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RELATED PARTY ARRANGEMENTS - Investment Income Incentive Fee (Details) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
RELATED PARTY ARRANGEMENTS      
Incentive fees $ 2,509,110 $ 2,124,835  
Incentive fee payable current $ 2,232,367   $ 2,444,867
Related party | Investment Advisory Agreement | 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 $ 2,509,110 $ 2,124,835  
Income incentive fees written off 204,351    
Related party | Investment Advisory Agreement | Stellus Capital | Payment in Kind (PIK)      
RELATED PARTY ARRANGEMENTS      
Incentive fee payable $ 512,706   440,313
Related party | Investment Advisory Agreement | Stellus Capital | Scenario, Hurdle Rate Less Than 2.5%      
RELATED PARTY ARRANGEMENTS      
Pre-Incentive fee net investment income, quarter hurdle rate 2.50%    
Pre-Incentive fee net investment income, annual hurdle rate 10.00%    
Cumulative pre-incentive fee net rate of return 100.00%    
Related party | Investment Advisory Agreement | Stellus Capital | Scenario, Hurdle Rate Greater Than Than 2.5%      
RELATED PARTY ARRANGEMENTS      
Pre-Incentive fee net investment income, quarter hurdle rate 2.50%    
Pre-Incentive fee net investment income, annual hurdle rate 10.00%    
Cumulative pre-incentive fee net rate of return 20.00%    
Stellus Capital      
RELATED PARTY ARRANGEMENTS      
Incentive fee payable $ 2,745,073   2,885,180
Incentive fee payable current $ 2,232,367   $ 2,444,867