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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net increase (decrease) in net assets resulting from operations $ 2,376,518 $ 11,401,016
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 (2,034,517) (45,283)
Net change in unrealized (gain) loss on investments 10,635,896 (1,205,733)
Net accretion of discounts and amortization of premiums (940,978) (723,405)
Purchases of investments (2,134,380) (50,997,217)
Proceeds from sales of investments 2,749,081 2,679,712
Proceeds from principal payments 46,038,238 3,471,989
Amortization of deferred financing costs 284,919 343,483
Payment-in-kind interest income (2,563,758) (1,016,689)
Changes in operating assets and liabilities:    
Interest receivable (1,658,349) (1,509,924)
Prepaid expenses 0 (43,343)
Management fees payable, net of fee waivers (Note 6) 107,234 1,209,493
Incentive fees payable, net of fee waivers (Note 6) (1,617,470) 1,428,394
Credit facility interest payable (588,870) 682,361
Other payables (38,988) 185,905
Professional fees payable (826) 220,603
Legal fees payable 36,293 34,114
Reimbursement expense payable 41,774 112,403
Net cash provided by (used in) operating activities 50,691,817 (33,772,121)
Cash flows from financing activities:    
Proceeds from issuance of common shares, including subscriptions received in advance 20,201,750 29,047,129
Payments in repurchase of shares (9,531,587) (6,998,330)
Proceeds from credit facility 6,000,000 55,500,000
Repayments of credit facility (49,000,000) (48,500,000)
Distributions paid (6,022,443) (4,654,753)
Deferred financing and debt issuance costs paid (1,798,501) 0
Net cash provided by (used in) financing activities (40,150,781) 24,394,046
Net increase (decrease) in Cash 10,541,036 (9,378,075)
Cash, beginning of period 5,045,540 18,958,445
Cash, end of period 15,586,576 9,580,370
Non cash operating activities:    
Interest received in kind 2,563,758 1,016,689
Supplemental and non cash financing activities:    
Shares issued from dividend reinvestment plan (see Note 10) 5,839,036 4,670,184
Supplemental Information:    
Cash paid for interest $ 6,836,432 $ 4,548,486