CREDIT FACILITY (Tables) - Senior Secured Revolving Credit Agreement

12 Months Ended

Dec. 31, 2022

CREDIT FACILITY

Schedule of credit facility net of prepaid loan structure fees

	December 31, 2022		December 31, 2021
Credit Facility payable	$	199,200,425	$	177,340,000
Prepaid loan structure fees		(1,515,144)		(1,888,884)
Credit Facility payable, net of prepaid loan structure fees	$	197,685,281	$	175,451,116

Schedule of interest expense and amortized loan fees

	For the year ended
	December 31, 2022			December 31, 2021			December 31, 2020
Interest expense	$	9,190,425		$	5,231,698		$	6,066,858
Loan fee amortization		567,375			519,653			647,872
Total interest and financing expenses	$	9,757,800		$	5,751,351		$	6,714,730
Weighted average interest rate		4.4	%		2.8	%		3.2	%
Effective interest rate (including fee amortization)		4.8	%		3.3	%		3.7	%
Average debt outstanding	$	204,276,134		$	176,870,712		$	181,943,716
Cash paid for interest and unused fees	$	9,034,765		$	5,271,348		$	6,284,516