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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended 124 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Sep. 30, 2022
Cash flows from operating activities              
Net increase in net assets resulting from operations $ 3,955,529 $ 12,778,621   $ 10,513,540 $ 23,323,357    
Adjustments to reconcile net increase in net assets from operations to net cash used in operating activities:              
Purchases of investments       (180,956,810) (243,298,147)    
Proceeds from sales and repayments of investments       74,385,466 123,617,259    
Net change in unrealized depreciation (appreciation) on investments 4,798,980 (2,080,603)   12,810,173 (3,868,463)    
Net change in unrealized depreciation on foreign currency translations       (28,405)      
Increase in investments due to PIK       (1,010,061) (607,393)    
Amortization of premium and accretion of discount, net       (1,839,720) (1,747,423) $ (2,412,991)  
Deferred tax provision 30,535 606,377   151,278 586,460 586,640  
Amortization of loan structure fees       420,356 390,298    
Amortization of deferred financing costs       334,122 346,123    
Amortization of loan fees on SBA-guaranteed debentures       905,294 801,259    
Net realized gain on investment       4,658,817 6,595,217    
Loss on debt extinguishment     $ 539,250   539,250    
Changes in other assets and liabilities              
Increase in interest receivable       (907,787) (614,133)    
Increase in other receivables       (5,743) (110,000)    
Increase in related party receivable       (19,034)      
Increase in prepaid expenses       293,135 300,867    
Increase in management fees payable       3,578,496 2,426,198    
Increase in income incentive fees payable       160,521 948,489    
(Decrease) increase in capital gains incentive fees payable       (1,672,549) 1,840,572    
(Decrease) increase in administrative services payable       (9,481) 371,745    
Decrease in interest payable       (2,808,314) (1,406,381)    
Decrease (increase) in unearned revenue       (185,171) 7,847    
(Decrease) increase in income tax payable       (2,183,176) 511,851    
Increase in other accrued expenses and liabilities       59,623 140,302    
Net Cash Used In Operating Activities       (92,616,254) (102,095,280)    
Cash flows from Financing Activities              
Proceeds from the issuance of common stock       420,004     $ 278,201,494
Sales load for commons stock issued       (5,957)      
Offering costs paid for common stock issued       (335,953)      
Stockholder distributions paid       (17,708,494) (13,636,301)    
Repayment of Notes         (48,875,000)    
Proceeds from issuance of Notes         100,000,000    
Financing costs paid on Notes         (2,237,835)    
Proceeds from SBA-guaranteed debentures       56,000,000 73,500,000    
Financing costs paid on SBA-guaranteed debentures       (1,363,600) (3,139,725)    
Financing costs paid on Credit facility       (193,659) (39,843)    
Borrowings under Credit Facility       121,608,702 191,200,000    
Repayments of Credit Facility       (97,559,902) (175,400,000)    
Net Cash Provided by Financing Activities       60,861,141 121,371,296    
Net (Decrease) Increase in Cash and Cash Equivalents       (31,755,113) 19,276,016    
Cash and Cash Equivalents balance at beginning of period     $ 18,477,602 44,174,856 18,477,602 18,477,602  
Cash and Cash Equivalents Balance at End of Period $ 12,419,743 $ 37,753,618   12,419,743 37,753,618 $ 44,174,856 $ 12,419,743
Supplemental and Non-Cash Activities              
Cash paid for interest expense       18,012,797 13,733,216    
Income and excise tax paid       3,249,944 870,000    
Increase in dividends payable       1,043,498 7,402,736    
Increase (decrease) in deferred offering costs       $ 227,109 (90,000)    
Gain on conversion of equity investment         $ 6,668