v3.26.3
Statement of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net increase (decrease) in net assets resulting from operations $ 2,960,337 $ 17,901,107
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net change in unrealized (gain) loss on non-controlled / affiliated investments (12,245,735) (6,032,475)
Net change in unrealized (gain) loss on non-controlled / non-affiliated investments 11,404,139 (9,852,886)
Conversion of convertible note interest to preferred stock (1,604) 0
Amortization of deferred loan fees (2,706) (1,664)
Proceeds from deferred loan fees 0 18,000
Payments for purchases of investments (29,487,715) (25,216,826)
Changes in operating assets and liabilities:    
(Increase) decrease in interest receivable (4,485,989) (4,080,026)
(Increase) decrease in prepaid expenses 52,646 (115,651)
(Increase) decrease in receivable from sale of investments 3,750,000 0
Increase (decrease) in management fees payable 137,978 167,349
Increase (decrease) in incentive fees payable (158,966) 0
Increase (decrease) in accrued audit and tax fees 23,334 (33,934)
Increase (decrease) in accrued expenses and other liabilities 138,473 (37,713)
Net cash provided by (used in) operating activities (27,915,808) (27,284,719)
Cash flows from financing activities:    
Proceeds from issuance of common shares 25,608,622 26,260,199
Distributions paid (3,738,508) (73,252)
Net cash provided by (used in) financing activities 21,870,114 26,186,947
Net change in cash and cash equivalents (6,045,694) (1,097,772)
Cash and cash equivalents, beginning of period 16,338,381 5,783,352
Cash and cash equivalents, end of period 10,292,687 4,685,580
Supplemental Disclosure of Cash-Flow Information    
Distributions declared during the period 238,607 153,180
Share repurchases accrued but not yet paid $ 3,661,366 $ 0