Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Operating activities
Net income	$ 4,840,364	$ 10,041,312
Adjustments to reconcile net income to net cash provided by operating activities:
Accretion of deferred loan origination fees and other discounts	(737,540)	(369,971)
Paid-in-kind interest	(1,275,042)	(1,595,058)
Provision (benefit) for current expected credit losses	3,837,851	(1,073,276)
Change in unrealized loss on investment	206,000
Amortization of debt issuance costs	83,451	110,309
Stock based compensation	865,354	649,312
Changes in operating assets and liabilities:
Interest receivable	(897,488)	(62,075)
Other receivables and assets, net	(1,889,436)	(116,936)
Interest reserve	(2,686)	(771,066)
Related party payables	(760,978)	(456,894)
Related party receivables	1,124,161	2,141,780
Management and incentive fees payable	(1,379,081)	(1,127,625)
Interest payable	(1,038,228)	214,526
Accounts payable and accrued expenses	187,105	40,830
Net cash provided by operating activities	3,163,807	7,625,168
Cash flows from investing activities
Issuance of and fundings of loans held for investment	(49,834,741)	(3,663,318)
Principal repayment of loans held for investment	51,565,404	9,170,628
Net cash provided by/(used in) investing activities	1,730,663	5,507,310
Cash flows from financing activities
Proceeds from sale of common stock	0	1,033,474
Proceeds from borrowings on revolving loan	55,750,000	16,000,000
Repayment of borrowings on revolving loan	(37,800,000)	(33,000,000)
Dividends paid to common shareholders	(9,907,728)	(13,605,154)
Payment of offering costs	(29,681)	(82,069)
Net cash provided by/(used in) financing activities	8,012,591	(29,653,749)
Net increase/(decrease) in cash and cash equivalents	12,907,061	(16,521,271)
Cash and cash equivalents, beginning of period	14,948,884	26,400,448
Cash and cash equivalents, end of period	27,855,945	9,879,177
Supplemental disclosure of non-cash financing and investing activities
Interest reserve withheld from funding of loans	1,082	20,714
OID withheld from funding of loans held for investment	2,970,366	181,800
Dividends declared and not yet paid	10,097,536	9,820,079
Payable for investment purchased		500,000
Supplemental information:
Interest paid during the period	$ 2,995,378	$ 1,740,547