v3.25.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Investment Income      
PIK interest income from non-control/non-affiliate investments $ 498,497 $ 153,085 $ 19,781
Total Investment Income 9,397,546 3,020,157 3,290,629
Operating Expenses      
Interest expense and credit facility expenses (Note 10) 3,745,639 1,243,672 1,258,907
Base management fees (Note 4) 1,228,769 447,554 422,681
Administrator Costs (Note 4) 671,000 946,720 568,825
Offering costs 521,345 82,489 4,585
Audit and tax expense 375,750 208,624 305,533
Transfer agent’s fees and expenses 358,725 312,643 240,077
Legal expense 188,284 90,036 148,626
Insurance expense 111,393 137,699 181,480
General and administrative 98,933 177,599 65,942
Valuation services 57,043 35,491 26,688
Total Operating Expenses 7,356,881 3,682,527 3,223,344
Expense limitation reimbursement (Note 4) (1,160,344) (447,555) (422,681)
Waiver of Administrator Costs and Base Management Fees (Note 4) (433,425) 0 0
Total Net Operating Expenses 5,763,112 3,234,972 2,800,663
Net Investment Income (Loss) 3,634,434 (214,815) 489,966
Net Realized Losses and Net Change in Unrealized Gains/(Losses) on Investments      
Net realized losses (2,100,215) (2,087,522) (848,927)
Net change in unrealized gains/(losses) (295,330) 9,960 (726,332)
Net Realized Losses and Net Change in Unrealized Losses on Investments (2,395,545) (2,077,562) (1,575,259)
Extinguishment of debt 0 (66,844) 0
Net Increase/(Decrease) in Net Assets Resulting from Operations 1,238,889 (2,359,221) (1,085,293)
Non-Control/ Non-Affiliate Investments      
Investment Income      
Interest income from non-control/non-affiliate investments 8,899,049 2,867,072 3,270,848
PIK interest income from non-control/non-affiliate investments $ 498,497 $ 153,085 $ 19,781