v3.25.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Investment income $ 21,878,167 $ 19,272,345
Other interest income 2,288,165 3,003,838
Other income 958,825 94,471
Total revenues 25,125,157 22,370,654
Expenses:    
Provision for credit losses (Note 10) (172,000) (806,000)
Depreciation 3,542 5,967
Interest expense 14,134,816 13,803,935
Net result from derivative transactions (Note 15) 3,036,137 (6,267,664)
General and administrative 4,570,261 4,930,388
Total expenses 21,572,756 11,666,626
Other Income:    
Gain on sale of investments in unconsolidated entities 5,220 50,000
Earnings (losses) from investments in unconsolidated entities (233,334) (106,845)
Income before income taxes 3,324,287 10,647,183
Income tax benefit (2,733) (1,198)
Net income 3,327,020 10,648,381
Redeemable Preferred Unit distributions and accretion (760,679) (767,241)
Net income available to Partners 2,566,341 9,881,140
Net income available to Partners allocated to:    
General Partner 25,611 98,311
Net income available to Partners and noncontrolling interest $ 2,566,341 $ 9,881,140
BUC holders' interest in net income per BUC, basic $ 0.11 $ 0.42 [1]
BUC holders' interest in net income per BUC, diluted $ 0.11 $ 0.42 [1]
Weighted average number of BUCs outstanding, basic 23,171,226 23,000,754 [1]
Weighted average number of BUCs outstanding, diluted 23,171,226 23,000,754 [1]
Beneficial Unit Certificate Holders [Member]    
Net income available to Partners allocated to:    
Limited Partners $ 2,483,685 $ 9,725,097
Restricted Unitholders [Member]    
Net income available to Partners allocated to:    
Limited Partners $ 57,045 $ 57,732
[1] The amounts indicated in the Condensed Consolidated Statements of Operations have been adjusted to reflect the First Quarter 2024 BUCs Distribution on a retroactive basis.

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