| Schedule of Carrying Values and Estimated Fair Values of Debt Instruments |
Outstanding principal balances of Long-term debt comprises of the following: | | | | | | | | | | | | | | | | Maturity Date | March 31, 2026 | | December 31, 2025 | | | | | | | | | | | | Secured borrowing: | | | | | | Senior Secured Credit Facility | December 10, 2030 | 148,500,000 | | | 148,875,000 | | | Deferred issuance costs and discounts | | (3,509,434) | | | (3,655,384) | | | Secured borrowing, at fair value: | | | | | | LMA Income Series II, LP | June 30, 2027 | 38,156,705 | | | 114,890,540 | | | Deferred issuance costs | | — | | | (466,540) | | | Unsecured borrowing: | | | | |
| | | | | | | | | | | | | | | | Maturity Date | March 31, 2026 | | December 31, 2025 | | | | | | | Fixed Rate Senior Unsecured Notes | November 15, 2028 | 135,379,475 | | | 135,379,475 | | | Sponsor PIK Note | July 5, 2028 | 14,541,873 | | | 14,114,199 | | | Deferred issuance costs and discounts | | (3,067,520) | | | (3,318,699) | | | Total debt | | 330,001,099 | | | 405,818,591 | | | Less current portion of long-term debt | | (1,500,000) | | | (115,924,000) | | | Total long-term debt | | $ | 328,501,099 | | | $ | 289,894,591 | |
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| Schedule of Maturities of Long-Term Debt |
Maturities of long-term debt (secured and unsecured) outstanding, including current maturities, excluding unamortized debt issuance costs, as of March 31, 2026 are as follows: | | | | | | | | | | Years | | Amount | | 2026 remaining | | $ | 1,125,000 | | | 2027 | | 39,656,705 | | | 2028 | | 151,421,348 | | | 2029 | | 1,500,000 | | | 2030 | | 142,875,000 | | | | | | Total | | $ | 336,578,053 | |
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