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Consolidated Statements of Assets and Liabilities - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Investments at fair value    
Non-controlled/non-affiliated investments (cost of $397,318,141 and $345,223,315 at March 31, 2024 and December 31, 2023, respectively) $ 404,711,203 $ 352,378,520
Cash and cash equivalents 30,922,871 25,181,139
Restricted cash and cash equivalents 56,233,451 47,844,154
Interest and fee receivable from non-controlled/non-affiliated investments 3,577,091 3,241,015
Deferred financing costs (net of $652,437 and $480,842 in amortized expense at March 31, 2024 and December 31, 2023, respectively) 2,792,655 2,964,249
Deferred offering costs (net of $1,150,921 and $851,065 in amortized expense at March 31, 2024 and December 31, 2023, respectively) 502,875 565,386
Receivable for investments sold 2,991,485 4,150,568
Due from Advisor $ 649,205 $ 810,355
Accounts Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration] Advisor [Member] Advisor [Member]
Other assets $ 109,687 $ 45,157
Total assets 502,490,523 437,180,543
Liabilities    
Credit Facility (Note 5) 255,000,000 195,000,000
Payable for investments purchased 2,716,000 7,489,135
Distribution payable 0 6,039,749
Interest and credit facility fees payable 3,744,778 3,051,780
Accrued capital gains incentive fee payable 1,122,040 1,090,162
Management fees payable 717,106 690,008
Income incentive fee payable 688,500 652,362
Due to Advisor and affiliates $ 266,874 $ 309,817
Other Liability, Related Party, Type [Extensible Enumeration] Advisor [Member] Advisor [Member]
Offering costs payable $ 212,873 $ 216,950
Accrued expenses and other liabilities 1,249,799 1,024,660
Total liabilities 265,717,970 215,564,623
Commitments and contingencies (Note 6)
Net Assets    
Common shares, $0.01 par value (11,506,727 and 10,785,268 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively) 115,067 107,853
Additional paid in capital 229,282,882 213,932,059
Distributable earnings (loss) 7,374,604 7,576,008
Total net assets 236,772,553 221,615,920
Total liabilities and net assets $ 502,490,523 $ 437,180,543
Net asset value per share $ 20.58 $ 20.55