v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Non-controlled, non-affiliated investments:        
Total interest income $ 4,132,144 $ 3,847,954 $ 8,002,038 $ 7,783,515
Dividend income        
Total dividend income 853,004 2,070,584 3,400,146 4,208,727
Interest from cash and cash equivalents 48,871 45,812 104,237 104,753
Fee income (see Note 9) 164,374 29,673 352,207 40,737
Other income 25,000 97,774
Total Investment Income 5,198,393 6,019,023 11,858,628 12,235,506
Expenses:        
Interest and financing expenses 2,308,578 2,578,963 4,740,913 5,124,774
Salaries and benefits 1,016,836 1,185,054 1,986,009 2,213,671
Professional fees, net 410,332 577,965 800,272 995,978
General and administrative expenses 362,493 307,739 722,978 529,532
Directors fees 169,428 204,000 373,428 408,000
Administrator expenses (see Note 6) 109,223 112,829 211,284 197,184
Insurance expenses 73,990 86,498 149,624 174,919
Total expenses 4,450,880 5,053,048 8,984,508 9,644,058
Net Investment Income 747,513 965,975 2,874,120 2,591,448
Net realized gains (losses):        
Total net realized gains (losses) (1,118,586) (1,065,013) (424,982) 103,657
Net change in unrealized gains (losses):        
Total net change in unrealized gains (losses) 1,669,856 (467,459) (5,484,788) (797,445)
Deferred tax benefit (expense) (166,015) (329,636) (589,444) (329,636)
Loss on Extinguishment of Debt (see Note 5) (12,314)
Total realized and unrealized gains (losses) 385,255 (1,862,108) (6,511,528) (1,023,424)
Net Increase (Decrease) in Net Assets Resulting from Operations $ 1,132,768 $ (896,133) $ (3,637,408) $ 1,568,024
Weighted average basic earnings per common share (in Dollars per share) $ 0.57 $ (0.44) $ (1.83) $ 0.78
Weighted average diluted earnings per common share (in Dollars per share) $ 0.57 $ (0.44) $ (1.83) $ 0.78
Weighted average common shares outstanding - basic (in Shares) 1,972,943 2,019,778 1,987,363 2,019,778
Weighted average common shares outstanding - diluted (in Shares) 1,972,943 2,019,778 1,987,363 2,019,778
Non-controlled, non-affiliated investments        
Non-controlled, non-affiliated investments:        
Cash $ 2,242,062 $ 2,957,380 $ 4,800,297 $ 5,950,065
Payment in-kind 250,799 263,784 278,191 618,465
Dividend income        
Total dividend income 428,380 378,232 1,224,247 974,530
Net realized gains (losses):        
Total net realized gains (losses) (1,120,698) (1,065,013) (428,478) 103,657
Net change in unrealized gains (losses):        
Total net change in unrealized gains (losses) 587,985 1,183,172 (4,142,194) 1,991,710
Affiliated investments        
Non-controlled, non-affiliated investments:        
Cash 670,874 1,302,466
Payment in-kind 242,930 449,921
Dividend income        
Total dividend income 268,540 111,736 268,540 254,231
Net realized gains (losses):        
Total net realized gains (losses) 2,112 3,496
Net change in unrealized gains (losses):        
Total net change in unrealized gains (losses) (704,662) (92,367) (1,043,189) (981,553)
Controlled investments        
Non-controlled, non-affiliated investments:        
Cash 725,479 626,790 1,171,163 1,214,985
Payment in-kind
Dividend income        
Total dividend income 156,084 1,580,616 1,907,359 2,979,966
Net realized gains (losses):        
Total net realized gains (losses)
Net change in unrealized gains (losses):        
Total net change in unrealized gains (losses) $ 1,786,533 $ (1,558,264) $ (299,405) $ (1,807,602)