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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES:        
Net increase (decrease) in net assets resulting from operations $ (82) $ 4,486    
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operations:        
Net realized (gain) loss on investments 173 2,057    
Net change in unrealized (appreciation) depreciation on investments 3,903 (71)    
Tax provision (benefit) on realized and unrealized gains (losses) on investments 346 (459)    
Purchases of investments (17,504) (37,188)    
Proceeds from sales and redemptions of investments 15,660 35,481    
Net accretion of investments (777) (1,276)    
Amortization of debt issuance costs 309 273    
Net realized (gain) loss on extinguishment of debt 0 213 [1]   $ 400
Payment-in-kind income (2,857) (1,894)    
Change in operating assets and liabilities:        
(Increase) decrease in receivable for unsettled trades 0 (668)    
(Increase) decrease in interest receivable 1,301 27    
(Increase) decrease in dividend receivable 120 195    
(Increase) decrease in other assets (1,607) (401)    
Increase (decrease) in payable for unsettled trades 0 8,224    
Increase (decrease) in accrued interest payable 988 965    
Increase (decrease) in management and incentive fees payable (327) (1,119)    
Increase (decrease) in due to affiliates (635) 442    
Increase (decrease) in accounts payable and accrued expenses 1,547 104    
Net cash provided by (used in) operating activities 558 9,391    
FINANCING ACTIVITIES:        
Stock repurchase program 0 (953)    
Distributions to stockholders (4,900) 0    
Distribution paid in advance to the transfer agent   (6,366)    
Repayment of 2018-2 Secured Notes 0 (34,032)    
Repayment of Revolving Credit Facilities (12,100) 0    
Net cash provided by (used in) financing activities (17,000) (41,351)    
CHANGE IN CASH AND RESTRICTED CASH (16,442) (31,960)    
CASH AND RESTRICTED CASH, BEGINNING OF PERIOD 39,953 71,564 $ 71,564  
CASH AND RESTRICTED CASH, END OF PERIOD 23,511 39,604 39,953 71,564
Amounts per consolidated statements of assets and liabilities:        
Cash and cash equivalents 9,233 20,829 17,532  
Restricted cash 14,278 18,775 22,421  
Total Cash and Restricted cash 23,511 39,604 $ 39,953 $ 71,564
Supplemental Information and non-cash activities:        
Cash paid for interest during the period 3,001 $ 4,487    
Reinvestment of distributions $ 67      
[1] Refer to Note 9 Stockholders' Equity” for additional information on changes in components of Stockholders' Equity.