RELATED PARTY ARRANGEMENTS (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| RELATED PARTY ARRANGEMENTS |
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| Schedule of components of incentive fees |
| | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, 2026 | | June 30, 2025 | | June 30, 2026 | | June 30, 2025 | Investment income incentive fee incurred | | $ | 632,714 | | $ | 625,799 | | $ | 1,288,621 | | $ | 1,204,114 | Capital gain incentive fee incurred | | | 223,137 | | | 109,594 | | | 192,644 | | | 272,733 | Income incentive fee waiver | | | (217,544) | | | (208,600) | | | (436,179) | | | (401,371) | Incentive fee expense | | $ | 638,307 | | $ | 526,793 | | $ | 1,045,086 | | $ | 1,075,476 |
| | | | | | | | | June 30, 2026 | | December 31, 2025 | Investment income incentive fee currently payable | | $ | 417,903 | | $ | 471,979 | Investment income incentive fee deferred | | | 80,122 | | | 72,641 | Capital gains incentive fee deferred | | | 720,247 | | | 527,603 | Incentive fee payable | | $ | 1,218,272 | | $ | 1,072,223 |
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| Schedule of expenses reimbursed by the Advisor |
| | | | | | | | | | | | For the Three | | Amount Subject | | Amount | | Balance Subject | | Date of | Months Ended | | to Recoupment | | Recouped | | to Recoupment | | Expiration | September 30, 2023 | | | 82,743 | | | — | | | 82,743 | | September 30, 2026 | December 31, 2023 | | | 126,539 | | | — | | | 126,539 | | December 31, 2026 | March 31, 2024 | | | 197,775 | | | — | | | 197,775 | | March 31, 2027 | June 30, 2024 | | | 77,042 | | | — | | | 77,042 | | June 30, 2027 | September 30, 2024 | | | 128,331 | | | — | | | 128,331 | | September 30, 2027 | December 31, 2024 | | | 161,473 | | | — | | | 161,473 | | December 31, 2027 | March 31, 2025 | | | 84,378 | | | — | | | 84,378 | | March 31, 2028 | June 30, 2025 | | | 43,764 | | | — | | | 43,764 | | June 30, 2028 | September 30, 2025 | | | 1,615 | | | — | | | 1,615 | | September 30, 2028 | December 31, 2025 | | | 2,580 | | | — | | | 2,580 | | December 31, 2028 | March 31, 2026 | | | 142,175 | | | — | | | 142,175 | | March 31, 2029 | June 30, 2026 | | | 31,823 | | | — | | | 31,823 | | June 30, 2029 | Totals | | $ | 1,080,238 | | $ | — | | $ | 1,080,238 | | |
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| Schedule of components of expenses reimbursed/fees waived by Investment Advisor |
| | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, 2026 | | June 30, 2025 | | June 30, 2026 | | June 30, 2025 | Management fee waiver | | $ | 504,820 | | $ | 398,700 | | $ | 986,010 | | $ | 743,977 | Income incentive fee waiver | | | 217,544 | | | 208,600 | | | 436,179 | | | 401,371 | Expense support and conditional reimbursement | | | 31,823 | | | 43,764 | | | 173,998 | | | 128,142 | Expenses reimbursed/fees waived by Advisor | | $ | 754,187 | | $ | 651,064 | | $ | 1,596,187 | | $ | 1,273,490 |
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