| Schedule of interest income received from portfolio companies |
| | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, 2025 | | June 30, 2024 | | June 30, 2025 | | June 30, 2024 | Loan interest | | $ | 8,034,067 | | $ | 6,373,104 | | $ | 15,549,630 | | $ | 12,139,394 | PIK interest | | | 130,057 | | | 173,199 | | | 197,731 | | | 333,142 | Fee amortization income(1) | | | 342,089 | | | 276,865 | | | 651,448 | | | 576,581 | Fee income acceleration(2) | | | 33,177 | | | 21,427 | | | 43,739 | | | 104,859 | Total Interest Income | | $ | 8,539,390 | | $ | 6,844,595 | | $ | 16,442,548 | | $ | 13,153,976 |
| (1) | Includes amortization of fees on unfunded commitments. |
| (2) | Unamortized loan origination fees recognized upon full or partial realization of investment. |
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| Schedule of accumulated undistributed deficit |
| | | | | | | | | June 30, 2025 | | December 31, 2024 | Accumulated net realized gain from investments, net of cumulative dividends of $254,817 for both periods | | $ | 508,701 | | $ | 386,329 | Net realized gain on foreign currency translations | | | 65,424 | | | 113,882 | Net unrealized appreciation on non-controlled non-affiliated investments and cash equivalents, net of deferred tax liability of $221,189 and $259,455, respectively | | | 4,918,021 | | | 2,674,418 | Net unrealized appreciation on foreign currency translations | | | 42,655 | | | 6,923 | Accumulated undistributed net investment loss | | | (1,248,473) | | | (384,258) | Total distributable earnings | | $ | 4,286,328 | | $ | 2,797,294 |
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