v3.25.1
CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
INVESTMENT INCOME:    
Interest on loans $ 3,031,571 $ 10,567,302
Other income 75,751 387,154
Total investment income 3,107,322 10,954,456
EXPENSES:    
Management fees 690,000 1,035,000
Interest expense 739,461 2,795,893
Banking and professional fees 256,158 106,000
Other operating expenses 41,327 61,867
Total expenses 1,726,946 3,998,760
Net investment income 1,380,376 6,955,696
Net realized loss from loans (734,522) 0
Net realized gain from derivative instruments 0 1,367,286
Net change in unrealized loss from loans (2,533,928) (5,331,734)
Net change in unrealized loss from derivative instruments 0 (928,213)
Net realized and change in unrealized loss from loans and derivative instruments (3,268,450) (4,892,661)
Net increase (decrease) in net assets resulting from operations $ (1,888,074) $ 2,063,035
Amounts per common share:    
Net increase (decrease) in net assets resulting from operations per share, basic (in dollars per share) $ (18.88) $ 20.63
Net increase (decrease) in net assets resulting from operations per share, diluted (in dollars per share) $ (18.88) $ 20.63
Weighted average shares outstanding, basic (in shares) 100,000 100,000
Weighted average shares outstanding, diluted (in shares) 100,000 100,000