Fair Value of Investments (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value of Investments [Abstract]

Schedule of Company’s Assets Measured at Fair Value

The following tables present information about the Company’s assets measured at fair value as of December 31, 2025 and 2024:

		As of December 31, 2025
		Level 1				Level 2				Level 3				Total
Portfolio Investments
First Lien Loans		$	-			$	-			$	7,589,357			$	7,589,357
Second Lien Loans			-				-				5,787,756				5,787,756
Equity			-				-				884,342				884,342
Total Portfolio Investments			-				-				14,261,455				14,261,455
Total Investments		$	-			$	-			$	14,261,455			$	14,261,455

		As of December 31, 2024
		Level 1				Level 2				Level 3				Total
Portfolio Investments
First Lien Loans		$	-			$	-			$	9,850,963			$	9,850,963
Second Lien Loans			-				-				7,987,797				7,987,797
Equity			-				-				1,379,019				1,379,019
Total Portfolio Investments			-				-				19,217,779				19,217,779
Total Investments		$	-			$	-			$	19,217,779			$	19,217,779

Schedule of Changes in Level 3 Assets Measured at Fair Value

Changes in Level 3 assets measured at fair value for the year ended December 31, 2025 are as follows:

		First Lien Loans				Second Lien Loans				Unsecured Loans				Equity				Total
Fair value at beginning of year		$	9,850,963			$	7,987,797			$	-			$	1,379,019			$	19,217,779
Purchases of investments			55,000				-				-				-				55,000
Change in unrealized loss on investments			(2,316,606	)			(2,200,041	)			-				(494,677	)			(5,011,324	)
Fair value at end of year		$	7,589,357			$	5,787,756			$	-			$	884,342			$	14,261,455
Change in unrealized loss on Level 3 investments still held as of December 31, 2025		$	(2,316,606	)		$	(2,200,041	)		$	-			$	(494,677	)		$	(5,011,324	)

Changes in Level 3 assets measured at fair value for the year ended December 31, 2024 are as follows:

		First Lien Loans				Second Lien Loans				Unsecured Loans				Equity				Total
Fair value at beginning of year		$	12,301,440			$	11,652,480			$	-			$	5,781,033			$	29,734,953
Purchases of investments			80,000				-				-				-				80,000
Sales or repayment of investments			(192,932	)			-				-				-				(192,932	)
Payment-in-kind interest			-				318,417				-				-				318,417
Change in unrealized loss on investments			(1,014,333	)			(3,983,100	)			-				(175,491	)			(5,172,924	)
Realized loss on investments			(1,323,212	)			-				-				(4,226,523	)			(5,549,735	)
Fair value at end of year		$	9,850,963			$	7,987,797			$	-			$	1,379,019			$	19,217,779
Change in unrealized gain (loss) on Level 3 investments still held as of December 31, 2024		$	(2,357,078	)		$	(3,983,100	)		$	-			$	(4,402,014	)		$	(10,742,192	)

Schedule of Quantitative Information Regarding Level 3 Fair Value Measurements

The following table provides quantitative information regarding Level 3 fair value measurements as of December 31, 2025:

Description		Fair Value				Valuation Technique ⁽¹⁾		Unobservable Inputs		Range (Average ⁽²⁾)

First Lien Loans		$	7,454,357			Enterprise Value Coverage		EV / STORE LEVEL EBITDAR		4.00x-4.50x (4.25x)
								Location Value		$1,050,000-$1,250,000 ($1,150,000)
			67,500			Appraisal Value Coverage		Cost Approach		$838,000-$1,077,000 ($958,000)
								Sales Comparison Approach		$928,000-$1,187,000 ($1,058,000)
			67,500			Broker Estimates		Broker Estimate		$972,000-$1,211,000 ($1,092,000)
Total			7,589,357

Second Lien Loans			4,232,961			Enterprise Value Coverage		EV / LTM Revenue		0.27x-0.32x (0.29x)
								EV / PF Revenue		1.20x-1.30x (1.25x)
			1,554,795			Net Orderly Liquidation Value		Total Asset Value Recovery Rate		15%-44% (29%)
Total			5,787,756

Unsecured Loans			-			Enterprise Value Coverage		EV / LTM Revenue		0.27x-0.32x (0.29x)
Total			-

Equity			-			Enterprise Value Coverage		EV / LTM Revenue		0.27x-0.32x (0.29x)
								EV / PF Revenue		1.20x-1.30x (1.25x)
								EV / STORE LEVEL EBITDAR Location Value		4.00x-4.50x (4.25x) $1,050,000-$1,250,000 ($1,150,000)
			-			Net Orderly Liquidation Value		Total Asset Value Recovery Rate		15%-44% (29%)

			442,171			Appraisal Value Coverage		Cost Approach		$838,000-$1,077,000 ($958,000)
								Sales Comparison Approach		$928,000-$1,187,000 ($1,058,000)
			442,171			Broker Estimates		Broker Estimates		$972,000-$1,211,000 (1,092,000)
Total			884,342
Total Level 3 Investments		$	14,261,455

The following table provides quantitative information regarding Level 3 fair value measurements as of December 31, 2024:

Description		Fair Value				Valuation Technique ⁽¹⁾		Unobservable Inputs		Range (Average ⁽²⁾)

First Lien Loans		$	9,770,963			Enterprise Value Coverage		EV / STORE LEVEL EBITDAR		4.75x-5.25x(5.00x)
								Location Value		$1,300,000-$1,500,000 ($1,400,000)
			80,000			Appraisal Value Coverage		Cost Approach		$1,323,000-$1,617,000 ($1,470,000)
								Sales Comparison Approach		$1,395,000-$1,705,000 ($1,550,000)
Total			9,850,963

Second Lien Loans			4,874,360			Enterprise Value Coverage		EV / LTM Revenue		0.37x-0.42x (0.40)
								EV / PF Revenue		1.05x-1.15x (1.10x)
			3,113,437			Net Orderly Liquidation Value		Total Asset Value Recovery Rate		54%-86% (70%)
Total			7,987,797

Unsecured Loans			-			Enterprise Value Coverage		EV / LTM Revenue		0.37x-0.42x (0.40x)
Total			-

Equity			-			Enterprise Value Coverage		EV / LTM Revenue		0.37x-0.42x (0.40x)
								EV / PF Revenue		1.05x-1.15x (1.10x)
								EV / Store level EBITDAR Location Value		4.75x-5.25x (5.00x) $1,300,000-$1,500,000 ($1,400,000)
			-			Net Orderly Liquidation Value		Total Asset Value Recovery Rate		54%-86% (70%)

			1,379,019			Appraisal Value Coverage		Cost Approach		$1,323,000-$1,617,000 ($1,470,000)
								Sales Comparison Approach		$1,395,000-$1,705,000 ($1,550,000)
Total			1,379,019
Total Level 3 Investments		$	19,217,779

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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