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CREDIT FACILITY - Interest Expense and Amortized Loan Fees (Details) - Senior Secured Revolving Credit Agreement - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
CREDIT FACILITY        
Interest expense $ 3,870,571 $ 1,805,978 $ 7,566,047 $ 3,223,712
Loan fee amortization 145,421 140,420 289,243 272,959
Total interest and financing expenses $ 4,015,992 $ 1,946,398 $ 7,855,290 $ 3,496,671
Weighted average interest rate 7.80% 3.40% 7.60% 3.10%
Effective interest rate (including fee amortization) 8.10% 3.80% 7.90% 3.50%
Average debt outstanding $ 198,482,726 $ 206,467,162 $ 200,490,808 $ 199,729,366
Cash paid for interest and unused fees $ 3,953,000 $ 1,856,900 $ 7,586,518 $ 3,230,338