CREDIT FACILITY (Tables) - Senior Secured Revolving Credit Agreement

12 Months Ended

Dec. 31, 2024

CREDIT FACILITY

Schedule of credit facility net of prepaid loan structure fees

	December 31, 2024		December 31, 2023
Credit Facility payable	$	175,386,301	$	160,085,705
Prepaid loan structure fees		(3,071,986)		(3,520,929)
Credit Facility payable, net of prepaid loan structure fees	$	172,314,315	$	156,564,776

Schedule of interest expense and amortized loan fees

	For the year ended
	December 31, 2024			December 31, 2023			December 31, 2022
Interest expense	$	13,561,089		$	14,723,463		$	9,190,425
Loan fee amortization		1,140,079			657,323			567,375
Total interest and financing expenses	$	14,701,168		$	15,380,786		$	9,757,800
Weighted average interest rate		8.3	%		7.9	%		4.4	%
Effective interest rate (including fee amortization)		8.9	%		8.3	%		4.8	%
Average debt outstanding	$	164,265,069		$	186,144,622		$	204,276,134
Cash paid for interest and unused fees	$	13,548,076		$	14,523,350		$	9,034,765