v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net Income (Loss) $ 14,743,107 $ 17,099,282
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net amortization/accretion of premium/discount on investments (5,122,683) (4,098,039)
Amortization of deferred financing costs and debt issuance costs 973,252 828,071
Payments for purchase of investments (170,356,029) (188,425,770)
Proceeds from sales, paydowns and resolutions of investments 191,024,035 148,929,824
Interest paid-in-kind (2,457,938) (3,044,897)
Net realized (gain) loss from investments 4,128,384 11,236,508
Net change in unrealized (appreciation) depreciation from investments 18,145,733 (1,240,506)
Net change in unrealized (appreciation) depreciation from interest rate swaps (251,932) 1,186,714
Net change in unrealized appreciation (depreciation) on effectively hedged interest rate swaps and debt [1] (15,856) (50,360)
Net (increase) decrease in operating assets and increase (decrease) in operating liabilities    
Receivable for unsettled transactions 3,921,396 10,683,112
Interest receivable (590,661) 248,447
Incentive compensation clawback 0 7,025,114
Due from broker 768,088 (2,127,644)
Other assets 294,245 432,494
Due To broker 0 (1,920,000)
Payable for unsettled transactions (14,984,063) 51,696,039
Interest payable (219,250) (1,500,493)
Management fees payable to an affiliate 92,352 212,339
Income incentive compensation payable to an affiliate (14,926) (721,688)
Interest rate swaps accrual, net (62,022) (61,925)
Other liabilities 142,426 (126,268)
Accrued expenses 110,840 465,601
Net cash provided by (used in) operating activities 40,268,498 46,725,955
Cash flows from financing activities    
Proceeds from debt borrowings 71,900,000 26,292,625
Principal debt payments (117,500,000) (11,974,938)
Payment of deferred financing costs and debt issuance costs 0 (1,059,064)
Issuance of common shares 45,000,000 9,510,031
Dividends paid in cash (15,888,375) (30,264,110)
Payments of other liabilities (3,343,867) 0
Net cash provided by (used in) financing activities (19,832,242) (7,495,456)
Net increase (decrease) 20,436,256 39,230,499
Beginning of period balance 34,058,164 99,176,269
End of period balance 54,494,420 138,406,768
Supplemental cash flow information    
Cash paid during the period for interest 15,941,445 15,059,507
Reinvestment of dividends during the period 16,424,314 0
Dividends payable 5,629,627 0
Foreign Currency Forward Contracts [Member]    
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net change in unrealized (appreciation) depreciation from interest rate swaps 142,432 932,058
Interest Rate Swaps [Member]    
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net change in unrealized (appreciation) depreciation from interest rate swaps $ (394,364) $ 254,656
[1] Refer to “2026 Notes” for details on designated hedge relationship with the interest rate swaps.