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RELATED PARTY TRANSACTIONS (Tables) | 12 Months Ended
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Dec. 31, 2024
RELATED PARTY TRANSACTIONS [Abstract] |
Related Parties Fees and Expenses Incurred | The following table summarizes the related parties fees and expenses incurred by the Company for the years ended December 31, 2024 and December 31, 2023 and for the period from April 1, 2022 through December 31, 2022.
|  | For the years ended December 31, |  |  | For the period from April 1, 2022 through December 31, 2022* |
|  | 2024 |  |  | 2023 |  |  |  |
Affiliate Payments |  |  |  |  |  |  |  |  |
Income-based incentive fees |  | $ | 2,327,448 |  |  | $ | 1,511,253 |  |  | $ | - |
Management fee |  |  | 1,504,239 |  |  |  | 1,013,764 |  |  |  | 336,432 |
Capital gains incentive fees |  |  | 34,304 |  |  |  | 87,583 |  |  |  | - |
Total management and incentive fees earned |  | $ | 3,865,991 |  |  | $ | 2,612,600 |  |  | $ | 336,432 |
General and administrative expenses reimbursable to the Adviser |  |  | 700,000 |  |  |  | - |  |  |  | - |
Total |  | $ | 4,565,991 |  |  | $ | 2,612,600 |  |  | $ | 336,432 |
* | On November 8, 2022, our Board approved a change in our fiscal year end from March 31 to December 31.

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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