XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Cashflows (Unaudited) - USD ($)
 3 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Jun. 30, 2023
Cash Flows from Operating Activities      
Net increase (decrease) in net assets resulting from operations $ (1,684,362) $ 1,657,507  
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Origination and purchase of investments (16,226,507) (21,814,275)  
Payment in-kind interest and dividends (308,782) (333,580)  
Sales and repayments of investments 10,317,357 16,476,699  
Net realized (gain) loss on investments 0 0  
Net change in unrealized appreciation/depreciation on investments 3,312,029 678,597  
Amortization of discount/premium on investments (387,051) (501,016)  
Amortization of deferred debt issuance costs 173,334 173,333  
Amortization of original issue discount 17,778 17,778  
Net (increase) decrease in operating assets:      
Interest receivable 426,742 366,854  
Payment-in-kind interest receivable 20,350 (14,607)  
Receivable for investments sold 0 (3,790,703)  
Principal receivable (97,717) 0  
Prepaid expenses and other assets 136,263 144,719  
Net increase (decrease) in operating liabilities:      
Payable for investments purchased 13,046,578 (221,531)  
Interest payable 713,308 1,009,235  
Directors fees payable (10,625) (875)  
Accrued expenses and other liabilities 289,422 222,344  
Base management fees payable 892,290 1,009,835  
Income-based incentive fees payable 0 (147,145)  
Net cash (used in) provided by operating activities 10,630,407 (5,066,831)  
Cash Flows from Financing Activities:      
Distributions to stockholders (2,586,723) (2,153,109)  
Proceeds from borrowing on revolving financing facility 3,600,000 19,500,000  
Repayments of borrowing on revolving financing facility (6,500,000) (14,000,000)  
Net cash (used in) provided by financing activities (5,486,723) 3,346,891  
Net change in cash 5,143,684 (1,719,940)  
Cash and restricted cash at beginning of year [1] 9,151,216 9,155,077 $ 9,155,077
Cash and restricted cash at end of period 14,294,900 [2] 7,435,137 [2] $ 9,151,216 [1]
Supplemental and non-cash financing cash flow information:      
Cash paid for interest 1,501,875 782,733  
Cash paid for taxes 2,150 4,330  
Issuance of shares pursuant to Dividend Reinvestment Plan 3,797 4,763  
Non-cash purchase of investments (890,312) (65,281)  
Non-cash sale of investments $ 890,312 $ 65,281  
[1] Represents $1,093,758 and $2,550,021 of unrestricted cash as of June 30, 2023 and June 30, 2022, respectively, and $8,057,458 and $6,605,056 of restricted cash for the same periods .
[2] Represents $90,773 and $963,649 of unrestricted cash as of September 30, 2023 and September 30, 2022, respectively, and $14,204,127 and $6,471,488 of restricted cash for the same periods .