Annual report pursuant to Section 13 and 15(d)

Fair Value of Investments (Details) - Schedule of quantitative information regarding Level 3 fair value measurements

v3.23.1
Fair Value of Investments (Details) - Schedule of quantitative information regarding Level 3 fair value measurements - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 30,377,889 $ 34,305,892
First Lien Loans 1 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 12,959,968 $ 4,854,720
Valuation Technique Enterprise Value Coverage [1] Discounted Cash Flow [2]
Unobservable Inputs EV / Store level EBITDAR Discount Rate
Range Average [3] 5.00x-5.50x (5.25x) 55.00%-65.00% (60.00%)
First Lien Loans 2 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Valuation Technique [2]   Judgment Recovery
Unobservable Inputs Location Value Recovery Rate
Range Average [3] $1,450,000-$1,650,000 ($1,550,000) 40.00%-60.00% (50.00%)
First Mortgage [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 12,959,968 $ 19,400,200
Second Lien Loans 1 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 10,976,647 $ 11,435,134
Valuation Technique Enterprise Value Coverage [1] Enterprise Value Coverage [2]
Unobservable Inputs EV / LTM Revenue EV / RR Revenue Multiple
Range Average [3] 0.39x-0.44x (0.42x) 0.48x-0.53x (0.50x)
Second Lien Loans 2 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs EV / PF EBITDA EV / 2021 Revenue
Range Average [3] 5.50x-6.50x (6.00x) 0.60-0.70x (0.65x)
Second Mortgage [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 10,976,647 $ 11,435,134
Unsecured Loans [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value
Valuation Technique Enterprise Value Coverage [1] Enterprise Value Coverage [2]
Unobservable Inputs EV / LTM Revenue EV / RR Revenue Multiple
Range Average [3] 0.39x-0.44x (0.42x) 0.48x-0.53x (0.50x)
Equity 1 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 4,742,945 $ 1,725,445
Valuation Technique Enterprise Value Coverage [1] Enterprise Value Coverage [2]
Unobservable Inputs EV / LTM Revenue EV / RR Revenue Multiple
Range Average [3] 0.39x-0.44x (0.42x) 0.48x-0.53x (0.50x)
Equity 2 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs EV / PF EBITDA EV / 2021 Revenue
Range Average [3] 5.50x-6.50x (6.00x) 0.60x-0.70x (0.65x)
First Lien Loans 3 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Valuation Technique [2]   Judgment + Penalty Recovery
Unobservable Inputs EV / Store level EBITDAR Recovery Rate
Range Average [3] 5.00x-5.50x (5.25x) 40.00%-60.00% (50.00%)
Equity 4 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs Location Value EV / CFY Revenue
Range Average [3] $1,450,000-$1,650,000 ($1,550,000) 0.95x-1.05x (1.00x)
Equity 5 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 1,698,329  
Valuation Technique [1] Appraisal Value Coverage  
Unobservable Inputs Cost Approach EV / STORE LEVEL EBITDAR
Range Average [3] $1,449,000-$1,771,000 ($1,610,000) 4.75x-5.25x (5.00x)
Equity 6 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs Sales Comparison Approach Location Value
Range Average [3] $1,431,000-$1,749,000 ($1,590,000) $1,275,000-$1,375,000 ($1,325,000)
Equity Interest [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 6,441,274 $ 3,470,558
First Lien Loans 4 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Valuation Technique [2]   Zero Recovery
Unobservable Inputs   Recovery Rate
Range Average [3]   0.00%-0.00% (0.00%)
First Lien Loans 5 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value   $ 14,545,480
Valuation Technique [2]   Enterprise Value Coverage
Unobservable Inputs   EV / Store level EBITDAR
Range Average [3]   4.75x-5.25x (5.00x)
First Lien Loans 6 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs   Location Value
Range Average [3]   $1,275,000-$1,375,000 ($1,325,000)
Second Lien Loans 3 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs   EV / CFY EBITDA
Range Average [3]   7.50x-8.50x (8.00x)
Second Lien Loans 4 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs   EV / CFY Revenue
Range Average [3]   0.95x-1.05x (1.00x)
Second Lien Loans 5 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Valuation Technique [2]   Pending Sale
Unobservable Inputs   Approach Weight
Range Average [3]   35.40%-35.40% (35.40%)
Equity 3 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs   EV / CFY EBITDA
Range Average [3]   7.50x-8.50x (8.00x)
Equity 7 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Valuation Technique [2]   Pending Sale
Unobservable Inputs   Approach Weight
Range Average [3]   35.40%-35.40% (35.40%)
Equity 8 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value   $ 1,745,113
Valuation Technique [2]   Appraisal Value Coverage
Unobservable Inputs   Cost Approach
Range Average [3]   $1,458,000-$1,782,000 ($1,620,000)
Equity 9 [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Unobservable Inputs   Sales Comparison Approach
Range Average [3]   $1,350,000-$1,650,000 ($1,500,000)
[1] There were no changes in the valuation technique for the Company's investments from the prior quarter.
[2] The valuation technique for the Company's investment in a First Lien Loan changed with addition of a Judgment Recovery, Judgment plus Penalty Recovery and Zero Recovery techniques. The reason for the change was the additional recovery options that presented itself in the fourth quarter. The valuation technique for the Company's investment in a Second Lien Loan and an Equity position changed with the addition of a Pending Sale technique. The reason for the change is that these investments are pending sale as of December 31, 2021.
[3] The average represents the arithmetic average of the unobservable inputs and is not weighted by the relative fair value.