NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2025

NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES

Summary of interest income

	For the years ended
	December 31, 2025		December 31, 2024		December 31, 2023
Loan interest	$	88,285,712	$	92,316,007	$	93,976,863
PIK income		5,756,272		3,310,111		3,801,637
Fee amortization income(1)		3,186,846		3,074,492		2,954,512
Fee income acceleration(2)		535,848		1,185,210		1,283,776
Total Interest Income	$	97,764,678	$	99,885,820	$	102,016,788

(1) Includes amortization of fees on unfunded commitments.

(2) Unamortized loan origination fees recognized upon full or partial realization of investment.

Schedule of distributable loss on the Consolidated Statements of Assets and Liabilities

	December 31, 2025		December 31, 2024
Accumulated net realized loss from investments, net of cumulative dividends of $30,352,761 for both periods	$	(39,963,218)	$	(41,267,707)
Net realized loss on foreign currency translations		(282,145)		(213,301)
Net unrealized depreciation on investments and cash equivalents, net of deferred tax liability of $0 for both periods		(18,419,231)		(7,312,300)
Net unrealized appreciation (depreciation) on foreign currency translations		17,854		(15,219)
Accumulated undistributed net investment income		31,966,956		39,153,714
Total distributable loss	$	(26,679,784)	$	(9,654,813)