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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
INVESTMENT INCOME    
Interest income $ 23,408,604 $ 15,116,951
Other income 666,743 377,453
Total Investment Income 24,075,347 15,494,404
OPERATING EXPENSES    
Management fees 3,735,102 3,492,713
Valuation fees 147,073 139,588
Administrative services expenses 461,964 474,318
Income incentive fees 2,124,835  
Capital gains incentive fee reversal (569,528) (42,217)
Professional fees 430,848 312,062
Directors' fees 117,250 96,500
Insurance expense 120,546 124,507
Interest expense and other fees 7,886,424 4,891,597
Income tax expense 374,763 279,417
Other general and administrative expenses 178,450 211,736
Total Operating Expenses 15,007,727 9,980,221
Net Investment Income 9,067,620 5,514,183
Net realized gain on non-controlled, non-affiliated investments 34,967 3,458,090
Net realized loss on foreign currency translation (39,912) (7,350)
Net change in unrealized depreciation on non-controlled, non-affiliated investments (4,249,642) (3,721,602)
Net change in unrealized appreciation on foreign currency translation 1,874  
Provision for taxes on net unrealized appreciation on investments (78,760) (21,157)
Net Increase in Net Assets Resulting from Operations $ 4,736,147 $ 5,222,164
Net Investment Income Per Share - basic $ 0.46 $ 0.28
Net Investment Income Per Share - diluted 0.46 0.28
Net Increase in Net Assets Resulting from Operations Per Share Basic (in dollars per share) 0.24 0.27
Net Increase in Net Assets Resulting from Operations Per Share Diluted (in dollars per share) $ 0.24 $ 0.27
Weighted Average Shares of Common Stock Outstanding Basic 19,779,988 19,517,761
Weighted Average Shares of Common Stock Outstanding Diluted 19,779,988 19,517,761
Distributions Per Share - basic and diluted $ 0.40 $ 0.28