v3.26.1
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 $ (21,531,271) $ (3,736,160)
Adjustments to reconcile net decrease in net assets resulting from operations to net cash (used in)/provided by operating activities:    
Accretion of discounts on investments (2,085,493) (1,416,719)
Accretion of discount on notes payable and deferred debt issuance costs 474,822 304,383
PIK income (1,683,522) (1,696,588)
Purchases of investments (41,649,230) (28,046,839)
Repayments of principal 853,701 8,942,707
Proceeds from the sale of investments 10,742,669
Net realized losses on investments 35,954,739 14,480,057
Reductions to CLO equity cost value 6,689,099 3,499,350
Net change in unrealized (appreciation)/depreciation on investments (5,135,612) 813,761
Decrease in interest and distributions receivable 68,826 436,576
Increase in other assets (150,024) (30,407)
Decrease in accrued interest payable (104,166)
Decrease in Base Fee and Net Investment Income Incentive Fee payable (74,415) (179,652)
(Decrease)/increase in accrued expenses (212,639) 319,557
Net cash (used in)/provided by operating activities (28,481,019) 4,328,529
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid (net of stock issued under distribution reinvestment plan of $842,037 and $461,663, respectively, and distributions payable) (18,940,697) (14,596,460)
Principal repayment of 6.25% Unsecured Notes (10,000,000)
Extinguishment of debt 45,781
Proceeds from issuance of common stock 30,590,760 15,397,577
Underwriting fees and offering costs for the issuance of common stock (495,649) (307,721)
Net cash provided by/(used in) financing activities 11,154,414 (9,460,823)
Net decrease in cash and cash equivalents (17,326,605) (5,132,294)
Cash and cash equivalents, beginning of period 51,934,647 34,926,468
Cash and cash equivalents, end of period 34,608,042 29,794,174
NON-CASH FINANCING ACTIVITIES    
Value of shares issued in connection with distribution reinvestment plan 842,037 461,663
SUPPLEMENTAL DISCLOSURES    
Cash paid for interest $ 5,110,313 $ 3,688,114