v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment income from non-controlled/non-affiliated investments and cash equivalents:        
Interest income $ 437,929 $ 738,741 $ 794,320 $ 1,463,351
Income from payment-in-kind interest 112,700 805,425 186,948 1,544,162
Total investment income from affiliated investments 550,629 1,544,166 981,268 3,007,513
Total Investment Income 3,511,050 5,547,227 6,429,744 11,027,216
Expenses:        
Management fees 322,923 411,014 652,947 824,074
Professional fees 181,144 451,523 362,230 629,269
Directors’ fees and expenses 45,696 45,000 90,696 90,000
Interest expense 213,570 292,628 344,300 745,496
Other general and administrative expenses 60,973 76,565 172,466 188,183
Total Expenses 824,306 1,276,730 1,622,639 2,477,022
Net Investment Income 2,686,744 4,270,497 4,807,105 8,550,194
Net realized Gains/(Losses) and Unrealized Appreciation/(Depreciation) on investments        
Non-controlled/non-affiliated investments (18,825,254) (18,371,325)
Total net realized gains/(losses) on investments (18,825,254) (18,371,325)
Non-controlled/non-affiliated investments 23,115,617 24,371 23,058,922 389,728
Affiliated investments (10,427,020) (8,878,838) (11,891,047) (9,093,256)
Total Net Change in Unrealized Appreciation/(Depreciation) on Investments 12,688,597 (8,854,467) 11,167,875 (8,703,528)
Total Net Realized gains/(losses) and Unrealized Appreciation/(Depreciation) on Investments (6,136,657) (8,854,467) (7,203,450) (8,703,528)
Net Increase/(Decrease) in Net Assets Resulting from Operations on Investments $ (3,449,913) $ (4,583,970) $ (2,396,345) $ (153,334)
Basic Net Increase/(Decrease) in Net Assets Resulting from Operations per Common Share (in Dollars per share) $ (20.4) $ (27.11) $ (14.17) $ (0.9)
Diluted Net Increase/(Decrease) in Net Assets Resulting from Operations per Common Share (in Dollars per share) $ (20.4) $ (27.11) $ (14.17) $ (0.9)
Weighted Average Common Shares Outstanding - Basic (in Shares) 169,101 169,101 169,101 169,101
Weighted Average Common Shares Outstanding - Diluted (in Shares) 169,101 169,101 169,101 169,101
Non-Controlled/Non-Affiliated Investments        
Investment income from non-controlled/non-affiliated investments and cash equivalents:        
Interest income $ 2,051,740 $ 3,093,297 $ 3,771,190 $ 6,297,466
Income from payment-in-kind interest 908,681 909,764 1,677,286 1,722,237
Affiliated Investments        
Investment income from non-controlled/non-affiliated investments and cash equivalents:        
Total investment income from non-controlled/non-affiliated investments and cash equivalents $ 2,960,421 $ 4,003,061 $ 5,448,476 $ 8,019,703