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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
INVESTMENT INCOME        
Total Investment Income $ 1,027,353 $ 1,372,218 $ 2,555,444 $ 2,671,300
OPERATING EXPENSES        
Compensation expense 2,198,509 2,117,872 4,383,827 4,254,626
Directors’ fees 167,825 161,661 338,938 322,226
Professional fees 586,825 916,579 1,315,384 1,907,413
Interest expense 1,214,267 1,214,267 2,428,534 2,427,553
Income tax expense 52,794 90,826 54,894 620,606
Other expenses 462,758 676,353 912,394 1,165,981
Total Operating Expenses 4,682,978 5,177,558 9,433,971 10,698,405
Net Investment Loss (3,655,625) (3,805,340) (6,878,527) (8,027,105)
Realized Gain/(Loss) on Investments:        
Net Realized Loss on Investments (29,612) (13,270,199) (453,686) (13,080,856)
Change in Unrealized Appreciation/(Depreciation) of Investments:        
Net Change in Unrealized Appreciation/(Depreciation) of Investments (6,965,946) 1,455,515 (25,384,316) 10,104,446
Net Change in Net Assets Resulting from Operations $ (10,651,183) $ (15,620,024) $ (32,716,529) $ (11,003,515)
Net Change in Net Assets Resulting from Operations per Common Share:        
Basic $ (0.45) $ (0.60) $ (1.34) $ (0.41)
Diluted [1] $ (0.45) $ (0.60) $ (1.34) $ (0.41)
Weighted-Average Common Shares Outstanding        
Basic 23,410,235 25,952,447 24,401,863 27,158,786
Diluted [1],[2] 23,410,235 25,952,447 24,401,863 27,158,786
Non Controlled Non Affiliate Investments [Member]        
INVESTMENT INCOME        
Interest income [3] $ 290,750 $ 40,394 $ 532,757 $ 89,869
Dividend income 63,145 21,875 126,290
Realized Gain/(Loss) on Investments:        
Net Realized Loss on Investments (22,867) (2,325,175) (507,008) (2,135,832)
Change in Unrealized Appreciation/(Depreciation) of Investments:        
Net Change in Unrealized Appreciation/(Depreciation) of Investments (3,481,638) (12,152,800) (19,876,809) (14,216,377)
Controlled Investments [Member]        
INVESTMENT INCOME        
Interest income 376,667 318,425 811,667 554,425
Interest income from U.S. Treasury bills 359,936 950,254 1,189,145 1,900,716
Realized Gain/(Loss) on Investments:        
Net Realized Loss on Investments (6,745) (6,745)
Change in Unrealized Appreciation/(Depreciation) of Investments:        
Net Change in Unrealized Appreciation/(Depreciation) of Investments 864 2,387,891 (5,636) 14,420,763
Non Controlled Affiliate Investments [Member]        
Realized Gain/(Loss) on Investments:        
Net Realized Loss on Investments (10,945,024) 60,067 (10,945,024)
Change in Unrealized Appreciation/(Depreciation) of Investments:        
Net Change in Unrealized Appreciation/(Depreciation) of Investments $ (3,485,172) $ 11,220,424 $ (5,501,871) $ 9,900,060
[1] For the three and six months ended June 30, 2024 and June 30, 2023, there were no potentially dilutive securities outstanding. Refer to “Note 6 — Net Change in Net Assets Resulting from Operations per Common Share — Basic and Diluted”.
[2] For the three and six months ended June 30, 2024 and June 30, 2023, there were no potentially dilutive securities outstanding.
[3] Includes interest income earned on cash.