v3.26.1
Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net increase in net assets resulting from operations $ 25,767,550 $ 31,609,473 $ 34,292,798
Adjustments to reconcile net increase in net assets from operations to net cash provided by (used in) operating activities:      
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)
Accretion of original issue discount interest and payment-in-kind interest (2,101,461) (1,610,882) (924,561)
Decrease (increase) in interest receivable 452,063 (364,186) (80,964)
Increase (decrease) increase in accrued expenses and other liabilities 229,516 (143,054) (215,050)
(Decrease) increase in fees due to investment advisor [1] (208,851) (87,484) 146,623
Investments purchased (96,564,259) (106,477,839) (68,836,378)
Proceeds from investments sold 3,774,430 22,301,772 45,575,773
Repayment of bank loans 87,678,013 63,046,866 59,990,602
Net cash provided by operating activities 26,934,568 12,848,158 71,881,925
Cash flows from financing activities:      
Issuance of shares of common stock 0 103,000,000 30,000,000
Repurchases of shares of common stock 0 (80,000,000) (47,515,735)
Distributions paid to common stockholders (33,854,607) (37,051,346) (36,170,463)
Repayments of short-term borrowings [2] 0 0 (13,178,611)
Net cash used in financing activities (33,854,607) (14,051,346) (66,864,809)
Net (decrease) increase in cash and cash equivalents (6,920,039) (1,203,188) 5,017,116
Cash and cash equivalents, beginning of period 19,737,091 20,940,279 15,923,163
Cash and cash equivalents, end of period 12,817,052 19,737,091 20,940,279
Supplemental cash flow information Interest paid on short-term financing 0 0 578,108
Supplemental non-cash information Issuance of common shares in connection with dividend reinvestment plan 124 127 119
Supplemental non-cash information Payment-in-kind ("PIK") interest income $ 1,130,200 $ 745,497 $ 193,851
[1] Refer to Note 4-Related Party Transactions for additional information
[2] Refer to Note 8-Borrowings for additional information