Income Taxes (Tables)

3 Months Ended

Mar. 31, 2026

Income Taxes [Abstract]

Permanent Differences Reclassified for Tax Purposes

The following permanent differences were reclassified for tax purposes for the year ended December 31, 2025:

	For the year ended December 31, 2025
Increase (decrease) in capital in excess of par value	$	3,844,330
Increase (decrease) in accumulated undistributed (overdistributed) earnings		(3,844,330	)

Components of Distributions Declared

The following table provides the tax character of distributions declared for the year ended December 31, 2025:

	For the year ended December 31, 2025
Ordinary income	$	22,467,977
Long-term capital gains		812,178
Total	$	23,280,155

Excise Taxes Related to Regulated Investment Company (RIC)

The Company recognized the following excise taxes related to the Company’s status as a RIC:

	As of  March 31, 2026		As of  December 31, 2025
Excise tax expense	$	-	$	79,746
Total	$	-	$	79,746

Benefits (Provisions) for Deferred Taxes on Unrealized Appreciation and Depreciation on Investments

The Company recognized the following benefits (provisions) for deferred taxes on the change in unrealized appreciation and depreciation on investments held in the Holding Company:

	As of  March 31, 2026			As of  December 31, 2025
Benefit (provision) for taxes on unrealized appreciation (depreciation) on investments	$	(453,379	)	$	2,059,533
Total	$	(453,379	)	$	2,059,533