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CREDIT FACILITY - Interest Expense and Amortized Loan Fees (Details) - Senior Secured Revolving Credit Agreement - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
CREDIT FACILITY        
Interest expense $ 3,662,035 $ 3,870,571 $ 6,900,671 $ 7,566,047
Loan fee amortization 279,672 145,421 544,379 289,243
Total interest and financing expenses $ 3,941,707 $ 4,015,992 $ 7,445,050 $ 7,855,290
Weighted average interest rate 8.40% 7.80% 8.40% 7.60%
Effective interest rate (including fee amortization) 9.00% 8.10% 9.10% 7.90%
Average debt outstanding $ 175,362,520 $ 198,482,726 $ 164,873,233 $ 200,490,808
Cash paid for interest and unused fees $ 3,734,072 $ 3,953,000 $ 6,914,281 $ 7,586,518