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
Non-controlled/non-affiliate, Controlled/affiliate, investment income [Abstract]        
Dividend income $ 467,432 $ 328,497 $ 688,739 $ 328,497
Other income 79,728 18,026 167,434 34,798
Total investment income 10,709,930 11,559,332 21,057,245 24,016,118
Operating expenses:        
Interest and other financing fees 1,298,543 3,363,310 3,840,320 7,104,501
Incentive fees (Note 6) 1,275,636 1,118,488 2,142,038 2,344,006
Management fees (Note 6) 1,173,157 1,076,579 2,360,804 2,228,646
Professional fees 411,817 424,727 1,009,862 805,079
General and administrative fees 230,036 183,021 490,416 313,042
Legal expenses 106,960 114,189 193,020 195,707
Director expenses 35,000 23,620 70,000 47,240
Total expenses 4,531,149 6,303,934 10,106,460 13,038,221
Net investment income before taxes 6,178,781 5,255,398 10,950,785 10,977,897
Income tax expense 165,000 0 722,415 0
Net Investment Income 6,013,781 5,255,398 10,228,370 10,977,897
Net realized gain (loss):        
Net realized gain (loss) on investments 2,488,217 2,034,517 4,352,098 2,034,517
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) on investments (5,623,775) (7,318,171) (10,504,360) (10,635,896)
Net gain (loss) (3,135,558) (5,283,654) (6,152,262) (8,601,379)
Benefit (provision) for taxes on change in unrealized appreciation (depreciation) on investments 1,760,115 0 1,709,967 0
Net increase (decrease) in net assets resulting from operations $ 4,638,338 $ (28,256) $ 5,786,075 $ 2,376,518
Per common share data:        
Net investment income per share - basic (in dollars per share) $ 0.6 $ 0.66 $ 1.1 $ 1.39
Net investment income per share - diluted (in dollars per share) 0.6 0.66 1.1 1.39
Net increase (decrease) in net assets resulting from operations per share - basic (in dollars per share) 0.3 0 0.48 0.3
Net increase (decrease) in net assets resulting from operations per share - diluted (in dollars per share) $ 0.3 $ 0 $ 0.48 $ 0.3
Weighted average shares outstanding - basic (in shares) 10,056,451 8,021,264 9,992,201 7,892,789
Weighted average shares outstanding - diluted (in shares) 10,056,451 8,021,264 9,992,201 7,892,789
Non-controlled/Non-affiliated Investments [Member]        
Non-controlled/non-affiliate, Controlled/affiliate, investment income [Abstract]        
Interest income $ 8,485,427 $ 9,369,453 $ 16,519,615 $ 20,110,443
PIK interest income 668,499 1,000,515 1,508,387 2,425,954
Dividend income 467,432 328,497 688,739 328,497
Other income 259,042 35,816 437,229 173,344
Net realized gain (loss):        
Net realized gain (loss) on investments 2,488,217 2,034,517 4,352,098 2,034,517
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) on investments (6,267,639) (1,166,412) (11,544,151) (4,099,607)
Controlled/Affiliate Investments [Member]        
Non-controlled/non-affiliate, Controlled/affiliate, investment income [Abstract]        
Interest income 583,029 732,350 1,445,338 840,076
PIK interest income 213,641 92,701 425,077 137,804
Other income 32,860 0 32,860 0
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) on investments $ 643,864 $ (6,151,759) $ 1,039,791 $ (6,536,289)