v3.26.1
Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Non-Control/Non-Affiliate      
Interest on cash $ 170,577 $ 401,127 $ 300,230
Total interest income 39,353,141 42,467,284 42,652,998
Non-Control/Non-Affiliate      
Total income 39,595,319 42,701,534 42,963,870
Expenses      
Base management fee [1] 4,284,283 4,214,381 4,272,708
Incentive fee [1] 5,282,552 5,747,461 5,758,363
Interest expense [2] 0 0 446,070
Professional fees 645,658 664,032 535,070
Directors' fees 277,500 285,000 255,000
Administrative fee [1] 265,000 265,000 265,000
Other expenses 408,192 434,563 299,137
Expenses before waivers from investment adviser and administrator 11,163,185 11,610,437 11,831,348
Base management fee waivers [1] (1,499,499) (1,475,033) (1,495,448)
Incentive fee waivers [1] (3,743,484) (3,616,835) (3,597,910)
Total expenses, net of waivers 5,920,202 6,518,569 6,737,990
Net Investment Income 33,675,117 36,182,965 36,225,880
Realized and Unrealized (Loss) Gain on Non-Control/Non-Affiliate Investments      
Net realized loss on investments (1,966,503) (907,842) (5,528,490)
Net change in unrealized (depreciation) appreciation on investments (5,941,064) (3,665,650) 3,595,408
Net realized and unrealized loss on investment (7,907,567) (4,573,492) (1,933,082)
Net increase in net assets resulting from operations $ 25,767,550 $ 31,609,473 $ 34,292,798
Basic and Diluted per Share of Common Stock:      
Net investment income - basic (in dollars per share) $ 0.72 $ 0.78 $ 0.81
Net investment income - diluted (in dollars per share) 0.72 0.78 0.81
Net increase in net assets resulting from operations - basic (in dollars per share) 0.55 0.68 0.77
Net increase in net assets resulting from operations - diluted (in dollars per share) $ 0.55 $ 0.68 $ 0.77
Weighted average shares of common stock outstanding - basic (in shares) 47,020,459 46,205,335 44,518,983
Weighted average shares of common stock outstanding - diluted (in shares) 47,020,459 46,205,335 44,518,983
Non-Control/Non-Affiliate      
Non-Control/Non-Affiliate      
Interest income $ 39,182,564 $ 42,066,157 $ 42,352,768
Interest on cash 170,577 401,127 300,230
Non-Control/Non-Affiliate      
Fee income $ 242,178 $ 234,250 $ 310,872
[1] Refer to Note 4-Related Party Transactions for additional information
[2] Refer to Note 8-Borrowings for additional information