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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net increase (decrease) in net assets resulting from operations $ 1,147,736 $ 2,404,774
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net realized (gain) loss on investments (1,863,881) 0
Net change in unrealized (gain) loss on investments 4,880,585 3,317,725
Net accretion of discounts and amortization of premiums (775,181) (561,124)
Purchases of investments (18,522,548) (789,898)
Proceeds from sales of investments 26,948 0
Proceeds from principal payments 15,157,155 23,305,664
Amortization of deferred financing costs 137,400 140,521
Payment-in-kind interest income (1,051,324) (1,470,542)
Changes in operating assets and liabilities:    
Interest receivable (765,692) (915,343)
Prepaid expenses 4,744 0
Management fees payable (Note 6) 187,647 30,655
Incentive fees payable (Note 6) 866,402 1,225,518
Credit facility interest payable 1,786 (262,881)
Professional fees payable (105,547) 247,185
Deferred tax liabilities 50,148 0
Other payables 721,147 (22,840)
Legal fees payable 37,014 36,518
Reimbursement expense payable 100,054 (42,729)
Due to feeder fund 22,720 0
Net cash provided by (used in) operating activities 257,313 26,643,203
Cash flows from financing activities:    
Proceeds from issuance of common shares, including subscriptions received in advance 8,765,989 6,246,250
Payments in repurchase of shares (5,637,890) (4,651,898)
Proceeds from credit facility 19,300,000 0
Repayments of credit facility (19,500,000) (27,000,000)
Distributions paid (2,651,253) (2,961,399)
Deferred financing and debt issuance costs paid 15,625 0
Net cash provided by (used in) financing activities 292,471 (28,367,047)
Net increase (decrease) in cash 549,784 (1,723,844)
Cash, beginning of period 4,028,665 5,045,540
Cash, end of period 4,578,449 3,321,696
Non cash operating activities:    
Interest received in kind 1,051,324 1,470,542
Supplemental and non cash financing activities:    
Shares issued from dividend reinvestment plan (see Note 10) 2,671,518 3,000,821
Supplemental Information:    
Cash paid for interest $ 2,138,727 $ 3,548,264