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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Investment Company, Change In Net Assets For the years ended December 31, 2024, 2023 and 2022, permanent differences were as follows:
For the Year Ended December 31,
202420232022
Undistributed net investment income (loss)$10,423 $19,037 $18,239 
Accumulated net realized gain (loss)$27,503 $17,695 $(12,226)
Paid In Capital$(37,926)$(36,732)$(6,013)
Federal Income Tax Note
The following reconciles the increase in net assets resulting from operations to taxable income for the years ended December 31, 2024, 2023 and 2022:
For the Year Ended December 31,
2024 (1)
20232022
Net increase (decrease) in net assets resulting from operations$3,484,528 $3,363,183 $663,070 
Net change in unrealized (appreciation) depreciation97,287 (615,705)1,045,678 
Realized gains (losses) for tax not included in book income(479,261)(188,075)31,297 
Non-deductible capital gains based incentive fees— — (15,058)
Other non-deductible expenses and excise taxes37,574 35,795 5,117 
Realized losses for tax not recognized612,779 489,701 220,696 
Taxable/distributable income$3,752,907 $3,084,899 $1,950,800 
(1)Tax information for the fiscal year ended December 31, 2024 is estimated and is not considered final until the Company files its tax return.
The cost and unrealized gain (loss) of the Company’s investments, as calculated on a tax basis, at December 31, 2024, December 31, 2023 and December 31, 2022 were as follows:
For the Year Ended December 31,
202420232022
Gross unrealized appreciation$737,027 $603,243 $236,140 
Gross unrealized depreciation(1,356,878)(933,876)(1,303,014)
Net unrealized appreciation (depreciation)$(619,851)$(330,633)$(1,066,874)
Tax cost of investments$69,039,629 $51,074,545 $49,975,483 
Schedule of Accumulated Gains (Losses) as Calculated on Tax Basis
The components of accumulated gains / losses as calculated on a tax basis for the years ended December 31, 2024, 2023 and 2022 were as follows:
For the Year Ended December 31,
202420232022
Distributable ordinary income$972,389 $712,713 $190,977 
Capital losses carried forward(612,779)(489,701)(220,696)
Other temporary book/tax differences799 872 (2,856)
Net unrealized appreciation / (depreciation) on investments, derivatives, and foreign currency(478,314)(380,039)(981,364)
Total accumulated under-distributed (over-distributed) earnings$(117,905)$(156,155)$(1,013,939)
Summary of Tax Credit Carryforwards Capital losses for the years ended December 31, 2024, 2023 and 2022, which will be deemed to arise on the first day of the tax years ended December 31, 2025, 2024 and 2023 were as follows:
For the Year Ended December 31,
202420232022
Short-term:$79,742 $98,417 $86,229 
Long-term:$533,037 $391,284 $134,468