v3.25.2
CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INVESTMENT INCOME:        
Interest on loans $ 2,678,950 $ 9,949,966 $ 5,710,521 $ 20,517,268
Other income 64,857 186,623 140,609 573,777
Total investment income 2,743,807 10,136,589 5,851,130 21,091,045
EXPENSES:        
Management fees 690,000 1,035,000 1,380,000 2,070,000
Interest expense 505,686 2,119,526 1,245,147 4,915,419
Banking and professional fees 92,376 215,200 348,534 321,200
Other operating expenses 68,230 165,707 109,558 227,573
Total expenses 1,356,292 3,535,433 3,083,239 7,534,192
Net investment income 1,387,515 6,601,156 2,767,891 13,556,853
Net realized loss from loans (679,210) (4,482,099) (1,413,732) (4,482,099)
Net realized gain from derivative instruments 0 500,222 0 1,867,508
Net change in unrealized loss from loans (4,756,422) (1,728,521) (7,290,350) (7,060,256)
Net change in unrealized loss from derivative instruments 0 (349,917) 0 (1,278,130)
Net realized and change in unrealized loss from loans and derivative instruments (5,435,632) (6,060,315) (8,704,082) (10,952,977)
Net increase (decrease) in net assets resulting from operations $ (4,048,117) $ 540,841 $ (5,936,191) $ 2,603,876
Amounts per common share:        
Net increase (decrease) in net assets resulting from operations per share, basic (in dollars per share) $ (40.48) $ 5.41 $ (59.36) $ 26.04
Net increase (decrease) in net assets resulting from operations per share, diluted (in dollars per share) $ (40.48) $ 5.41 $ (59.36) $ 26.04
Weighted average shares outstanding, basic (in shares) 100,000 100,000 100,000 100,000
Weighted average shares outstanding, diluted (in shares) 100,000 100,000 100,000 100,000