v3.25.2
REVOLVING CREDIT FACILITIES (Details) - USD ($)
2 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended 15 Months Ended
May 01, 2023
Apr. 30, 2023
May 16, 2019
Oct. 25, 2023
Sep. 30, 2024
Nov. 15, 2021
May 14, 2021
Nov. 15, 2020
Jun. 30, 2025
Jun. 30, 2024
Aug. 25, 2023
Jun. 30, 2023
Aug. 25, 2022
Aug. 28, 2024
Feb. 02, 2024
Feb. 01, 2024
Jan. 30, 2024
Jan. 29, 2024
Line of Credit Facility [Line Items]                                    
Monthly payments $ 2,000,000 $ 4,000,000                                
Interest expense                 $ 3,745,639 $ 1,243,672   $ 1,258,907            
Loss on extinguishment of debt                 0 66,844   0            
Line of credit                 $ 45,500,000 $ 27,800,000                
Asset coverage ratio                 188.00% 213.00%                
Lines of credit, fair value                 $ 45,500,000                  
Deferred financing costs (Note 10)                 530,441 $ 910,312                
Level 3                                    
Line of Credit Facility [Line Items]                                    
Lines of credit, fair value                 $ 45,500,000                  
Investments Held Benchmark | Product Concentration Risk | Net Assets                                    
Line of Credit Facility [Line Items]                                    
% of Portfolio         100.00%       100.00%                  
Senior Secured Revolving Credit Facility                                    
Line of Credit Facility [Line Items]                                    
Lines of credit, fair value                 $ 45,500,000                  
Senior Secured Revolving Credit Facility | Level 3                                    
Line of Credit Facility [Line Items]                                    
Lines of credit, fair value                 $ 45,500,000                  
Senior Secured Revolving Credit Facility | Minimum                                    
Line of Credit Facility [Line Items]                                    
Asset coverage ratio                 150.00%                  
Credit Facility | Revolving Credit Facility                                    
Line of Credit Facility [Line Items]                                    
Maximum borrowing capacity     $ 50,000,000                              
Interest expense                 $ 0 264,524   1,258,907            
Loss on extinguishment of debt                 0 66,844   0            
Collateralized financings                 0 0       $ 656,566        
Credit Facility | Revolving Credit Facility | LIBOR                                    
Line of Credit Facility [Line Items]                                    
Basis spread     1.55%     2.20% 2.20% 2.20%     2.20%   2.20%          
Credit Facility | Revolving Credit Facility | SOFR                                    
Line of Credit Facility [Line Items]                                    
Basis spread       1.55%             2.20%              
Credit Facility | Senior Secured Revolving Credit Facility                                    
Line of Credit Facility [Line Items]                                    
Maximum borrowing capacity                 20,000,000           $ 75,000,000 $ 65,000,000 $ 65,000,000 $ 20,000,000
Interest expense                 3,745,639 979,148   $ 0            
Line of credit                 45,500,000 27,800,000                
Additional amount                 150,000,000                  
Swingline maximum outstanding amount                 $ 5,000,000                  
Stated rate                 2.50%                  
Commitment fee                 0.375%                  
Collateralized financings                 $ 85,016,596 59,455,010                
Cash collateral                 1,511,158 $ 5,417,977                
Debt issuance costs, gross                 1,205,721                  
Deferred financing costs (Note 10)                 $ 530,441                  
Average stated interest rate                 7.30% 7.80%   6.26%            
Average outstanding balance                 $ 44,141,918 $ 8,199,454   $ 16,677,151            
Credit Facility | Senior Secured Revolving Credit Facility | Level 3                                    
Line of Credit Facility [Line Items]                                    
Lines of credit, fair value                 $ 45,500,000 $ 27,800,000                
Credit Facility | Senior Secured Revolving Credit Facility | Investments Held Benchmark | Product Concentration Risk | Net Assets                                    
Line of Credit Facility [Line Items]                                    
% of Portfolio                 100.00% 100.00%                
Credit Facility | Senior Secured Revolving Credit Facility | SOFR                                    
Line of Credit Facility [Line Items]                                    
Basis spread                 0.10%                  
Credit Facility | Senior Secured Revolving Credit Facility | Prime Rate                                    
Line of Credit Facility [Line Items]                                    
Basis spread                 1.50%