CREDIT FACILITIES - Summary of interest expense and amortized financing costs on credit facility (Details) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Jun. 30, 2025
USD ($)
|
Jun. 30, 2024
USD ($)
|
Jun. 30, 2025
USD ($)
|
Jun. 30, 2024
USD ($)
|
|
| Line of Credit Facility [Line Items] | ||||
| Total interest and other fees | $ 3,241,210 | $ 2,278,332 | $ 6,257,771 | $ 4,388,451 |
| Senior Secured Revolving Credit Agreement | ||||
| Line of Credit Facility [Line Items] | ||||
| Interest expense | 2,212,583 | 2,184,224 | 4,217,823 | 4,200,235 |
| Loan structure fees amortization | 103,211 | 94,108 | 196,743 | 188,216 |
| Total interest and other fees | $ 2,315,794 | $ 2,278,332 | $ 4,414,566 | $ 4,388,451 |
| Weighted average interest rate | 7.4 | 8.3 | 7.3 | 8.3 |
| Effective interest rate (including fee amortization) | 7.7 | 8.7 | 7.7 | 8.7 |
| Average debt outstanding | $ 121,434,066 | $ 105,824,176 | $ 116,110,773 | $ 101,347,802 |
| Cash paid for interest and unused fees | 2,244,868 | $ 2,198,327 | 4,194,458 | $ 4,232,791 |
| SPV Facility | ||||
| Line of Credit Facility [Line Items] | ||||
| Interest expense | 857,591 | 1,709,316 | ||
| Facility agent fee | 31,597 | 62,847 | ||
| Loan structure fees amortization | 36,228 | 71,042 | ||
| Total interest and other fees | $ 925,416 | $ 1,843,205 | ||
| Weighted average interest rate | 6.9 | 6.9 | ||
| Effective interest rate (including fee amortization) | 7.4 | 7.4 | ||
| Average debt outstanding | $ 50,000,000 | $ 50,000,000 | ||
| Cash paid for interest and unused fees | $ 898,902 | $ 1,787,630 | ||