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 decrease in net assets resulting from operations $ (3,171,424) $ (336,336)
Adjustments to reconcile net decrease in net assets resulting from operations to net cash provided by operating activities:    
Net unrealized depreciation on investments, net of deferred taxes 2,640,406 889,245
Net realized loss on investments 529,934 35,675
Loss on extinguishment of debt 25,822 0
Amortization of Net Loan Fees on investments (117,037) (120,766)
Amendment fees received 3,363 5,993
Amortization of deferred debt issuance costs 57,517 76,804
Accretion of interest income on Structured Finance Securities (329,530) (465,548)
Paid-in-kind interest income (13,487) (147,968)
Purchase of portfolio investments (163,640) (1,664,137)
Proceeds from principal payments on portfolio investments 1,623,953 1,464,128
Proceeds from sale or redemption of portfolio investments 5,334,537 1,451,477
Proceeds from distributions received from portfolio investments 449,828 714,819
Changes in operating assets and liabilities:    
Interest receivable 7,760 (23,791)
Receivable for investment sold (132,410) 501,861
Interest payable (720) (3,639)
Due to adviser and affiliates (116,536) (57,635)
Payable for investments purchased 0 (257,393)
Other assets and liabilities 110,299 (24,409)
Net cash provided by operating activities 6,738,635 2,038,380
Cash flows from financing activities    
Distributions paid to common stockholders (275,674) (437,683)
Borrowings under revolving line of credit 450,000 2,100,000
Repayments under revolving line of credit (3,100,000) (3,350,000)
Repurchases of common stock (368,904) (742,712)
Net cash used in financing activities (3,294,578) (2,430,395)
Net increase (decrease) in cash and cash equivalents 3,444,057 (392,015)
Beginning of period 493,834 980,084
End of period 3,937,891 588,069
Supplemental disclosure of cash flow information:    
Cash paid for interest 445,142 605,220
Amortization of deferred offering costs limited by investment advisor (see Note 3) $ 3,677 $ 3,234