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Investments
 12 Months Ended
Dec. 31, 2025
Investments [Abstract]  
Investments
Note 3. Investments

The following tables show the composition of the Company’s investment portfolio, at amortized cost and fair value (with corresponding percentage of total portfolio investments):

   
December 31, 2025
  
   
Amortized Cost
    
Fair Value
  
First Lien Senior Secured Loan
  
$
324,763,756
      
83.8
%
  
$
300,852,563
      
80.2
%
Senior Unsecured Notes
     5,728,949       1.5       3,763,831       1.0  
Preferred Equity Securities
    
51,468,339
      
13.3
      
62,479,421
      
16.7
  
Warrants and Other Equity Securities
    
2,515,593
      
0.7
      
6,022,684
      
1.6
  
Fund Investments
    
2,529,567
      
0.7
      
1,925,246
      
0.5
  
Total
  
$
387,006,204
      
100.0
%
  
$
375,043,745
      
100.0
%

   
December 31, 2024
  
   
Amortized Cost
    
Fair Value
  
First Lien Senior Secured Loan
  
$
316,588,427
      
83.7
%
  
$
304,120,042
      
80.5
%
Second Lien Senior Secured Loan
    
6,148,061
       1.6      
6,034,048
      
1.6
  
Senior Secured Notes
    341,103       0.1       341,103       0.1  
Senior Unsecured Notes     5,460,171       1.4       3,427,073       0.9  
Preferred Equity Securities
    
43,141,500
      
11.4
      
53,603,056
      
14.2
  
Warrants and Other Equity Securities
    
3,598,027
      
1.0
      
7,426,377
      
2.0
  
Fund Investments
     2,898,305       0.8       2,688,619       0.7  
Total
  
$
378,175,594
      
100.0
%
  
$
377,640,318
      
100.0
%

The following tables show the composition of the Company’s investment portfolio by geographic region, at amortized cost and fair value (with corresponding percentage of total portfolio investments). The geographic composition is determined by the location of the corporate headquarters of the portfolio company, which may not be indicative of the primary source of the portfolio company’s business:

   
December 31, 2025
  
   
Amortized Cost
    
Fair Value
  
Southeast
  
$
105,532,002
      
27.2
%
  
$
103,998,979
      
27.7
%
Midwest
    
60,910,065
      
15.7
      
64,907,855
      
17.3
  
West
    
103,275,095
      
26.8
      
94,822,761
      
25.3
  
Northeast
    
58,378,552
      
15.1
      
50,530,770
      
13.5
  
East
    
31,403,307
      
8.1
      
29,612,464
      
7.9
  
Southwest
    
7,836,636
      
2.0
      
6,830,412
      
1.8
  
South
    
19,670,547
      
5.1
      
24,340,504
      
6.5
  
Total
  
$
387,006,204
      
100.0
%
  
$
375,043,745
      
100.0
%

   
December 31, 2024
  
   
Amortized Cost
    
Fair Value
  
Southeast
  
$
117,080,225
      
30.9
%
  
$
117,034,924
      
31.1
%
West
    
82,054,389
      
21.7
      
79,102,675
      
20.9
  
Southwest
    
24,839,939
      
6.6
      
26,915,726
      
7.1
  
Northeast
    
46,304,903
      
12.2
      
40,825,353
      
10.8
  
Midwest
    
51,256,396
      
13.6
      
55,040,086
      
14.6
  
South
    
21,269,446
      
5.6
      
25,378,672
      
6.7
  
East
     35,370,296       9.4       33,342,882       8.8  
Total
  
$
378,175,594
      
100.0
%
  
$
377,640,318
      
100.0
%

The following tables show the composition of the Company’s investment portfolio by industry, at amortized cost and fair value (with corresponding percentage of total portfolio investments):

   
December 31, 2025
  
   
Amortized Cost
    
Fair Value
  
Aerospace & Defense
  
$
9,326,539
      
2.3
%
  
$
8,756,759
      
2.4
%
Building Products
     2,056,099       0.5       2,056,098       0.6  
Chemicals
     19,494,186       5.0       19,898,602       5.4  
Commercial Services & Supplies
    
13,882,178
      
3.6
      
14,183,797
      
3.8
  
Construction & Engineering
    
56,399,317
      
14.6
      
66,511,406
      
17.7
  
Consumer Finance
    
3,695,851
      
1.0
      
3,763,831
      
1.0
  
Distributors
    
14,822,272
      
3.8
      
7,300,311
      
1.9
  
Diversified Financials
    
2,529,567
      
0.7
      
1,925,246
      
0.5
  
Diversified Telecommunication Services
    
23,230,783
      
6.0
      
21,129,751
      
5.6
  
Electrical Equipment
    
11,193,385
      
2.9
      
877,249
      
0.2
  
Entertainment
    
33,166,183
      
8.6
      
31,388,774
      
8.4
  
Food Products
    
9,636,856
      
2.5
      
11,852,852
      
3.2
  
Healthcare Providers & Services
    
40,622,092
      
10.5
      
39,110,377
      
10.4
  
Hotels, Restaurants & Leisure
    
8,134,000
      
2.1
      
8,266,981
      
2.2
  
Household Durables
    
4,534,395
      
1.2
      
3,867,034
      
1.0
  
Household Products
    
13,061,081
      
3.4
      
13,833,981
      
3.7
  
Leisure Products
    
5,670,240
      
1.5
      
3,407,718
      
0.9
  
Machinery
    
4,382,109
      
1.1
      
3,645,509
      
1.0
  
Media
    
19,945,133
      
5.2
      
21,105,771
      
5.6
  
Personal Products
    
4,497,209
      
1.2
      
4,532,223
      
1.2
  
Professional Services
    
50,577,849
      
13.1
      
55,315,203
      
14.7
  
Software
    
997,283
      
0.3
      
640,379
      
0.2
  
Specialty Retail
     6,993,393       1.8       7,052,922       1.9  
Trading Companies & Distributors
    
18,154,523
      
4.7
      
14,804,024
      
3.9
  
Transportation Infrastructure
     10,003,681       2.6       9,816,947       2.6  
Total
  
$
387,006,204
      
100.0
%
  
$
375,043,745
      
100.0
%

   
December 31, 2024
  
   
Amortized Cost
    
Fair Value
  
Aerospace & Defense
  
$
8,918,780
      
2.4
%
  
$
8,103,579
      
2.1
%
Chemicals     14,623,342       3.9       14,812,499       3.9  
Commercial Services & Supplies
    
4,118,722
      
1.1
      
3,908,639
      
1.0
  
Construction & Engineering
    
75,685,424
      
19.9
      
83,705,436
      
22.3
  
Consumer Finance
    
3,427,073
      
0.9
      
3,427,073
      
0.9
  
Distributors
    
14,323,723
      
3.8
      
13,163,459
      
3.5
  
Diversified Financials
    
2,898,305
      
0.8
      
2,688,619
      
0.7
  
Diversified Telecommunication Services
    
22,915,391
      
6.1
      
23,137,607
      
6.1
  
Electrical Equipment
    
11,231,435
      
3.0
      
5,729,737
      
1.5
  
Entertainment
    
18,324,745
      
4.8
      
14,317,635
      
3.8
  
Food Products
    
9,662,293
      
2.6
      
11,608,503
      
3.1
  
Healthcare Providers & Services
    
43,990,733
      
11.6
      
41,162,604
      
10.9
  
Hotels, Restaurants & Leisure
    
4,891,016
      
1.3
      
4,910,952
      
1.3
  
Household Durables
    
4,534,757
      
1.2
      
3,057,209
      
0.8
  
Household Products
    
4,875,685
      
1.3
      
4,990,960
      
1.3
  
IT Services
    
12,433,640
      
3.3
      
12,558,929
      
3.3
  
Leisure Products
     5,449,787       1.4       3,230,877       0.9  
Machinery
     4,547,261       1.2       4,217,950       1.1  
Media
     22,096,440       5.8       26,926,042       7.1  
Personal Products
     4,360,968       1.2       4,404,301       1.2  
Professional Services
     51,365,785       13.5       58,307,390       15.4  
Software
    
997,284
      
0.3
      
965,151
      
0.3
  
Specialty Retail
     6,609,366       1.7       6,703,118       1.8  
Trading Companies & Distributors
     15,699,920       4.2       11,262,596       3.0  
Transportation Infrastructure     10,193,719       2.7       10,339,453       2.7  
Total
  
$
378,175,594
      
100.0
%
  
$
377,640,318
      
100.0
%