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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Investment Income:    
Total interest income $ 4,674,329 $ 5,465,288
Total payment-in-kind interest income 1,880,707 100,181
Total payment-in-kind dividend income 212,979 188,251
Total other fee income 78,760 143,986
Total investment income 6,846,775 5,897,706
Expenses:    
Interest expense 1,857,409 2,215,183
Base management fees 840,459 978,919
Income-based incentive fees 501,540 0
Provision for tax expense 221,655 100,747
Professional fees 394,639 227,407
Allocation of administrative costs from Adviser 185,906 263,375
Amortization of deferred debt issuance costs 152,591 173,333
Amortization of original issue discount - 2026 Notes 17,778 17,777
Insurance expense 127,768 112,984
Directors' fees 94,529 73,375
Custodian and administrator fees 72,123 69,292
Other expenses 124,013 124,277
Total expenses 4,590,410 4,356,669
Waiver of base management fees (69,578) (86,630)
Waiver of income-based incentive fees 0 0
Net expenses 4,520,832 4,270,039
Net Investment Income 2,325,943 1,627,667
Net realized gain (loss) from investments    
Net realized gain (loss) from investments (4,056,505) 0
Net change in unrealized appreciation (depreciation) in value of investments    
Net change in unrealized appreciation (depreciation) on investments 8,337,191 (3,312,029)
Total realized gain (loss) and change in unrealized appreciation (depreciation) on investments 4,280,686 (3,312,029)
Net increase (decrease) in net assets resulting from operations $ 6,606,629 $ (1,684,362)
Net investment income per share, Basic $ 0.16 $ 0.11
Net investment income per share, Diluted 0.16 0.11
Earnings (Loss) per share - basic 0.46 (0.12)
Earnings (Loss) per share - diluted $ 0.46 $ (0.12)
Weighted average shares of common stock outstanding - basic 14,403,752 14,392,714
Weighted average shares of common stock outstanding - diluted 14,403,752 14,392,714
Distributions paid per common share $ 0.12 $ 0.15
Non-Controlled, Non-Affiliated Investments    
Investment Income:    
Total interest income $ 4,674,329 $ 5,465,288
Total payment-in-kind interest income 1,859,938 81,381
Total payment-in-kind dividend income 212,979 188,251
Total other fee income 78,760 143,986
Net realized gain (loss) from investments    
Net realized gain (loss) from investments (4,056,505) 0
Net change in unrealized appreciation (depreciation) in value of investments    
Net change in unrealized appreciation (depreciation) on investments 7,558,426 (2,167,498)
Non-controlled, Affiliated Investments    
Investment Income:    
Total interest income 0 0
Total payment-in-kind interest income 20,769 18,800
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 $ 778,765 $ (1,144,531)