v3.26.1
Investments (Additional Information) (Details)
 3 Months Ended 12 Months Ended
Dec. 31, 2025
USD ($)
Item
Dec. 31, 2024
USD ($)
Item
Dec. 31, 2023
USD ($)
Item
Dec. 31, 2025
USD ($)
Item
Dec. 31, 2024
USD ($)
Item
Investments          
Investments fair value $ 407,509,401 $ 410,031,275   $ 407,509,401 $ 410,031,275
Transfers into Level 3       39,519,409 16,519,509
Transferred out of Level 3       2,419,369 23,307,951
Change in unrealized value attributable to investments still held       $ (4,174,760) $ (5,795,487)
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]       Debt and Equity Securities, Gain (Loss) Debt and Equity Securities, Gain (Loss)
Number of Investments with Aggregate Fair Value | Item 330 289 246 330 289
Market Value $ 407,509,401 [1],[2],[3],[4],[5],[6],[7],[8] $ 410,031,275 [9],[10],[11],[12],[13],[14],[15]   $ 407,509,401 [1],[2],[3],[4],[5],[6],[7],[8] $ 410,031,275 [9],[10],[11],[12],[13],[14],[15]
Number of new investments | Item       131 120
Amount of investments in new investments       $ 69,991,371 $ 74,623,860
Amount of investments in existing investments       29,815,992 34,219,421
Proceeds from Repayments of Investments       93,080,214 63,131,474
Amount received from repayments from investments sold       $ 3,442,917 $ 19,912,490
Investments in number of portfolio companies | Item       268 244
Investments in number of states | Item       41 39
Investments In Number Of Different nr Industries | Item       26 26
Number of largest investments | Item         5
Fair value of largest investments 24,608,687 25,730,062   $ 24,608,687 $ 25,730,062
Largest investments, percentage on total portfolio investments'       6.04% 6.28%
Average Investment at Cost [16] 1,273,903 1,442,816 $ 1,587,282 $ 1,273,903 $ 1,442,816
Other Investment Not Readily Marketable, Quoted Value 1,953,399     1,953,399  
Unobservable inputs          
Investments          
Investments fair value 329,667,609 285,194,721   329,667,609 285,194,721
Level 2          
Investments          
Investments fair value 77,841,792 124,836,554   77,841,792 124,836,554
Observable inputs          
Investments          
Investments fair value $ 79,557,509 $ 124,836,554   $ 79,557,509 $ 124,836,554
[1] All companies are located in the United States of America, unless otherwise noted.
[2] All investments acquired in transactions are exempt from registration under the Securities Act of 1933 (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act.
[3] All investments are qualifying assets under Section 55(a) of the Investment Company Act of 1940, as amended (the "1940 Act") unless otherwise noted.
[4] All loans are income-producing, unless otherwise noted.
[5] As defined in 1940 Act, the Company is not deemed to be an “Affiliated Person” of or “Control” this portfolio company because it neither owns 5% or more of the portfolio company’s outstanding voting securities nor has the power to exercise control over the management or policies of such portfolio company (including through a management agreement).
[6] At December 31, 2025, the cost of investments for income tax purposes was $420,039,897, the gross unrealized depreciation for federal tax purposes was $18,605,180, the gross unrealized appreciation for federal income tax purposes was $6,074,684, and the net unrealized depreciation was $12,530,496.
[7] Interest rate percentages represent actual interest rates as of December 31, 2025, which are indexed to the noted reference rate. The referenced rates are subject to interest floors which can vary based on contractual agreements with the borrower.
[8] Unless indicated otherwise, all of our investments are valued using Level 3 inputs within the FASB Accounting Standard Codification (“ASC”) Topic 820, “Fair Value Measurements and Disclosures” (“ASC 820”) fair value hierarchy. Refer to Note 3 – Investments in the accompanying Notes to Consolidated Financial Statements for additional information.
[9] All companies are located in the United States of America, unless otherwise noted.
[10] All investments acquired in transactions are exempt from registration under the Securities Act of 1933 (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act.
[11] All investments are qualifying assets under Section 55(a) of the Investment Company Act of 1940, as amended (the "1940 Act") unless otherwise noted.
[12] All loans are income-producing, unless otherwise noted.
[13] At December 31, 2024, the cost of investments for income tax purposes was $416,783,126, the gross unrealized depreciation for federal tax purposes was $12,102,270, the gross unrealized appreciation for federal income tax purposes was $5,350,419, and the net unrealized depreciation was $6,751,851.
[14] Interest rate percentages represent actual interest rates as of December 31, 2024, which are indexed to the noted reference rate. The referenced rates are subject to interest floors which can vary based on contractual agreements with the borrower.
[15] Unless indicated otherwise, all of our investments are valued using Level 3 inputs within the FASB Accounting Standard Codification (“ASC”) Topic 820, “Fair Value Measurements and Disclosures” (“ASC 820”) fair value hierarchy. Refer to Note 3 – Investments in the accompanying Notes to Financial Statements for additional information.
[16] Based on cost of investments.