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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
INVESTMENT INCOME      
Total Investment Income $ 4,673,427 $ 6,596,780 $ 3,456,193
OPERATING EXPENSES      
Compensation expense 9,159,673 9,482,867 7,566,452
Interest expense 4,843,570 4,858,049 4,845,549
Professional fees 2,277,765 2,602,894 3,395,260
Directors’ fees 682,260 645,548 675,716
Income tax expense 88,692 624,049 82,238
Other expenses 1,572,754 1,822,982 1,598,986
Total Operating Expenses 18,624,714 20,036,389 18,164,201
Net Investment Loss (13,951,287) (13,439,609) (14,708,008)
Realized Gain/(Loss) on Investments:      
Net Realized Loss on Investments (5,020,314) (11,947,504) (5,905,453)
Realized loss on partial repurchase of 6.00% Notes due December 30, 2026 (183,668)
Change in Unrealized Appreciation/(Depreciation) of Investments:      
Net Change in Unrealized Appreciation/(Depreciation) of Investments (18,968,978) 30,453,935 (111,563,592)
  Net Change in Net Assets Resulting from Operations $ (38,124,247) $ 5,066,822 $ (132,177,053)
   Net Change in Net Assets Resulting from Operations per Common Share:      
Basic $ (1.60) $ 0.19 $ (4.40)
Diluted [1] $ (1.60) $ 0.19 $ (4.40)
Weighted-Average Common Shares Outstanding      
Basic 23,901,805 26,222,667 30,023,202
Diluted [1],[2] 23,901,805 26,222,667 30,023,202
Non Controlled Non Affiliate Investments [Member]      
INVESTMENT INCOME      
Interest income [3] $ 1,296,415 $ 795,847 $ 403,029
Dividend income 1,232,239 211,310 541,239
Realized Gain/(Loss) on Investments:      
Net Realized Loss on Investments 8,375,641 (1,185,273) (5,835,074)
Change in Unrealized Appreciation/(Depreciation) of Investments:      
Net Change in Unrealized Appreciation/(Depreciation) of Investments (30,184,682) 10,349,592 (109,553,034)
Controlled Investments [Member]      
INVESTMENT INCOME      
Interest income 955,628 1,331,258 1,685,000
Dividend income 500,000
Interest income from U.S. Treasury bills 1,189,145 3,758,365 826,925
Realized Gain/(Loss) on Investments:      
Net Realized Loss on Investments (6,797,425)
Change in Unrealized Appreciation/(Depreciation) of Investments:      
Net Change in Unrealized Appreciation/(Depreciation) of Investments 6,785,776 (600,692) (63,005)
Non Controlled Affiliate Investments [Member]      
Realized Gain/(Loss) on Investments:      
Net Realized Loss on Investments (6,598,530) (10,762,231) (70,379)
Change in Unrealized Appreciation/(Depreciation) of Investments:      
Net Change in Unrealized Appreciation/(Depreciation) of Investments $ 4,429,928 $ 20,705,035 $ (1,947,553)
[1] For the year ended December 31, 2024, 3,870,969 potentially dilutive common shares were excluded from the weighted-average common shares outstanding for diluted net decrease in net assets resulting from operations per common share because the effect of these shares would have been anti-dilutive. For the year ended December 31, 2024, 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 year ended December 31, 2024, 3,870,969 potentially dilutive common shares were excluded from the weighted-average common shares outstanding for diluted net decrease in net assets resulting from operations per common shares because the effect of these shares would have been anti-dilutive. For the years ended December 31, 2023 and 2022, there were no potentially dilutive securities outstanding.
[3] Includes interest income earned on cash.