v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accounting Policies [Abstract]      
Cash and cash equivalents [1] $ 23,112,995 $ 69,173,444  
Restricted cash held in securitized debt obligations 2,253,629 2,390,654  
Other restricted cash 1,251,458 0  
Total cash, cash equivalents and restricted cash $ 26,618,082 $ 71,564,098 $ 51,517,192
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as the Company was the primary beneficiary of these VIEs. As of December 31, 2025 and December 31, 2024, assets of the consolidated VIEs totaled $889,507,091 and $1,058,138,406, respectively, and the liabilities of consolidated VIEs totaled $750,274,556 and $831,001,605, respectively. See Note 4 for further discussion.