XML 85 R69.htm IDEA: XBRL DOCUMENT v3.25.0.1
CREDIT FACILITY - Interest Expense and Amortized Loan Fees (Details) - Senior Secured Revolving Credit Agreement - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CREDIT FACILITY      
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 8.30% 7.90% 4.40%
Effective interest rate (including fee amortization) 8.90% 8.30% 4.80%
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