,547) (3,439,957)
Cash, cash equivalents and restricted cash, at beginning of year 3,299,996 6,739,953
Cash, cash equivalents and restricted cash, at end of year (Note 2) 3,008,449 3,299,996
Supplemental disclosure of cash flow information:    
Cash paid for interest 5,865,152 4,462,846
Income taxes paid 0 207,156
Supplemental non-cash information:    
Settlement of a mezzanine loan accounted for as an equity investment in exchange for equity interest in a joint venture that owns real estate (Note 4) $ 0 $ 10,149,642