Consolidated Statements of Assets and Liabilities - USD ($) |
Mar. 31, 2026 |
Dec. 31, 2025 |
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|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total investments, at fair value | $ 151,419,307 | $ 172,658,862 | ||||||
| Cash and cash equivalents | 2,739,918 | 4,582,403 | ||||||
| Restricted cash and cash equivalents | 8,831,004 | 10,416,042 | ||||||
| Principal receivable | 83,087 | 55,377 | ||||||
| Interest receivable | 937,415 | 808,703 | ||||||
| Payment-in-kind interest receivable | 150,606 | 190,790 | ||||||
| Prepaid expenses and other assets | 397,282 | 124,928 | ||||||
| Total Assets | 164,558,619 | 188,837,105 | ||||||
| Debt: | ||||||||
| Revolving credit facility | 44,900,000 | 58,900,000 | ||||||
| Deferred debt issuance costs | (848,479) | (754,121) | ||||||
| Unamortized discount | (940,301) | (17,778) | ||||||
| Debt, net | 108,111,220 | 123,128,101 | ||||||
| Interest payable | 897,826 | 1,887,457 | ||||||
| Base management fees payable | 1,146,794 | 786,986 | ||||||
| Income-based incentive fees payable | 351,571 | 351,571 | ||||||
| Deferred income liability | 364,353 | 440,084 | ||||||
| Directors' fees payable | 79,952 | 0 | ||||||
| Accrued expenses and other liabilities | 909,553 | 916,894 | ||||||
| Total Liabilities | 111,861,269 | 127,511,093 | ||||||
| Commitments and Contingencies (see Note 6) | ||||||||
| Net Assets | ||||||||
| Common stock, par value $0.001 per share (100,000,000 shares authorized and 14,432,472 and 14,432,472 shares issued and outstanding, respectively) | 14,432 | 14,432 | ||||||
| Additional paid-in capital | 203,128,982 | 203,128,982 | ||||||
| Distributable earnings (loss) | (150,446,064) | (141,817,402) | ||||||
| Total Net Assets | 52,697,350 | 61,326,012 | ||||||
| Total Liabilities and Net Assets | $ 164,558,619 | $ 188,837,105 | ||||||
| Net Asset Value Per Share | $ 3.65 | [1] | $ 4.25 | [2] | ||||
| 2029 Notes payable [Member] | ||||||||
| Debt: | ||||||||
| Notes payable | $ 65,000,000 | $ 0 | ||||||
| 2026 Notes payable | ||||||||
| Debt: | ||||||||
| Notes payable | 0 | 65,000,000 | ||||||
| Non-Controlled, Non-Affiliated Investments | ||||||||
| Assets | ||||||||
| Total investments, at fair value | 140,007,640 | 159,985,717 | ||||||
| Non-Controlled, Affiliated Investments | ||||||||
| Assets | ||||||||
| Total investments, at fair value | $ 11,411,667 | $ 12,673,145 | ||||||
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- Definition Directors' fees payable. No definition available.
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- Definition Payment-in-kind interest receivable. No definition available.
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| X | ||||||||||
- Definition Principal receivable No definition available.
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- Definition Amount of liabilities incurred and payable to vendors for goods and services received, and accrued liabilities classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of excess of issue price over par or stated value of stock and from other transaction involving stock or stockholder. Includes, but is not limited to, additional paid-in capital (APIC) for common and preferred stock. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of asset recognized for present right to economic benefit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of cash and cash equivalent. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount, after accumulated amortization, of debt discount. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences from tax deferred revenue or income classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of income-based incentive fee payable for performance under arrangement to manage operation, including, but not limited to, managing investment. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of interest payable on debt, including, but not limited to, trade payables. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Fair value of investment in security owned. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of fee payable for management of fund or trust. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Net asset value per share or per unit of investments in certain entities that calculate net asset value per share. Includes, but is not limited to, by unit, membership interest, or other ownership interest. Investment includes, but is not limited to, investment in certain hedge funds, venture capital funds, private equity funds, real estate partnerships or funds. Excludes fair value disclosure. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets. No definition available.
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| X | ||||||||||
- Definition Amount of cash and cash equivalent restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of accumulated undistributed earnings (deficit). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- References No definition available.
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