CREDIT FACILITIES - Summary of interest expense and amortized financing costs on credit facility (Details) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Jun. 30, 2026
USD ($)
|
Jun. 30, 2025
USD ($)
|
Jun. 30, 2026
USD ($)
|
Jun. 30, 2025
USD ($)
|
|
| CREDIT FACILITIES | ||||
| Total interest and other fees | $ 3,781,773 | $ 3,241,210 | $ 7,331,821 | $ 6,257,771 |
| Senior Secured Revolving Credit Agreement | ||||
| CREDIT FACILITIES | ||||
| Interest expense | 2,401,125 | 2,212,583 | 4,572,296 | 4,217,823 |
| Loan structure fees amortization | 217,833 | 103,211 | 434,111 | 196,743 |
| Total interest and other fees | $ 2,618,958 | $ 2,315,794 | $ 5,006,407 | $ 4,414,566 |
| Weighted average interest rate | 6.5 | 7.4 | 6.6 | 7.3 |
| Effective interest rate (including fee amortization) | 7.1 | 7.7 | 7.2 | 7.7 |
| Average debt outstanding | $ 148,967,033 | $ 121,434,066 | $ 140,425,691 | $ 116,110,773 |
| Cash paid for interest and unused fees | 2,264,454 | 2,244,868 | 4,642,343 | 4,194,458 |
| SPV Facility | ||||
| CREDIT FACILITIES | ||||
| Interest expense | 1,073,931 | 857,591 | 2,135,449 | 1,709,316 |
| Facility agent fee | 47,396 | 31,597 | 109,896 | 62,847 |
| Loan structure fees amortization | 41,488 | 36,228 | 80,069 | 71,042 |
| Total interest and other fees | $ 1,162,815 | $ 925,416 | $ 2,325,414 | $ 1,843,205 |
| Weighted average interest rate | 5.7 | 6.9 | 5.7 | 6.9 |
| Effective interest rate (including fee amortization) | 6.2 | 7.4 | 6.3 | 7.4 |
| Average debt outstanding | $ 75,000,000 | $ 50,000,000 | $ 75,000,000 | $ 50,000,000 |
| Cash paid for interest and unused fees | $ 1,150,087 | $ 898,902 | $ 2,280,810 | $ 1,787,630 |