v3.25.2
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($)
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Non-controlled, non-affiliated investments, at fair value (amortized cost of $335,175,538 and $297,791,269, respectively) $ 340,357,403 $ 300,732,065
Cash and cash equivalents 3,656,962 2,144,116
Interest receivable 1,434,949 1,367,849
Expense reimbursement receivable from the Advisor (Note 2) 43,764 161,473
Deferred offering costs 91,083 127,983
Prepaid expenses 75,871 164,350
Receivable for sales and repayments of investments 140,531 86,896
Total Assets 345,800,563 304,791,076
LIABILITIES    
Credit Facilities payable 171,454,697 138,692,860
Unearned revenue 1,168,481 921,629
Management fees payable 797,402 648,149
Income incentive fee payable 488,340 452,186
Capital gains incentive fee payable 578,962 306,229
Interest payable 621,719 613,821
Administrative services payable 131,093 109,027
Income tax payable 39,534 51,427
Deferred tax liability 221,189 259,455
Other accrued expenses and liabilities 133,669 348,413
Total Liabilities 175,635,086 142,403,196
Commitments and contingencies (Note 7)
Net Assets 170,165,477 162,387,880
NET ASSETS    
Common shares of beneficial interest, par value $0.01 per share (unlimited shares authorized; 11,127,069 and 10,715,095 issued and outstanding, respectively) 111,271 107,151
Paid-in capital 165,767,878 159,483,435
Total distributable earnings 4,286,328 2,797,294
Net Assets 170,165,477 162,387,880
Total Liabilities and Net Assets $ 345,800,563 $ 304,791,076
Net Asset Value Per Share $ 15.29 $ 15.16
Related party    
ASSETS    
Other receivable   $ 2,004
Nonrelated party    
ASSETS    
Other receivable   $ 4,340