v3.25.2
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Investment income from non-controlled, non-affiliated investments:        
Interest income $ 30,023,842 $ 35,278,431 $ 59,843,505 $ 68,486,203
Dividend income 481,501 805,031 1,055,837 2,059,727
Payment-in-kind interest income 801,918 182,116 1,309,768 234,303
Other income 369,659 283,918 682,089 554,206
Total investment income from non-controlled, non-affiliated investments 31,676,920 36,549,496 62,891,199 71,334,439
Total Investment Income 31,676,920 36,549,496 62,891,199 71,334,439
Expenses:        
Incentive fees 1,940,079 2,249,954 3,782,785 4,174,706
Interest expense 12,576,374 14,997,028 25,546,131 28,175,858
Management fees 2,233,077 2,450,079 4,566,752 4,866,318
Professional fees 251,376 398,080 564,108 636,023
Directors fees 37,397 37,295 74,384 74,590
Other general and administrative expenses 797,088 659,209 1,602,359 1,381,375
Total Expenses 17,835,391 20,791,645 36,136,519 39,308,870
Less: Management fee waiver (Note 3) 0 0 0 (50,511)
Net expenses 17,835,391 20,791,645 36,136,519 39,258,359
Net Investment Income (Loss) 13,841,529 15,757,851 26,754,680 32,076,080
Net realized gains (losses):        
Non-controlled, non-affiliated investments (5,745,139) (9,411,924) (11,639,632) (11,148,255)
Total net realized gains (losses) (5,745,139) (9,411,924) (11,639,632) (11,148,255)
Total net change in unrealized gains (losses) (926,414) (1,033,114) (16,334,283) 7,265,128
Net change in unrealized gains (losses):        
Non-controlled, non-affiliated investments (926,414) (1,033,114) (16,334,283) 7,265,128
Total realized and unrealized gains (losses) (6,671,553) (10,445,038) (27,973,915) (3,883,127)
Net Increase (Decrease) in Net Assets Resulting from Operations $ 7,169,976 $ 5,312,813 $ (1,219,235) $ 28,192,953
Per Common Share Data:        
Basic net investment income per common share (in Dollars per share) $ 0.43 $ 0.48 $ 0.82 $ 1
Diluted net investment income per common share (in Dollars per share) 0.43 0.48 0.82 1
Basic net increase (decrease) in net assets resulting from operations (in Dollars per share) 0.22 0.16 (0.04) 0.88
Diluted net increase (decrease) in net assets resulting from operations (in Dollars per share) $ 0.22 $ 0.16 $ (0.04) $ 0.88
Weighted Average Common Shares Outstanding - Basic (in Shares) 32,349,999 32,569,280 32,475,330 32,081,916
Weighted Average Common Shares Outstanding – Diluted (in Shares) 32,349,999 32,569,280 32,475,330 32,081,916