XML 58 R47.htm IDEA: XBRL DOCUMENT v3.24.3
Fair Value Measurements Investments, Changes in Fair Value of Investments that Use Level 3 Inputs (Details)
 3 Months Ended 9 Months Ended
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Sep. 30, 2024
USD ($)
PortfolioCompany
Sep. 30, 2023
USD ($)
PortfolioCompany
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Fair value, beginning of period $ 325,772,154 $ 350,758,810 $ 376,992,972 $ 303,195,681
Net realized gain (loss) on investments     2,034,517 45,283
Net change in unrealized gain (loss) on investments (226,441) (1,117,559) (10,862,337) 88,174
Purchases of investments and other adjustments to cost [1] 22,117,445 34,595,699 27,756,561 87,333,010
Proceeds from sales of investments     (2,749,081) (2,679,712)
Proceeds from principal repayments [2] (2,181,874) (7,273,540) (47,691,348) (11,019,026)
Lien status change     0 [3] 0
Fair value, end of period 345,481,284 376,963,410 345,481,284 376,963,410
Transfer into Level 3 0 0 0 0
Transfer out of Level 3 0 0 0 0
Fair Value, Inputs, Level 3 [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Net change in unrealized gain (loss) on investments (226,441) (1,117,559) (10,862,337) 88,174
First Lien Senior Secured Loan [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Fair value, beginning of period 266,987,705 300,442,483 319,229,009 260,982,122
Net realized gain (loss) on investments     0 45,283
Net change in unrealized gain (loss) on investments (2,032,140) (1,102,579) (4,840,190) (2,563,379)
Purchases of investments and other adjustments to cost [1] 18,557,493 29,568,585 23,969,777 76,767,867
Proceeds from sales of investments     (116,674) (2,679,712)
Proceeds from principal repayments [2] (2,130,976) (7,222,643) (47,515,376) (10,866,335)
Lien status change     (9,344,464) [3] 0
Fair value, end of period 281,382,082 321,685,846 281,382,082 321,685,846
Second Lien Senior Secured Loan [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Fair value, beginning of period 6,073,644 6,201,918 6,059,372 6,250,270
Net realized gain (loss) on investments     0 0
Net change in unrealized gain (loss) on investments 73,855 83,320 188,237 115,818
Purchases of investments and other adjustments to cost [1] 21,490 (15,627) 29,415 5,317
Proceeds from sales of investments     0 0
Proceeds from principal repayments [2] (50,898) (50,897) (158,933) (152,691)
Lien status change     0 [3] 0
Fair value, end of period 6,118,091 6,218,714 6,118,091 6,218,714
Senior Unsecured Notes [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Fair value, beginning of period 3,427,073 1,594,222 1,384,446 0
Net realized gain (loss) on investments     0 0
Net change in unrealized gain (loss) on investments 0 (166,748) (1,384,446) (270,298)
Purchases of investments and other adjustments to cost [1] 0 0 8,874 69,697
Proceeds from sales of investments     0 0
Proceeds from principal repayments [2] 0 0 0 0
Lien status change     3,418,199 [3] 1,628,075
Fair value, end of period 3,427,073 1,427,474 3,427,073 1,427,474
Preferred Equity Securities [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Fair value, beginning of period 40,480,202 31,765,981 41,804,395 27,088,732
Net realized gain (loss) on investments     2,034,517 0
Net change in unrealized gain (loss) on investments 1,254,589 1,834,924 (4,860,702) 3,112,737
Purchases of investments and other adjustments to cost [1] 3,538,462 5,042,741 3,748,495 10,070,252
Proceeds from sales of investments     (2,632,407) 0
Proceeds from principal repayments [2] 0 0 (17,039) 0
Lien status change     5,195,994 [3] (1,628,075)
Fair value, end of period 45,273,253 38,643,646 45,273,253 38,643,646
Warrants and Other Equity Securities [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Fair value, beginning of period 5,985,419 7,584,040 5,706,423 5,829,429
Net realized gain (loss) on investments     0 0
Net change in unrealized gain (loss) on investments 477,255 (1,329,513) 25,980 5,221
Purchases of investments and other adjustments to cost [1] 0 0 0 419,877
Proceeds from sales of investments     0 0
Proceeds from principal repayments [2] 0 0 0 0
Lien status change     730,271 [3] 0
Fair value, end of period 6,462,674 6,254,527 6,462,674 6,254,527
Fund Investments [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Fair value, beginning of period 2,818,111 3,170,166 2,809,327 3,045,128
Net realized gain (loss) on investments     0 0
Net change in unrealized gain (loss) on investments 0 (436,963) 8,784 (311,925)
Purchases of investments and other adjustments to cost [1] 0 0 0 0
Proceeds from sales of investments     0 0
Proceeds from principal repayments [2] 0 0 0 0
Lien status change     0 [3] 0
Fair value, end of period $ 2,818,111 $ 2,733,203 2,818,111 2,733,203
Portfolio 2 [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Investment, net     $ 20,642,363  
Number of new portfolio companies | PortfolioCompany     2  
Portfolio 3 [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Investment, net     $ 2,134,380  
Number of existing portfolio companies | PortfolioCompany     3  
Portfolio 7 [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Investment, net       $ 66,166,847
Number of existing portfolio companies | PortfolioCompany       12
Number of new portfolio companies | PortfolioCompany       7
Portfolio 12 [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Investment, net       $ 18,370,033
[1] Includes purchases of new investments, premium and discount accretion and amortization and PIK interest.Includes purchases of new investments, premium and discount accretion and amortization and PIK interest.Includes purchases of new investments, premium and discount accretion and amortization and PIK interest.Includes purchases of new investments, premium and discount accretion and amortization and PIK interest.
[2] Includes paydowns receivable from the Consolidated Statements of Assets and Liabilities.Includes paydowns receivable from the Consolidated Statements of Assets and Liabilities.Includes paydowns receivable from the Consolidated Statements of Assets and Liabilities.Includes paydowns receivable from the Consolidated Statements of Assets and Liabilities.
[3] Lien conversions are fair valued at beginning of period on January 1, 2024, April 1, 2024 or at time of restructure.