| SCHEDULE OF QUARTERLY FINANCIAL DATA |
SCHEDULE
OF QUARTERLY FINANCIAL DATA
| | |
| | |
| | |
| | |
| |
| | |
Quarter Ended | |
| | |
December 31,
2025 | | |
September 30,
2025 | | |
June 30, 2025 | | |
March 31, 2025 | |
| Total Investment Income | |
$ | 560,631 | | |
$ | 459,269 | | |
$ | 167,304 | | |
$ | 499,094 | |
| Total Operating Expenses | |
| 6,230,531 | | |
| 3,914,084 | | |
| 3,889,464 | | |
| 4,160,863 | |
| Net Investment Loss | |
| (5,669,900 | ) | |
| (3,454,815 | ) | |
| (3,722,160 | ) | |
| (3,661,769 | ) |
| Net Realized Gain/(Loss) on Investments | |
| 6,832,098 | | |
| 5,196,799 | | |
| 21,212,611 | | |
| (17,951 | ) |
| Loss on Extinguishment of Debt | |
| (5,342 | ) | |
| — | | |
| — | | |
| (15,873 | ) |
| Net Change in Unrealized Appreciation/(Depreciation) of Investments | |
| (21,286,968 | ) | |
| 5,675,109 | | |
| 44,837,619 | | |
| 2,888,878 | |
| Net Increase/(Decrease) in Net Assets Resulting from Operations | |
$ | (20,130,112 | ) | |
$ | 7,417,093 | | |
$ | 62,328,070 | | |
$ | (806,715 | ) |
| Net Increase/(Decrease) in Net Assets from Operations per Common Share: | |
| | | |
| | | |
| | | |
| | |
| Basic | |
$ | (0.80 | ) | |
$ | 0.30 | | |
$ | 2.63 | | |
$ | (0.03 | ) |
| Diluted | |
$ | (0.80 | ) | |
$ | 0.28 | | |
$ | 2.23 | | |
$ | (0.03 | ) |
| Weighted Average Common Shares Outstanding–Basic | |
| 25,212,863 | | |
| 24,371,533 | | |
| 23,728,095 | | |
| 23,571,840 | |
| Weighted Average Common Shares Outstanding–Diluted | |
| 25,212,863 | | |
| 28,989,579 | | |
| 28,244,225 | | |
| 23,571,840 | |
| | |
| | |
| | |
| | |
| |
| | |
Quarter Ended | |
| | |
December 31, 2024 | | |
September 30, 2024 | | |
June 30, 2024 | | |
March 31, 2024 | |
| Total Investment Income | |
$ | 1,229,266 | | |
$ | 888,717 | | |
$ | 1,027,353 | | |
$ | 1,528,091 | |
| Total Operating Expenses | |
| 5,094,153 | | |
| 4,096,590 | | |
| 4,682,978 | | |
| 4,750,993 | |
| Net Investment Loss | |
| (3,864,887 | ) | |
| (3,207,873 | ) | |
| (3,655,625 | ) | |
| (3,222,902 | ) |
| Net Realized Gain/(Loss) on Investments | |
| 9,146,884 | | |
| (13,713,512 | ) | |
| (29,612 | ) | |
| (424,074 | ) |
| Loss on Extinguishment of Debt | |
| (38,424 | ) | |
| (145,244 | ) | |
| — | | |
| — | |
| Net Change in Unrealized Appreciation/(Depreciation) of Investments | |
| (5,199,046 | ) | |
| 11,614,384 | | |
| (6,965,946 | ) | |
| (18,418,370 | ) |
| Net Increase/(Decrease) in Net Assets Resulting from Operations | |
$ | 44,527 | | |
$ | (5,452,245 | ) | |
$ | (10,651,183 | ) | |
$ | (22,065,346 | ) |
| Net Increase/(Decrease) in Net Assets from Operations per Common Share: | |
| | | |
| | | |
| | | |
| | |
| Basic | |
$ | — | | |
$ | (0.23 | ) | |
$ | (0.45 | ) | |
$ | (0.87 | ) |
| Diluted | |
$ | — | | |
$ | (0.23 | ) | |
$ | (0.45 | ) | |
$ | (0.87 | ) |
| Weighted Average Common Shares Outstanding–Basic | |
| 23,436,365 | | |
| 23,378,002 | | |
| 23,410,235 | | |
| 25,393,490 | |
| Weighted Average Common Shares Outstanding–Diluted | |
| 23,436,365 | | |
| 23,378,002 | | |
| 23,410,235 | | |
| 25,393,490 | |
| | |
| | |
| | |
| | |
| |
| | |
Quarter Ended | |
| | |
December 31, 2023 | | |
September 30, 2023 | | |
June 30, 2023 | | |
March 31, 2023 | |
| Total Investment Income | |
$ | 2,459,734 | | |
$ | 1,465,746 | | |
$ | 1,372,218 | | |
$ | 1,299,082 | |
| Total Operating Expenses | |
| 5,203,812 | | |
| 4,134,172 | | |
| 5,177,558 | | |
| 5,520,847 | |
| Net Investment Loss | |
| (2,744,078 | ) | |
| (2,668,426 | ) | |
| (3,805,340 | ) | |
| (4,221,765 | ) |
| Net Realized Gain/(Loss) on Investments | |
| 2,594,633 | | |
| (1,461,281 | ) | |
| (13,270,199 | ) | |
| 189,343 | |
| Net Change in Unrealized Appreciation/(Depreciation) of Investments | |
| (8,973,578 | ) | |
| 29,323,067 | | |
| 1,455,515 | | |
| 8,648,931 | |
| Net Increase/(Decrease) in Net Assets Resulting from Operations | |
$ | (9,123,023 | ) | |
$ | 25,193,360 | | |
$ | (15,620,024 | ) | |
$ | 4,616,509 | |
| Net Increase/(Decrease) in Net Assets from Operations per Common Share: | |
| | | |
| | | |
| | | |
| | |
| Basic | |
$ | (0.36 | ) | |
$ | 0.99 | | |
$ | (0.60 | ) | |
$ | 0.16 | |
| Diluted | |
$ | (0.36 | ) | |
$ | 0.99 | | |
$ | (0.60 | ) | |
$ | 0.16 | |
| Weighted Average Common Shares Outstanding–Basic | |
| 25,251,921 | | |
| 25,351,306 | | |
| 25,952,447 | | |
| 28,378,529 | |
| Weighted Average Common Shares Outstanding–Diluted | |
| 25,251,921 | | |
| 25,351,306 | | |
| 25,952,447 | | |
| 28,378,529 | |
|