v3.26.1
Consolidated Statements of Operations - USD ($)
 6 Months Ended 12 Months Ended
Dec. 31, 2024
Dec. 31, 2025
Jun. 30, 2024
Jun. 30, 2023
Investment Income:        
Total interest income $ 8,684,559 $ 14,606,227 $ 20,284,227 $ 23,801,570
Total payment-in-kind interest income 2,371,478 1,492,514 2,106,424 1,320,239
Total dividend income 0 81,607 54,138 101,755
Total payment-in-kind dividend income 432,669 452,742 784,854 691,972
Total other fee income 134,051 636,626 648,659 768,617
Other income 0 126,519 0 0
Total investment income 11,622,757 17,396,235 23,878,302 26,684,153
Expenses:        
Interest expense 3,752,412 7,605,454 8,606,309 8,413,409
Base management fees 1,671,831 3,465,211 3,800,693 4,201,394
Income-based incentive fees 501,540 (150,384) (72,942) 401,597
Professional fees 718,289 1,210,014 1,239,122 984,290
Allocation of administrative costs from Adviser 382,064 978,448 1,360,194 966,045
Amortization of deferred debt issuance costs 306,004 615,294 576,475 693,333
Amortization of original issue discount - 2026 Notes 35,555 71,110 71,110 71,110
Insurance expense 255,536 497,149 479,502 506,963
Directors' fees 175,852 307,500 294,907 302,500
Custodian and administrator fees 147,986 294,256 316,128 292,267
Other expenses 346,109 498,948 713,789 516,160
Total expenses 8,293,178 15,393,000 17,385,287 17,349,068
Waiver of base management fees (131,735) (349,320) (365,225) (387,311)
Waiver of income-based incentive fees 0 0 0 0
Net expenses 8,161,443 15,043,680 17,020,062 16,961,757
Net investment income before taxes 3,461,314 2,352,555 6,858,240 9,722,396
Income tax expense, including excise tax expense 315,075 447,781 267,150 294,330
Net investment income after taxes 3,146,239 1,904,774 6,591,090 9,428,066
Net realized and unrealized gain/(loss) on investments:        
Net realized gain (loss) from investments (8,114,711) (1,849,766) (13,971,537) (26,890,095)
Net change in unrealized appreciation (depreciation) in value of investments        
Net change in unrealized appreciation (depreciation) on investments 11,010,561 (8,902,948) 3,287,977 20,696,532
Total realized gain (loss) and change in unrealized appreciation (depreciation) on investments 2,895,850 (10,752,714) (10,683,560) (6,193,563)
Net increase (decrease) in net assets resulting from operations $ 6,042,089 $ (8,847,940) $ (4,092,470) $ 3,234,503
Earnings per Common Share - Basic $ 0.42 $ (0.61) $ (0.28) $ 0.22
Earnings per Common Share - Diluted $ 0.42 $ (0.61) $ (0.28) $ 0.22
Weighted average shares of common stock outstanding - Basic 14,404,510 14,421,798 14,396,201 14,389,163
Weighted average shares of common stock outstanding - Diluted 14,404,510 14,421,798 14,396,201 14,389,163
Distributions paid per common share $ 0.24 $ 0.52 $ 0.6 $ 0.63
Investment, Unaffiliated Issuer [Member]        
Investment Income:        
Total interest income $ 8,680,899 $ 14,562,641 $ 20,271,776 $ 23,822,181
Total payment-in-kind interest income 2,329,399 874,311 2,028,744 1,250,169
Total dividend income 0 81,607 54,138 101,755
Total payment-in-kind dividend income 432,669 452,742 784,854 691,972
Total other fee income 134,051 636,626 648,659 768,617
Net realized and unrealized gain/(loss) on investments:        
Net realized gain (loss) from investments (8,114,711) (1,849,766) (7,731,553) (26,890,095)
Net change in unrealized appreciation (depreciation) in value of investments        
Net change in unrealized appreciation (depreciation) on investments 11,819,426 (8,706,047) 1,797,807 21,966,347
Investment, Affiliated Issuer, Noncontrolled [Member]        
Investment Income:        
Total interest income 3,660 43,586 12,451 (20,611)
Total payment-in-kind interest income 42,079 618,203 77,680 70,070
Total dividend income 0 0 0 0
Total payment-in-kind dividend income 0 0 0 0
Total other fee income 0 0 0 0
Net realized and unrealized gain/(loss) on investments:        
Net realized gain (loss) from investments 0 0 6,239,984 0
Net change in unrealized appreciation (depreciation) in value of investments        
Net change in unrealized appreciation (depreciation) on investments $ (808,865) $ (196,901) $ 1,490,170 $ (1,269,815)