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Consolidated Statements of Assets and Liabilities - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Assets    
Total investments, at fair value $ 192,447,870 $ 191,616,958
Cash 2,333,328 771,483
Cash, restricted 10,656,778 11,333,064
Principal receivable 0 720,855
Interest receivable 1,067,588 1,576,381
Payment-in-kind interest receivable 82,197 85,399
Long-term receivable 0 489,365
Short-term receivable 528,462 160,901
Prepaid expenses and other assets 490,407 97,324
Total Assets 207,606,630 206,851,730
Debt:    
Revolving credit facility 56,000,000 58,500,000
2026 Notes payable 65,000,000 65,000,000
Deferred debt issuance costs (1,215,592) (1,369,415)
Unamortized discount (71,110) (88,888)
Debt, net 119,713,298 122,041,697
Payable for investments purchased 1,474,677 1,474,677
Dividend payable 1,729,684 1,728,749
Income-based incentive fees payable 501,955 501,955
Base management fees payable 1,543,069 769,176
Interest payable 2,624,154 1,894,921
Deferred income liability 674,011 0
Directors' fees payable 76,500 81,323
Accrued expenses and other liabilities 1,167,829 757,102
Total Liabilities 129,505,177 129,249,600
Commitments and Contingencies (see Note 6)
Net Assets    
Common stock, par value $0.001 per share (100,000,000 shares authorized and 14,414,033, 14,406,244 shares issued and outstanding, respectively) 14,414 14,406
Additional paid-in capital 203,528,187 203,505,480
Distributable earnings (loss) (125,441,148) (125,917,756)
Total Net Assets 78,101,453 77,602,130
Total Liabilities and Net Assets $ 207,606,630 $ 206,851,730
Net Asset Value Per Share $ 5.42 [1] $ 5.39 [2]
Non-Controlled, Non-Affiliated Investments    
Assets    
Total investments, at fair value $ 189,559,979 $ 188,602,029
Affiliate Investments    
Assets    
Total investments, at fair value $ 2,887,891 $ 3,014,929
[1] The per share data for dividends and distributions declared reflects the actual amount of the dividends and distributions declared per share during the period.
[2] 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.