v3.26.1
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Taxes
The following table presents our provision for income taxes: 
Year Ended December 31,
20252024
Deferred tax expense$8,193 $18,808 
Provision for income tax expense$8,193 $18,808 
Schedule of Effective Income Tax Rate Reconciliation
The following is a reconciliation of our effective income tax rate as a percentage of pre-tax income to the U.S. federal statutory rate, for the years ended December 31, 2025 and 2024:

Year Ended December 31,
20252024
U.S. federal statutory income tax21.0 %21.0 %
REIT income not subject to federal income tax(21.0)%(21.0)%
State and local income taxes, net of federal tax benefit— %— %
Schedule of Deferred Tax Assets
The TRS has a deferred tax asset , comprised of the following:
 As of December 31, 2025As of December 31, 2024
Accumulated net operating losses of TRS$1,424,431 $1,448,704 
Mortgage servicing rights$(170,805)$(199,405)
Capitalized transaction costs$43,822 $56,342 
Net non-current deferred tax asset$1,297,448 $1,305,641