XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:    
Net increase (decrease) in net assets resulting from operations $ 2,464,157 $ 4,533,839
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Proceeds from sale and settlements of investments 29,987,278 22,052,279
Purchases, originations and participations (100,920,720) (14,290,362)
Investment increases due to payment-in-kind interest (354,681) (240,641)
Net amortization of premium (discount) on investments (51,729) (457,300)
Amortization of debt issuance cost 92,999 83,579
Amortization of deferred financing cost 177,426 91,848
Net realized (gains) losses from investments (1,168,670) (229,804)
Net unrealized (gains) losses on investments 329,986 (2,595,133)
(Increase) decrease in operating assets:    
Interest receivable 78 (429,022)
Due from affiliate (950,012) (7,800)
Receivable for investments sold 2,913,878 3,940,175
Dividends receivable (82,336) (81,823)
Other receivable 49,198 31,425
Prepaid share repurchase 66,724
Other assets 551,693 217,429
Increase (decrease) in operating liabilities:    
Payable for investments purchased 3,688,247 (4,123,059)
Accounts payable and accrued expenses (3,178,720) (1,451,804)
Due to Affiliate (41,153)
Administrator expenses payable 72,852
Interest and fees payable 261,291 30,943
Deferred revenue (421,685)
Other liabilities (37,637) (38,334)
Net cash provided by (used in) operating activities (66,269,427) 6,754,326
Cash Flows from Financing Activities:    
Debt issuance 21,527,047
Paydowns on debt (15,600,000)
Deferred financing costs (42,069) (30,000)
Repurchase of common shares (538,574)
Net cash provided by (used in) financing activities 5,884,978 (568,574)
Net increase (decrease) in cash and cash equivalents (60,384,449) 6,185,752
Cash and cash equivalents, beginning of period 67,571,559 5,988,223
Cash and cash equivalents, end of period 7,187,110 12,173,975
Supplemental information:    
Interest paid during the period $ 1,982,478 $ 1,319,852