Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

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Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net increase in net assets resulting from operations [1] $ 675,237 $ 5,722,385
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net change in unrealized (gain) loss on investments 75,266 (6,464,967)
Increase in investments due to PIK (93,141)
Changes in operating assets and liabilities:    
Due from portfolio companies (250) (4,144)
Interest receivable (222,066) (206,783)
Prepaid expenses (44,951) (52,403)
Taxes receivable (3,918) 750
Accrued management fees (15,481) 250,411
Accounts payable (51,048) 161,228
Due to affiliates   199,484
Tax expense payable 4,092  
Deferred fee income 45,349 (17,996)
Accrued expenses and other liabilities (64,657) 76,237
Net cash provided by (used in) operating activities 304,432 (335,798)
Net increase (decrease) in cash and restricted cash 304,432 (335,798)
Cash, cash equivalents and restricted cash at beginning of period 1,566,546 564,401
Cash, cash equivalents and restricted cash at end of period 1,870,978 228,603
Supplemental disclosure of cash flow financing activities:    
Interest expense paid 207 3,963
Income tax paid $ 1,538 $ 456
[1] Per share data based on weighted average shares outstanding.