Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Investment income | ||||||
| PIK interest income | $ 2,457,938 | $ 3,044,897 | ||||
| Total investment income | $ 31,718,014 | $ 26,451,572 | 63,260,769 | 53,689,498 | ||
| Expenses: | ||||||
| Interest and financing expenses | [1] | 8,014,353 | 7,022,807 | 16,617,568 | 14,274,818 | |
| Management fee (Note 3) | 1,999,058 | 1,466,705 | 3,925,173 | 2,496,375 | ||
| Income incentive fee (Note 3) | 2,486,200 | 2,133,102 | 4,904,063 | 4,719,363 | ||
| Incentive compensation clawback (Note 3) | (0) | (741,019) | (0) | (1,522,386) | ||
| Professional fees | 697,832 | 1,119,633 | 1,417,659 | 1,667,158 | ||
| Administration fees | 613,844 | 548,271 | 1,372,045 | 953,564 | ||
| Trustee Fees | 65,625 | 88,699 | 131,250 | 175,000 | ||
| Other general and administrative expenses | 601,502 | 476,682 | 1,095,972 | 946,869 | ||
| Total expenses | 14,478,414 | 12,114,880 | 29,463,730 | 23,710,761 | ||
| Management fee waiver (Note 3) | (399,812) | (224,696) | (785,035) | (224,696) | ||
| Net expenses | 14,078,602 | 11,890,184 | 28,678,695 | 23,486,065 | ||
| Net investment income | 17,639,412 | 14,561,388 | 34,582,074 | 30,203,433 | ||
| Net gain (loss): | ||||||
| Net realized gains (losses) | (4,128,384) | (11,236,508) | ||||
| Gain (loss) on sale of derivatives | 1,563,570 | (1,609,921) | 2,169,106 | (2,173,455) | ||
| Total net realized gain (loss) | 1,945,666 | (10,973,406) | (2,039,503) | (13,236,344) | ||
| Net change in unrealized appreciation (depreciation): | ||||||
| Unrealized gain loss on investments | (18,145,733) | 1,240,506 | ||||
| Unrealized gain loss on derivatives | (298,147) | (597,668) | 251,932 | (1,186,714) | ||
| Total net change in unrealized appreciation (depreciation) | (9,823,685) | 3,284,100 | (17,799,464) | 132,193 | ||
| Net gain (loss) | (7,878,019) | (7,689,306) | (19,838,967) | (13,104,151) | ||
| Net increase (decrease) in net assets resulting from operations | $ 9,761,393 | $ 6,872,082 | $ 14,743,107 | $ 17,099,282 | ||
| Net investment income per share, Basic | $ 0.77 | $ 0.79 | $ 1.54 | $ 1.63 | ||
| Net investment income per share, Diluted | 0.77 | 0.79 | 1.54 | 1.63 | ||
| Earnings per share, Basic | 0.42 | 0.37 | 0.66 | 0.92 | ||
| Earnings per share, Diluted | $ 0.42 | $ 0.37 | $ 0.66 | $ 0.92 | ||
| Basic weighted average shares outstanding | 23,029,894 | 18,536,287 | 22,457,845 | 18,500,904 | ||
| Diluted weighted average shares outstanding | 23,029,894 | 18,536,287 | 22,457,845 | 18,500,904 | ||
| Translation of Assets And Liabilities in Foreign Currencies | ||||||
| Net change in unrealized appreciation (depreciation): | ||||||
| Unrealized foreign currency transactions | $ 136,359 | $ (8,040) | $ 94,337 | $ 78,401 | ||
| Foreign Currency Transactions | ||||||
| Net gain (loss): | ||||||
| Foreign currency transactions | (56,576) | 155,774 | (80,225) | 173,619 | ||
| Foreign Currency Forward Contracts | ||||||
| Net gain (loss): | ||||||
| Gain (loss) on sale of derivatives | 1,785,810 | (1,614,978) | 2,363,057 | (2,183,731) | ||
| Net change in unrealized appreciation (depreciation): | ||||||
| Unrealized gain loss on derivatives | (586,999) | (546,035) | (142,432) | (932,058) | ||
| Interest Rate Swaps | ||||||
| Net gain (loss): | ||||||
| Gain (loss) on sale of derivatives | (222,240) | 5,057 | (193,951) | 10,276 | ||
| Net change in unrealized appreciation (depreciation): | ||||||
| Unrealized gain loss on derivatives | 288,852 | (51,633) | 394,364 | (254,656) | ||
| Non-controlled, non-affiliated investments [Member] | ||||||
| Investment income | ||||||
| Interest income (excluding PIK interest) | 30,094,027 | 24,501,747 | 59,781,006 | 50,008,865 | ||
| PIK interest income | 949,964 | 1,354,905 | 1,711,679 | 2,511,006 | ||
| Dividend Income | 80,165 | 0 | 80,165 | 0 | ||
| Other income | 14,820 | 11,251 | 683,910 | 30,094 | ||
| Net gain (loss): | ||||||
| Net realized gains (losses) | 438,672 | (9,642,346) | (4,128,384) | (11,450,247) | ||
| Net change in unrealized appreciation (depreciation): | ||||||
| Unrealized gain loss on investments | (10,260,024) | 3,160,710 | (21,392,486) | 1,742,695 | ||
| Non-Controlled/Affiliated Investments | ||||||
| Investment income | ||||||
| Interest income (excluding PIK interest) | 37,730 | 98,814 | 71,756 | 284,789 | ||
| PIK interest income | 423,131 | 335,343 | 685,616 | 480,557 | ||
| Net gain (loss): | ||||||
| Net realized gains (losses) | 0 | 123,087 | 0 | 213,739 | ||
| Net change in unrealized appreciation (depreciation): | ||||||
| Unrealized gain loss on investments | 666,588 | 2,800,616 | 4,653,773 | 2,891,995 | ||
| Controlled Investments | ||||||
| Investment income | ||||||
| Interest income (excluding PIK interest) | 87,044 | 122,249 | 185,994 | 320,853 | ||
| PIK interest income | 31,133 | 27,263 | 60,643 | 53,334 | ||
| Net change in unrealized appreciation (depreciation): | ||||||
| Unrealized gain loss on investments | $ (68,461) | $ (2,071,518) | $ (1,407,020) | $ (3,394,184) | ||
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- Definition Incentive compensation clawbacks No definition available.
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- Definition Management Fee Waiver No definition available.
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- Definition Net investment income per share, Basic No definition available.
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- Definition Net investment income per share, Diluted No definition available.
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- Definition Amount of expense for administrative fee from service provided, including, but not limited to, salary, rent, or overhead cost. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of operating dividend income on securities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of realized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, before tax, of unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The difference between the book value and the sale price of options, swaps, futures, forward contracts, and other derivative instruments. This element refers to the gain (loss) included in earnings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, before investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for income-based incentive fee for performance under arrangement to manage operation, including, but not limited to, managing investment. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income from investment paid in kind, classified as operating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after reimbursement and fee waiver, of expense for generation of investment income classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of expense for investment management fee, including, but not limited to, expense in connection with research, selection, supervision, and custody of investment. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of general and administrative expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after tax, of realized and unrealized gain (loss) on investment, derivative, and foreign currency transaction on investment and derivative from change in market price, classified as operating. Investment includes, but is not limited to, debt and equity securities, security sold short, real estate, and commodity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after tax, of realized gain (loss) on investment, derivative, and foreign currency transaction on investment and derivative from change in market price, classified as operating. Investment includes, but is not limited to, debt and equity securities, security sold short, real estate, and commodity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of realized gain (loss) on investment. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Fees charged annually for the professional services of a trustee, usually quoted as a percentage of the funds being managed. The fee for appointing an offshore Trustee is included in the trust price. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after tax, of unrealized gain (loss) on investment, derivative, and foreign currency transaction on investment and derivative from change in market price, classified as operating. Investment includes, but is not limited to, debt and equity securities, security sold short, real estate, and commodity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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