v3.26.1
CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY (unaudited) - USD ($)
Total
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2024   22,332,927    
Beginning balance at Dec. 31, 2024 $ 201,376,138 $ 223,329 $ 251,865,763 $ (50,712,954)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Stock-based compensation, net of forfeitures (in shares)   263,080    
Stock-based compensation, net of forfeitures 553,749 $ 2,631 551,118  
Dividends declared on common shares (5,197,082)     (5,197,082)
Net income 4,067,685     4,067,685
Ending balance (in shares) at Mar. 31, 2025   22,596,007    
Ending balance at Mar. 31, 2025 $ 200,800,490 $ 225,960 $ 252,416,881 $ (51,842,351)
Beginning balance (in shares) at Dec. 31, 2025 23,528,844      
Beginning balance at Dec. 31, 2025 $ 175,567,987      
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Dividends declared on common shares $ (1,176,442)      
Ending balance (in shares) at Mar. 31, 2026 23,528,844      
Ending balance at Mar. 31, 2026 $ 185,818,892