Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2024

Related Party Transactions [Abstract]

Schedule of Summarizes The Related Party Fees and Expenses

The following table summarizes the related party fees and expenses incurred by the Company to the Manager, which are included in general administrative expense on the consolidated statements of operations for the years ended December 31, 2024 and 2023

	For the year ended December 31,
	2024			2023
Affiliate Payments
Management fees earned	$	4,437,447		$	4,200,148
Less: Outside Fees earned		(299,046	)		(153,750	)
Base management fees, net		4,138,401			4,046,398
Incentive fees		3,923,495			4,736,436
Total management and incentive fees earned		8,061,896			8,782,834
General and administrative expenses reimbursable to Manager		4,821,373			4,799,210
Total	$	12,883,269		$	13,582,044

Schedule of Summarizes The Related Party Transactions Payable

The following table presents amounts payable to the Manager as of December 31, 2024 and 2023:

	For the year ended December 31,
	2024		2023
Management fees payable	$	925,671	$	1,039,365
Incentive fees payable		1,937,487		2,204,410
Management and incentive fees payable		2,863,158		3,243,775
General and administrative expenses reimbursable to Manager		2,043,403		2,051,531
Total	$	4,906,561	$	5,295,306