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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net income $ 10,512,710 $ 5,014,451
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for (reversal of) current expected credit losses 392,276 24,327
Amortization of deferred financing costs 327,022 0
Accretion of deferred loan original issue discount and premium, net (1,117,860) (114,395)
Stock-based compensation 762,994 148,639
Interest drawn on loans (12,944,697) (2,428,444)
PIK interest (24,018) 0
Changes in operating assets and liabilities:    
Interest receivable (828,616) (1,007,320)
Prepaid expenses and other assets (127,423) (250,339)
Accrued interest 372,569 43,197
Accrued management and incentive fees 679,211 422,238
Accrued direct administrative expenses 121,941 487,870
Accounts payable and other liabilities (19,710) 345,083
Net cash (used in) provided by operating activities (1,893,601) 2,685,307
Cash flows from investing activities:    
Issuance of and fundings on loans (148,255,080) (118,775,580)
Principal repayment of loans 42,696,558 24,912,673
Net cash (used in) provided by investing activities (105,558,522) (93,862,907)
Cash flows from financing activities:    
Net transfers and distributions from (to) Former Parent 0 80,104,097
Proceeds from sale of common stock 72,588,000 0
Payment of offering costs - equity offering (1,310,783) 0
Payment of financing costs (219,731) 0
Borrowings on revolving credit facilities 138,160,000 50,000,000
Repayment of revolving credit facilities (269,850,000) 0
Dividends paid to common shareholders (10,994,765) 0
Net cash (used in) provided by financing activities (71,627,279) 130,104,097
Net (decrease) increase in cash and cash equivalents (179,079,402) 38,926,497
Cash and cash equivalents, beginning of period 184,626,770 31,244,622
Cash and cash equivalents, end of period 5,547,368 70,171,119
Supplemental disclosure of non-cash activity:    
OID withheld from funding of loans 1,541,528 1,255,761
Dividends declared and not yet paid 4,026,296 4,362,999
Supplemental information:    
Interest paid during the period 2,158,327 0
Income taxes paid during the period $ 0 $ 0