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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:      
Net increase (decrease) in net assets resulting from operations $ 19,741,835 $ 29,789,927 $ 16,159,975
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Net realized (gains)/losses on investments 6,703,118 (781,864) (839,046)
Net change in unrealized (appreciation) depreciation on investments 4,511,639 3,036,660 5,604,979
Net accretion of discount on investments (2,051,562) (1,850,417) (1,451,317)
Amortization of deferred financing costs 974,490 1,111,667 834,681
Amortization of deferred offering costs     95,093
Payment-in-kind interest income (2,532,202) (1,556,095) (1,878,423)
Purchases and drawdowns of investments (209,662,485) (108,266,876) (338,843,134)
Sales and repayments of investments 218,187,175 81,295,385 73,264,521
(Increase) decrease in operating assets:      
Interest and other receivables (4,014,232) 5,893,201 (8,279,813)
Receivable for investments sold (7,990,278)    
Prepaid expenses (43,667) (47,315) (16,367)
Increase (decrease) in operating liabilities:      
Management fee payable (34,331) (764,716) 868,030
Incentive fee payable 76,777 (765,126) 1,725,588
Administration fee payable 144,556 (389,980) (709,664)
Interest payable 401,583 1,987,328 1,512,453
Payable for investments purchased 31,286,337 8,100,000 (14,893,750)
Accrued expenses and other liabilities 2,648,422 334,130 356,347
Net cash provided by (used in) operating activities 58,347,175 17,125,909 (266,489,847)
Cash Flows from Financing Activities:      
Proceeds from issuance of common shares 41,391,335 18,178,008 103,419,659
Redemption of common shares (45,794,531) (68,165,852)  
Distributions to shareholders (25,532,887) (13,013,553) (8,298,397)
Borrowings on credit facility 112,800,000 81,500,000 304,000,000
Payments on credit facility (126,800,000) (29,500,000) (210,000,000)
Financing costs paid (2,667,500)   (1,576,980)
Net cash provided by (used in) financing activities (46,603,583) (11,001,397) 187,544,282
Net increase (decrease) in cash and cash equivalents 11,743,592 6,124,512 (78,945,565)
Cash and cash equivalents and restricted cash, beginning of period 12,555,591 6,431,079 85,376,644
Cash and cash equivalents and restricted cash, end of period 24,299,183 12,555,591 6,431,079
Supplemental and Non-Cash Information      
Cash paid for interest 19,153,654 17,523,955 4,573,527
Reinvestments of distributions 4,211,092 19,054,731 13,342,557
Reconciliation of Cash and Cash Equivalents and Restricted Cash      
Cash and cash equivalents 23,631,682 9,813,406 6,395,756
Restricted cash 667,501 2,742,185 35,323
Total cash and cash equivalents and restricted cash $ 24,299,183 $ 12,555,591 $ 6,431,079