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v3.23.2

Statements of Cash Flows - USD ($) | 6 Months Ended
--- | ---
Jun. 30, 2023 | Jun. 30, 2022
Cash flows from operating activities |  |
Net increase (decrease) in net assets resulting from operations | $ 3,568,484 | $ (3,794)
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 from investments | 210,767 | 0
Net change in unrealized (appreciation) depreciation from investments | (509,116) | 9,508
Net (accretion of discounts) and amortization of premiums | (301,558) | (9,508)
Purchase of investments | (8,442,000) | (24,417,500)
PIK interest capitalized | (62,587) | 0
Proceeds from sales of investments and principal repayments | 1,690,000 | 0
(Increase)/Decrease in operating assets: |  |
Prepaid expenses | (147,334) | (207,249)
Interest receivable | 967,713 | (66,090)
Deferred offering costs | 0 | 1,395,059
Increase/(Decrease) in operating liabilities: |  |
Management fee payable | 86,524 | 55,041
Income-based incentive fees payable | 646,494 | 0
Capital gains incentive fee payable | 5,000 | 0
Legal fees payable | 30,249 | 204,251
Administrator fees payable | 32,672 | 99,852
Valuation fees payables | 93,185 | 0
Audit fees payable | 1,183 | 62,250
Professional fees payable | (2,438) | 0
Director's fee payable | (302) | 35,747
Excise tax payable | (80,566) | 0
Due to affiliate | 2,497 | (383,164)
Offering cost payable | 0 | (1,024,256)
Organizational costs payable | 0 | (430,276)
Other payables | (18,527) | 23,406
Net cash provided by (used in) operating activities | (2,229,660) | (24,656,723)
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 | (2,229,660) | 60,613,047
Cash & cash equivalents, beginning of period | 35,125,320 | 5,400
Cash & cash equivalents, end of period | $ 32,895,660 | $ 60,618,447

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