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Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net increase (decrease) in net assets resulting from operations $ 11,401,016 $ 3,526,412
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 (45,283) (23,917)
Net change in unrealized (gain) loss on investments (1,205,733) 21,025
Net accretion of discounts and amortization of premiums (723,405) (301,718)
Purchases of investments (50,997,217) (105,204,160)
Proceeds from sales of investments 2,679,712 2,803,043
Proceeds from principal payments 3,471,989 5,092,702
Amortization of deferred financing costs 343,483 98,618
Payment-in-kind interest income (1,016,689) (229,849)
Changes in operating assets and liabilities:    
Interest receivable (1,509,924) (298,189)
Prepaid expenses (43,343) 0
Management fees payable, net of fee waivers (Note 6) 1,209,493 419,960
Incentive fees payable, net of fee waivers (Note 6) 1,428,394 (225,883)
Credit facility interest payable 682,361 813,852
Other payables 185,905 75,852
Professional fees payable 220,603 150,540
Legal fees payable 34,114 57,288
Reimbursement expense payable 112,403 60,724
Net cash provided by (used in) operating activities (33,772,121) (93,163,700)
Cash flows from financing activities:    
Proceeds from issuance of common shares, including subscriptions received in advance 29,047,129 28,996,943
Payments in repurchase of shares (6,998,330) 0
Proceeds from credit facility 55,500,000 67,000,000
Repayments of credit facility (48,500,000) 0
Distributions paid (4,654,753) (1,288,578)
Deferred financing and debt issuance costs paid 0 (945,000)
Net cash provided by (used in) financing activities 24,394,046 93,763,365
Net increase (decrease) in Cash (9,378,075) 599,665
Cash, beginning of period 18,958,445 2,491,307
Cash, end of period 9,580,370 3,090,972
Non cash operating activities:    
Interest received in kind 1,016,689 229,849
Supplemental and non cash financing activities:    
Shares issued from dividend reinvestment plan (see Note 10) 4,670,184 1,176,320
Supplemental Information:    
Cash paid for interest $ 4,548,486 $ 401,542