Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2024

Significant Accounting Policies

Schedule of allowance for credit losses


					Provision for credit
		Balance as of December 31, 2023			losses related to loans			Balance as of March 31, 2024
Mortgages receivable		$	7,523,160		$	530,092		$	8,053,252
Interest receivable			901,957			207,846			1,109,803
Due from borrower			352,459			542,345			894,804
Unfunded commitments			508,600			31,741			540,341
Total Allowance for credit losses		$	9,286,176		$	1,312,024		$	10,598,200

Schedule of Property and Equipment


March 31, 2024		Cost			Accumulated Depreciation			Property and Equipment, Net
Building		$	2,541,214		$	(62,756)		$	2,478,458
Land			255,013			—			255,013
Furniture and fixtures			280,889			(80,051)			200,838
Computer hardware and software			284,578			(211,029)			73,549
Vehicles			435,180			(112,385)			322,795
Total property and equipment, net		$	3,796,874		$	(466,221)		$	3,330,653


December 31, 2023 (Audited)		Cost			Accumulated Depreciation			Property and Equipment, Net
Building		$	2,541,214		$	(50,694)		$	2,490,520
Land			262,631			—			262,613
Furniture and fixtures			319,898			(68,891)			251,098
Computer hardware and software			352,573			(227,687)			124,886
Vehicles			305,980			(61,612)			244,368
Total property and equipment, net		$	3,782,369		$	(408,884)		$	3,373,485