v3.25.2
Consolidated Statements of Operations - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Investment income        
Interest $ 5,151,337 $ 2,573,272 $ 9,416,599 $ 4,362,044
Dividends 194,391 325,091 324,327 783,181
Other income 44,389 21,983 67,074 42,605
Total investment income 5,390,117 2,920,346 9,808,000 5,187,830
Expenses        
Management fee 470,160 352,247 845,967 655,138
Incentive fees 402,599 0 825,475 0
Accounting and legal services fees 11,349 4,321 23,307 13,088
Interest and credit facility expenses 1,297,116 445,109 2,332,519 476,594
Investment servicing fees 17,220 0 36,396 0
Trustee fees 23,357 22,280 46,595 43,928
Professional fees 143,064 500,319 272,370 604,310
Custody and accounting fees 63,721 49,312 130,601 106,551
Transfer Agent 35,479 10,552 82,417 10,552
Printing and postage 20,247 7,883 28,945 18,948
Organization cost 0 0 0 24,253
Offering cost 0 101,860 0 201,867
Other expenses 37,951 14,714 51,643 23,509
Total expenses 2,522,263 1,508,597 4,676,235 2,178,738
Less expense reductions (241,277) (639,029) (466,823) (919,774)
Net expenses 2,280,986 869,568 4,209,412 1,258,964
Net investment income 3,109,131 2,050,778 5,598,588 3,928,866
Realized and unrealized gain (loss):        
Net realized gain (loss) on non-controlled/non-affiliated investments 40,758 3,597 55,073 6,492
Change in net unrealized appreciation (depreciation) of non-controlled/non-affiliated investments (872,419) 301,138 (490,407) 785,427
Net realized and unrealized gain (loss) (831,661) 304,735 (435,334) 791,919
Increase (decrease) in net assets from operations $ 2,277,470 $ 2,355,513 $ 5,163,254 $ 4,720,785