v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS - Unobservable Inputs Used in Fair Value Measurement of Level 3 Investments (Details)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 85,016,596 [1] $ 59,455,010 [2]
Senior Secured Second Lien Debt    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 4,249,570 1,559,701
Common Equity/Other    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 2,061,100 743,301
Preferred Equity    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 501,010 100,000
Structured Subordinated Notes    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 709,261 2,956,672
Level 3    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 62,003,175 41,500,649
Level 3 | Senior Secured First Lien Debt | Discounted Cash Flow (Yield Analysis)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 51,519,112  
Level 3 | Senior Secured First Lien Debt | Discounted Cash Flow (Yield Analysis) | Market yield | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.0784  
Level 3 | Senior Secured First Lien Debt | Discounted Cash Flow (Yield Analysis) | Market yield | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.1585  
Level 3 | Senior Secured First Lien Debt | Discounted Cash Flow (Yield Analysis) | Market yield | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.1088  
Level 3 | Senior Secured First Lien Debt 1 | Valuation, Enterprise Market and Discounted Cash Flow Approach    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 179,615  
Level 3 | Senior Secured First Lien Debt 1 | Enterprise Value Waterfall (Market Approach)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value   $ 1,925,302
Level 3 | Senior Secured First Lien Debt 1 | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 4.75 4.50
Level 3 | Senior Secured First Lien Debt 1 | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 7.75 7.50
Level 3 | Senior Secured First Lien Debt 1 | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 6.25 5.33
Level 3 | Senior Secured First Lien Debt 1 | Enterprise Value Waterfall (Market Approach) | Indicative Dealer Quotes    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 2,682,544  
Level 3 | Senior Secured First Lien Debt 1 | Enterprise Value Waterfall (Market Approach) | Indicative Dealer Quotes | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.8968  
Level 3 | Senior Secured First Lien Debt 1 | Enterprise Value Waterfall (Market Approach) | Indicative Dealer Quotes | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.9143  
Level 3 | Senior Secured First Lien Debt 1 | Enterprise Value Waterfall (Market Approach) | Indicative Dealer Quotes | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.9055  
Level 3 | Senior Secured First Lien Debt 1 | Discounted Cash Flow (Yield Analysis)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 252,767 $ 34,215,673
Level 3 | Senior Secured First Lien Debt 1 | Discounted Cash Flow (Yield Analysis) | Market yield | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.1721 0.0872
Level 3 | Senior Secured First Lien Debt 1 | Discounted Cash Flow (Yield Analysis) | Market yield | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.1721 0.2754
Level 3 | Senior Secured First Lien Debt 1 | Discounted Cash Flow (Yield Analysis) | Market yield | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.1721 0.1246
Level 3 | Senior Secured First Lien Debt 1 | Discounted Cash Flow (Yield Analysis) | Discount rate | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.1500  
Level 3 | Senior Secured First Lien Debt 1 | Discounted Cash Flow (Yield Analysis) | Discount rate | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.1700  
Level 3 | Senior Secured First Lien Debt 1 | Discounted Cash Flow (Yield Analysis) | Discount rate | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.1600  
Level 3 | Senior Secured First Lien Debt 1 | Discounted Cash Flow (Yield Analysis) | Expected Volatility | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.4500  
Level 3 | Senior Secured First Lien Debt 1 | Discounted Cash Flow (Yield Analysis) | Expected Volatility | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.5500  
Level 3 | Senior Secured First Lien Debt 1 | Discounted Cash Flow (Yield Analysis) | Expected Volatility | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.5500  
Level 3 | Senior Secured First Lien Debt 2 | Enterprise Value Waterfall (Market Approach)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 80,929  
Level 3 | Senior Secured First Lien Debt 2 | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 8.00  
Level 3 | Senior Secured First Lien Debt 2 | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 9.00  
Level 3 | Senior Secured First Lien Debt 2 | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 9.00  
Level 3 | Senior Secured First Lien Debt 2 | Discounted Cash Flow (Yield Analysis) | Market yield | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.2638  
Level 3 | Senior Secured First Lien Debt 2 | Discounted Cash Flow (Yield Analysis) | Market yield | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.2638  
Level 3 | Senior Secured First Lien Debt 2 | Discounted Cash Flow (Yield Analysis) | Market yield | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.2638  
Level 3 | Senior Secured First Lien Debt 2 | Discounted Cash Flow (Yield Analysis) | Expected Volatility | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.45  
Level 3 | Senior Secured First Lien Debt 2 | Discounted Cash Flow (Yield Analysis) | Expected Volatility | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.55  
Level 3 | Senior Secured First Lien Debt 2 | Discounted Cash Flow (Yield Analysis) | Expected Volatility | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.55  
Level 3 | Senior Secured First Lien Debt 3 | Enterprise Value Waterfall (Market Approach)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 1,506,771  
Level 3 | Senior Secured First Lien Debt 3 | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 5.5  
Level 3 | Senior Secured First Lien Debt 3 | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 7.5  
Level 3 | Senior Secured First Lien Debt 3 | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 6.45  
Level 3 | Senior Secured First Lien Debt 3 | Liquidation Scenario    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 10,066  
Level 3 | Senior Secured First Lien Debt 3 | Liquidation Scenario | EBITDA multiple | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 1.00  
Level 3 | Senior Secured First Lien Debt 3 | Liquidation Scenario | EBITDA multiple | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 1.00  
Level 3 | Senior Secured First Lien Debt 3 | Liquidation Scenario | EBITDA multiple | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 1.00  
Level 3 | Senior Secured Second Lien Debt    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 2,500,000 $ 1,559,701
Level 3 | Senior Secured Second Lien Debt | Enterprise Value Waterfall (Market Approach)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 2,500,000  
Level 3 | Senior Secured Second Lien Debt | Discounted Cash Flow (Yield Analysis)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value   $ 1,559,701
Level 3 | Senior Secured Second Lien Debt | Discounted Cash Flow (Yield Analysis) | Market yield | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs   0.1560
Level 3 | Senior Secured Second Lien Debt | Discounted Cash Flow (Yield Analysis) | Market yield | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs   0.1810
Level 3 | Senior Secured Second Lien Debt | Discounted Cash Flow (Yield Analysis) | Market yield | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs   0.168
Level 3 | Common Equity/Other    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 2,061,100 $ 743,301
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | EBITDA multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 1,961,100 $ 714,926
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 4.00 4.75
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 9.00 9.00
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 7.22 8.26
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | Purchase Price    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 100,000  
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | Revenue multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value   $ 28,375
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | Revenue multiple | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs   0.40
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | Revenue multiple | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs   0.70
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | Revenue multiple | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs   0.55
Level 3 | Common Equity/Warrants | Enterprise Value Waterfall (Market Approach) | Revenue multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 0  
Level 3 | Common Equity/Warrants | Enterprise Value Waterfall (Market Approach) | Revenue multiple | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.00  
Level 3 | Common Equity/Warrants | Enterprise Value Waterfall (Market Approach) | Revenue multiple | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.45  
Level 3 | Common Equity/Warrants | Enterprise Value Waterfall (Market Approach) | Revenue multiple | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.00  
Level 3 | Preferred Equity    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 501,010 $ 100,000
Level 3 | Preferred Equity | Enterprise Value Waterfall (Market Approach)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 178,802 $ 100,000
Level 3 | Preferred Equity | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs   6.00
Level 3 | Preferred Equity | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs   7.00
Level 3 | Preferred Equity | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs   6.50
Level 3 | Preferred Equity | Enterprise Value Waterfall (Market Approach) | Option Pricing Model | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.5500  
Level 3 | Preferred Equity | Enterprise Value Waterfall (Market Approach) | Option Pricing Model | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.7000  
Level 3 | Preferred Equity | Enterprise Value Waterfall (Market Approach) | Option Pricing Model | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.6400  
Level 3 | Preferred Equity | Enterprise Market Cash Flow Approach And Option Pricing Model | EBITDA multiple | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 3.25  
Level 3 | Preferred Equity | Enterprise Market Cash Flow Approach And Option Pricing Model | EBITDA multiple | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 6.75  
Level 3 | Preferred Equity | Enterprise Market Cash Flow Approach And Option Pricing Model | EBITDA multiple | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 4.9  
Level 3 | Preferred Equity | Enterprise Value Waterfall (Market Approach)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 322,208  
Level 3 | Preferred Equity | Enterprise Market Cash Flow Approach And Option Pricing Model | EBITDA multiple | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.055  
Level 3 | Preferred Equity | Enterprise Market Cash Flow Approach And Option Pricing Model | EBITDA multiple | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.0725  
Level 3 | Preferred Equity | Enterprise Market Cash Flow Approach And Option Pricing Model | EBITDA multiple | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.0635  
Level 3 | Structured Subordinated Notes    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 709,261 $ 2,956,672
Level 3 | Structured Subordinated Notes | Discounted Cash Flow (Yield Analysis)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 709,261 $ 2,956,672
Level 3 | Structured Subordinated Notes | Discounted Cash Flow (Yield Analysis) | Discount rate | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.1521 0.0613
Level 3 | Structured Subordinated Notes | Discounted Cash Flow (Yield Analysis) | Discount rate | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.1732 0.2109
Level 3 | Structured Subordinated Notes | Discounted Cash Flow (Yield Analysis) | Discount rate | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.1661 0.1297
[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).