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v3.23.1

Statements of Cash Flows - USD ($) | 3 Months Ended
--- | ---
Mar. 31, 2023 | Mar. 31, 2022
Cash flows from operating activities |  |
Net increase (decrease) in net assets resulting from operations | $ 2,357,080 | $ (215,531)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: |  |
Net change in unrealized (appreciation) depreciation from investments | (986,357) | 0
Net (accretion of discounts) and amortization of premiums | (140,819) | 0
Purchase of investments | (4,230,000) | 0
PIK interest capitalized | (11,573) | 0
(Increase)/Decrease in operating assets: |  |
Prepaid expenses | (222,328) | (256,512)
Interest receivable | (8,945) | (9,215)
Deferred offering costs | 0 | 1,395,059
Increase/(Decrease) in operating liabilities: |  |
Management fee payable | 238,419 | 0
Income-based incentive fee payable | 203,821 | 0
Capital gains incentive fee payable | 142,602 | 0
Legal fees payable | 57,773 | 33,983
Administrator fees payable | 25,630 | 47,151
Valuation fees payables | 72,185 | 0
Professional fees payable | 18,192 | 0
Director's fee payable | 3,895 | 24,370
Excise tax payable | (80,566) | 0
Due to affiliate | (37) | (383,991)
Offering cost payable | 0 | (759,675)
Audit fees payable | (2,117) | 10,000
Organizational costs payable | 0 | (396,108)
Other payables | (18,148) | 1,359
Net cash provided by (used in) operating activities | (2,581,293) | (509,110)
Cash flows from financing activities |  |
Issuance of common stock, net of offering cost | 0 | 85,269,770
Net cash provided by (used in) financing activities | 0 | 85,269,770
Net increase (decrease) in cash & cash equivalents | (2,581,293) | 84,760,660
Cash & cash equivalents, beginning of period | 35,125,320 | 5,400
Cash & cash equivalents, end of period | $ 32,544,027 | $ 84,766,060

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