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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Cash Flows from Operating Activities      
Net increase (decrease) in net assets resulting from operations $ 2,206,292 $ 2,411,740  
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 (5,612,192) (9,299,480)  
Payment in-kind interest and dividends (666,155) (924,681)  
Sales and repayments of investments 7,340,189 26,658,550  
Net realized (gain) loss on investments 1,627,282 6,271,968  
Net change in unrealized appreciation/depreciation on investments (3,230,048) (6,605,346)  
Amortization of discount/premium on investments (289,989) (922,739)  
Amortization of deferred debt issuance costs 153,824 164,790  
Amortization of original issue discount 17,778 17,778  
Net (increase) decrease in operating assets:      
Interest receivable 508,793 41,819  
Payment-in-kind interest receivable 3,202 93,240  
Receivable for investments sold 0 (1,972,100)  
Principal receivable 720,855 41,532  
Due from affiliate 0 339,445  
Long-term receivable 489,365 (618,772)  
Escrow receivable 0 (95,190)  
Short-term receivable (367,561) 0  
Prepaid expenses and other assets (393,083) (443,459)  
Net increase (decrease) in operating liabilities:      
Payable for investments purchased 0 (2,012,467)  
Interest payable 729,233 704,743  
Deferred income liability 674,011 0  
Directors fees payable (4,823) (4,343)  
Accrued expenses and other liabilities 410,727 57,961  
Base management fees payable 773,893 (17,627)  
Income-based incentive fees payable 0 0  
Net cash (used in) provided by operating activities 5,091,593 13,887,362  
Cash Flows from Financing Activities:      
Payment for deferred financing costs 0 (1,010,788)  
Issuance of common shares 0 0  
Distributions to stockholders (1,706,034) (2,151,427)  
Proceeds from borrowing on revolving financing facility 500,000 4,000,000  
Repayments of borrowing on revolving financing facility (3,000,000) (16,500,000)  
Net cash (used in) provided by financing activities (4,206,034) (15,662,215)  
Net change in cash 885,559 (1,774,853)  
Cash and restricted cash at beginning of year 12,104,547 14,664,362  
Cash and restricted cash at end of period 12,990,106 12,889,509 $ 12,104,547
Supplemental and non-cash financing cash flow information:      
Cash paid for interest 1,102,733 1,481,936  
Cash paid for taxes 6,059 265,000  
Issuance of shares pursuant to Dividend Reinvestment Plan 22,715 7,810  
Non-cash purchase of investments (10,453,723) 0  
Non-cash sale of investments 10,453,723 0  
Cash 2,333,328 2,728,347 771,483
Cash, restricted 10,656,778 10,161,162 11,333,064
Cash and restricted cash $ 12,990,106 $ 12,889,509 $ 12,104,547