Commitments and Contingencies - Additional Information (Details) |
1 Months Ended | 6 Months Ended | |
---|---|---|---|
Apr. 30, 2022
USD ($)
shares
|
Jun. 30, 2022
USD ($)
property
|
Dec. 31, 2021
USD ($)
|
|
Deferred revenue | $ 4,627,997 | $ 4,643,490 | |
Employment Agreements Description | (i) the employment term is five years with extensions for successive one-year periods unless either party provides written notice at least 180 days prior to the next anniversary date of its intention to not renew the agreement; (ii) a base salary of $260,000, which was increased in April 2018, April 2021 and April 2022 to $360,000, $500,000 and $750,000, respectively; (iii) incentive compensation in such amount as determined by the Compensation Committee of the Company’s Board of Directors; (iv) participation in the Company’s employee benefit plans; (v) full indemnification to the extent permitted by law; (vi) a two-year non-competition period following the termination of employment without cause; and (vii) payments upon termination of employment or a change in control. In April 2022, the Company granted 98,425 restricted common shares (having a market value of approximately $500,000) to Mr. Villano. One-third of such shares will vest on January 1, 2023, and an additional one-third will vest on each of January 1, 2024 and 2025. | ||
Number of Mortgage Properties | property | 8 | ||
Mortgages receivable | $ 594,000 | ||
Unfunded Loan Commitment [Member] | |||
Other Commitment | $ 119,108,255 | ||
Minimum | |||
Loan Origination Fees On Original Loan Principal, Percentage | 1.00% | ||
Maximum | |||
Loan Origination Fees On Original Loan Principal, Percentage | 3.00% | ||
John Villano | |||
Restricted Common Shares issued | shares | 98,425 | ||
Market value of shares granted | $ 500,000 | ||
John Villano | Tranche one | |||
Vesting percentage | 0.33% | ||
John Villano | Tranche two | |||
Vesting percentage | 0.33% | ||
John Villano | Tranche three | |||
Vesting percentage | 0.33% |