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Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net increase (decrease) in net assets resulting from operations $ 4,272,566 $ 1,162,747
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided (used in) operating activities:    
Net realized (gain) loss on investments 0 (23,917)
Net change in unrealized (gain) loss on investments 705,598 81,363
Net accretion of discounts and amortization of premiums (329,927) (124,053)
Purchases of investments (26,383,056) (33,972,860)
Proceeds from sales of investments 0 2,803,043
Proceeds from principal payments 1,752,764 2,950,038
Amortization of deferred financing costs 172,264 31,250
Payment-in-kind interest income (220,183) (113,484)
Changes in operating assets and liabilities:    
Interest receivable (287,658) (96,354)
Prepaid expenses (32,083) 0
Management fees payable, net of fee waivers (Note 6) 133,390 (208,395)
Incentive fees payable, net of fee waivers (Note 6) 344,961 179,777
Credit facility interest payable 431,327 162,010
Other payables 113,291 156,517
Professional fees payable 230,609 69,089
Legal fees payable 66,315 106,920
Reimbursement expense payable 44,729 18,932
Net cash provided by (used in) operating activities (18,985,093) (26,817,377)
Cash flows from financing activities:    
Proceeds from issuance of common shares, including subscriptions received in advance 20,589,128 25,388,944
Payments in repurchase of shares (2,746,139) 0
Proceeds from credit facility 23,500,000 10,000,000
Repayments of credit facility (37,000,000) 0
Distributions paid (2,169,650) (662,190)
Deferred financing and debt issuance costs paid 0 (218,750)
Net cash provided by (used in) financing activities 2,173,339 34,508,004
Net increase (decrease) in Cash (16,811,754) 7,690,627
Cash, beginning of period 18,958,445 2,491,307
Cash, end of period 2,146,691 10,181,934
Non cash operating activities:    
Interest received in kind 220,183 113,484
Supplemental and non cash financing activities:    
Shares issued from dividend reinvestment plan (see Note 10) 2,181,430 615,437
Supplemental Information:    
Cash paid for interest $ 2,050,955 $ 114,173