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Consolidated Statements of Assets and Liabilities - USD ($)
Jun. 30, 2024
Jun. 30, 2023
Assets    
Affiliated investments, at fair value $ 184,569,530 $ 220,111,329
Cash 158,768 1,093,758
Cash, restricted 4,950,036 8,057,458
Principal receivable 50,609 93,581
Interest receivable 1,301,516 2,041,877
Payment-in-kind interest receivable 66,625 46,088
Long-term receivable 631,667 0
Escrow Receivable 97,173 0
Other receivables 0 1,050
Prepaid expenses and other assets 411,821 361,719
Total Assets 192,237,745 231,806,860
Notes payable:    
Revolving credit facility 43,000,000 71,900,000
2026 Notes payable 65,000,000 65,000,000
Deferred debt issuance costs (1,654,870) (1,220,556)
Unamortized discount (124,443) (195,553)
Notes payable, net 106,220,687 135,483,891
Payable for investments purchased 7,425,000 1,795,297
Dividend payable 0 2,590,520
Income-based incentive fees payable 128,876 576,023
Advisor fees 816,777 906,218
Interest payable 1,950,925 2,293,766
Directors' fees payable 0 15,755
Accrued expenses and other liabilities 685,271 445,082
Total Liabilities 117,227,536 144,106,552
Commitments and Contingencies (see Note 6)
Net Assets    
Common stock, par value $0.001 per share (100,000,000 shares authorized 14,403,752 and 14,391,775 shares issued and outstanding, respectively) 14,404 14,392
Additional paid-in capital 203,103,263 203,327,714
Distributable earnings (loss) (128,107,458) (115,641,798)
Total Net Assets 75,010,209 87,700,308
Total Liabilities and Net Assets $ 192,237,745 $ 231,806,860
Net Asset Value Per Share [1] $ 5.21 $ 6.09
Non-controlled, non-affiliated investments    
Assets    
Affiliated investments, at fair value $ 181,948,376 $ 210,150,018
Affiliate Investments    
Assets    
Affiliated investments, at fair value $ 2,621,154 $ 9,961,311
[1] All per share data activity is calculated based on the weighted average shares outstanding for the relevant period, except net increase (decrease) in net assets from capital share transactions, which is based on the common shares outstanding as of the relevant balance sheet date.