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CREDIT FACILITY - Interest expense and amortized loan fees (Details) - Senior Secured Revolving Credit Agreement - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
CREDIT FACILITY        
Interest expense $ 2,575,787 $ 1,406,123 $ 5,800,223 $ 3,873,550
Loan fee amortization 148,121 150,598 420,356 390,298
Total interest and financing expenses $ 2,723,908 $ 1,556,721 $ 6,220,579 $ 4,263,848
Weighted average interest rate 4.90% 2.80% 3.80% 2.80%
Effective interest rate (including fee amortization) 5.20% 3.20% 4.10% 3.30%
Average debt outstanding $ 207,437,767 $ 191,891,304 $ 201,712,826 $ 174,057,143
Cash paid for interest $ 2,548,660 $ 1,415,901 $ 5,772,502 $ 3,904,908