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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Investment income      
Total investment income $ 201,786,193 $ 259,437,390 $ 209,328,883
Operating expenses      
Interest and other debt expenses 66,091,147 72,164,042 47,810,740
Management fees 21,833,194 24,541,027 24,020,766
Professional fees 3,661,258 3,196,682 2,173,123
Administrative expenses 1,923,224 2,389,479 1,532,284
Insurance expense 860,899 783,631 558,020
Director fees 755,000 821,219 936,819
Custody fees 364,323 380,582 365,107
Incentive fees 0 19,236,336 22,602,949
Other operating expenses 3,752,965 3,643,968 2,525,002
Total operating expenses, before management fee waiver 99,242,010 127,156,966 102,524,810
Management fee waiver (Note 3) (7,277,731) 0 0
Total operating expenses, after management fee waiver 91,964,279 127,156,966 102,524,810
Net investment income before taxes 109,821,914 132,280,424 106,804,073
Excise tax expense 683,412 522,554 247,315
Net investment income 109,138,502 131,757,870 106,556,758
Net realized gain (loss):      
Net realized gain (loss) (278,132,766) (67,110,946) (31,648,232)
Net change in unrealized appreciation (depreciation):      
Net change in unrealized appreciation (depreciation) [1] 80,063,251 (127,784,096) (36,434,094)
Net realized and unrealized gain (loss) (198,069,515) (194,895,042) (68,082,326)
Net increase (decrease) in net assets resulting from operations (88,931,013) (63,137,172) 38,474,432
Net increase (decrease) in net assets resulting from operations $ (88,931,013) $ (63,137,172) $ 38,474,432
Basic earnings (loss) per share $ (1.05) $ (0.79) $ 0.67
Diluted earnings (loss) per share $ (1.05) $ (0.79) $ 0.67
Basic weighted average common shares outstanding 84,988,524 79,670,868 57,767,264
Diluted weighted average common shares outstanding 84,988,524 79,670,868 57,767,264
Non-Controlled, Non-Affiliated Investments      
Investment income      
Interest income (excluding PIK) $ 161,267,396 $ 223,638,775 $ 183,528,944
PIK interest income 18,798,235 14,084,097 9,422,286
Dividend income 1,866,266 1,549,846 1,133,826
Other income 17,190 145,080 376,214
Net realized gain (loss):      
Net realized gain (loss) (210,375,288) (54,300,808) (31,648,232)
Net change in unrealized appreciation (depreciation):      
Net change in unrealized appreciation (depreciation) [1] 108,089,691 (99,794,086) (2,036,190)
Non-Controlled, Affiliated Investments      
Investment income      
Interest income (excluding PIK) 1,954,547 1,475,521 1,046,044
PIK interest income 1,181,713 89,620 410,074
Dividend income 1,444,050 3,725,827 2,652,918
Other income 0 0 45,650
Net realized gain (loss):      
Net realized gain (loss) (17,474,395) (12,810,138) (0)
Net change in unrealized appreciation (depreciation):      
Net change in unrealized appreciation (depreciation) [1] (56,313,522) (12,395,543) (28,656,798)
Controlled Investments      
Investment income      
Interest income (excluding PIK) 8,910,395 10,469,100 10,061,227
PIK interest income 1,912,033 1,653,364 651,700
Dividend income 4,434,368 2,606,160 0
Net realized gain (loss):      
Net realized gain (loss) (50,273,592) [2] 0 [3] 0
Net change in unrealized appreciation (depreciation):      
Net change in unrealized appreciation (depreciation) [1] 28,296,398 [2] (15,584,976) [3] (5,741,106)
Interest Rate Swap      
Net realized gain (loss):      
Net realized gain (loss) (9,491) 0 0
Net change in unrealized appreciation (depreciation):      
Net change in unrealized appreciation (depreciation) [1] $ (9,316) $ (9,491) $ 0
[1]

(1) Includes $21,347,357 change in unrealized appreciation from application of Merger accounting under ASC 805 for the year ended December 31, 2024 (see Note 12).

[2] The issuers of the securities listed on this schedule are considered controlled affiliates under the 1940 Act due to the ownership by the Company of more than 25% of the issuers' voting securities.
[3] The issuers of the securities listed on this schedule are considered controlled affiliates under the 1940 Act due to the ownership by the Company of more than 25% of the issuers' voting securities.