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RELATED PARTY ARRANGEMENTS - Investment Income Incentive Fee (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
RELATED PARTY ARRANGEMENTS          
Incentive fees $ 2,564,922 $ 2,705,200 $ 7,616,562 $ 7,433,039  
Incentive fee payable current 2,474,420   $ 2,474,420   $ 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 2,564,922 $ 2,705,200 $ 7,616,562 $ 7,433,039  
Income incentive fees written off 0   1,826,893    
Related party | Investment Advisory Agreement | Stellus Capital | Payment in Kind (PIK)          
RELATED PARTY ARRANGEMENTS          
Incentive fee payable 680,156   $ 680,156   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 3,154,576   $ 3,154,576   2,885,180
Incentive fee payable current $ 2,474,420   $ 2,474,420   $ 2,444,867