v3.25.2
Income Taxes (Tables)
6 Months Ended
Jun. 30, 2025
Income Taxes [Abstract]  
Permanent Differences Reclassified for Tax Purposes
The following permanent differences were reclassified for tax purposes for the year ended December 31, 2024:

   
For the year ended
December 31, 2024
 
Increase (decrease) in capital in excess of par value
 
$
2,281,202
 
Increase (decrease) in accumulated undistributed (overdistributed) earnings
   
(2,281,202
)
Components of Distributions Declared
The following table provides the tax character of distributions declared for the year ended December 31, 2024:

   
For the year ended
December 31, 2024
 
Ordinary income
 
$
20,652,462
 
Long-term capital gains
    671,887  
Total
 
$
21,324,349
 
Excise Taxes Related to Regulated Investment Company (RIC)
The Company recognized the following excise taxes related to the Company’s status as a RIC:

   
For the six months
ended June 30, 2025
   
For the year ended
December 31, 2024
 
Excise tax expense
 
$
-
    $ 37,907  
Total
  $
-

  $
37,907  
Benefits (Provisions) for Deferred Taxes on Unrealized Appreciation and Depreciation on Investments
The Company recognized the following benefits (provisions) for deferred taxes on the change in unrealized appreciation and depreciation on investments held in the Holding Company:

 
 
For the six months
ended June 30, 2025
   
For the year ended
December 31, 2024
 
Benefit (provision) for taxes on change in unrealized appreciation (depreciation) on investments
 
$
1,709,967
 
$
(6,094,196
)
Total
 
$
1,709,967
 
$
(6,094,196
)