v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INVESTMENT INCOME    
Payment-in-kind interest income $ 1,674,387 $ 976,479
Total Investment Income 23,292,934 24,951,658
OPERATING EXPENSES    
Management fees 4,392,357 4,054,726
Valuation fees 166,119 157,889
Administrative services expenses 649,120 449,298
Income incentive fees 106,709 2,136,491
Professional fees 817,727 418,031
Directors' fees 129,250 111,250
Insurance expense 93,056 97,090
Interest expense and other fees 8,851,541 8,263,019
Income tax expense 360,471 499,547
Other general and administrative expenses 239,617 218,351
Total Operating Expenses 15,805,967 16,405,692
Income incentive fee waiver (11,061) (1,242,843)
Total Operating Expenses, net of fee waivers 15,794,906 15,162,849
Net Investment Income 7,498,028 9,788,809
Net realized gain (loss) on foreign currency translations 3,664 (29,655)
Net change in unrealized (depreciation) appreciation on investments (6,548,346) 1,193,293
Net change in unrealized appreciation (depreciation) on foreign currency translations (48,020) 8,319
Net Increase in Net Assets Resulting from Operations $ 1,655,736 $ 4,993,545
Net Investment Income Per Share - basic $ 0.26 $ 0.35
Net Investment Income Per Share - diluted 0.26 0.35
Net Increase in Net Assets Resulting from Operations Per Share Basic (in dollars per share) 0.06 0.18
Net Increase in Net Assets Resulting from Operations Per Share Diluted (in dollars per share) $ 0.06 $ 0.18
Weighted Average Shares of Common Stock Outstanding Basic 28,947,254 27,602,612
Weighted Average Shares of Common Stock Outstanding Diluted 28,947,254 27,602,612
Distributions Per Share-basic and diluted $ 0.34 $ 0.4
Controlled investments    
OPERATING EXPENSES    
Net change in unrealized (depreciation) appreciation on investments $ (3,545,377) $ 55,276
Non-controlled/affiliated    
INVESTMENT INCOME    
Interest income 45  
Payment-in-kind interest income 72,300  
OPERATING EXPENSES    
Net change in unrealized (depreciation) appreciation on investments (444,624)  
Non-controlled/Unaffiliated    
INVESTMENT INCOME    
Interest income 20,578,575 20,817,005
Payment-in-kind interest income 1,602,087 3,310,111
Other income 1,039,927 824,542
OPERATING EXPENSES    
Net realized gain (loss) on investments 750,410 (5,967,221)
Net change in unrealized (depreciation) appreciation on investments $ (2,558,345) $ 1,138,017