Consolidated Statements of Operations - USD ($) |
3 Months Ended | 6 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Investment Income | ||||||||
| Interest income, net of amortization/accretion | $ 8,612,772 | $ 7,006,888 | $ 16,658,926 | $ 14,274,108 | ||||
| Payment-in-kind interest | 77,046 | 67,660 | 168,057 | 111,213 | ||||
| Dividend income | 39,633 | 43,629 | 67,490 | 111,587 | ||||
| Total investment income | 8,729,451 | 7,118,177 | 16,894,473 | 14,496,908 | ||||
| Expenses: | ||||||||
| Interest and borrowing expenses | 3,561,198 | 3,054,805 | 6,920,503 | 6,400,324 | ||||
| Offering costs | 0 | 133,610 | 0 | 534,442 | ||||
| Income-based incentive fee | 524,910 | 354,808 | 936,204 | 649,909 | ||||
| Other expenses | 108,800 | 172,960 | 203,928 | 299,924 | ||||
| Management fees | 506,638 | 381,133 | 1,022,648 | 746,266 | ||||
| Professional fees | 326,589 | 325,136 | 941,403 | 976,872 | ||||
| Directors' fees | 44,016 | 51,312 | 88,033 | 102,625 | ||||
| Trustees' fees | 15,157 | 9,895 | 25,657 | 20,277 | ||||
| Capital gains incentive fee | 0 | (67,859) | 0 | (66,559) | ||||
| Administration and custodian fees | 64,583 | 69,849 | 110,220 | 129,919 | ||||
| Transfer agent fees | 8,043 | 5,802 | 16,311 | 11,765 | ||||
| Total expenses | 5,159,934 | 4,491,451 | 10,264,907 | 9,805,764 | ||||
| Less: expenses reimbursed by the Adviser | (186,018) | (538,876) | (706,665) | (1,554,031) | ||||
| Net expenses | 4,973,916 | 3,952,575 | 9,558,242 | 8,251,733 | ||||
| Net investment income before taxes | 3,755,535 | 3,165,602 | 7,336,231 | 6,245,175 | ||||
| Income tax expense, including excise tax | 27,313 | 75,220 | 71,888 | 75,220 | ||||
| Net investment income | 3,728,222 | 3,090,382 | 7,264,343 | 6,169,955 | ||||
| Net realized and change in unrealized gains (losses) on investment transactions: | ||||||||
| Net realized gain (loss) on investments | 294,476 | 0 | ||||||
| Net change in unrealized appreciation (depreciation) on investments | (528,687) | (542,863) | (3,715,068) | (532,466) | ||||
| Net realized and change in unrealized gains (losses) on investment transactions | (254,271) | (542,863) | (3,420,592) | (532,466) | ||||
| Net increase in net assets resulting from operations | $ 3,473,951 | $ 2,547,519 | $ 3,843,751 | $ 5,637,489 | ||||
| Net investment income per share (basic and diluted): | ||||||||
| Net investment income per share basic | $ 0.57 | $ 0.64 | $ 1.09 | [1] | $ 1.3 | [1] | ||
| Net investment income per share diluted | 0.57 | 0.64 | 1.09 | 1.3 | ||||
| Earnings per share, Basic | 0.53 | 0.53 | 0.58 | 1.19 | ||||
| Earnings per share, Diluted | $ 0.53 | $ 0.53 | $ 0.58 | $ 1.19 | ||||
| Weighted average shares outstanding, Basic | 6,593,460 | 4,830,243 | 6,636,112 | 4,753,981 | ||||
| Weighted average shares outstanding, Diluted | 6,593,460 | 4,830,243 | 6,636,112 | 4,753,981 | ||||
| Non-controlled or non-affiliated investments [Member] | ||||||||
| Net realized and change in unrealized gains (losses) on investment transactions: | ||||||||
| Net realized gain (loss) on investments | $ 274,416 | $ 0 | $ 294,476 | $ 0 | ||||
| Net change in unrealized appreciation (depreciation) on investments | $ (528,687) | $ (542,863) | $ (3,715,068) | $ (532,466) | ||||
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- Definition Administartion and custodian fees. No definition available.
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- Definition Capital gains incentive fee. No definition available.
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- Definition Net increase (decrease) in net assets from operations. No definition available.
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- Definition Non interest expenses trustee fees. No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for incentive fee based on performance under arrangement to manage operations, including, but not limited to, investment. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of interest income from investment paid in kind, classified as operating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after reimbursement and fee waiver, of expense for generation of investment income classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Per-basic-share or unit amount, after investment expense, of dividend and interest investment income (loss) from investment held by investment company. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Per-diluted-share or unit amount, after investment expense, of dividend and interest investment income (loss) from investment held by investment company. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of realized and unrealized gain (loss) on investment and derivative, classified as operating, and foreign currency transaction. Investment includes, but is not limited to, debt and equity securities, security sold short, real estate, and commodity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of fee voluntarily waived by investment company. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expenses related to the generation of investment income. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of expense for investment management fee, including, but not limited to, expense in connection with research, selection, supervision, and custody of investment. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for service provided by entity's director. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for cost associated with issuance of security by investment company. Includes, but is not limited to, legal fee pertaining to share offered for sale, registration fee, underwriting, printing prospectus, and initial fee for listing on exchange. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for transfer agent and custodian services. Includes, but is not limited to, fee paid for maintaining investor record, account balance, and company's stock transaction and fee paid for holding and safeguarding assets of individual, mutual fund, and investment company. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of noninterest expense classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of realized gain (loss) on investment. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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