Commitments and Contingencies - Additional Information (Details) |
1 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jul. 31, 2022
USD ($)
|
Apr. 30, 2022
USD ($)
shares
|
Sep. 30, 2022
USD ($)
property
|
Dec. 31, 2021
USD ($)
|
|
| Commitments and Contingencies | ||||
| Deferred revenue | $ 4,471,800 | $ 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 | 4 | |||
| Mortgages receivable | $ 236,000 | |||
| Base salary | $ 325,000 | |||
| Unfunded Commitments | ||||
| Commitments and Contingencies | ||||
| Other commitments | $ 118,103,785 | |||
| Minimum | ||||
| Commitments and Contingencies | ||||
| Loan origination and modification fees range as percentage of the original loan principal | 1.00% | |||
| Maximum | ||||
| Commitments and Contingencies | ||||
| Loan origination and modification fees range as percentage of the original loan principal | 3.00% | |||
| John Villano | ||||
| Commitments and Contingencies | ||||
| Restricted common shares issued | shares | 98,425 | |||
| Market value of shares granted | $ 500,000 | |||
| John Villano | Tranche one | ||||
| Commitments and Contingencies | ||||
| Vesting percentage | 0.33% | |||
| John Villano | Tranche two | ||||
| Commitments and Contingencies | ||||
| Vesting percentage | 0.33% | |||
| John Villano | Tranche three | ||||
| Commitments and Contingencies | ||||
| Vesting percentage | 0.33% | |||