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Consolidated Statements of Cashflows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Jun. 30, 2023
Cash Flows from Operating Activities          
Net increase (decrease) in net assets resulting from operations     $ (4,552,064) $ 2,274,366  
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     (35,326,267) (27,986,347)  
Payment in-kind interest and dividends     (981,695) (540,466)  
Sales and repayments of investments $ 31,812,232 $ 15,604,801 42,129,589 32,081,500  
Net realized (gain) loss on investments 5,871,039 0 5,871,039 0  
Net change in unrealized appreciation/depreciation on investments (1,427,378) 1,731,840 1,884,651 2,410,437  
Amortization of discount/premium on investments     (847,541) (874,796)  
Amortization of deferred debt issuance costs     258,795 346,667  
Amortization of original issue discount     35,555 35,555  
Net (increase) decrease in operating assets:          
Interest receivable     695,336 379,047  
Payment-in-kind interest receivable     (106,318) (14,790)  
Receivable for investments sold     0 533,366  
Principal receivable     4,357 0  
Other receivables     1,050 0  
Due from affiliate     (515,361) 0  
Prepaid expenses and other assets     201,277 319,502  
Net increase (decrease) in operating liabilities:          
Payable for investments purchased     3,704,703 (246,984)  
Interest payable     (25,555) 585,804  
Directors fees payable     (11,412) 1,225  
Accrued expenses and other liabilities     212,961 141,009  
Base management fees payable     (34,263) (109,440)  
Income-based incentive fees payable     (447,147) (147,145)  
Net cash (used in) provided by operating activities     12,151,690 9,188,510  
Cash Flows from Financing Activities:          
Distributions to stockholders     (4,738,544) (4,305,727)  
Proceeds from borrowing on revolving financing facility     28,100,000 27,400,000  
Repayments of borrowing on revolving financing facility     (30,000,000) (33,000,000)  
Net cash (used in) provided by financing activities     (6,638,544) (9,905,727)  
Net change in cash     5,513,146 (717,217)  
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 $ 14,664,362 [2] $ 8,437,860 [2] 14,664,362 [2] 8,437,860 [2] $ 9,151,216 [1]
Supplemental and non-cash financing cash flow information:          
Cash paid for interest     4,500,672 3,366,541  
Cash paid for taxes     2,150 4,330  
Issuance of shares pursuant to Dividend Reinvestment Plan     10,902 10,187  
Non-cash purchase of investments     (31,302,254) 65,281  
Non-cash sale of investments     $ 31,302,254 $ (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 $3,092,224 and $963,649 of unrestricted cash as of December 31, 2023 and December 31, 2022, respectively, and $11,572,138 and $6,471,488 of restricted cash for the same periods .