v3.26.1
Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Reclassified for Book Purposes Amounts Arising from Permanent Book or Tax Differences Related to the Different Tax Treatment of Paydown Gains and Losses During the periods ended December 31, 2025, December 31, 2024, June 30, 2024 and June 30, 2023, the Company reclassified for book purposes amounts arising from permanent book/tax differences related to prior year under distribution of ordinary income and nondeductible taxes paid as follows:

 

 

As of December 31,

 

As of June 30,

 

2025

 

2024

 

2024

 

2023

Additional paid-in capital

 

$(447,781)

 

$395,188

 

$(264,652)

 

$(284,155)

Distributable earnings

 

447,781

 

(395,188)

 

264,652

 

284,155

Schedule of Distributable Earnings on Tax Basis

At December 31, 2025, December 31, 2024, June 30, 2024 and June 30, 2023, the components of distributable earnings/(loss) on a tax basis are as follows:

 

 

As of December 31,

 

As of June 30,

 

 

2025

 

2024

 

2024

 

2023

Undistributed net investment income

 

$2,762,312

 

$7,434,221

 

$7,476,383

 

$11,648,379

Accumulated capital gains (losses) and other

 

(929,942)

 

(996,499)

 

(14,786,107)

 

(27,970,779)

Capital loss carryover

 

(125,428,982)

 

(123,567,107)

 

(101,070,039)

 

(73,713,555)

Unrealized appreciation (depreciation)

 

(18,220,790)

 

(8,788,371)

 

(19,727,695)

 

(23,015,323)

Distributions payable

 

 

 

 

(2,590,520)

Distributable earnings (loss)

 

$(141,817,402)

 

$(125,917,756)

 

$(128,107,458)

 

$(115,641,798)