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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Investment Income:    
Total interest income $ 5,465,288 $ 5,588,501
Total payment-in-kind interest income 100,181 181,738
Total dividend income 0 0
Total payment-in-kind dividend income 188,251 166,449
Total other fee income 143,986 361,850
Total investment income 5,897,706 6,298,538
Expenses:    
Interest expense 2,215,183 1,792,008
Base management fees 978,919 1,103,981
Income-based incentive fees 0 (147,145)
Provision for tax expense 100,747 44,330
Professional fees 227,407 271,781
Allocation of administrative costs from Adviser 263,375 375,900
Amortization of deferred debt issuance costs 173,333 173,333
Amortization of original issue discount - 2026 Notes 17,777 17,777
Insurance expense 112,984 137,821
Directors' fees 73,375 75,625
Custodian and administrator fees 69,292 71,688
Other expenses 124,277 139,481
Total expenses 4,356,669 4,056,580
Waiver of base management fees (86,630) (94,146)
Waiver of income-based incentive fees 0 0
Net expenses 4,270,039 3,962,434
Net Investment Income 1,627,667 2,336,104
Net realized gain (loss) from investments    
Net realized gain (loss) from investments 0 0
Net change in unrealized appreciation (depreciation) in value of investments    
Net change in unrealized appreciation (depreciation) on investments (3,312,029) (678,597)
Total realized gain (loss) and change in unrealized appreciation (depreciation) on investments (3,312,029) (678,597)
Net increase (decrease) in net assets resulting from operations $ (1,684,362) $ 1,657,507
Net investment income per share - basic $ 0.11 $ 0.16
Net investment income per share - diluted 0.11 0.16
Earnings per share - basic (0.12) 0.12
Earnings per share - diluted $ (0.12) $ 0.12
Weighted average shares of common stock outstanding - basic 14,392,714 14,386,809
Weighted average shares of common stock outstanding - diluted 14,392,714 14,386,809
Distributions paid per common share $ 0.15 $ 0.15
Non-controlled, non-affiliated investments    
Investment Income:    
Total interest income $ 5,465,288 $ 5,609,112
Total payment-in-kind interest income 81,381 164,734
Total dividend income 0 0
Total payment-in-kind dividend income 188,251 166,449
Total other fee income 143,986 361,850
Net realized gain (loss) from investments    
Net realized gain (loss) from investments 0 0
Net change in unrealized appreciation (depreciation) in value of investments    
Net change in unrealized appreciation (depreciation) on investments (2,167,498) (464,275)
Affiliate investments    
Investment Income:    
Total interest income 0 (20,611)
Total payment-in-kind interest income 18,800 17,004
Total dividend income 0 0
Total payment-in-kind dividend income 0 0
Total other fee income 0 0
Net realized gain (loss) from investments    
Net realized gain (loss) from investments 0 0
Net change in unrealized appreciation (depreciation) in value of investments    
Net change in unrealized appreciation (depreciation) on investments $ (1,144,531) $ (214,322)