v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Mar. 31, 2026
Mar. 31, 2026
Investment income:    
Interest [1] $ 2,390,000 $ 3,517,000
Other Income [1] 67,000 92,000
Total investment income [1] 2,457,000 3,609,000
Expenses:    
Interest and expense on credit facility [1] 395,000 678,000
Base management Fee [1] 331,000 524,000
Incentive fee [1] 196,000 269,000
Professional Fees [1] 132,000 358,000
Administrative services expenses [1] 116,000 215,000
General and administrative expenses [1] 102,000 120,000
Expenses before provision for taxes [1] 1,272,000 2,164,000
Provision for taxes on net investment income [1] 60,003 84,053
Total expenses [1] 1,332,000 2,248,000
Expenses support from the Investment Adviser (Note 3) [1] (350,000) (693,000)
Base management fee waiver (Note 3) [1] 0 (35,000)
Net expenses [1] 982,000 1,520,000
Net investment income [1] 1,475,000 2,089,000
Realized and unrealized gain (loss) on investments:    
Net change in unrealized appreciation (depreciation) on investments [1] (226,000) (121,000) [2]
Net realized and unrealized gain (loss) on investments [1] (226,000) (121,000)
Net increase (decrease) in net assets resulting from operations [1] $ 1,249,000 $ 1,968,000 [2]
Net increase (decrease) in net assets resulting from operations per common share (See Note 10) [1] $ 0.32 $ 0.67
Net investment income per common share [1] $ 0.37 $ 0.71 [3]
[1] No comparative information has been presented for the three and six months period ended March 31, 2025 as the Company had not commenced investment activity prior to October 1, 2025.
[2]

(1) No comparative information has been presented for the three and six months period ended March 31, 2025 as the Company had not commenced investment activity prior to October 1, 2025.
[3] Based on the weighted average shares outstanding for the six months ended March 31, 2026.