Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Revenues:
Advisory services	$ 4,457,711	$ 3,300,512	$ 11,850,846	$ 9,396,828
Interest income	1,534,531	1,485,386	4,858,456	4,166,811
Dividend income from Orchid Island Capital, Inc. common stock	204,866	204,866	614,597	614,597
Total revenues	6,197,108	4,990,764	17,323,899	14,178,236
Interest expense:
Repurchase agreements	(1,157,498)	(1,373,250)	(3,654,961)	(3,738,559)
Long-term debt	(544,012)	(607,613)	(1,621,984)	(1,820,098)
Net revenues	4,495,598	3,009,901	12,046,954	8,619,579
Other income (expense):
Unrealized gains (losses) on investments			2,229,740	2,356,357
Losses on derivative instruments	(169,953)	(1,991,315)	(1,969,539)	(607,852)
Other income	0	10	0	59
Other (expense) income, net	669,417	420,726	(356,123)	1,067,454
Expenses:
Compensation and related benefits	1,795,098	1,754,798	5,567,369	5,402,324
Direct advisory services costs	485,403	396,344	1,272,462	1,248,722
Directors' fees and liability insurance	189,248	214,035	579,019	630,129
Audit, legal and other professional fees	361,456	126,630	851,762	499,168
Administrative and other expenses	140,481	135,536	444,205	658,971
Total expenses	2,971,686	2,627,343	8,714,817	8,439,314
Net income before income tax provision	2,193,329	803,284	2,976,014	1,247,719
Income tax provision	370,586	547,059	557,969	1,052,231
Net income	$ 1,822,743	$ 256,225	$ 2,418,045	$ 195,488
Common Class A [Member]
Expenses:
Basic and Diluted (in dollars per share)	$ 0.18	$ 0.03	$ 0.24	$ 0.02
Weighted Average Shares Outstanding:
Basic and Diluted (in shares)	10,005,457	10,005,457	10,005,457	10,005,457
Common Class B [Member]
Expenses:
Basic and Diluted (in dollars per share)	$ 0.18	$ 0.03	$ 0.24	$ 0.02
Weighted Average Shares Outstanding:
Basic and Diluted (in shares)	31,938	31,938	31,938	31,938
Orchid Island Capital [Member]
Revenues:
Dividend income from Orchid Island Capital, Inc. common stock	$ 200,000	$ 200,000	$ 600,000	$ 600,000
Other income (expense):
Unrealized gains (losses) on investments	0	(68,289)	(438,184)	(119,506)
Collateralized Mortgage-Backed Securities [Member]
Other income (expense):
Unrealized gains (losses) on investments	839,370	2,480,320	2,229,740	2,356,357
Realized losses on mortgage-backed securities	$ 0	$ 0	$ (178,140)	$ (561,604)

BIMINI CAPITAL MANAGEMENT, INC. 10-Q