Investments - Summary of Changes in Assets Measured at Fair Value Using Significant Unobservable Inputs (Details) - USD ($)
|
3 Months Ended |
9 Months Ended |
Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Change in unrealized appreciation/depreciation included in earnings related to Level 3 investments still held at reporting date |
$ (5,665,541)
|
$ 2,599,652
|
$ (776,811)
|
$ 2,634,355
|
| Level 3 |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Ending balance, of Level 3 Assets |
|
|
69,816,062
|
55,096,711
|
| Total realized gains (losses), net |
|
|
6,148,837
|
(649,863)
|
| Total unrealized gains (losses) |
|
|
3,332,234
|
1,808,190
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
12,430,020
|
18,895,546
|
| Repayments and sales of securities |
|
|
(16,691,586)
|
(7,665,887)
|
| Ending balance, of Level 3 Assets |
75,035,567
|
67,484,697
|
75,035,567
|
67,484,697
|
| Change in unrealized appreciation/depreciation included in earnings related to Level 3 investments still held at reporting date |
|
|
1,460,229
|
(701,940)
|
| Level 3 | Caitec |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
434,064
|
55,822
|
| Level 3 | Clearview Social |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains (losses), net |
|
|
|
10,432
|
| Repayments and sales of securities |
|
|
|
(10,432)
|
| Level 3 | DSD |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains (losses), net |
|
|
23,699
|
2,537,765
|
| Total unrealized gains (losses) |
|
|
|
(886,698)
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
31,652
|
| Repayments and sales of securities |
|
|
(23,699)
|
(6,776,699)
|
| Level 3 | FCM |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
34,499
|
3,807,147
|
| Level 3 | Filterworks |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized gains (losses) |
|
|
(396,226)
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
193,885
|
204,489
|
| Level 3 | FSS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized gains (losses) |
|
|
(610,000)
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
107,619
|
2,320,000
|
| Repayments and sales of securities |
|
|
(34,838)
|
(250,047)
|
| Level 3 | GoNoodle |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
10,722
|
10,614
|
| Level 3 | Hilton Displays |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
16,069
|
17,182
|
| Repayments and sales of securities |
|
|
|
(300,000)
|
| Level 3 | Highland |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
93,776
|
4,018,000
|
| Level 3 | INEA |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
33,995
|
4,332,836
|
| Level 3 | ITA |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
771,009
|
547,282
|
| Level 3 | Knoa |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains (losses), net |
|
|
(1,229,155)
|
|
| Total unrealized gains (losses) |
|
|
1,129,155
|
|
| Level 3 | Mattison |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
5,572,902
|
28,300
|
| Repayments and sales of securities |
|
|
(1,894,470)
|
|
| Level 3 | Mezmeriz |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains (losses), net |
|
|
(742,850)
|
|
| Total unrealized gains (losses) |
|
|
742,850
|
|
| Level 3 | MRES |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized gains (losses) |
|
|
(264,545)
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
3,213,545
|
|
| Level 3 | Microcision |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains (losses), net |
|
|
|
58,329
|
| Repayments and sales of securities |
|
|
|
(58,329)
|
| Level 3 | Open Exchange |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized gains (losses) |
|
|
|
(701,940)
|
| Level 3 | Pressure Pro |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized gains (losses) |
|
|
720,000
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
52,129
|
3,068,446
|
| Repayments and sales of securities |
|
|
(1,427,452)
|
|
| Level 3 | Social Flow |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains (losses), net |
|
|
|
(4,941)
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
4,941
|
| Level 3 | Somerset |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains (losses), net |
|
|
|
(448,717)
|
| Total unrealized gains (losses) |
|
|
|
594,097
|
| Repayments and sales of securities |
|
|
|
(270,380)
|
| Level 3 | SciAps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized gains (losses) |
|
|
7,699,879
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
5,000
|
| Repayments and sales of securities |
|
|
(12,913,863)
|
|
| Level 3 | Seybert |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
1,895,806
|
93,720
|
| Level 3 | Swanson |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized gains (losses) |
|
|
250,000
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
100,115
|
| Level 3 | Tilson |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains (losses), net |
|
|
397,264
|
|
| Total unrealized gains (losses) |
|
|
1,761,000
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
250,000
|
| Repayments and sales of securities |
|
|
(397,264)
|
|
| Level 3 | Rheonix |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains (losses), net |
|
|
|
(2,802,731)
|
| Total unrealized gains (losses) |
|
|
|
2,802,731
|
| Level 3 | Loan investments |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Ending balance, of Level 3 Assets |
|
|
12,417,977
|
14,578,351
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
6,777,975
|
763,171
|
| Repayments and sales of securities |
|
|
(1,894,470)
|
(3,171,434)
|
| Ending balance, of Level 3 Assets |
17,301,482
|
12,170,088
|
17,301,482
|
12,170,088
|
| Level 3 | Loan investments | Caitec |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
434,064
|
55,822
|
| Level 3 | Loan investments | DSD |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
31,652
|
| Repayments and sales of securities |
|
|
|
(3,171,434)
|
| Level 3 | Loan investments | ITA |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
771,009
|
547,282
|
| Level 3 | Loan investments | Mattison |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
5,572,902
|
28,300
|
| Repayments and sales of securities |
|
|
(1,894,470)
|
|
| Level 3 | Loan investments | Swanson |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
100,115
|
| Level 3 | Debt investments |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Ending balance, of Level 3 Assets |
|
|
36,861,525
|
19,582,616
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
5,279,881
|
15,835,669
|
| Repayments and sales of securities |
|
|
(3,552,290)
|
(340,047)
|
| Ending balance, of Level 3 Assets |
38,589,116
|
35,078,238
|
38,589,116
|
35,078,238
|
| Level 3 | Debt investments | FCM |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
34,499
|
3,807,147
|
| Level 3 | Debt investments | Filterworks |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
193,885
|
204,489
|
| Level 3 | Debt investments | FSS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
2,320,000
|
| Repayments and sales of securities |
|
|
(34,838)
|
(40,047)
|
| Level 3 | Debt investments | GoNoodle |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
10,722
|
10,614
|
| Level 3 | Debt investments | Hilton Displays |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
16,069
|
17,182
|
| Repayments and sales of securities |
|
|
|
(300,000)
|
| Level 3 | Debt investments | Highland |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
93,776
|
3,018,000
|
| Level 3 | Debt investments | INEA |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
33,995
|
3,321,071
|
| Level 3 | Debt investments | MRES |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
2,949,000
|
|
| Level 3 | Debt investments | Pressure Pro |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
52,129
|
3,038,446
|
| Repayments and sales of securities |
|
|
(1,427,452)
|
|
| Level 3 | Debt investments | SciAps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
5,000
|
| Repayments and sales of securities |
|
|
(2,090,000)
|
|
| Level 3 | Debt investments | Seybert |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
1,895,806
|
93,720
|
| Level 3 | Equity investments |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Ending balance, of Level 3 Assets |
|
|
20,536,560
|
20,935,744
|
| Total realized gains (losses), net |
|
|
6,148,837
|
(649,863)
|
| Total unrealized gains (losses) |
|
|
3,332,234
|
1,808,190
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
372,164
|
2,296,706
|
| Repayments and sales of securities |
|
|
(11,244,826)
|
(4,154,406)
|
| Ending balance, of Level 3 Assets |
$ 19,144,969
|
$ 20,236,371
|
19,144,969
|
20,236,371
|
| Level 3 | Equity investments | Clearview Social |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains (losses), net |
|
|
|
10,432
|
| Repayments and sales of securities |
|
|
|
(10,432)
|
| Level 3 | Equity investments | DSD |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains (losses), net |
|
|
23,699
|
2,537,765
|
| Total unrealized gains (losses) |
|
|
|
(886,698)
|
| Repayments and sales of securities |
|
|
(23,699)
|
(3,605,265)
|
| Level 3 | Equity investments | Filterworks |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized gains (losses) |
|
|
(396,226)
|
|
| Level 3 | Equity investments | FSS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized gains (losses) |
|
|
(610,000)
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
107,619
|
|
| Repayments and sales of securities |
|
|
|
(210,000)
|
| Level 3 | Equity investments | Highland |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
1,000,000
|
| Level 3 | Equity investments | INEA |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
1,011,765
|
| Level 3 | Equity investments | Knoa |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains (losses), net |
|
|
(1,229,155)
|
|
| Total unrealized gains (losses) |
|
|
1,129,155
|
|
| Level 3 | Equity investments | Mezmeriz |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains (losses), net |
|
|
(742,850)
|
|
| Total unrealized gains (losses) |
|
|
742,850
|
|
| Level 3 | Equity investments | MRES |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized gains (losses) |
|
|
(264,545)
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
264,545
|
|
| Level 3 | Equity investments | Microcision |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains (losses), net |
|
|
|
58,329
|
| Repayments and sales of securities |
|
|
|
(58,329)
|
| Level 3 | Equity investments | Open Exchange |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized gains (losses) |
|
|
|
(701,940)
|
| Level 3 | Equity investments | Pressure Pro |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized gains (losses) |
|
|
720,000
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
30,000
|
| Level 3 | Equity investments | Social Flow |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains (losses), net |
|
|
|
(4,941)
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
4,941
|
| Level 3 | Equity investments | Somerset |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains (losses), net |
|
|
|
(448,717)
|
| Total unrealized gains (losses) |
|
|
|
594,097
|
| Repayments and sales of securities |
|
|
|
(270,380)
|
| Level 3 | Equity investments | SciAps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized gains (losses) |
|
|
7,699,879
|
|
| Repayments and sales of securities |
|
|
(10,823,863)
|
|
| Level 3 | Equity investments | Swanson |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized gains (losses) |
|
|
250,000
|
|
| Level 3 | Equity investments | Tilson |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains (losses), net |
|
|
397,264
|
|
| Total unrealized gains (losses) |
|
|
1,761,000
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
250,000
|
| Repayments and sales of securities |
|
|
$ (397,264)
|
|
| Level 3 | Equity investments | Rheonix |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains (losses), net |
|
|
|
(2,802,731)
|
| Total unrealized gains (losses) |
|
|
|
$ 2,802,731
|