| Schedule of Summarizes The Related Party Fees and Expenses |
The following table summarizes the related party fees and expenses incurred by the Company to the Manager, which are included in general administrative expense on the consolidated statements of operations for the years ended December 31, 2025 and 2024
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|
|
|
|
|
|
|
For the year ended December 31, |
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|
|
2025 |
|
|
2024 |
|
Affiliate Payments |
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|
|
|
|
|
Management fees earned |
|
$ |
4,770,200 |
|
|
$ |
4,437,447 |
|
Less: Outside Fees earned |
|
|
(284,887 |
) |
|
|
(299,046 |
) |
Base management fees, net |
|
|
4,485,313 |
|
|
|
4,138,401 |
|
Incentive fees |
|
|
3,716,823 |
|
|
|
3,923,495 |
|
Total management and incentive fees earned |
|
|
8,202,136 |
|
|
|
8,061,896 |
|
General and administrative expenses reimbursable to Manager |
|
|
4,930,489 |
|
|
|
4,821,373 |
|
Total |
|
$ |
13,132,625 |
|
|
$ |
12,883,269 |
|
|
| Schedule of Summarizes The Related Party Transactions Payable |
The following table presents amounts payable to the Manager as of December 31, 2025 and 2024:
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December 31, 2025 |
|
|
December 31, 2024 |
|
Management fees payable |
|
$ |
1,034,149 |
|
|
$ |
925,671 |
|
Incentive fees payable |
|
|
2,064,427 |
|
|
|
1,937,487 |
|
Management and incentive fees payable |
|
|
3,098,576 |
|
|
|
2,863,158 |
|
General and administrative expenses reimbursable to Manager |
|
|
2,214,920 |
|
|
|
2,043,403 |
|
Total |
|
$ |
5,313,496 |
|
|
$ |
4,906,561 |
|
|