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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING EXPENSES    
Management fees $ 3,852,233 $ 3,735,102
Valuation fees 156,507 147,073
Administrative services expenses 490,901 461,964
Income incentive fees 2,509,110 2,124,835
Capital gains incentive fee   (569,528)
Professional fees 339,627 430,848
Directors' fees 108,250 117,250
Insurance expense 124,989 120,546
Interest expense and other fees 7,767,573 7,886,424
Income tax expense 370,719 374,763
Other general and administrative expenses 245,275 178,450
Total Operating Expenses 15,965,184 15,007,727
Income incentive fee waiver (204,351)  
Total Operating Expenses, net of fee waivers 15,760,833 15,007,727
Net Investment Income 10,235,916 9,067,620
Net realized (loss) gain on non-controlled, non-affiliated investments (20,384,731) 34,967
Net realized loss on foreign currency translation (25,106) (39,912)
Net change in unrealized appreciation (depreciation) on controlled investments 23,518,590 (4,249,642)
Net change in unrealized appreciation (depreciation) on non-controlled, non-affiliated investments 22,982,020 (4,249,642)
Net change in unrealized (depreciation) appreciation on foreign currency translations (3,602) 1,874
Provision for taxes on net unrealized appreciation on investments (192,607) (78,760)
Net Increase in Net Assets Resulting from Operations $ 13,148,460 $ 4,736,147
Net Investment Income Per Share - basic $ 0.42 $ 0.46
Net Investment Income Per Share - diluted 0.42 0.46
Net Increase in Net Assets Resulting from Operations Per Share Basic (in dollars per share) 0.54 0.24
Net Increase in Net Assets Resulting from Operations Per Share Diluted (in dollars per share) $ 0.54 $ 0.24
Weighted Average Shares of Common Stock Outstanding Basic 24,125,642 19,779,988
Weighted Average Shares of Common Stock Outstanding Diluted 24,125,642 19,779,988
Distributions Per Share-basic and diluted $ 0.40 $ 0.40
Controlled investments    
INVESTMENT INCOME    
Interest income $ 81,636  
OPERATING EXPENSES    
Net change in unrealized appreciation (depreciation) on controlled investments 536,570  
Non-controlled/non-affiliated    
INVESTMENT INCOME    
Interest income 24,956,851 $ 23,408,604
Other income 958,262 666,743
Total Investment Income $ 25,996,749 $ 24,075,347