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CREDIT FACILITY - Interest Expense and Amortized Loan Fees (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
7.250% Notes due 2030        
CREDIT FACILITY        
Interest expense $ 1,374,375   $ 1,374,375  
Total interest and financing expenses $ 1,487,755   $ 1,487,755  
Weighted average interest rate 7.40%   7.40%  
Effective interest rate (including fee amortization) 8.00%   8.00%  
Average debt outstanding $ 75,000,000   $ 75,000,000  
Cash paid for interest and unused fees 15,000   15,000  
Senior Secured Revolving Credit Agreement        
CREDIT FACILITY        
Interest expense 2,868,425 $ 3,662,035 6,757,582 $ 6,900,671
Loan fee amortization 319,127 279,672 634,745 544,379
Total interest and financing expenses $ 3,187,552 $ 3,941,707 $ 7,392,327 $ 7,445,050
Weighted average interest rate 7.60% 8.40% 7.30% 8.40%
Effective interest rate (including fee amortization) 8.40% 9.00% 8.00% 9.10%
Average debt outstanding $ 152,222,442 $ 175,362,520 $ 186,115,274 $ 164,873,233
Cash paid for interest and unused fees $ 2,901,866 $ 3,734,072 $ 6,712,888 $ 6,914,281