CREDIT FACILITY - Interest Expense and Amortized Loan Fees (Details) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| 7.250% Notes due 2030 | ||||
| CREDIT FACILITY | ||||
| Interest expense | $ 2,265,625 | $ 1,374,375 | $ 4,531,250 | $ 1,374,375 |
| Total interest and financing expenses | $ 2,404,674 | $ 1,487,755 | $ 4,807,806 | $ 1,487,755 |
| Weighted average interest rate | 7.30% | 7.40% | 7.30% | 7.40% |
| Effective interest rate (including fee amortization) | 7.70% | 8.00% | 7.80% | 8.00% |
| Average debt outstanding | $ 125,000,000 | $ 75,000,000 | $ 125,000,000 | $ 75,000,000 |
| Cash paid for interest and unused fees | 4,531,250 | 15,000 | 4,531,250 | 15,000 |
| Senior Secured Revolving Credit Agreement | ||||
| CREDIT FACILITY | ||||
| Interest expense | 3,664,852 | 2,868,425 | 7,408,585 | 6,757,582 |
| Loan fee amortization | 257,124 | 319,127 | 511,422 | 634,745 |
| Total interest and financing expenses | $ 3,921,976 | $ 3,187,552 | $ 7,920,007 | $ 7,392,327 |
| Weighted average interest rate | 6.50% | 7.60% | 6.30% | 7.30% |
| Effective interest rate (including fee amortization) | 6.90% | 8.40% | 6.80% | 8.00% |
| Average debt outstanding | $ 227,037,944 | $ 152,222,442 | $ 235,506,881 | $ 186,115,274 |
| Cash paid for interest and unused fees | $ 3,663,793 | $ 2,901,866 | $ 7,561,870 | $ 6,712,888 |