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RELATED PARTY ARRANGEMENTS - Investment Income Incentive Fee (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
RELATED PARTY ARRANGEMENTS          
Incentive fees $ 2,705,200 $ 1,635,641 $ 7,433,039 $ 1,635,641  
Incentive fee payable current 2,622,778   $ 2,622,778   $ 2,083,928
Stellus Capital          
RELATED PARTY ARRANGEMENTS          
Pre-Incentive fee net investment income, quarter hurdle rate     2.00%    
Pre-Incentive fee net investment income, annual hurdle rate     8.00%    
Incentive fee paid to investment advisor     $ 0    
Cumulative pre-incentive fee net rate of return     20.00%    
Incentive fees 2,705,200 $ 1,635,641 $ 7,433,039 $ 1,635,641  
Incentive fee payable 3,058,550   3,058,550   2,464,408
Incentive fee payable current 2,622,778   2,622,778   2,083,928
Stellus Capital | Payment in Kind (PIK)          
RELATED PARTY ARRANGEMENTS          
Incentive fee payable $ 435,772   $ 435,772   $ 380,480
Stellus Capital | Scenario, Hurdle Rate Less Than 2.5%          
RELATED PARTY ARRANGEMENTS          
Pre-Incentive fee net investment income, quarter hurdle rate     2.50%    
Cumulative pre-incentive fee net rate of return     100.00%    
Stellus Capital | Scenario, Hurdle Rate Greater Than Than 2.5%          
RELATED PARTY ARRANGEMENTS          
Pre-Incentive fee net investment income, annual hurdle rate     10.00%