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Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net increase (decrease) in net assets from operations $ 5,686,351 $ 8,434,414
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 (40,171) 4,768
Change in net unrealized appreciation (depreciation): Non-controlled, non-affiliated investments 6,816,431 694,460
Net amortization of investment discounts and premiums (582,928) (768,130)
Amortization of deferred debt issuance costs 71,178 149,563
Interest and dividend income paid in kind (999,102) (482,341)
Changes in assets and liabilities:    
Purchases of investments (21,919,380) (27,398,312)
Proceeds from disposition of investments 11,722,982 7,003,863
Decrease (increase) in interest receivable 79,195 (745,258)
Decrease (increase) in prepaid expenses and other assets (134,737) 107,738
Increase (decrease) in payable for investments purchased (1,151,822) (156,665)
Increase (decrease) in reimbursements due to the Advisor (96,779) (246,681)
Increase (decrease) in incentive fees payable (43,434) 2,801,811
Increase (decrease) in interest and debt related payables (89,833) (23,705)
Increase (decrease) in management fees payable 0 71,798
Increase (decrease) in accrued expenses and other liabilities (52,856) 22,831
Net cash provided by (used in) operating activities (734,905) (10,529,846)
Financing activities    
Draws on credit facilities 3,500,000 20,500,000
Repayments of Lines of Credit (23,000,000) (35,000,000)
Proceeds from shares of common stock sold 35,116,667 35,116,667
Payments of debt issuance costs (24,948) (100,000)
Dividends paid to shareholders (6,327,144) (9,841,790)
Net cash provided by (used in) financing activities 9,264,575 10,674,877
Net increase (decrease) in cash and cash equivalents (including restricted cash) 8,529,670 145,031
Cash and cash equivalents (including restricted cash) at beginning of period 4,371,938 2,856,829
Cash and cash equivalents (including restricted cash) at end of period 12,901,608 3,001,860
Supplemental cash flow information    
Interest payments 865,638 1,453,593
Excise tax payments $ 0 $ 1,809