NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2025

NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES

Schedule of interest income received from portfolio companies

	Year Ended
	December 31, 2025		December 31, 2024		December 31, 2023
Loan interest	$	33,209,738	$	26,012,750	$	21,236,226
PIK interest		313,010		1,059,816		129,990
Fee amortization income(1)		1,494,892		1,202,481		805,789
Fee income acceleration(2)		144,666		285,094		588,664
Total Interest Income	$	35,162,306	$	28,560,141	$	22,760,669

(1) Includes amortization of fees on unfunded commitments.

(2) Unamortized loan origination fees recognized upon full or partial realization of investment.

Schedule of accumulated undistributed deficit

	December 31, 2025		December 31, 2024
Accumulated net realized gain from investments, net of cumulative dividends of $527,750 and $254,817, respectively	$	1,589,382	$	386,329
Net realized gain on foreign currency translations		157,562		113,882
Net unrealized appreciation on non-controlled non-affiliated investments and cash equivalents, net of deferred tax liability of $338,611 and $259,455, respectively		2,974,092		2,674,418
Net unrealized appreciation on foreign currency translations		27,239		6,923
Accumulated undistributed net investment loss		(1,188,644)		(384,258)
Total distributable earnings	$	3,559,631	$	2,797,294