Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Details)

v3.24.1
Significant Accounting Policies (Details) - USD ($)
12 Months Ended
Aug. 14, 2023
Dec. 31, 2023
Dec. 31, 2022
Jan. 01, 2023
Significant Accounting Policies        
CECL Allowance   $ 7,523,160 $ 105,000  
Loan pending/pre-foreclosure amount   68,100,000 24,000,000.0  
Goodwill   391,000 391,000  
Goodwill Impairment   0 0  
Provisions for income tax   90,440 0  
Uncertain tax positions   0 0  
Decrease in retained earnings   $ 20,115,496 $ 7,995,143  
Basic weighted average shares   44,244,988 37,741,657  
Diluted weighted average shares   44,244,988 37,749,169  
Warrants outstanding     7,512  
Basic earnings per share   $ 0.27 $ 0.46  
Diluted earnings per share   $ 0.27 $ 0.46  
Adjustment | ASU 2016-13        
Significant Accounting Policies        
CECL Allowance   $ 1,921,000   $ 1,921,447
Decrease in retained earnings       $ 2,489,574
Building Acquired In December 2016 [Member]        
Significant Accounting Policies        
Property plant and equipment, useful life   40 years    
Loss on sale of real estate $ 183,000      
Building Acquired In 2021 [Member]        
Significant Accounting Policies        
Property plant and equipment, useful life   40 years    
Minimum        
Significant Accounting Policies        
Estimated useful lives   7 years    
Percentage of origination and modification fee revenue   1.00%    
Origination and modification fee revenue as a percentage of original loan principal amount   1.00%    
Maximum        
Significant Accounting Policies        
Estimated useful lives   40 years    
Percentage of origination and modification fee revenue   3.00%    
Origination and modification fee revenue as a percentage of original loan principal amount   3.00%