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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Investment Income:        
Total interest income $ 6,260,515 $ 6,062,305 $ 11,849,016 $ 12,066,083
Total payment-in-kind interest income 207,069 110,519 555,256 189,633
Dividend income 101,755 0 101,755 296,126
Total other fee income 210,578 37,454 572,428 141,738
Total investment income 6,779,917 6,210,278 13,078,455 12,693,580
Expenses:        
Interest expense 2,160,336 1,790,513 3,952,344 3,532,083
Base management fees 1,057,104 1,123,105 2,161,085 2,251,609
Income-based incentive fees 0 0 (147,145) 0
Provision for tax expense 65,858 27,960 110,188 27,960
Professional fees 271,782 301,970 543,563 605,759
Allocation of administrative costs from Adviser 375,900 351,700 751,800 703,400
Amortization of deferred debt issuance costs 173,334 173,333 346,667 274,444
Amortization of original issue discount- 2026 Notes 17,778 17,778 35,555 35,555
Insurance expense 137,820 121,134 275,641 242,268
Directors' fees 75,625 75,625 151,250 151,250
Custodian and administrator fees 71,828 72,512 143,516 147,844
Other expenses 136,334 158,999 275,815 314,855
Total expenses 4,543,699 4,214,629 8,600,279 8,287,027
Waiver of base management fees (112,481) (106,878) (206,627) (223,814)
Waiver of income-based incentive fees 0 0 0 0
Investment Income, Investment Expense, Total 4,431,218 4,107,751 8,393,652 8,063,213
Net Investment Income, Total 2,348,699 2,102,527 4,684,803 4,630,367
Net realized gain (loss) from investments        
Net realized gain (loss) from investments 0 (8,545,020) 0 (7,783,557)
Net change in unrealized appreciation (depreciation) in value of investments        
Net change in unrealized appreciation (depreciation) on investments (1,731,840) 9,892,392 (2,410,437) 9,889,537
Total realized gain (loss) and change in unrealized appreciation (depreciation) on investments (1,731,840) 1,347,372 (2,410,437) 2,105,980
Net increase (decrease) in net assets resulting from operations $ 616,859 $ 3,449,899 $ 2,274,366 $ 6,736,347
Net investment income per share $ 0.16 $ 0.15 $ 0.33 $ 0.33
Earnings per share - Basic $ 0.04 $ 0.24 $ 0.16 $ 0.47
Weighted average shares of common stock outstanding - Basic 14,388,242 14,384,025 14,387,526 14,225,197
Distributions paid per common share $ 0.15 $ 0.15 $ 0.30 $ 0.30
Earnings per share - diluted $ 0.04 $ 0.24 $ 0.16 $ 0.47
Weighted average shares of common stock outstanding - diluted 14,388,242 14,384,025 14,387,526 14,225,197
Non-controlled, non-affiliated investments        
Investment Income:        
Total interest income $ 6,260,515 $ 6,021,868 $ 11,869,627 $ 11,944,764
Total payment-in-kind interest income 189,626 21,234 520,809 37,464
Dividend income 101,755 0 101,755 0
Total other fee income 210,578 36,695 572,428 140,228
Net realized gain (loss) from investments        
Net realized gain (loss) from investments 0 (348,351) 0 413,112
Net change in unrealized appreciation (depreciation) in value of investments        
Net change in unrealized appreciation (depreciation) on investments (1,649,361) 1,591,986 (2,113,636) 2,468,568
Affiliate Investments        
Investment Income:        
Total interest income 0 40,437 20,611 121,319
Total payment-in-kind interest income 17,443 89,285 34,447 152,169
Dividend income 0 0 0 296,126
Total other fee income 0 759 0 1,510
Net realized gain (loss) from investments        
Net realized gain (loss) from investments 0 (8,196,669) 0 (8,196,669)
Net change in unrealized appreciation (depreciation) in value of investments        
Net change in unrealized appreciation (depreciation) on investments $ (82,479) $ 8,300,406 $ (296,801) $ 7,420,969