Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Taxes [Abstract]

Permanent Differences Reclassified for Tax Purposes

The following permanent differences were reclassified for tax purposes for the years ended December 31, 2023, December 31, 2022 and for the period from May 14, 2021 to December 31, 2021:

	For the year ended
	December 31, 2023			December 31, 2022				For the period May 14, 2021* to December 31, 2021
Increase (decrease) in capital in excess of par value		$	-		$	202,722			$	10,594,332
Increase (decrease) in accumulated undistributed (overdistributed) earnings			-			(202,722	)			(10,594,332	)

Reconciles Components of Accumulated Undistributed (Overdistributed) Earnings

The following table reconciles the components of accumulated undistributed (overdistributed) earnings:

	For the year ended
	December 31, 2023			December 31, 2022			For the period May 14, 2021* to December 31, 2021
Net accumulated change in unrealized gain (loss)	$	(1,559,013	)	$	2,090,736		$	3,399,241
Undistributed ordinary income		701,484			399,145			-
Other cumulative effect of timing differences		(224,715	)		(242,886	)		(261,056	)
Total accumulated undistributed (overdistributed) earnings	$	(1,082,244	)	$	2,246,995		$	3,138,185

Components of Distributions Declared

The following table provides the tax character of distributions declared for the years ended December 31, 2023, December 31, 2022 and for the period from May 14, 2021 to December 31, 2021:

	For the year ended
	December 31, 2023		December 31, 2022		For the period May 14, 2021* to December 31, 2021
Ordinary income	$	22,097,019	$	10,682,401	$	2,267,468
Redemption		-		-		13,457,540
Long-term capital gains		3,773		-		240,492
Total	$	22,100,792	$	10,682,401	$	15,965,500