NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2023

NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES

Schedule of interest income received from portfolio companies

	Three Months Ended				Six Months Ended
	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Loan interest	$	4,931,471	$	1,193,400	$	9,340,920	$	1,535,846
Fee amortization income(1)		208,690		52,477		368,519		68,306
Fee income acceleration(2)		18,612		1,341		181,286		2,077
Total Interest Income	$	5,158,773	$	1,247,218	$	9,890,725	$	1,606,229

(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

	June 30, 2023		December 31, 2022
Accumulated net realized gain from investments	$	13,271	$	1,950
Net unrealized appreciation (depreciation) on non-controlled non-affiliated investments and cash equivalents		1,208,494		(538,883)
Net unrealized appreciation on foreign currency translations		27,154		20,961
Accumulated undistributed net investment income (loss)		67,531		(226,750)
Total distributable gain (loss)	$	1,316,450	$	(742,722)