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Consolidated Statements of Cash Flows (Unaudited)
3 Months Ended
Mar. 31, 2023
USD ($)
Operating activities  
Net increase (decrease) in net assets resulting from operations $ 5,928,122
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:  
Net realized (gain) loss 22,838
Change in net unrealized (appreciation) depreciation of investments (2,062,153)
Net amortization of investment discounts and premiums (585,382)
Interest and dividend income paid in kind (138,541)
Amortization of deferred debt issuance costs 46,533
Changes in assets and liabilities:  
Purchase of investments (35,782,204)
Proceeds from disposition of investments 13,198,915
Decrease (increase) in interest, dividends and fees receivable (277,338)
Decrease (increase) in receivable for investments sold (1,908,109)
Decrease (increase) in prepaid expenses and other assets 27,547
Increase (decrease) in payable for investments purchased 1,554,298
Increase (decrease) in interest and debt related payables 138,992
Increase (decrease) in reimbursements due to the Investment Adviser 46,820
Increase (decrease) in accrued expenses and other liabilities 363,606
Net cash provided by (used in) operating activities (19,426,056)
Financing activities  
Proceeds from common shares sold 14,431,651
Contribution received in advance 6,318,345
Draws on credit facilities 19,000,000
Repayments of credit facility draws (21,000,000)
Dividends paid in cash to shareholders (146,008)
Net cash provided by (used in) financing activities 18,603,988
Net increase (decrease) in cash and cash equivalents (including restricted cash) (822,068)
Cash and cash equivalents (including restricted cash) at beginning of period 17,633,729
Cash and cash equivalents (including restricted cash) at end of period 16,811,661
Supplemental cash flow information  
Interest payments 1,425,663
Excise tax payments 18,395
Distribution payable 1,181,081
Reinvestment of dividends during the period $ 3,197,723