Annual report [Section 13 and 15(d), not S-K Item 405]

Statements of Cash Flows

v3.25.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:      
Net increase (decrease) in net assets resulting from operations [1] $ (10,861,296) $ (178,900) $ 6,646,925
Proceeds from sales, repayments, or maturity of investments in:      
Portfolio investments 192,932 11,168,883
Net realized (gain) loss on investments 5,549,735 1,200 (4,368,297)
Net change in unrealized (gain) loss on investments 5,172,924 994,274 (3,057,582)
Purchase of investments (80,000)
Increase in investments due to payments in kind (318,417) (166,339)
Allowance for bad debt (413,896)
Changes in other assets and liabilities:      
Due from portfolio companies (6,457) (250) 199,054
Interest receivable (42,535) (232,064) 224,420
Allowance for bad debt (16,549)
Prepaid expenses (29,112) (11,754) (5,079)
Tax receivable 750
Accrued management fees (23,603) (13,045) (170,390)
Accounts payable (142,927) (20,624) (23,549)
Due to affiliates (208,141)
Tax expense payable (64,537) 64,537
Deferred fee income 41,860 (17,996)
Accrued expenses and other liabilities (13,953) (65,782) 63,498
Net cash provided by (used in) operating activities (683,795) 413,113 10,038,600
Cash Flows from Financing Activities      
Cash dividends paid (9,036,455)
Net cash provided by (used in) financing activities (9,036,455)
Net increase in cash, cash equivalents and restricted cash (683,795) 413,113 1,002,145
Cash, cash equivalents and restricted cash at beginning of year 1,979,659 1,566,546 564,401
Cash, cash equivalents and restricted cash at end of year 1,295,864 1,979,659 1,566,546
Supplemental disclosure of cash flow financing activities:      
Interest expense paid 207 4,896
Income tax paid $ 62,687 $ 456 $ 456
[1] Per share data based on weighted average shares outstanding.