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INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2023 and December 31, 2022.

		June 30, 2023
		Amortized Cost								Fair Value
Industry		Amount				%				Amount				%
Wholesale Trade		$	57,433,276				100.0	%		$	57,669,044				100.0	%
Total		$	57,433,276				100.0	%		$	57,669,044				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 June 30, 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.

		June 30, 2023
		Amortized Cost								Fair Value
Geographic Location		Amount				%				Amount				%
West		$	24,805,417				43.2			$	24,936,044				43.2	%
Midwest			24,523,799				42.7	%			24,490,000				42.5
Northeast			8,104,060				14.1				8,243,000				14.3
Total		$	57,433,276				100.0	%		$	57,669,044				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 June 30, 2023 and December 31, 2022.

		June 30, 2023
		Amortized Cost								Fair Value
Investment		Amount				%				Amount				%
Senior Secured First Lien Term Loan		$	49,445,243				86.1	%		$	49,731,544				86.2	%
Senior Secured Notes			7,988,033				13.9				7,937,500				13.8
Total		$	57,433,276				100.0	%		$	57,669,044				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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- Definition

Tabular disclosure of investment.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//320/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Topic 321
-Publisher FASB
-URI https://asc.fasb.org//321/tableOfContent

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Topic 325
-Publisher FASB
-URI https://asc.fasb.org//325/tableOfContent

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- References

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