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Change in Year End | 6 Months Ended
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Dec. 31, 2024
Accounting Policies [Abstract] |
Change in Year End | Note 3. Change in Year End On September 18, 2024, the Company’s Board changed the Company’s fiscal year end from June 30 to December 31, effective December 31, 2024. Our 2024 fiscal year consists of the six month transition period beginning July 1, 2024 through December 31, 2024. Financial statements for the twelve months ended June 30, 2024 and 2023 continue to be presented on the basis of our previous fiscal year end. The following is selected financial data for the six month transition period ending December 31, 2024 and the comparable prior year period:
|  | Six Months Ended December 31,
|  | 2024 |  | 2023 (Unaudited)
Investment Income: |  |  |  |
Interest income |  |  |  |
Non-controlled, non-affiliated investments |  | $8,680,899 |  | $10,618,887
Non-controlled, affiliated investments |  | 3,660 |  | 540
Total interest income |  | 8,684,559 |  | 10,619,427
Payment in-kind interest income |  |  |  |
Non-controlled, non-affiliated investments |  | 2,329,399 |  | 667,500
Non-controlled, affiliated investments |  | 42,079 |  | 38,080
Total payment-in-kind interest income |  | 2,371,478 |  | 705,580
Dividend income |  |  |  |
Non-controlled, non-affiliated investments |  | — |  | —
Non-controlled, affiliated investments |  | — |  | —
Total dividend income |  | — |  | —
Payment in-kind dividend income |  |  |  |
Non-controlled, non-affiliated investments |  | 432,669 |  | 382,433
Non-controlled, affiliated investments |  | — |  | —
Total payment-in-kind dividend income |  | 432,669 |  | 382,433
Other fee income |  |  |  |
Non-controlled, non-affiliated investments |  | 134,051 |  | 433,454
Non-controlled, affiliated investments |  | — |  | —
Total other fee income |  | 134,051 |  | 433,454
Total investment income |  | 11,622,757 |  | 12,140,894
Expenses: |  |  |  |
Interest expense |  | 3,752,412 |  | 4,475,119
Base management fees |  | 1,671,831 |  | 1,959,179
Income-based incentive fees |  | 501,540 |  | (72,942)
Professional fees |  | 718,289 |  | 626,388
Allocation of administrative costs from Adviser |  | 382,064 |  | 892,420
Amortization of deferred debt issuance costs |  | 306,004 |  | 271,294
Amortization of original issue discount - 2026 Notes |  | 35,555 |  | 35,555
Insurance expense |  | 255,536 |  | 225,968
Directors' fees |  | 175,852 |  | 146,250
Custodian and administrator fees |  | 147,986 |  | 146,861
Other expenses |  | 346,109 |  | 215,827
Total expenses |  | 8,293,178 |  | 8,921,919
Waiver of base management fees |  | (131,735) |  | (194,895)
Waiver of income-based incentive fees |  | — |  | —
Net expenses |  | 8,161,443 |  | 8,727,024
Net investment income before taxes |  | 3,461,314 |  | 3,413,870
Income tax expense, including excise tax expense |  | 315,075 |  | 210,244
Net investment income after taxes |  | $3,146,239 |  | $3,203,626
Net realized and unrealized gain/(loss) on investments: |  |  |  |
Net realized gain (loss) from investments |  |  |  |
Non-controlled, non-affiliated investments |  | $(8,114,711) |  | $(5,871,039)
Non-controlled, affiliated investments |  | — |  | —
Net realized gain (loss) from investments |  | (8,114,711) |  | (5,871,039)
Net change in unrealized appreciation (depreciation) in value of investments |  |  |  |
Non-controlled, non-affiliated investments |  | 11,819,426 |  | (513,221)
Non-controlled, affiliated investments |  | (808,865) |  | (1,371,430)
Net change in unrealized appreciation (depreciation) on investments |  | 11,010,561 |  | (1,884,651)
Total realized gain (loss) and change in unrealized appreciation (depreciation) on investments |  | 2,895,850 |  | (7,755,690)
Net increase (decrease) in net assets resulting from operations |  | $6,042,089 |  | $(4,552,064)
Basic and diluted: |  |  |  |
Earnings per share |  | $0.42 |  | $(0.32)
Weighted average shares of common stock outstanding |  | 14,404,510 |  | 14,393,398
Distributions paid per common share |  | $0.24 |  | $0.30

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