XML 51 R40.htm IDEA: XBRL DOCUMENT v3.25.2
Investments - Schedule of Portfolio Composition by Industry Grouping at Fair Value (Details) - USD ($)
Jun. 30, 2025
Sep. 30, 2024
Schedule of Portfolio Composition by Industry Grouping at Fair Value [Line Items]    
Fair Value $ 294,438,831 $ 227,915,858
Percentage 100.00% 100.00%
Services: Business [Member]    
Schedule of Portfolio Composition by Industry Grouping at Fair Value [Line Items]    
Fair Value $ 53,103,000 $ 46,706,000
Percentage 17.90% 20.50%
Insurance [Member]    
Schedule of Portfolio Composition by Industry Grouping at Fair Value [Line Items]    
Fair Value $ 48,429,000 $ 101,000
Percentage 16.30% 0.10%
Real Estate [Member]    
Schedule of Portfolio Composition by Industry Grouping at Fair Value [Line Items]    
Fair Value $ 40,770,000 $ 50,162,000
Percentage 13.80% 22.00%
Services: Consumer [Member]    
Schedule of Portfolio Composition by Industry Grouping at Fair Value [Line Items]    
Fair Value $ 37,581,000 $ 28,121,000
Percentage 12.80% 12.30%
Aerospace & Defense [Member]    
Schedule of Portfolio Composition by Industry Grouping at Fair Value [Line Items]    
Fair Value $ 25,239,000 $ 2,827,000
Percentage 8.60% 1.20%
Hotel, Gaming & Leisure [Member]    
Schedule of Portfolio Composition by Industry Grouping at Fair Value [Line Items]    
Fair Value $ 24,891,000 $ 24,253,000
Percentage 8.50% 10.60%
High Tech Industries [Member]    
Schedule of Portfolio Composition by Industry Grouping at Fair Value [Line Items]    
Fair Value $ 17,592,000 $ 12,352,000
Percentage 6.00% 5.50%
Construction & Building [Member]    
Schedule of Portfolio Composition by Industry Grouping at Fair Value [Line Items]    
Fair Value $ 16,058,000 $ 17,095,000
Percentage 5.50% 7.50%
Automotive [Member]    
Schedule of Portfolio Composition by Industry Grouping at Fair Value [Line Items]    
Fair Value $ 10,291,000 $ 12,316,000
Percentage 3.50% 5.40%
Metals & Mining [Member]    
Schedule of Portfolio Composition by Industry Grouping at Fair Value [Line Items]    
Fair Value $ 8,763,000 $ 12,161,000
Percentage 3.00% 5.30%
Consumer Discretionary [Member]    
Schedule of Portfolio Composition by Industry Grouping at Fair Value [Line Items]    
Fair Value $ 5,155,000 $ 3,456,000
Percentage 1.80% 1.50%
Media: Broadcasting & Subscription [Member]    
Schedule of Portfolio Composition by Industry Grouping at Fair Value [Line Items]    
Fair Value $ 4,917,000 $ 9,003,000
Percentage 1.70% 4.00%
Banking [Member]    
Schedule of Portfolio Composition by Industry Grouping at Fair Value [Line Items]    
Fair Value $ 1,650,000 $ 1,525,000
Percentage 0.60% 0.70%
Energy: Oil & Gas [Member]    
Schedule of Portfolio Composition by Industry Grouping at Fair Value [Line Items]    
Fair Value   $ 4,333,000
Percentage   1.90%
Packaging [Member]    
Schedule of Portfolio Composition by Industry Grouping at Fair Value [Line Items]    
Fair Value   $ 3,505,000
Percentage   1.50%
Total Investments [Member]    
Schedule of Portfolio Composition by Industry Grouping at Fair Value [Line Items]    
Fair Value $ 294,438,831 [1],[2],[3] $ 227,915,858 [4],[5],[6]
Percentage 100.00% 100.00%
[1] Control Investments are defined by the Investment Company Act of 1940, as amended (the “1940 Act”), as investments in companies in which the Company owns more than 25% of the voting securities or maintains greater than 50% of the board representation.
[2] Substantially all of our investments are domiciled in the United States. Certain investments also have international operations.
[3] Unless otherwise indicated, all securities are valued using significant unobservable inputs, which are categorized as Level 3 assets under the definition of ASC 820 fair value hierarchy (see Note 4).
[4] Control Investments are defined by the Investment Company Act of 1940, as amended (the “1940 Act”), as investments in companies in which the Company owns more than 25% of the voting securities or maintains greater than 50% of the board representation.
[5] Substantially all of our investments are domiciled in the United States. Certain investments also have international operations.
[6] Unless otherwise indicated, all securities are valued using significant unobservable inputs, which are categorized as Level 3 assets under the definition of ASC 820 fair value hierarchy (see Note 4).