CREDIT FACILITY (Tables) - Senior Secured Revolving Credit Agreement

12 Months Ended

Dec. 31, 2023

CREDIT FACILITY

Schedule of credit facility net of prepaid loan structure fees

	December 31, 2023		December 31, 2022
Credit Facility payable	$	160,085,705	$	199,200,425
Prepaid loan structure fees		(3,520,929)		(1,515,144)
Credit Facility payable, net of prepaid loan structure fees	$	156,564,776	$	197,685,281

Schedule of interest expense and amortized loan fees

	For the year ended
	December 31, 2023			December 31, 2022			December 31, 2021
Interest expense	$	14,723,463		$	9,190,425		$	5,231,698
Loan fee amortization		657,323			567,375			519,653
Total interest and financing expenses	$	15,380,786		$	9,757,800		$	5,751,351
Weighted average interest rate		7.9	%		4.4	%		2.8	%
Effective interest rate (including fee amortization)		8.3	%		4.8	%		3.3	%
Average debt outstanding	$	186,144,622		$	204,276,134		$	176,870,712
Cash paid for interest and unused fees	$	14,523,350		$	9,034,765		$	5,271,348