v3.26.1
Note 3 - Investments (Tables)
 6 Months Ended
Jun. 30, 2026
Notes Tables  
Summary Investment Holdings [Table Text Block]
          

Percentage

 
  

Amortized Cost

  

Fair Value

  

of Total Investments

 

Senior secured term loans

 $161,544,052  $128,864,890   49.1%

Senior secured term loan participations

  88,994,091   66,297,945   25.2%

Senior secured trade finance participations

  32,328,967   24,859,079   9.5%

Convertible notes

  29,335,457   30,806,874   11.7%

Other investments

  21,575,474   11,816,853   4.5%

Equity warrants

  —   —   0.0%

Total investments

 $333,778,041   262,645,641   100.0%
          

Percentage

 
  

Amortized Cost

  

Fair Value

  

of Total Investments

 

Senior secured term loans

 $154,210,608  $123,807,284   47.2%

Senior secured term loan participations

  93,914,525   71,371,727   27.2%

Senior secured trade finance participations

  32,007,959   26,493,018   10.1%

Convertible notes

  27,621,053   29,092,471   11.1%

Other investments

  21,849,620   11,451,817   4.4%

Equity warrants

  —   —   0.0%

Total investments

 $329,603,765  $262,216,317   100.0%
Summary Investment Holdings, Asset Management Arrangement [Table Text Block]
  

As of June 30, 2026

  

As of December 31, 2025

 
  

Fair

  

Percentage

  

Fair

  

Percentage

 

Sub-advisor

 

Value

  

of Total

  

Value

  

of Total

 

CEECAT Capital Limited & CCL Investments SARL

 $—   0.0% $11,036,073   4.0%

Origin Capital Limited

  16,135,533   5.9%  15,891,748   5.8%

Scipion Capital, Ltd.

  1,777,308   0.7%  1,777,308   0.7%

TRG Management LP

  35,587,821   13.1%  34,613,423   12.7%

Total

 $53,500,662   19.7% $63,318,552   23.2%
Investment Holdings, Schedule of Investments [Table Text Block]
  

As of June 30, 2026

  

As of December 31, 2025

 
  

Fair

  

Percentage

  

Fair

  

Percentage

 

Industry

 

Value

  

of Total

  

Value

  

of Total

 

Beef Cattle, Except Feedlots

 $2,955,774   1.1% $2,955,774   1.1%

Boatbuilding and Repairing

  4,780,946   1.8%  5,520,952   2.1%

Chemicals and Allied Products

  3,919,175   1.5%  4,019,175   1.5%

Chocolate and Cocoa Products

  23,514,307   9.0%  26,475,443   10.1%

Coal and Other Minerals and Ores

  33,234,222   12.7%  33,577,527   12.8%

Computer Related Services

  30,806,874   11.7%  29,092,471   11.1%

Corn

  13,408,445   5.1%  13,371,613   5.1%

Corrugated and Solid Fiber Boxes

  2,727,088   1.0%  2,520,135   1.0%

Cotton Ginning

  1,792,698   0.7%  1,792,698   0.7%

Dairy Farms

  3,919,677   1.5%  4,252,363   1.6%

Electric Services

  1,403,608   0.5%  764,426   0.3%

Freight Transportation Arrangement

  3,099,538   1.2%  3,099,538   1.2%

Frozen Fish and Seafood

  2,390,516   0.9%  2,674,069   1.0%

Hotels and Motels

  7,728,053   2.9%  9,885,644   3.8%

Land Subdividers and Developers

  18,473,849   7.0%  18,029,698   6.9%

Motor Vehicle Parts and Accessories

  9,987,459   3.8%  11,036,073   4.2%

Refuse Systems

  78,074,055   29.7%  70,740,611   26.9%

Retail Bakeries

  6,521,990   2.5%  6,982,214   2.7%

Short-Term Business Credit

  1,777,308   0.7%  1,777,308   0.7%

Soybeans

  5,944,929   2.3%  6,040,979   2.3%

Towing and Tugboat Service

  520,357   0.2%  1,668,687   0.6%

Other

  5,664,773   2.2%  5,938,919   2.3%

Total

 $262,645,641   100.0% $262,216,317   100.0%
Summary of Investment Holdings, Schedule of Investments [Table Text Block]
  

As of June 30, 2026

  

As of December 31, 2025

 
  

Fair

  

Percentage

  

Fair

  

Percentage

 

Country

 

Value

  

of Total

  

Value

  

of Total

 

Argentina (1)

 $14,613,078   5.7% $15,041,814   5.7%

Botswana

  1,777,308   0.7%  1,777,308   0.7%

Brazil

  35,690,835   13.6%  34,916,438   13.3%

Cabo Verde

  7,728,053   2.9%  9,885,644   3.8%

Cameroon

  12,603,957   4.8%  13,525,607   5.2%

Chile

  1,403,608   0.5%  764,426   0.3%

Ecuador

  5,117,604   1.9%  5,194,204   2.0%

Hong Kong

  14,208,553   5.4%  14,551,857   5.5%

Indonesia

  10,910,350   4.2%  12,949,836   4.9%

Kenya

  3,099,538   1.2%  3,099,538   1.2%

Malaysia

  3,919,175   1.5%  4,019,175   1.5%

Mexico

  78,074,055   29.7%  70,740,611   26.9%

Namibia

  18,473,849   7.0%  18,029,698   6.9%

Netherlands

  9,987,459   3.8%  11,036,073   4.2%

Nigeria

  1,696,509   0.6%  2,918,985   1.1%

Peru

  1,261,346   0.5%  1,261,346   0.5%

Romania

  6,521,990   2.5%  6,982,214   2.7%

Singapore

  19,025,669   7.2%  19,025,670   7.3%

Uganda

  13,408,445   5.1%  13,371,613   5.1%

N/A

  3,124,260   1.2%  3,124,260   1.2%

Total

 $262,645,641   100.0% $262,216,317   100.0%