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CREDIT FACILITY - Interest Expense and Amortized Loan Fees (Details) - Senior Secured Revolving Credit Agreement - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
CREDIT FACILITY        
Interest expense $ 3,471,508 $ 3,697,085 $ 10,372,179 $ 11,263,132
Loan fee amortization 281,512 147,014 825,891 436,257
Total interest and financing expenses $ 3,753,020 $ 3,844,099 $ 11,198,070 $ 11,699,389
Weighted average interest rate 8.20% 8.20% 8.30% 7.80%
Effective interest rate (including fee amortization) 8.90% 8.60% 9.00% 8.10%
Average debt outstanding $ 168,397,547 $ 178,024,719 $ 166,056,580 $ 193,547,859
Cash paid for interest and unused fees $ 3,617,115 $ 3,538,976 $ 10,531,396 $ 11,125,494