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Consolidated Statements of Assets and Liabilities - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Assets    
Total investments, at fair value $ 196,135,047 $ 191,616,958
Cash 3,860,953 771,483
Cash, restricted 7,772,207 11,333,064
Principal receivable 296,804 720,855
Interest receivable 1,718,220 1,576,381
Payment-in-kind interest receivable 188,912 85,399
Long-term receivable 0 489,365
Short-term receivable 352,308 160,901
Prepaid expenses and other assets 311,628 97,324
Total Assets 210,636,079 206,851,730
Debt:    
Revolving credit facility 63,500,000 58,500,000
2026 Notes payable 65,000,000 65,000,000
Deferred debt issuance costs (907,945) (1,369,415)
Unamortized discount (35,555) (88,888)
Debt, net 127,556,500 122,041,697
Payable for investments purchased 3,135,313 1,474,677
Dividend payable 2,020,368 1,728,749
Income-based incentive fees payable 364,405 501,955
Base management fees payable 775,225 769,176
Interest payable 2,835,787 1,894,921
Deferred income liability 517,499 0
Directors' fees payable 0 81,323
Accrued expenses and other liabilities 727,656 757,102
Total Liabilities 137,932,753 129,249,600
Commitments and Contingencies (see Note 6)
Net Assets    
Common stock, par value $0.001 per share (100,000,000 shares authorized and 14,431,202 and 14,406,244 shares issued and outstanding, respectively) 14,431 14,406
Additional paid-in capital 203,575,908 203,505,480
Distributable earnings (loss) (130,887,013) (125,917,756)
Total Net Assets 72,703,326 77,602,130
Total Liabilities and Net Assets $ 210,636,079 $ 206,851,730
Net Asset Value Per Share $ 5.04 [1] $ 5.39 [2]
Non-Controlled, Non-Affiliated Investments    
Assets    
Total investments, at fair value $ 194,102,143 $ 188,602,029
Affiliate Investments    
Assets    
Total investments, at fair value $ 2,032,904 $ 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.