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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INVESTMENT INCOME        
Total Investment Income $ 25,696,602 $ 26,626,199 $ 50,648,260 $ 52,622,948
OPERATING EXPENSES        
Management fees 4,279,441 3,852,233 8,334,167 7,704,466
Valuation fees 38,507 35,711 196,396 192,218
Administrative services expenses 474,284 481,261 923,582 972,162
Income incentive fees 2,158,075 2,542,530 4,294,566 5,051,640
Professional fees 312,808 196,205 730,839 535,832
Directors' fees 93,250 114,250 204,500 222,500
Insurance expense 98,668 125,489 195,758 250,478
Interest expense and other fees 8,680,015 8,116,497 16,943,034 15,884,070
Income tax expense 428,951 574,037 928,498 944,756
Other general and administrative expenses 500,302 417,867 718,653 663,142
Total Operating Expenses 17,064,301 16,456,080 33,469,993 32,421,264
Income incentive fee waiver (928,926) (1,622,542) (2,171,769) (1,826,893)
Total Operating Expenses, net of fee waivers 16,135,375 14,833,538 31,298,224 30,594,371
Net Investment Income 9,561,227 11,792,661 19,350,036 22,028,577
Net realized loss on foreign currency translations (20,003) (29,789) (49,658) (54,895)
Net change in unrealized appreciation on controlled investments 1,433,667 (5,586,681)    
Net change in unrealized appreciation (depreciation) on non-controlled, non-affiliated investments 143,176 (5,724,870) 1,281,193 17,257,150
Net change in unrealized appreciation (depreciation) on foreign currency translations 30,546 (5,887) 38,865 (9,489)
Benefit for taxes on net unrealized depreciation on investments   381,500   188,893
Net Increase in Net Assets Resulting from Operations $ 10,145,410 $ 8,544,286 $ 15,138,955 $ 21,692,746
Net Investment Income Per Share - basic $ 0.34 $ 0.48 $ 0.69 $ 0.9
Net Investment Income Per Share - diluted 0.34 0.48 0.69 0.9
Net Increase in Net Assets Resulting from Operations Per Share Basic (in dollars per share) 0.36 0.35 0.54 0.89
Net Increase in Net Assets Resulting from Operations Per Share Diluted (in dollars per share) $ 0.36 $ 0.35 $ 0.54 $ 0.89
Weighted Average Shares of Common Stock Outstanding Basic 28,412,849 24,733,966 28,009,969 24,429,804
Weighted Average Shares of Common Stock Outstanding Diluted 28,412,849 24,733,966 28,009,969 24,429,804
Distributions Per Share-basic and diluted $ 0.4 $ 0.41 $ 0.8 $ 0.81
Controlled investments        
INVESTMENT INCOME        
Interest income       $ 81,636
OPERATING EXPENSES        
Net realized gain (loss) on investments $ (1,132,576)   $ (1,132,576)  
Net change in unrealized appreciation on controlled investments 1,290,491 $ 138,189 1,345,767 674,759
Non-controlled/non-affiliated        
INVESTMENT INCOME        
Interest income 24,654,205 25,164,944 48,781,321 50,121,795
Other income 1,042,397 1,461,255 1,866,939 2,419,517
OPERATING EXPENSES        
Net realized gain (loss) on investments $ 272,549 $ 1,992,482 $ (5,694,672) $ (18,392,249)