v3.25.2
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($)
Jun. 30, 2025
Jun. 30, 2024
Assets    
Non-control/non-affiliate investments (amortized cost of $88,404,806 and $62,547,890, respectively) (Note 7 and 8) $ 85,016,596 [1] $ 59,455,010 [2]
Cash and cash equivalents 16,499,200 15,406,421
Interest receivable 564,755 365,038
Deferred financing costs (Note 10) 530,441 910,312
Prepaid expenses and other assets 133,985 99,578
Deferred offering costs 106,129 457,656
Receivable for repayments of portfolio investments 74,284 5,141
Total Assets 102,925,390 76,699,156
Liabilities    
Senior Secured Revolving Credit Facility (Note 10) 45,500,000 27,800,000
Payable for open trades 14,988,042 15,065,919
Due to Administrator (Note 4) 2,015,442 1,766,942
Distributions payable 152,652 181,454
Accrued audit fees 133,750 130,000
Accrued expenses 68,489 117,142
Accrued legal fees 49,068 223,723
Interest payable 29,810 150,416
Total Liabilities 62,937,253 45,435,596
Commitments and Contingencies (Note 9)
Net Assets 39,988,137 31,263,560
Components of Net Assets    
Common Stock, par value $0.001 per share (75,000,000 shares authorized; 8,895,933 and 6,661,373 Class A and Class I shares issued and outstanding, respectively) (Note 3) 8,897 6,662
Paid-in capital in excess of par (Note 3 and Note 6) 53,680,378 43,901,672
Distributions in excess of earnings (Note 6) (13,701,138) (12,644,774)
Net Assets $ 39,988,137 $ 31,263,560 [3]
[1] Fair value is determined by the Company’s Board of Directors (see Note 2).
[2] Fair value is determined by the Company’s Board of Directors (see Note 2).
[3] Certain reclassifications have been made in the presentation of prior year and prior quarter amounts to conform to the presentation for the fiscal year ended June 30, 2024. In addition, we have not yet finalized return of capital estimates for the current period. See Note 2 and 6 within the accompanying notes to the consolidated financial statements for further discussion.