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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Non-controlled, non-affiliated investments:      
Interest income $ 57,676,285 $ 64,203,156 $ 34,692,176
Payment-in-kind interest income 2,532,202 1,556,095 1,878,423
Other income 1,275,994 880,686 1,747,428
Total Investment Income 61,484,481 66,639,937 38,318,027
Expenses:      
Management fee 3,191,062 5,037,244 5,383,193
Incentive fee 3,104,694 6,010,349 1,725,588
Administration fee 728,000 1,112,000 1,139,325
Organizational and offering costs (Note 2)     95,093
Professional fees 1,404,543 1,454,636 1,101,460
Trustees' fees 175,708 177,167 179,447
Interest and credit facility expense 20,529,727 20,622,950 6,920,661
Other general and administrative expense 786,541 1,080,868 847,352
Total Expenses before Excise Tax 29,920,275 35,495,214 17,392,119
Incentive fee waiver   (900,000)  
Reimbursement of expense support to Prior Adviser 500,000    
Net Expenses before Excise Tax 30,420,275 34,595,214 17,392,119
Net Investment Income (Loss) before Excise Tax 31,064,206 32,044,723 20,925,908
Excise tax expense 107,614    
Net Investment Income (Loss) after Excise Tax 30,956,592 32,044,723 20,925,908
Net realized gains (losses) on investments:      
Non-controlled, non-affiliated investments (6,703,118) 781,864 839,046
Net change in unrealized appreciation (depreciation) on investments:      
Non-controlled, non-affiliated investments (4,511,639) (3,036,660) (5,604,979)
Net realized and unrealized gain (loss) (11,214,757) (2,254,796) (4,765,933)
Net Increase (Decrease) in Net Assets Resulting from Operations $ 19,741,835 $ 29,789,927 $ 16,159,975
Net investment income (loss) per common share - Basic and Diluted $ 2.87 $ 2.72 $ 1.84
Net increase (decrease) in net assets resulting from operations per common share - Basic and Diluted $ 1.83 $ 2.53 $ 1.42
Weighted Average Common Shares Outstanding - Basic 10,787,035 11,778,339 11,392,989
Weighted Average Common Shares Outstanding - Diluted 10,787,035 11,778,339 11,392,989