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v3.23.2

RELATED PARTY TRANSACTIONS (Details) | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2023 USD ($) qtr | Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) qtr | Jun. 30, 2022 USD ($) | Dec. 31, 2022 USD ($)
Investment Advisory Agreement [Abstract] |  |  |  |  |
Management fee expenses incurred | $ 257,489 | $ 55,041 | $ 495,908 | $ 55,041 |
Management fee payable | 257,489 |  | 257,489 |  | $ 170,965
Income-based incentive fee expenses | 442,673 | 0 | 646,494 | 0 |
Income-based incentive fee payable | 646,494 |  | 646,494 |  | 0
Capital gains incentive fee expenses | (137,602) | 0 | 5,000 | 0 |
Capital gains incentive fee payable | 5,000 |  | 5,000 |  | 0
Common stock purchased | 0 | 0 | 0 | 85,269,770 |
Related Party [Member] |  |  |  |  |
Investment Advisory Agreement [Abstract] |  |  |  |  |
Due to affiliate | 2,534 |  | 2,534 |  | 37
Due from affiliate | $ 0 |  | 0 |  |
Silver Spike Capital, LLC [Member] | IPO [Member] |  |  |  |  |
Investment Advisory Agreement [Abstract] |  |  |  |  |
Common stock purchased |  |  | $ 63,000,000 |  |
Percentage of voting stock held | 72.00% |  | 72.00% |  |
Cost of sales incurred |  |  | $ 2,070,000.00 |  |
Investment Advisory Agreement [Member] |  |  |  |  |
Investment Advisory Agreement [Abstract] |  |  |  |  |
Percentage of management fee payable |  |  | 1.75% |  |
Number of recent quarters | qtr | 2 |  | 2 |  |
Duration of incentive fee payable |  |  | quarterly |  |
Percentage payable of Pre-Incentive Fee Net Investment Income | 20.00% |  | 20.00% |  |
Percentage payable of Pre-Incentive Fee Net Investment Income subject to a preferred return, or "hurdle" per quarter | 1.75% |  | 1.75% |  |
Percentage of Pre-Incentive Fee Net Investment Income subject to a preferred return, or "hurdle" per annum | 7.00% |  | 7.00% |  |
Percentage payable of realized capital gains on a cumulative basis | 20.00% |  | 20.00% |  |
Investment Advisory Agreement [Member] | Related Party [Member] |  |  |  |  |
Investment Advisory Agreement [Abstract] |  |  |  |  |
Due to affiliate | $ 2,534 |  | $ 2,534 |  | $ 37
Investment Advisory Agreement [Member] | Silver Spike Capital, LLC [Member] |  |  |  |  |
Investment Advisory Agreement [Abstract] |  |  |  |  |
Payment of related party expenses | $ 984 | $ 387,373 | $ 1,198 | $ 387,484 |

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