Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Sep. 30, 2026 |
Sep. 30, 2025 |
Sep. 30, 2026 |
Sep. 30, 2025 |
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| Investment income | ||||||
| Total investment income | $ 5,190,447 | $ 7,025,827 | $ 16,203,929 | $ 20,781,783 | ||
| Operating expenses | ||||||
| Management fees | 437,895 | 554,351 | 1,371,780 | 1,568,033 | ||
| Professional fees | 123,872 | 111,173 | 385,238 | 402,400 | ||
| Administrative expenses | 90,239 | 97,589 | 253,286 | 273,388 | ||
| Director fees | 32,500 | 31,000 | 91,500 | 115,456 | ||
| Custody and transfer agent fees | 11,083 | 13,948 | 35,424 | 40,052 | ||
| Insurance expense | 8,167 | 9,690 | 16,522 | 23,258 | ||
| Interest and other debt expenses | 3,437 | 3,437 | 10,305 | 10,305 | ||
| Incentive fees earned | 0 | 0 | 0 | 398,079 | ||
| Other operating expenses | 101,675 | 168,986 | 366,285 | 309,839 | ||
| Total operating expenses | 808,868 | 990,174 | 2,530,340 | 3,140,810 | ||
| Net investment income | 4,381,579 | 6,035,653 | 13,673,589 | 17,640,973 | ||
| Realized and unrealized gain (loss) | ||||||
| Net realized (gain) loss | (5,854,489) | (18,997,630) | ||||
| Change in net unrealized appreciation (depreciation): | ||||||
| Net realized and unrealized gain (loss) | (4,236,739) | (1,418,241) | (12,974,823) | (7,687,531) | ||
| Net increase (decrease) in net assets from operations | $ 144,840 | $ 4,617,412 | $ 698,766 | $ 9,953,442 | ||
| Basic earnings per share | [1] | $ 0 | $ 0.16 | $ 0.02 | $ 0.35 | |
| Diluted earnings per share | [1] | $ 0 | $ 0.16 | $ 0.02 | $ 0.35 | |
| Basic weighted average shares outstanding | 29,173,775 | 29,173,775 | 29,173,775 | 27,871,142 | ||
| Diluted weighted average shares outstanding | 29,173,775 | 29,173,775 | 29,173,775 | 27,871,142 | ||
| Non-Controlled, Non-Affiliated Investments | ||||||
| Investment income | ||||||
| Interest income (excluding PIK) | $ 4,791,506 | $ 6,508,387 | $ 15,090,457 | $ 19,100,393 | ||
| PIK income | 398,941 | 517,440 | 1,113,472 | 1,681,390 | ||
| Realized and unrealized gain (loss) | ||||||
| Net realized gain (loss) | (424,376) | (9,946,534) | (5,854,489) | (18,997,630) | ||
| Change in net unrealized appreciation (depreciation): | ||||||
| Change in net unrealized appreciation (depreciation): Non-controlled, non-affiliated investments | $ (3,812,363) | $ 8,528,293 | $ (7,120,334) | $ 11,310,099 | ||
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- Definition Amount of expense for administrative fee from service provided, including, but not limited to, salary, rent, or overhead cost. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Those fees charged for services related to holding, advising, and managing customer investment assets. These account fees usually charged annually or semi-annually, on a per security basis, for the costs of services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of unrealized and realized gain (loss) on investment in debt and equity securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of realized gain (loss) on investment in debt and equity securities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of unrealized gain (loss) on investment in debt and equity securities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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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- References No definition available.
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- Definition The expense in the period incurred with respect to protection provided by insurance entities against risks other than risks associated with production (which are allocated to cost of sales). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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 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 cash, classified as operating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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 of expenses related to the generation of investment income. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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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 The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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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- References No definition available.
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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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- References No definition available.
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- 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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- References No definition available.
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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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