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INVESTMENTS (Tables) | 3 Months Ended
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Mar. 31, 2023
INVESTMENTS [Abstract] |
Portfolio Investments | The Company’s portfolio investments are in companies conducting business in or supporting the cannabis industries. The following tables summarize the composition of the Company’s portfolio investments by industry at cost and fair value and as a percentage of the total portfolio as of March 31, 2023 and December 31, 2022.
|  | March 31, 2023 |
|  | Amortized Cost |  | Fair Value |
Industry |  | Amount |  | % |  | Amount |  | % |
Wholesale Trade |  |  | $ | 54,910,290 |  |  |  | 100.0 | % |  | $ | 55,623,299 |  |  |  | 100.0 | %
Total |  |  | $ | 54,910,290 |  |  |  | 100.0 | % |  | $ | 55,623,299 |  |  |  | 100.0 | %
|  | December 31, 2022 |
|  | Amortized Cost |  | Fair Value |
Industry |  | Amount |  | % |  | Amount |  | % |
Wholesale Trade |  |  | $ | 50,527,898 |  |  |  | 100.0 | % |  | $ | 50,254,550 |  |  |  | 100.0 | %
Total |  |  | $ | 50,527,898 |  |  |  | 100.0 | % |  | $ | 50,254,550 |  |  |  | 100.0 | %
The geographic composition is determined by the location of headquarters of the portfolio company. The following tables summarize the composition of the Company’s portfolio investments by geographic region of the United States at cost and fair value and as a percentage of the total portfolio as of March 31, 2023 and December 31, 2022. Geographic regions are defined as: West, for the states of WA, OR, ID, MT, WY, CO, AK, HI, UT, NV and CA; Midwest, for the states ND, SD, NE, KS, MO, IA, MN, WI, MI, IL, IN and OH; Northeast, for the states PA, NJ, NY, CT, RI, MA, VT, NH and ME; Southeast, for the states of AR, LA, MS, TN, KY, AL, FL, GA, SC, NC, VA, DE, WV and MD; and Southwest, for the states of AZ, NM, TX and OK.
|  | March 31, 2023 |
|  | Amortized Cost |  | Fair Value |
Geographic Location |  | Amount |  | % |  | Amount |  | % |
Midwest |  |  | $ | 24,472,332 |  |  |  | 44.5 | % |  | $ | 24,959,628 |  |  |  | 44.9 | %
West |  |  |  | 20,509,585 |  |  |  | 37.4 |  |  |  | 20,571,719 |  |  |  | 37.0 |
Northeast |  |  |  | 8,130,300 |  |  |  | 14.8 |  |  |  | 8,287,292 |  |  |  | 14.9 |
Southeast |  |  |  | 1,798,073 |  |  |  | 3.3 |  |  |  | 1,804,660 |  |  |  | 3.2 |
Total |  |  | $ | 54,910,290 |  |  |  | 100.0 | % |  | $ | 55,623,299 |  |  |  | 100.0 | %
|  | December 31, 2022 |
|  | Amortized Cost |  |  | Fair Value |
Geographic Location |  | Amount |  |  | % |  |  | Amount |  |  | % |
Midwest |  | $ | 24,420,752 |  |  |  | 48.4 | % |  | $ | 24,358,686 |  |  |  | 48.5 | %
West |  |  | 20,479,987 |  |  |  | 40.5 |  |  |  | 20,268,705 |  |  |  | 40.3 |
Northeast |  |  | 3,854,475 |  |  |  | 7.6 |  |  |  | 3,854,475 |  |  |  | 7.7 |
Southeast |  |  | 1,772,684 |  |  |  | 3.5 |  |  |  | 1,772,684 |  |  |  | 3.5 |
Total |  | $ | 50,527,898 |  |  |  | 100.0 | % |  | $ | 50,254,550 |  |  |  | 100.0 | %
The following tables summarize the composition of the Company’s portfolio investments by investment type at cost and fair value and as a percentage of the total portfolio as of March 31, 2023 and December 31, 2022.
|  | March 31, 2023 |
|  | Amortized Cost |  | Fair Value |
Investment |  | Amount |  | % |  | Amount |  | % |
Senior Secured First Lien Term Loan |  |  | $ | 45,176,109 |  |  |  | 82.3 | % |  | $ | 45,703,391 |  |  |  | 82.2 | %
Senior Secured Notes |  |  |  | 9,734,181 |  |  |  | 17.7 |  |  |  | 9,919,908 |  |  |  | 17.8 |
Total |  |  | $ | 54,910,290 |  |  |  | 100.0 | % |  | $ | 55,623,299 |  |  |  | 100.0 | %
|  | December 31, 2022 |
|  | Amortized Cost |  | Fair Value |
Investment |  | Amount |  | % |  | Amount |  | % |
Senior Secured First Lien Term Loan |  |  | $ | 40,871,914 |  |  |  | 80.9 | % |  | $ | 40,660,633 |  |  |  | 80.9 | %
Senior Secured Notes |  |  |  | 9,655,984 |  |  |  | 19.1 |  |  |  | 9,593,917 |  |  |  | 19.1 |
Total |  |  | $ | 50,527,898 |  |  |  | 100.0 | % |  | $ | 50,254,550 |  |  |  | 100.0 | %

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