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
Non-controlled, non-affiliated investments:        
Interest income $ 11,912,035 $ 14,790,040 $ 24,921,783 $ 30,895,073
Payment-in-kind interest income 645,162 608,353 1,505,068 1,211,101
Dividend income 0   103,602  
Other income 395,268 340,289 400,581 924,783
Total Investment Income 12,952,465 15,738,682 26,931,034 3,303,095
Expenses:        
Management fee 725,870 788,189 1,491,611 1,598,394
Incentive fee 744,133 711,287 878,959 1,888,428
Administration fee 219,257 250,000 560,155 500,000
Professional fees 295,102 302,528 581,463 735,601
Trustees' fees 43,000 46,708 89,431 89,708
Interest and credit facility expense 4,246,926 5,212,515 8,562,110 10,919,207
Other general and administrative expense 189,277 213,605 419,662 345,783
Total Expenses before Excise Tax 6,463,565 7,524,832 12,583,391 16,077,121
Reimbursement of expense support to Prior Adviser 0 0 0 500,000
Net Expenses before Excise Tax 6,463,565 7,524,832 12,583,391 16,577,121
Net Investment Income (Loss) before Excise Tax 6,488,900 8,213,850 14,347,643 16,453,836
Excise tax expense 0   23,111  
Net Investment Income (Loss) after Excise Tax 6,488,900 8,213,850 14,324,532 16,453,836
Net change in unrealized appreciation (depreciation) on investments:        
Net realized and unrealized gain (loss) (5,036,988) (4,913,325) (12,492,021) (5,006,737)
Net Increase (Decrease) in Net Assets Resulting from Operations $ 1,451,912 $ 3,300,525 $ 1,832,511 $ 11,447,099
Net investment income (loss) per common share - Basic and Diluted $ 0.62 $ 0.77 $ 1.33 $ 1.53
Net increase (decrease) in net assets resulting from operations per common share - Basic and Diluted $ 0.14 $ 0.31 $ 0.17 $ 1.07
Weighted Average Common Shares Outstanding - Basic 10,531,607 10,615,859 10,792,438 10,730,759
Weighted Average Common Shares Outstanding - Diluted 10,531,607 10,615,859 10,792,438 10,730,759
Investment, Unaffiliated Issuer [Member]        
Net realized gains (losses) on investments:        
Non-controlled, non-affiliated investments $ (1,004,192) $ (2,755,997) $ (171,865) $ (1,645,027)
Net change in unrealized appreciation (depreciation) on investments:        
Non-controlled, non-affiliated investments $ (4,032,796) $ (2,157,328) $ (12,320,156) $ (3,361,710)