XML 56 R49.htm IDEA: XBRL DOCUMENT v3.25.1
Investments - Schedule of Reconciliation of Investments Measured at Fair value on a recurring basis using Level 3 inputs (Details) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Schedule Of Investment Income Reported Amounts By Category [Line Items]    
Investment Owned, at Fair Value, Beginning Balance $ 191,616,958  
Investment Sales and repayments 7,340,189 $ 26,658,550
Amortization 289,989 922,739
Net realized gains (losses) (1,627,282) $ (6,271,968)
Investment Owned, at Fair Value, Ending Balance $ 192,447,870  
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest Income, Operating, Paid in Kind Interest Income, Operating, Paid in Kind
Senior Secured First Lien Debt Investments    
Schedule Of Investment Income Reported Amounts By Category [Line Items]    
Investment Owned, at Fair Value, Beginning Balance $ 155,530,390  
Investment Owned, at Fair Value, Ending Balance 148,269,027  
Unsecured Debt Investments    
Schedule Of Investment Income Reported Amounts By Category [Line Items]    
Investment Owned, at Fair Value, Beginning Balance 0  
Investment Owned, at Fair Value, Ending Balance 0  
Equity, Warrants and Other Investments    
Schedule Of Investment Income Reported Amounts By Category [Line Items]    
Investment Owned, at Fair Value, Beginning Balance 36,086,568  
Investment Owned, at Fair Value, Ending Balance 44,178,843  
Level 3    
Schedule Of Investment Income Reported Amounts By Category [Line Items]    
Investment Owned, at Fair Value, Beginning Balance 173,361,546 $ 207,381,553
Purchases (including PIK interest) 6,278,347 10,224,161
Investment Sales and repayments (4,083,820) (26,658,550)
Amortization 281,197 922,739
Net realized gains (losses) (1,627,282) (6,271,968)
Transfers in 4,949,189 0
Transfers out (4,949,189) 0
Net change in unrealized (depreciation) appreciation 4,115,371 6,605,346
Investment Owned, at Fair Value, Ending Balance 178,325,359 192,203,281
Change in unrealized appreciation (depreciation) relating to assets 2,593,736 (4,019,545)
Level 3 | Senior Secured First Lien Debt Investments    
Schedule Of Investment Income Reported Amounts By Category [Line Items]    
Investment Owned, at Fair Value, Beginning Balance 137,274,978 176,208,787
Purchases (including PIK interest) 5,382,651 10,026,039
Investment Sales and repayments (4,083,820) (26,658,550)
Amortization 281,197 922,739
Net realized gains (losses) (1,627,282) (6,271,968)
Transfers in 0 0
Transfers out (4,949,189) 0
Net change in unrealized (depreciation) appreciation 1,867,981 6,871,111
Investment Owned, at Fair Value, Ending Balance 134,146,516 161,098,158
Change in unrealized appreciation (depreciation) relating to assets 346,345 (2,413,463)
Level 3 | Unsecured Debt Investments    
Schedule Of Investment Income Reported Amounts By Category [Line Items]    
Investment Owned, at Fair Value, Beginning Balance 0  
Investment Owned, at Fair Value, Ending Balance 0  
Level 3 | Equity, Warrants and Other Investments    
Schedule Of Investment Income Reported Amounts By Category [Line Items]    
Investment Owned, at Fair Value, Beginning Balance 36,086,568 31,172,766
Purchases (including PIK interest) 895,696 198,122
Investment Sales and repayments 0 0
Amortization 0 0
Net realized gains (losses) 0 0
Transfers in 4,949,189 0
Transfers out 0 0
Net change in unrealized (depreciation) appreciation 2,247,390 (265,765)
Investment Owned, at Fair Value, Ending Balance 44,178,843 31,105,123
Change in unrealized appreciation (depreciation) relating to assets $ 2,247,391 $ (1,606,082)