v3.25.4
FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Unobservable Inputs Used in Fair Value Measurement of Level 3 Investments (Details)
Dec. 31, 2025
USD ($)
Jun. 30, 2025
USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 63,918,767 [1] $ 85,016,596 [2]
Senior Secured Loans-Second Lien    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 2,557,387 4,249,570
Common Equity/Other    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 2,487,602 2,061,100
Preferred Equity    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 828,866 501,010
Subordinated Structured Notes    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 169,710 709,261
Level 3    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 53,160,968 62,003,175
Level 3 | Senior Secured First Lien Debt | Discounted Cash Flow (Yield Analysis)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 44,636,649 $ 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 0.0757 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 0.1776 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 0.1118 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 $ 184,436 $ 179,615
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 4.25 4.75
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 7.75
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 6.00 6.25
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 | Option Pricing Model | Expected Volatility | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.5000 0.4500
Level 3 | Senior Secured First Lien Debt 1 | Option Pricing Model | Expected Volatility | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.6000 0.5500
Level 3 | Senior Secured First Lien Debt 1 | Option Pricing Model | Expected Volatility | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.6000 0.5500
Level 3 | Senior Secured First Lien Debt 1 | Discounted Cash Flow (Yield Analysis)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 348,717 $ 252,767
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 0.1314 0.1721
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 0.1314 0.1721
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 0.1314 0.1721
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 0.1550 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 0.1750 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 0.1650 0.1600
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 | Option Pricing Model | Expected Volatility | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs   0.45
Level 3 | Senior Secured First Lien Debt 2 | Option Pricing Model | Expected Volatility | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs   0.55
Level 3 | Senior Secured First Lien Debt 2 | Option Pricing Model | Expected Volatility | Weighted Average    
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) | 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 3 | Enterprise Value Waterfall (Market Approach)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 1,947,602 $ 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 6 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 9 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 7.1 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 Loans-Second Lien    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 2,557,387 $ 2,500,000
Level 3 | Senior Secured Loans-Second Lien | Enterprise Value Waterfall (Market Approach)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 2,557,387 2,500,000
Level 3 | Senior Secured Loans-Second Lien | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 6.00  
Level 3 | Senior Secured Loans-Second Lien | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 7.00  
Level 3 | Senior Secured Loans-Second Lien | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 6.00  
Level 3 | Common Equity/Other    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 2,487,602 2,061,100
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 0  
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.28  
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.48  
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.38  
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | EBITDA multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 2,487,602 $ 1,961,100
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 4.00
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 9.25 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 7.60 7.22
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/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 $ 828,866 $ 501,010
Level 3 | Preferred Equity | Enterprise Value Waterfall (Market Approach)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 296,876 $ 178,802
Level 3 | Preferred Equity | Option Pricing Model | Expected Volatility | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.6000 0.5500
Level 3 | Preferred Equity | Option Pricing Model | Expected Volatility | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.7000 0.7000
Level 3 | Preferred Equity | Option Pricing Model | Expected Volatility | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.6630 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 5.50 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 7.25 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 6.7 4.9
Level 3 | Preferred Equity | Enterprise Value Waterfall (Market Approach)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 531,989 $ 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 0.0425 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 0.0775 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 0.065 0.0635
Level 3 | Subordinated Structured Notes    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 169,710 $ 709,261
Level 3 | Subordinated Structured Notes | Discounted Cash Flow (Yield Analysis)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 169,710 $ 709,261
Level 3 | Subordinated Structured Notes | Discounted Cash Flow (Yield Analysis) | Discount rate | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.1212 0.1521
Level 3 | Subordinated Structured Notes | Discounted Cash Flow (Yield Analysis) | Discount rate | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.1285 0.1732
Level 3 | Subordinated Structured Notes | Discounted Cash Flow (Yield Analysis) | Discount rate | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs 0.1241 0.1661
[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).