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CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($)
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Fair value of investments $ 953,497,688 $ 874,460,683
Cash and cash equivalents 20,058,594 26,125,741
Receivable for sales and repayments of investments 335,689 371,877
Interest receivable 4,947,765 4,882,338
Income tax receivable 1,301,965 1,588,708
Deferred offering costs 0 7,312
Prepaid expenses 666,866 606,674
Total Assets 980,900,249 908,086,328
LIABILITIES    
Notes Payable 99,444,355 98,996,412
Credit Facility payable 172,314,315 156,564,776
SBA-guaranteed debentures 321,251,939 320,273,358
Dividends payable 3,663,233  
Management fees payable 4,034,109 2,918,536
Income incentive fees payable 3,109,560 2,885,180
Interest payable 5,281,343 5,241,164
Unearned revenue 548,626 397,725
Administrative services payable 393,513 402,151
Deferred tax liability   188,893
Other accrued expenses and liabilities 937,316 278,345
Total Liabilities 610,978,309 588,146,540
Commitments and contingencies (Note 7)
Net Assets 369,921,940 319,939,788
NET ASSETS    
Common stock, par value $0.001 per share (100,000,000 shares authorized; 27,481,118 and 24,125,642 issued and outstanding, respectively) 27,481 24,125
Paid-in capital 379,549,272 335,918,984
Total distributable loss (9,654,813) (16,003,321)
Net Assets 369,921,940 319,939,788
Total Liabilities and Net Assets $ 980,900,249 $ 908,086,328
Net Asset Value Per Share $ 13.46 $ 13.26
Related party    
ASSETS    
Other receivables $ 3,687  
Nonrelated party    
ASSETS    
Other receivables 87,995 $ 42,995
Controlled investments    
ASSETS    
Fair value of investments 7,652,436 6,175,994
Non-controlled/non-affiliated    
ASSETS    
Fair value of investments $ 945,845,252 $ 868,284,689