XML 8 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Statements of Assets and Liabilities - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Investments, at fair value:    
Total investments $ 258,878,083 $ 253,875,915
Cash and cash equivalents 12,901,608 4,371,938
Interest receivable 2,964,053 3,043,248
Deferred offering costs 17,841 49,064
Deferred debt issuance costs 0 45,960
Prepaid expenses and other assets 240,146 105,409
Total assets 275,001,731 261,491,534
Liabilities    
Incentive fees payable (Note 3) 876,495 919,929
Debt (net of deferred issuance costs of $14,356 and $14,626, respectively) 95,644 19,595,374
Reimbursements due to the advisor 52,756 149,535
Payable for investments purchased 0 1,151,822
Interest and debt related payables 0 89,833
Accrued expenses and other liabilities 518,249 571,106
Total liabilities 1,543,144 22,477,599
Commitments and contingencies (Note 5)
Net Assets 273,458,587 239,013,935
Composition of net assets applicable to common shareholders    
Common stock, $0.001 par value; 300,000,000 shares authorized, 27,081,900 and 23,753,110 shares issued and outstanding as ofJune 30, 2024 and December 31, 2023, respectively 27,083 23,754
Paid-in capital in excess of par 280,361,564 245,279,448
Distributable earnings (loss) (6,930,060) (6,289,267)
Total net assets 273,458,587 239,013,935
Total liabilities and net assets $ 275,001,731 $ 261,491,534
Net assets per share $ 10.1 [1] $ 10.06
Non-Controlled, Non-Affiliated Investments    
Investments, at fair value:    
Total investments $ 258,878,083 $ 253,875,915
[1] Per share changes in net asset value are computed based on the actual number of shares outstanding during the time such activity occurred.