Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies - Additional Information (Details)

v3.24.1
Commitments and Contingencies - Additional Information (Details)
1 Months Ended 12 Months Ended
Sep. 11, 2023
USD ($)
Mar. 31, 2023
shares
Feb. 28, 2023
USD ($)
shares
Oct. 31, 2022
Jul. 31, 2022
USD ($)
Apr. 30, 2022
USD ($)
shares
Apr. 30, 2021
USD ($)
shares
Apr. 30, 2018
USD ($)
Feb. 28, 2017
USD ($)
Dec. 31, 2023
USD ($)
property
shares
Dec. 31, 2022
USD ($)
shares
Commitments and Contingencies                      
Deferred revenue                   $ 4,647,302 $ 4,360,452
Base salary         $ 325,000 $ 750,000 $ 500,000 $ 360,000 $ 260,000    
Number of mortgage properties | property                   3  
Mortgages receivable                   $ 800,000  
Employment agreement, Term                 5 years    
Employment agreement, extension term                 1 year    
Employment agreement, notice period for non renewal                 180 days    
Employment agreement, non-competition period                 2 years    
Urbane New Haven, LLC                      
Commitments and Contingencies                      
Payment to seller as percent of net proceeds from real estate development projects       20.00%              
Amount of purchase and sale contract to acquire a commercial building $ 2,300,000                    
Non-refundable deposit $ 230,000                    
Restricted Stock                      
Commitments and Contingencies                      
Number of unvested shares | shares                   120,068  
Unrecorded stock based compensation expense                   $ 743,885  
Restricted Stock | 2016 Equity Compensation plan                      
Commitments and Contingencies                      
Number of shares granted | shares                   196,056 163,967
Vested on January 1, 2024 | Restricted Stock | 2016 Equity Compensation plan                      
Commitments and Contingencies                      
Unrecorded stock based compensation expense                   $ 743,885  
Unfunded Commitments                      
Commitments and Contingencies                      
Deferred revenue                   4,647,302  
Other commitments                   $ 97,900,000  
Minimum                      
Commitments and Contingencies                      
Percentage of origination and modification fee revenue                   1.00%  
Maximum                      
Commitments and Contingencies                      
Percentage of origination and modification fee revenue                   3.00%  
John Villano | Restricted Stock                      
Commitments and Contingencies                      
Number of shares granted | shares     130,890                
Market value of shares granted     $ 506,000     $ 500,000 $ 500,000        
Restricted common shares issued | shares           98,425 89,928        
John Villano | Vested immediately on the grant date | Restricted Stock                      
Commitments and Contingencies                      
Vesting percentage     0.33%                
John Villano | Vested on first anniversary | Restricted Stock                      
Commitments and Contingencies                      
Vesting percentage     0.33%                
John Villano | Vested on second anniversary | Restricted Stock                      
Commitments and Contingencies                      
Vesting percentage     0.33%             0.33%  
John Villano | Share-Based Payment Arrangement, Tranche Five | Restricted Stock                      
Commitments and Contingencies                      
Vesting percentage                   0.33%  
Mr. Warch | Restricted Stock                      
Commitments and Contingencies                      
Number of shares granted | shares   5,333 8,000                
Market value of shares granted     $ 30,000                
Mr. Warch | Vested immediately on the grant date | Restricted Stock                      
Commitments and Contingencies                      
Vesting percentage     0.33%                
Mr. Warch | Vested on first anniversary | Restricted Stock                      
Commitments and Contingencies                      
Vesting percentage     0.33%