v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
INVESTMENT INCOME        
Payment-in-kind interest income $ 1,718,348 $ 1,519,405 $ 3,392,735 $ 2,495,884
Total Investment Income 22,302,872 25,696,602 45,595,806 50,648,260
OPERATING EXPENSES        
Management fees 4,393,770 4,279,441 8,786,127 8,334,167
Valuation fees 44,995 38,507 211,114 196,396
Administrative services expenses 550,235 474,284 1,199,355 923,582
Income incentive fees 150,863 2,158,075 257,572 4,294,566
Professional fees 283,474 312,808 1,101,201 730,839
Directors' fees 84,250 93,250 213,500 204,500
Insurance expense 102,057 98,668 195,113 195,758
Interest expense and other fees 8,585,467 8,680,015 17,437,008 16,943,034
Income tax expense 29,685 428,951 390,156 928,498
Other general and administrative expenses 585,510 500,302 825,127 718,653
Total Operating Expenses 14,810,306 17,064,301 30,616,273 33,469,993
Income incentive fee waiver (38,583) (928,926) (49,644) (2,171,769)
Total Operating Expenses, net of fee waivers 14,771,723 16,135,375 30,566,629 31,298,224
Net Investment Income 7,531,149 9,561,227 15,029,177 19,350,036
Net realized (loss) gain on foreign currency translations (1,811) (20,003) 1,853 (49,658)
Net change in unrealized (depreciation) appreciation on investments 15,899,438 1,433,667    
Net change in unrealized appreciation (depreciation) on foreign currency translations 21,045 30,546 (26,975) 38,865
Net Increase in Net Assets Resulting from Operations $ 16,206,298 $ 10,145,410 $ 17,862,034 $ 15,138,955
Net Investment Income Per Share - basic $ 0.26 $ 0.34 $ 0.52 $ 0.69
Net Investment Income Per Share - diluted 0.26 0.34 0.52 0.69
Net Increase in Net Assets Resulting from Operations Per Share Basic (in dollars per share) 0.56 0.36 0.62 0.54
Net Increase in Net Assets Resulting from Operations Per Share Diluted (in dollars per share) $ 0.56 $ 0.36 $ 0.62 $ 0.54
Weighted Average Shares of Common Stock Outstanding Basic 28,869,028 28,412,849 28,907,925 28,009,969
Weighted Average Shares of Common Stock Outstanding Diluted 28,869,028 28,412,849 28,907,925 28,009,969
Distributions Per Share-basic and diluted $ 0.34 $ 0.4 $ 0.68 $ 0.8
Controlled investments        
OPERATING EXPENSES        
Net realized (loss) gain on investments   $ (1,132,576)   $ (1,132,576)
Net change in unrealized (depreciation) appreciation on investments $ (922,785) 1,290,491 $ (4,468,162) 1,345,767
Non-controlled/affiliated        
INVESTMENT INCOME        
Interest income 1,016   1,061  
Payment-in-kind interest income 559,310   631,610  
OPERATING EXPENSES        
Net change in unrealized (depreciation) appreciation on investments 3,913,525   3,468,901  
Non-controlled/Unaffiliated        
INVESTMENT INCOME        
Payment-in-kind interest income 1,159,038 1,519,405 3,392,735 2,495,884
Other income 719,448 1,042,397 1,759,375 1,866,939
OPERATING EXPENSES        
Net realized (loss) gain on investments (7,243,523) 272,549 (6,493,113) (5,694,672)
Net change in unrealized (depreciation) appreciation on investments $ 12,908,698 $ 143,176 $ 10,350,353 $ 1,281,193