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Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net increase (decrease) in net assets resulting from operations $ 20,527,836 $ 4,918,304 $ 3,822,148
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 (3,222) 0 1,580
Change in net unrealized (appreciation)/ depreciation of investments 1,095,138 7,134,450 (1,669,324)
Net amortization of investment discounts and premiums (1,383,117) (1,061,078) (279,930)
Amortization of deferred debt issuance costs 196,300 310,284 167,718
Interest and dividend income paid in kind (1,535,999) (228,972) (26,479)
Changes in assets and liabilities:      
Purchases of investments (71,857,910) (115,975,758) (116,870,974)
Proceeds from disposition of investments 33,242,394 13,227,195 4,270,573
Decrease (increase) in interest receivable (1,186,671) (1,047,440) (807,950)
Increase (decrease) in incentive fees payable 919,929 (304,622) 304,622
Increase (decrease) in payable for investments purchased 878,825 (10,093,643) 8,383,118
Increase (decrease) in management fees payable (445,634) 445,634 0
Decrease (increase) in prepaid expenses and other assets 153,805 (160,929) (76,199)
Increase (decrease) in reimbursements due to the Advisor (135,752) 142,503 31,824
Increase (decrease) in interest and debt related payables (23,359) 39,751 73,441
Increase (decrease) in accrued capital gains incentive fees 0 (165,778) 165,778
Increase (decrease) in accrued expenses and other liabilities 87,938 191,421 193,928
Net cash provided by (used in) operating activities (19,469,499) (102,628,678) (102,316,126)
Financing activities      
Draws on credit facilities 41,500,000 107,500,000 50,000,000
Repayments of credit facility draws (59,500,000) (92,000,000) (28,000,000)
Proceeds from shares of common stock sold 65,216,667 95,316,667 55,183,333
Payments of debt issuance costs (100,000) 0 (618,638)
Payments of equity offering costs 0 0 (267,621)
Dividends paid to shareholders (26,132,059) (7,288,646) (2,216,478)
Net cash provided by (used in) financing activities 20,984,608 103,528,021 74,080,596
Net increase (decrease) in cash and cash equivalents (including restricted cash) 1,515,109 899,343 (28,235,530)
Cash and cash equivalents (including restricted cash) at beginning of period 2,856,829 1,957,486 30,193,016
Cash and cash equivalents (including restricted cash) at end of period 4,371,938 2,856,829 1,957,486
Supplemental cash flow information      
Interest payments 2,471,146 1,573,459 205,413
Excise tax payments 1,809 0 0
Dividends payable $ 0 $ 4,350,000 $ 0