v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Investment Income:    
Total interest income $ 3,050,556 $ 3,503,180
Total payment-in-kind interest income 365,389 441,268
Total dividend income 61,659 81,607
Total payment-in-kind dividend income 0 221,685
Total other fee income 73,372 121,024
Other income 575 0
Total investment income 3,551,551 4,368,764
Expenses:    
Interest expense 1,690,014 1,831,967
Base management fees 815,591 848,036
Income-based incentive fees 0 0
Professional fees 385,447 341,283
Allocation of administrative costs from Adviser 253,433 254,023
Amortization of deferred debt issuance costs 153,824 153,824
Amortization of original issue discount - 2026 Notes 17,777 17,777
Insurance expense 104,681 120,502
Directors' fees 79,952 76,500
Custodian and administrator fees 73,356 74,237
Other expenses 106,884 40,173
Total expenses 3,680,959 3,758,322
Waiver of base management fees (455,783) (74,143)
Waiver of income-based incentive fees 0 0
Net expenses 3,225,176 3,684,179
Net investment income before taxes 326,375 684,585
Income tax expense, including excise tax expense 141,293 81,059
Net investment income after taxes 185,082 603,526
Net realized gain (loss) from investments    
Net realized gain (loss) from investments 19,335 (1,627,282)
Net change in unrealized appreciation (depreciation) in value of investments    
Net change in unrealized appreciation (depreciation) on investments (8,833,079) 3,230,048
Total realized gain (loss) and change in unrealized appreciation (depreciation) on investments (8,813,744) 1,602,766
Net increase (decrease) in net assets resulting from operations $ (8,628,662) $ 2,206,292
Earnings per share - basic $ (0.6) $ 0.15
Earnings per share - diluted $ (0.6) $ 0.15
Weighted average shares of common stock outstanding - basic 14,432,472 14,412,994
Weighted average shares of common stock outstanding - diluted 14,432,472 14,412,994
Distributions declared per common share $ 0 $ 0.12
Investment, Unaffiliated Issuer [Member]    
Investment Income:    
Total interest income $ 3,037,427 $ 3,488,202
Total payment-in-kind interest income 179,435 419,888
Total dividend income 61,659 81,607
Total payment-in-kind dividend income 0 221,685
Total other fee income 73,372 121,024
Net realized gain (loss) from investments    
Net realized gain (loss) from investments 19,335 (1,627,282)
Net change in unrealized appreciation (depreciation) in value of investments    
Net change in unrealized appreciation (depreciation) on investments (7,291,200) 3,379,849
Non-Controlled, Affiliated Investments    
Investment Income:    
Total interest income 13,129 14,978
Total payment-in-kind interest income 185,954 21,380
Total dividend income 0 0
Total payment-in-kind dividend income 0 0
Total other fee income 0 0
Net realized gain (loss) from investments    
Net realized gain (loss) from investments 0 0
Net change in unrealized appreciation (depreciation) in value of investments    
Net change in unrealized appreciation (depreciation) on investments $ (1,541,879) $ (149,801)