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Significant Accounting Policies (Tables)

12 Months Ended

Sep. 30, 2024

Significant Accounting Policies [Abstract]

Schedule of Investments

During the years ended September 30, 2024, 2023 and 2022, the Company reclassified for book purposes amounts arising from permanent book/tax differences related to the different tax treatment of investments in wholly-owned subsidiaries and book/tax differences in deductibility of executive compensation as follows:

		For the Years Ended September 30
		2024				2023				2022
Capital in excess of par value		$	12,468,254			$	20,468,622			$	3,276,372
Accumulated undistributed net investment income/(loss)			(12,468,254	)			(20,468,622	)			(3,276,372	)
Total distributable earnings (loss)			-				-				-

Schedule of Income Tax

The tax character of distributions paid for the years ended September 30, 2024, 2023 and 2022 were as follows:

		For the Years Ended September 30
		2024				2023				2022
Ordinary income		$	2,645,925			$	-			$	265,798
Distributions of long term capital gains			-				-				-
Return of capital			-				-				-
Distributions on a tax basis		$	2,645,925			$	-			$	265,798

Schedule of Organizational Expenses

At September 30, 2024, 2023 and 2022, the components of distributable earnings/(accumulated deficits) on a tax basis detailed below differ from the amounts reflected in the Company’s Consolidated Statements of Assets and Liabilities by temporary and other book/tax differences, primarily relating to the tax treatment of certain fee income and organizational expenses, as follows:

		For the Years Ended September 30
		2024				2023				2022
Undistributed ordinary income		$	1,918,290			$	2,389,267			$	-
Accumulated capital and other losses⁽¹⁾			(515,131,566	)			(512,809,528	)			(485,107,934	)
Other temporary differences			(41,229	)			(57,438	)			(73,646	)
Unrealized appreciation/(depreciation)			(31,349,330	)			(37,631,079	)			(69,376,916	)
Components of distributable earnings/(accumulated deficits) at year end		$	(544,603,835	)			(548,108,778	)		$	(554,558,496	)

⁽¹⁾

Under the Regulated Investment Company Modernization Act of 2010, net capital losses recognized for tax years beginning after December 22, 2010, may be carried forward indefinitely, and their character is retained as short-term or long-term losses. As of September 30, 2024, the Company had a long-term capital loss carryforward available to offset future realized capital gains of $512,539,871 and a short-term capital loss carryforward of $2,591,695. Net capital losses incurred after October 31 (post-October losses) and net investment losses incurred after December 31 (late-year losses), and within the taxable year, may be elected to be deferred to the first business day of the Fund’s next taxable year. As of the most recent fiscal period ended September 30, 2024, the Fund did not elect to defer any late year losses.