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RELATED PARTY TRANSACTIONS (Tables)

9 Months Ended

Sep. 30, 2025

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

The following table summarizes the related party costs incurred by the Company for the three and nine months ended September 30, 2025 and 2024:

			Three months ended September 30,												Nine months ended September 30,
			2025						2024						2025						2024
Affiliate costs
Base management fees			$	697,936					$	422,238					$	1,387,076					$	422,238
Incentive fees earned			374,338						—						374,338						—
General and administrative expenses reimbursable to Manager			565,412						482,887						1,710,239						482,887
Professional fees reimbursable to Manager			19,668						9,983						37,562						9,983
Total			$	1,657,354					$	915,108					$	3,509,215					$	915,108

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- References

No definition available.

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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

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

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