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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended 141 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Sep. 30, 2023
Cash flows from operating activities            
Net increase in net assets resulting from operations $ (2,397,390) $ 3,955,529 $ 6,049,800 $ 10,513,540    
Adjustments to reconcile net increase in net assets from operations to net cash used in operating activities:            
Purchases of investments     (139,650,422) (180,956,810)    
Proceeds from sales and repayments of investments     79,053,967 74,385,466    
Net change in unrealized depreciation on investments 13,793,320 4,798,980 24,338,195 12,810,173    
Net change in unrealized depreciation on foreign currency translations     21,087 28,405    
Increase in investments due to PIK     (2,732,530) (1,010,061)    
Amortization of premium and accretion of discount, net     (2,078,183) (1,839,720) $ (2,519,462)  
Deferred tax provision 312 (30,535) 144,425 151,278    
Amortization of loan structure fees     436,257 420,356    
Amortization of deferred financing costs     334,122 334,122    
Amortization of loan fees on SBA-guaranteed debentures     938,247 905,294    
Net realized gain on investments     (324,782) (4,658,817)    
Changes in other assets and liabilities            
Increase in interest receivable     (1,615,612) (907,787)    
Increase in other receivables     (26,250) (5,743)    
Increase in related party receivables       (19,034)    
Decrease in prepaid expenses     517,512 293,135    
(Decrease) increase in management fees payable     (3,217,286) 3,578,496    
Increase in income incentive fees payable     594,142 160,521    
Decrease in capital gains incentive fees payable     (569,528) (1,672,549)    
Increase (decrease) in administrative services payable     45,708 (9,481)    
Decrease in interest payable     (3,324,507) (2,808,314)    
Decrease in related party payable     (1,060,321)      
Increase (decrease) in unearned revenue     22,535 (185,171)    
Decrease in income tax payable     (59,004) (2,183,176)    
(Decrease) increase in other accrued expenses and liabilities     (272,305) 59,623    
Net Cash Used in Operating Activities     (42,434,733) (92,616,254)    
Cash flows from Financing Activities            
Proceeds from the issuance of common stock     63,348,436 420,004   $ 341,671,926
Sales load for common stock issued     (943,248) (5,957)    
Offering costs paid for common stock issued     (225,085) (335,953)    
Stockholder distributions paid     (22,663,688) (17,708,494)    
Proceeds from SBA-guaranteed debentures     11,400,000 56,000,000    
Financing costs paid on SBA-guaranteed debentures     (277,590) (1,363,600)    
Financing costs paid on Credit facility     (35,000) (193,659)    
Borrowings under Credit Facility     79,700,000 121,608,702    
Repayments of Credit Facility     (116,701,700) (97,559,902)    
Net Cash Provided by Financing Activities     13,602,125 60,861,141    
Net Decrease in Cash and Cash Equivalents     (28,832,608) (31,755,113)    
Cash and Cash Equivalents Balance at Beginning of Period     48,043,329 44,174,856 44,174,856  
Cash and Cash Equivalents Balance at End of Period $ 19,210,721 $ 12,419,743 19,210,721 12,419,743 $ 48,043,329 $ 19,210,721
Supplemental and Non-Cash Activities            
Cash paid for interest expense     25,653,343 18,012,797    
Income and excise tax paid     1,141,061 3,249,944    
Increase in dividends payable     3,215,948 1,043,498    
(Decrease) increase in deferred offering costs     $ (1,100) $ 227,109