XML 20 R7.htm IDEA: XBRL DOCUMENT v3.23.4
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities:      
Net increase (decrease) in net assets resulting from operations $ 26,918,340 $ (6,106,946) $ 1,277,908
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Investment increases due to payment-in-kind interest (1,525,392) (819,722) (937,768)
Net amortization of premium (discount) on investments (1,560,684) (219,513) (44,455)
Amortization of debt issuance cost 370,329 368,471 363,812
Amortization of deferred financing cost 286,597
Net realized (gains) losses from investments 11,533,039 (5,221,051) 42,485,528
Net unrealized (gains) losses on investments (31,941,213) 14,463,337 (25,363,072)
Proceeds from sale and settlements of investments 66,642,920 123,801,226 124,303,888
Purchases, originations and participations (76,652,712) (173,321,143) (45,340,354)
Loss on extinguishment of debt 296,197 122,355
(Increase) decrease in operating assets:      
Fees receivable 1,872,700 (1,753,672)
Interest receivable (243,539) (356,000) 252,948
Due from affiliate (137,252) (271,962)
Receivable for investments sold (3,940,175)
Dividends receivable 107,851 (188,119) (81,211)
Paydown receivable 112,500 179,515 (292,015)
Other receivable 5,567 (36,992)
Prepaid share repurchase 290,137
Other assets 359,677 159,069 691,813
Increase (decrease) in operating liabilities:      
Payable for investments purchased (12,426,941) 14,964,000 1,586,000
Accounts payable and accrued expenses 1,026,707 623,753 (691,701)
Due to affiliates (280,323) 227,240
Administrator expenses payable (74,911) 6,991 (89,045)
Interest and fees payable 187,273 503,125 (801,805)
Deferred revenue 96,083 325,602 (10,529)
Management and incentive fees payable, net (1,392,022)
Other liabilities (140,251) (40,586) 613,534
Net cash provided by (used in) operating activities (20,706,050) (29,298,371) 95,127,377
Cash Flows from Financing Activities:      
Debt issuance 36,441,941 57,500,000
Paydowns on debt (30,521,800) (55,325,000) (74,012,825)
Distributions paid to shareholders (265,798)
Debt issuance costs paid (2,311,036)
Deferred financing costs (935,721)
Repurchase of common shares (1,058,213) (16,964,985) (8,203,444)
Net cash provided by (used in) financing activities 3,926,207 (17,366,819) (82,216,269)
Net increase (decrease) in cash and cash equivalents (16,779,843) (46,665,190) 12,911,108
Cash and cash equivalents, beginning of period 22,768,066 69,433,256 56,522,148
Cash and cash equivalents, end of period 5,988,223 22,768,066 69,433,256
Supplemental information:      
Interest paid during the period $ 4,647,166 $ 4,241,510 $ 6,601,905