XML 17 R6.htm IDEA: XBRL DOCUMENT v3.26.1
Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
From non-affiliated/non-control investments:    
Total investment income $ 8,942,678 $ 10,161,050
EXPENSES    
Interest expense 2,791,255 1,959,287
Base Fee 990,631 1,058,785
Professional fees 346,627 323,452
Compensation expense 246,930 239,577
General and administrative 312,666 355,259
Excise tax 104,778 120,816
Total expenses before incentive fees 4,792,887 4,057,176
Net Investment Income Incentive Fees
Total incentive fees
Total expenses 4,792,887 4,057,176
Net investment income 4,149,791 6,103,874
Net change in unrealized appreciation/(depreciation) on investments:    
Total net change in unrealized appreciation/(depreciation) on investments 1,063,853 (2,066,896)
Net realized losses:    
Total net realized losses (30,738,465) (12,158,495)
Net change in unrealized and realized losses (29,674,612) (14,225,391)
Net decrease in net assets resulting from operations $ (25,524,821) $ (8,121,517)
Net increase in net assets resulting from net investment income per common share (Basic) (in Dollars per share) $ 0.05 $ 0.09
Net increase in net assets resulting from net investment income per common share (Diluted) (in Dollars per share) 0.05 0.09
Net decrease in net assets resulting from operations per common share (Basic) (in Dollars per share) (0.29) (0.12)
Net decrease in net assets resulting from operations per common share (Diluted) (in Dollars per share) $ (0.29) $ (0.12)
Weighted average shares of common stock outstanding (Basic) (in Shares) 88,278,112 69,984,752
Weighted average shares of common stock outstanding (Diluted) (in Shares) 88,278,112 69,984,752
Distributions per share (in Dollars per share) $ 0.105 $ 0.105
Non-Affiliated/Non-Control Investments    
From non-affiliated/non-control investments:    
Total investment income $ 8,942,678 $ 10,161,050
Net change in unrealized appreciation/(depreciation) on investments:    
Total net change in unrealized appreciation/(depreciation) on investments 1,063,853 (1,366,018)
Net realized losses:    
Total net realized losses (30,738,465) (12,158,495)
Affiliated Investments    
Net change in unrealized appreciation/(depreciation) on investments:    
Total net change in unrealized appreciation/(depreciation) on investments (700,878)
Interest Income – Debt Investments | Non-Affiliated/Non-Control Investments    
From non-affiliated/non-control investments:    
Total investment income [1] 4,318,750 4,826,404
Interest income – debt investments – PIK | Non-Affiliated/Non-Control Investments    
From non-affiliated/non-control investments:    
Total investment income [1] 786,922 708,351
Income from securitization vehicles and investments | Non-Affiliated/Non-Control Investments    
From non-affiliated/non-control investments:    
Total investment income 3,224,198 3,956,053
Other Income | Non-Affiliated/Non-Control Investments    
From non-affiliated/non-control investments:    
Total investment income $ 612,808 $ 670,242
[1] Change in prior period was made to conform to the current period presentation.