XML 38 R32.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Summary of Significant Accounting Policies - Schedule of Changes in Investments (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Marketable Securities [Line Items]        
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Unrealized Gain (Loss) on Investments Unrealized Gain (Loss) on Investments Unrealized Gain (Loss) on Investments Unrealized Gain (Loss) on Investments
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Unrealized Gain (Loss) on Investments Unrealized Gain (Loss) on Investments Unrealized Gain (Loss) on Investments Unrealized Gain (Loss) on Investments
Level 3 | Independent Third-Party Valuation        
Marketable Securities [Line Items]        
Beginning balance $ 256,766,220 $ 219,926,917 $ 244,476,550 $ 203,427,699
Net realized and unrealized gains (losses) (4,557,433) 1,110,036 (6,451,290) 640,267
Acquisitions 13,687,495 [1] 11,993,145 [2] 23,514,004 [3] 28,086,246 [4]
Dispositions (9,711,451) (5,926,605) (10,581,911) (6,886,420)
Transfers into Level 3 1,109,425 [5] 2,096,245 [6] 3,522,652 [7] 3,931,946 [8]
Transfers out of Level 3 (3,272,489) [9] (3,933,539) [10] (458,238) [11] (3,933,539) [12]
Ending balance 254,021,767 225,266,199 254,021,767 225,266,199
Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses, above) (4,490,022) 986,877 (7,546,919) 462,321
Level 3 | Valuation Designee [Member]        
Marketable Securities [Line Items]        
Beginning balance 224   224  
Ending balance 224   224  
Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses, above) 0   0  
Level 3 | Bank Debt | Independent Third-Party Valuation        
Marketable Securities [Line Items]        
Beginning balance 255,259,966 219,500,190 244,121,603 202,878,661
Net realized and unrealized gains (losses) (4,434,353) 1,151,732 (4,771,358) 804,274
Acquisitions 13,660,295 [1] 11,993,145 [2] 20,778,645 [3] 28,086,246 [4]
Dispositions (9,711,451) (5,926,605) (10,581,911) (6,886,420)
Transfers into Level 3 1,109,425 [5] 2,096,245 [6] 3,522,652 [7] 3,931,946 [8]
Transfers out of Level 3 (3,272,489) [9] (3,933,539) [10] (458,238) [11] (3,933,539) [12]
Ending balance 252,611,393 224,881,168 252,611,393 224,881,168
Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses, above) (4,366,942) 1,028,574 (5,866,973) 626,328
Level 3 | Bank Debt | Valuation Designee [Member]        
Marketable Securities [Line Items]        
Beginning balance 0   0  
Ending balance 0   0  
Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses, above) 0   0  
Level 3 | Equity Securities | Independent Third-Party Valuation        
Marketable Securities [Line Items]        
Beginning balance 1,506,254 426,727 354,947 549,038
Net realized and unrealized gains (losses) (123,080) (41,696) (1,679,932) (164,007)
Acquisitions 27,200 [1] 0 [2] 2,735,359 [3] 0 [4]
Dispositions 0 0 0 0
Transfers into Level 3 0 [5] 0 [6] 0 [7] 0 [8]
Transfers out of Level 3 0 [9]   0 [11] 0 [12]
Ending balance 1,410,374 385,031 1,410,374 385,031
Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses, above) (123,080) $ (41,697) (1,679,946) $ (164,007)
Level 3 | Equity Securities | Valuation Designee [Member]        
Marketable Securities [Line Items]        
Beginning balance 224   224  
Ending balance 224   224  
Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses, above) $ 0   $ 0  
[1] Includes payments received in kind and accretion of original issue and market discounts
[2] Includes payments received in kind and accretion of original issue and market discounts
[3] Includes payments received in kind and accretion of original issue and market discounts
[4] Includes payments received in kind and accretion of original issue and market discounts
[5] Comprised of one investment that was transferred from Level 2 due to reduced number of market quotes
[6] Comprised of two investments that were transferred from Level 2 due to reduced number of market quotes
[7] Comprised of three investments that were transferred from Level 2 due to reduced number of market quotes
[8] Comprised of three investments that were transferred from Level 2 due to reduced number of market quotes
[9] Comprised of two investments that were transferred to Level 2 due to increased observable market activity
[10] Comprised of three investments that were transferred to Level 2 due to increased observable market activity
[11] Comprised of one investment that was transferred to Level 2 due to increased observable market activity
[12] Comprised of three investments that were transferred to Level 2 due to increased observable market activity