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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net increase (decrease) in net assets resulting from operations $ 2,404,774 $ 4,272,566
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided (used in) operating activities:    
Net change in unrealized (gain) loss on investments 3,317,725 705,598
Net accretion of discounts and amortization of premiums (561,124) (329,927)
Purchases of investments (789,898) (26,383,056)
Proceeds from principal payments 23,305,664 1,752,764
Amortization of deferred financing costs 140,521 172,264
Payment-in-kind interest income (1,470,542) (220,183)
Changes in operating assets and liabilities:    
Interest receivable (915,343) (287,658)
Prepaid expenses 0 (32,083)
Management fees payable, net of fee waivers (Note 6) 30,655 133,390
Incentive fees payable, net of fee waivers (Note 6) 1,225,518 344,961
Credit facility interest payable (262,881) 431,327
Other payables (22,840) 113,291
Professional fees payable 247,185 230,609
Legal fees payable 36,518 66,315
Reimbursement expense payable (42,729) 44,729
Net cash provided by (used in) operating activities 26,643,203 (18,985,093)
Cash flows from financing activities:    
Proceeds from issuance of common shares, including subscriptions received in advance 6,246,250 20,589,128
Payments in repurchase of shares (4,651,898) (2,746,139)
Proceeds from credit facility 0 23,500,000
Repayments of credit facility (27,000,000) (37,000,000)
Distributions paid (2,961,399) (2,169,650)
Net cash provided by (used in) financing activities (28,367,047) 2,173,339
Net increase (decrease) in Cash (1,723,844) (16,811,754)
Cash, beginning of period 5,045,540 18,958,445
Cash, end of period 3,321,696 2,146,691
Non cash operating activities:    
Interest received in kind 1,470,542 220,183
Supplemental and non cash financing activities:    
Shares issued from dividend reinvestment plan (see Note 10) 3,000,821 2,181,430
Supplemental Information:    
Cash paid for interest $ 3,548,264 $ 2,050,955