Consolidated Statements of Operations (unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|||
| Investment income | ||||||
| Interest income | $ 672,882 | $ 1,164,790 | $ 1,547,712 | $ 2,312,523 | ||
| PIK interest income | 6,734 | 74,763 | 13,487 | 147,968 | ||
| Dividend income | 1,099 | 1,077 | 2,169 | 2,149 | ||
| Fee income | 1,650 | 15,565 | 3,610 | 17,735 | ||
| Total investment income | 682,365 | 1,256,195 | 1,566,978 | 2,480,375 | ||
| Operating expenses | ||||||
| Interest expense | 234,744 | 344,141 | 501,938 | 678,385 | ||
| Base management fees | 70,434 | 111,323 | 156,224 | 226,847 | ||
| Incentive fees | [1] | 0 | 72,492 | 0 | 113,143 | |
| Administrative fees | 167,975 | 175,468 | 286,800 | 345,890 | ||
| Professional fees | 259,257 | 167,351 | 440,486 | 350,614 | ||
| Transfer agent expenses | 34,420 | 45,409 | 75,143 | 83,586 | ||
| Other expenses | 42,694 | 50,043 | 81,649 | 93,326 | ||
| Contractual Issuer Expenses (Note 3) | 4,852 | 8,671 | 9,582 | 14,382 | ||
| Amortization of deferred offering costs | 1,644 | 1,551 | 3,677 | 3,234 | ||
| Total operating expenses | 816,020 | 976,449 | 1,555,499 | 1,909,407 | ||
| Net expense limitations under agreement with the adviser (Note 3) | (6,496) | (10,222) | (13,259) | (17,616) | ||
| Net operating expenses | 809,524 | 966,227 | 1,542,240 | 1,891,791 | ||
| Net investment income (loss) | (127,159) | 289,968 | 24,738 | 588,584 | ||
| Net realized and unrealized gain (loss) on investments | ||||||
| Net realized loss on investments | (536,105) | (35,408) | (529,934) | (35,675) | ||
| Net unrealized depreciation on investments | (1,025,773) | (265,868) | (2,592,142) | (911,751) | ||
| Deferred tax (expense) benefit on net unrealized appreciation (depreciation) | (7,027) | (4,810) | (48,264) | 22,506 | ||
| Net loss on investments | (1,568,905) | (306,086) | (3,170,340) | (924,920) | ||
| Loss on extinguishment of debt | (25,822) | 0 | (25,822) | 0 | ||
| Net decrease in net assets resulting from operations | $ (1,721,886) | $ (16,118) | $ (3,171,424) | $ (336,336) | ||
| Loss per common share - basic | $ (1.16) | $ (0.01) | $ (2.12) | $ (0.21) | ||
| Loss per common share - diluted | $ (1.16) | $ (0.01) | $ (2.12) | $ (0.21) | ||
| Basic weighted-average common shares outstanding (in shares) | 1,489,857 | 1,617,709 | 1,497,856 | 1,639,571 | ||
| Diluted weighted-average common shares outstanding (in shares) | 1,489,857 | 1,617,709 | 1,497,856 | 1,639,571 | ||
| ||||||
| X | ||||||||||
- Definition Contractual Issuer Expense No definition available.
|
| X | ||||||||||
- Definition Realized And Unrealized Gain (Loss) On Investments No definition available.
|
| X | ||||||||||
- Definition Transfer Agent Expenses No definition available.
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- Definition The amount of amortization of deferred charges applied against earnings during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of realized gain (loss) on investment in debt and equity securities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of unrealized gain (loss) on investment in debt and equity securities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of operating dividend income on securities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- Definition Amount of fee income including, but not limited to, managerial assistance, servicing of investment, and origination and commitment fees. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- Definition Amount of expense for incentive fee based on performance under arrangement to manage operations, including, but not limited to, investment. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of interest income from investment paid in cash, classified as operating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of interest income from investment paid in kind, classified as operating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- Definition Amount of expense reduction under arrangement in which third party explicitly reduces its fee by specified amount for service provided in exchange for use of investment company's assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of expenses related to the generation of investment income. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- 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/disclosureRef
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- Definition Amount, after tax, of realized and unrealized gain (loss) on investment and derivative, classified as operating, and foreign currency transaction. Investment includes, but is not limited to, debt and equity securities, security sold short, real estate, and commodity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of tax expense (benefit) from unrealized gain (loss) from investment and derivative, 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/2009/role/commonPracticeRef
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- 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
|