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Consolidated Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Investment Income:      
Total interest income $ 20,284,227 $ 23,801,570 $ 22,671,611
Total payment-in-kind interest income 2,106,424 1,320,239 311,190
Total dividend income 54,138 101,755 296,126
Total payment-in-kind dividend income 784,854 691,972 282,952
Total other fee income 648,659 768,617 869,486
Total investment income 23,878,302 26,684,153 24,431,365
Expenses:      
Interest expense 8,606,309 8,413,409 6,633,587
Base management fees 3,800,693 4,201,394 4,594,588
Income-based incentive fees (72,942) 401,597 (348,670)
Provision for tax expense 267,150 294,330 270,618
Professional fees 1,239,122 984,290 1,302,513
Allocation of administrative costs from Adviser 1,360,194 966,045 1,247,205
Amortization of deferred debt issuance costs 576,475 693,333 621,111
Amortization of original issue discount 2026 Notes 71,110 71,110 71,110
Insurance expense 479,502 506,963 512,347
Directors' fees 294,907 302,500 302,500
Custodian and administrator fees 316,128 292,267 334,214
Other expenses 713,789 516,160 446,330
Total expenses 17,652,437 17,643,398 15,987,453
Waiver of base management fees (365,225) (387,311) (480,032)
Waiver of income-based incentive fees 0 0 0
Net expenses 17,287,212 17,256,087 15,507,421
Net Investment Income 6,591,090 9,428,066 8,923,944
Net realized gain (loss) from investments      
Net realized gain (loss) from investments (13,971,537) (26,890,095) (14,395,431)
Net change in unrealized appreciation (depreciation) in value of investments      
Net change in unrealized appreciation (depreciation) on investments 3,287,977 20,696,532 8,058,117
Total realized gain (loss) and change in unrealized appreciation (depreciation) on investments (10,683,560) (6,193,563) (6,337,314)
Net increase (decrease) in net assets resulting from operations $ (4,092,470) $ 3,234,503 $ 2,586,630
Net investment income per share, Basic $ 0.46 $ 0.66 $ 0.62
Net investment income per share, Diluted 0.46 0.66 0.62
Basic net increase (decrease) in net assets from operations per share (0.28) 0.22 0.18
Diluted net increase (decrease) in net assets from operations per share $ (0.28) $ 0.22 $ 0.18
Weighted average shares of common stock outstanding - Basic 14,396,201 14,389,163 14,304,641
Weighted average shares of common stock outstanding - Diluted 14,396,201 14,389,163 14,304,641
Distributions paid per common share $ 0.6 $ 0.63 $ 0.6
Non-controlled, non-affiliated investments      
Investment Income:      
Total interest income $ 20,271,776 $ 23,822,181 $ 22,641,798
Total payment-in-kind interest income 2,028,744 1,250,169 102,720
Total dividend income 54,138 101,755 0
Total payment-in-kind dividend income 784,854 691,972 282,952
Total other fee income 648,659 768,617 868,727
Net realized gain (loss) from investments      
Net realized gain (loss) from investments (7,731,553) (26,890,095) (6,198,762)
Net change in unrealized appreciation (depreciation) in value of investments      
Net change in unrealized appreciation (depreciation) on investments 1,797,807 21,966,347 2,898,538
Affiliate Investments      
Investment Income:      
Total interest income 12,451 (20,611) 29,813
Total payment-in-kind interest income 77,680 70,070 208,470
Total dividend income 0 0 296,126
Total payment-in-kind dividend income 0 0 0
Total other fee income 0 0 759
Net realized gain (loss) from investments      
Net realized gain (loss) from investments (6,239,984) 0 (8,196,669)
Net change in unrealized appreciation (depreciation) in value of investments      
Net change in unrealized appreciation (depreciation) on investments $ 1,490,170 $ (1,269,815) $ 5,159,579