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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INVESTMENT INCOME      
Interest income $ 72,964,999 $ 61,536,686 $ 55,350,781
Other income 2,147,577 2,142,308 1,307,533
Total Investment Income 75,112,576 63,678,994 56,658,314
OPERATING EXPENSES      
Management fees 14,848,174 13,169,606 11,084,450
Valuation fees 351,752 313,437 290,445
Administrative services expenses 1,810,576 1,798,966 1,781,603
Income incentive fees 3,782,151 3,043,470 2,527,813
Capital gains incentive (reversal) fees (2,818,623) 2,867,131 (359,892)
Professional fees 1,103,693 1,082,917 950,716
Directors' fees 329,000 315,000 394,816
Insurance expense 503,907 482,140 384,774
Interest expense and other fees 24,469,285 18,721,058 15,950,087
Income tax expense 1,161,668 1,102,374 771,134
Other general and administrative expenses 984,309 1,006,428 890,465
Total Operating Expenses 46,525,892 43,902,527 34,666,411
Net Investment Income 28,586,684 19,776,467 21,991,903
Net realized gain (loss) on non-controlled, non-affiliated investments 3,660,595 23,710,167 (10,129,859)
Net realized loss on foreign currency translation (6,091)    
Loss on debt extinguishment   (539,250)  
Net change in unrealized (depreciation) appreciation on non-controlled non-affiliated investments (17,542,230) (6,928,160) 8,555,274
Net change in unrealized appreciation on foreign currency translation 6,040    
(Provision) benefit for taxes on net unrealized (appreciation) depreciation on investments (213,214) 510,868 (224,877)
Provision for taxes on realized gain on investments   (2,957,220)  
Net Increase in Net Assets Resulting from Operations $ 14,491,784 $ 33,572,872 $ 20,192,441
Net Investment Income Per Share - basic $ 1.46 $ 1.01 $ 1.13
Net Investment Income Per Share - diluted 1.46 1.01 1.13
Net Increase in Net Assets Resulting from Operations Per Share Basic (in dollars per share) 0.74 1.72 1.04
Net Increase in Net Assets Resulting from Operations Per Share Diluted (in dollars per share) $ 0.74 $ 1.72 $ 1.04
Weighted Average Shares of Common Stock Outstanding Basic 19,552,931 19,489,750 19,471,500
Weighted Average Shares of Common Stock Outstanding Diluted 19,552,931 19,489,750 19,471,500
Distributions Per Share - basic and diluted $ 1.30 $ 1.14 $ 1.15