Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

v3.24.3
Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net increase (decrease) in net assets resulting from operations [1] $ (8,779,158) $ 675,237
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net realized loss on investments 5,549,735
Net change in unrealized loss on investments 3,037,038 75,266
Purchase of investments (65,000)
Increase in investments due to PIK (234,092) (93,141)
Sale of investments 192,932
Changes in operating assets and liabilities:    
Due from portfolio companies (5,197) (250)
Interest receivable 17,229 (222,066)
Allowance for bad debt (16,549)
Prepaid expenses (62,309) (44,951)
Taxes receivable (3,918)
Accrued management fees (20,749) (15,481)
Accounts payable (53,111) (51,048)
Taxes expense payable (59,331) 4,092
Deferred fee income 31,395 45,349
Accrued expenses and other liabilities (40,735) (64,657)
Net cash provided by (used in) operating activities (507,902) 304,432
Net increase (decrease) in cash, cash equivalents and restricted cash (507,902) 304,432
Cash, cash equivalents and restricted cash at beginning of period 1,979,659 1,566,546
Cash, cash equivalents and restricted cash at end of period 1,471,757 1,870,978
Supplemental disclosure of cash flow financing activities:    
Interest expense paid 207
Income tax paid $ 62,687 $ 1,538
[1] Per share data based on weighted average shares outstanding.