10-K Filing

CHICAGO ATLANTIC BDC, INC. CIK: 1843162 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001140361-24-015752`
Period End Date	20231231
Filing Date	20240328
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	ef20015268_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 111 Cash Flow Statement 129

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Amortized cost	`InvestmentOwnedAtCost`	$50.53M	USD	Point-in-time
Amortized cost	`InvestmentOwnedAtCost`	$53.47M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	6.21M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	386.00	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	6.21M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	6.21M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	6.21M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	6.21M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.61M	USD	Point-in-time
Interest receivable	`InterestReceivable`	$1.56M	USD	Point-in-time
Interest receivable	`InterestReceivable`	$1.76M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$39.28K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$32.32K	USD	Point-in-time
Other assets	`OtherAssets`	$50.00K	USD	Point-in-time
Other assets	`OtherAssets`	-	USD	Point-in-time
Total assets	`Assets`	$86.97M	USD	Point-in-time
Total assets	`Assets`	$88.58M	USD	Point-in-time
Income-based incentive fees payable	`IncomeBasedIncentiveFeePayable`	$1.51M	USD	Point-in-time
Income-based incentive fees payable	`IncomeBasedIncentiveFeePayable`	-	USD	Point-in-time
Transaction fees payable related to the Loan Portfolio Acquisition	`TransactionFeesPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Transaction fees payable related to the Loan Portfolio Acquisition	`TransactionFeesPayableCurrentAndNoncurrent`	$711.26K	USD	Point-in-time
Transaction fees payable related to the Loan Portfolio Acquisition	`TransactionFeesPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Management fee payable	`ManagementFeePayable`	$257.12K	USD	Point-in-time
Management fee payable	`ManagementFeePayable`	$170.97K	USD	Point-in-time
Audit fees payable	`AuditFeesPayableCurrentAndNoncurrent`	$124.00K	USD	Point-in-time
Audit fees payable	`AuditFeesPayableCurrentAndNoncurrent`	$50.00K	USD	Point-in-time
Director fees payable	`DirectorsFeePayableCurrentAndNoncurrent`	$32.05K	USD	Point-in-time
Director fees payable	`DirectorsFeePayableCurrentAndNoncurrent`	$94.76K	USD	Point-in-time
Capital gains incentive fees payable	`CapitalGainsIncentiveFeePayable`	-	USD	Point-in-time
Capital gains incentive fees payable	`CapitalGainsIncentiveFeePayable`	$87.58K	USD	Point-in-time
Administrator fees payable	`AdministratorFeesPayableCurrentAndNoncurrent`	$57.31K	USD	Point-in-time
Administrator fees payable	`AdministratorFeesPayableCurrentAndNoncurrent`	$86.46K	USD	Point-in-time
Legal fees payable	`LegalFeesPayableCurrentAndNoncurrent`	$42.22K	USD	Point-in-time
Legal fees payable	`LegalFeesPayableCurrentAndNoncurrent`	$84.82K	USD	Point-in-time
Valuation fees payable	`AccountsPayableTradeCurrentAndNoncurrent`	$24.68K	USD	Point-in-time
Valuation fees payable	`AccountsPayableTradeCurrentAndNoncurrent`	-	USD	Point-in-time
Professional fees payable	`AccruedProfessionalFeesCurrentAndNoncurrent`	$28.74K	USD	Point-in-time
Professional fees payable	`AccruedProfessionalFeesCurrentAndNoncurrent`	$17.23K	USD	Point-in-time
Excise tax payable	`SalesAndExciseTaxPayableCurrentAndNoncurrent`	$10.65K	USD	Point-in-time
Excise tax payable	`SalesAndExciseTaxPayableCurrentAndNoncurrent`	$80.57K	USD	Point-in-time
Distributions payable	`LiquidatingDistributionsPayable`	-	USD	Point-in-time
Distributions payable	`LiquidatingDistributionsPayable`	$2.00	USD	Point-in-time
Total liabilities	`Liabilities`	$3.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$495.55K	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, $0.01 par value, 100,000,000 shares authorized, 6,214,672 and 6,214,672 shares issued and outstanding, respectively	`CommonStockValue`	$62.15K	USD	Point-in-time
Common Stock, $0.01 par value, 100,000,000 shares authorized, 6,214,672 and 6,214,672 shares issued and outstanding, respectively	`CommonStockValue`	$62.15K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$84.92M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$85.04M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$5.40K	USD	Point-in-time
Distributable earnings	`RetainedEarningsAccumulatedDeficit`	$1.50M	USD	Point-in-time
Distributable earnings	`RetainedEarningsAccumulatedDeficit`	$449.27K	USD	Point-in-time
Total net assets	`StockholdersEquity`	$84.55M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$85.55M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$86.48M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$-159.72K	USD	Point-in-time
NET ASSET VALUE PER SHARE (in dollars per share)	`NetAssetValuePerShare`	$13.91	USD	Point-in-time
NET ASSET VALUE PER SHARE (in dollars per share)	`NetAssetValuePerShare`	$13.61	USD	Point-in-time
NET ASSET VALUE PER SHARE (in dollars per share)	`NetAssetValuePerShare`	$14.00	USD	Point-in-time
NET ASSET VALUE PER SHARE (in dollars per share)	`NetAssetValuePerShare`	$13.77	USD	Point-in-time

Income Statement 111 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InterestIncomeOperating`	$3.63M	USD	3 Qtrs
Interest income	`InterestIncomeOperating`	-	USD	3 Qtrs
Fee income	`FeeIncome`	$410.00K	USD	3 Qtrs
Fee income	`FeeIncome`	-	USD	3 Qtrs
Fee income	`FeeIncome`	-	USD	Annual
Fee income	`FeeIncome`	$196.25K	USD	Annual
Total investment income	`GrossInvestmentIncomeOperating`	-	USD	3 Qtrs
Total investment income	`GrossInvestmentIncomeOperating`	$4.04M	USD	3 Qtrs
Income-based incentive fees	`IncomeBasedIncentiveFeeExpense`	-	USD	Annual
Income-based incentive fees	`IncomeBasedIncentiveFeeExpense`	-	USD	3 Qtrs
Income-based incentive fees	`IncomeBasedIncentiveFeeExpense`	$1.51M	USD	Annual
Management fee	`ManagementFeeExpense`	-	USD	3 Qtrs
Management fee	`ManagementFeeExpense`	$336.43K	USD	3 Qtrs
Management fee	`ManagementFeeExpense`	-	USD	Annual
Management fee	`ManagementFeeExpense`	$1.01M	USD	Annual
Transaction expenses	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	3 Qtrs
Transaction expenses	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	Annual
Transaction expenses	`BusinessCombinationAcquisitionRelatedCosts`	$711.26K	USD	Annual
Audit expense	`AuditFeeExpense`	$499.70K	USD	Annual
Audit expense	`AuditFeeExpense`	$30.00K	USD	3 Qtrs
Audit expense	`AuditFeeExpense`	$40.00K	USD	Annual
Audit expense	`AuditFeeExpense`	$210.28K	USD	3 Qtrs
Legal expenses	`LegalFees`	$484.41K	USD	3 Qtrs
Legal expenses	`LegalFees`	$343.82K	USD	Annual
Legal expenses	`LegalFees`	$34.07K	USD	Annual
Legal expenses	`LegalFees`	-	USD	3 Qtrs
Administrator fees	`AdministrativeFeesExpense`	-	USD	3 Qtrs
Administrator fees	`AdministrativeFeesExpense`	$47.15K	USD	Annual
Administrator fees	`AdministrativeFeesExpense`	$335.25K	USD	Annual
Administrator fees	`AdministrativeFeesExpense`	$171.49K	USD	3 Qtrs
Insurance expense	`GeneralInsuranceExpense`	$228.29K	USD	3 Qtrs
Insurance expense	`GeneralInsuranceExpense`	-	USD	3 Qtrs
Insurance expense	`GeneralInsuranceExpense`	$46.49K	USD	Annual
Insurance expense	`GeneralInsuranceExpense`	$269.72K	USD	Annual
Director expenses	`NoninterestExpenseDirectorsFees`	-	USD	Annual
Director expenses	`NoninterestExpenseDirectorsFees`	$200.96K	USD	Annual
Director expenses	`NoninterestExpenseDirectorsFees`	-	USD	3 Qtrs
Director expenses	`NoninterestExpenseDirectorsFees`	$99.84K	USD	3 Qtrs
Valuation fees	`ValuationFeesExpense`	-	USD	Annual
Valuation fees	`ValuationFeesExpense`	$115.98K	USD	Annual
Valuation fees	`ValuationFeesExpense`	-	USD	3 Qtrs
Capital gains incentive fees	`CapitalGainsIncentiveFeeExpense`	$87.58K	USD	Annual
Capital gains incentive fees	`CapitalGainsIncentiveFeeExpense`	-	USD	Annual
Capital gains incentive fees	`CapitalGainsIncentiveFeeExpense`	-	USD	3 Qtrs
Other expenses	`OtherCostAndExpenseOperating`	-	USD	3 Qtrs
Other expenses	`OtherCostAndExpenseOperating`	$122.07K	USD	3 Qtrs
Other expenses	`OtherCostAndExpenseOperating`	$6.81K	USD	Annual
Other expenses	`OtherCostAndExpenseOperating`	$85.95K	USD	Annual
Professional fees	`ProfessionalFees`	$34.92K	USD	Annual
Professional fees	`ProfessionalFees`	$70.26K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$70.15K	USD	Annual
Professional fees	`ProfessionalFees`	-	USD	3 Qtrs
Custodian fees	`CustodyFees`	$36.15K	USD	3 Qtrs
Custodian fees	`CustodyFees`	$48.00K	USD	Annual
Custodian fees	`CustodyFees`	$36.00K	USD	Annual
Custodian fees	`CustodyFees`	$24.00K	USD	3 Qtrs
Excise tax expense	`ExciseAndSalesTaxes`	-	USD	3 Qtrs
Excise tax expense	`ExciseAndSalesTaxes`	$80.57K	USD	3 Qtrs
Excise tax expense	`ExciseAndSalesTaxes`	-	USD	Annual
Excise tax expense	`ExciseAndSalesTaxes`	$10.65K	USD	Annual
Organizational expenses	`GeneralAndAdministrativeExpense`	-	USD	3 Qtrs
Organizational expenses	`GeneralAndAdministrativeExpense`	-	USD	Annual
Organizational expenses	`GeneralAndAdministrativeExpense`	$328.00K	USD	Annual
Organizational expenses	`GeneralAndAdministrativeExpense`	$293.83K	USD	3 Qtrs
Total expenses	`InvestmentIncomeInvestmentExpense`	$573.44K	USD	Annual
Total expenses	`InvestmentIncomeInvestmentExpense`	$1.84M	USD	3 Qtrs
Total expenses	`InvestmentIncomeInvestmentExpense`	$347.83K	USD	3 Qtrs
Total expenses	`InvestmentIncomeInvestmentExpense`	$5.30M	USD	Annual
NET INVESTMENT INCOME (LOSS)	`NetInvestmentIncome`	$-347.83K	USD	3 Qtrs
NET INVESTMENT INCOME (LOSS)	`NetInvestmentIncome`	$2.20M	USD	3 Qtrs
NET INVESTMENT INCOME (LOSS)	`NetInvestmentIncome`	$-563.37K	USD	Annual
NET INVESTMENT INCOME (LOSS)	`NetInvestmentIncome`	$6.63M	USD	Annual
Net realized gain (loss) from investments	`RealizedGainLossInvestmentAndDerivativeOperatingAfterTax`	-	USD	Annual
Net realized gain (loss) from investments	`RealizedGainLossInvestmentAndDerivativeOperatingAfterTax`	-	USD	3 Qtrs
Net realized gain (loss) from investments	`RealizedGainLossInvestmentAndDerivativeOperatingAfterTax`	$-210.77K	USD	Annual
Net realized gain (loss) from investments	`RealizedGainLossInvestmentAndDerivativeOperatingAfterTax`	-	USD	3 Qtrs
Net change in unrealized appreciation (depreciation) from investments	`UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax`	-	USD	3 Qtrs
Net change in unrealized appreciation (depreciation) from investments	`UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax`	$-273.35K	USD	3 Qtrs
Net change in unrealized appreciation (depreciation) from investments	`UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax`	$922.03K	USD	Annual
Net change in unrealized appreciation (depreciation) from investments	`UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax`	-	USD	Annual
Net realized and unrealized gains (losses)	`NetRealizedAndUnrealizedGainsLosses`	$-273.35K	USD	3 Qtrs
Net realized and unrealized gains (losses)	`NetRealizedAndUnrealizedGainsLosses`	-	USD	Annual
Net realized and unrealized gains (losses)	`NetRealizedAndUnrealizedGainsLosses`	$711.26K	USD	Annual
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	`IncomeLossFromContinuingOperations`	$1.92M	USD	3 Qtrs
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	`IncomeLossFromContinuingOperations`	$-563.37K	USD	Annual
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	`IncomeLossFromContinuingOperations`	$-347.83K	USD	3 Qtrs
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	`IncomeLossFromContinuingOperations`	$7.34M	USD	Annual
NET INVESTMENT INCOME (LOSS) PER SHARE - BASIC (in dollars per share)	`NetInvestmentIncomeLossPerShareBasic`	$-0.64	USD	Annual
NET INVESTMENT INCOME (LOSS) PER SHARE - BASIC (in dollars per share)	`NetInvestmentIncomeLossPerShareBasic`	$1.07	USD	Annual
NET INVESTMENT INCOME (LOSS) PER SHARE - BASIC (in dollars per share)	`NetInvestmentIncomeLossPerShareBasic`	$0.35	USD	3 Qtrs
NET INVESTMENT INCOME (LOSS) PER SHARE - BASIC (in dollars per share)	`NetInvestmentIncomeLossPerShareBasic`	$-1.25K	USD	3 Qtrs
NET INVESTMENT INCOME (LOSS) PER SHARE - DILUTED (in dollars per share)	`NetInvestmentIncomeLossPerShareDiluted`	$0.35	USD	3 Qtrs
NET INVESTMENT INCOME (LOSS) PER SHARE - DILUTED (in dollars per share)	`NetInvestmentIncomeLossPerShareDiluted`	$1.07	USD	Annual
NET INVESTMENT INCOME (LOSS) PER SHARE - DILUTED (in dollars per share)	`NetInvestmentIncomeLossPerShareDiluted`	$-0.64	USD	Annual
NET INVESTMENT INCOME (LOSS) PER SHARE - DILUTED (in dollars per share)	`NetInvestmentIncomeLossPerShareDiluted`	$-1.25K	USD	3 Qtrs
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - BASIC (in dollars per share)	`EarningsPerShareBasic`	$-1.25K	USD	3 Qtrs
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - BASIC (in dollars per share)	`EarningsPerShareBasic`	$1.18	USD	Annual
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - BASIC (in dollars per share)	`EarningsPerShareBasic`	$0.31	USD	3 Qtrs
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - BASIC (in dollars per share)	`EarningsPerShareBasic`	$-0.64	USD	Annual
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - DILUTED (in dollars per share)	`EarningsPerShareDiluted`	$-1.25K	USD	3 Qtrs
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - DILUTED (in dollars per share)	`EarningsPerShareDiluted`	$1.18	USD	Annual
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - DILUTED (in dollars per share)	`EarningsPerShareDiluted`	$0.31	USD	3 Qtrs
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - DILUTED (in dollars per share)	`EarningsPerShareDiluted`	$-0.64	USD	Annual
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.21M	shares	3 Qtrs
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	279.00	shares	3 Qtrs
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.21M	shares	Annual
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	877,409.00	shares	Annual
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.21M	shares	3 Qtrs
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	877,409.00	shares	Annual
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.21M	shares	Annual
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	279.00	shares	3 Qtrs

Cash Flow Statement 129 line items

Line Item	Tag	Value	Unit	Period
Net increase (decrease) in net assets resulting from operations	`IncomeLossFromContinuingOperations`	$1.92M	USD	3 Qtrs
Net increase (decrease) in net assets resulting from operations	`IncomeLossFromContinuingOperations`	$-563.37K	USD	Annual
Net increase (decrease) in net assets resulting from operations	`IncomeLossFromContinuingOperations`	$-347.83K	USD	3 Qtrs
Net increase (decrease) in net assets resulting from operations	`IncomeLossFromContinuingOperations`	$7.34M	USD	Annual
Net realized (gain) loss from investments	`RealizedGainLossInvestmentAndDerivativeOperatingAfterTax`	-	USD	Annual
Net realized (gain) loss from investments	`RealizedGainLossInvestmentAndDerivativeOperatingAfterTax`	-	USD	3 Qtrs
Net realized (gain) loss from investments	`RealizedGainLossInvestmentAndDerivativeOperatingAfterTax`	$-210.77K	USD	Annual
Net realized (gain) loss from investments	`RealizedGainLossInvestmentAndDerivativeOperatingAfterTax`	-	USD	3 Qtrs
Net change in unrealized (appreciation) depreciation from investments	`UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax`	-	USD	3 Qtrs
Net change in unrealized (appreciation) depreciation from investments	`UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax`	$-273.35K	USD	3 Qtrs
Net change in unrealized (appreciation) depreciation from investments	`UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax`	$922.03K	USD	Annual
Net change in unrealized (appreciation) depreciation from investments	`UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax`	-	USD	Annual
Net (accretion of discounts) and amortization of premiums	`DepreciationAmortizationAndAccretionNet`	$-165.40K	USD	3 Qtrs
Net (accretion of discounts) and amortization of premiums	`DepreciationAmortizationAndAccretionNet`	$-810.55K	USD	Annual
Net (accretion of discounts) and amortization of premiums	`DepreciationAmortizationAndAccretionNet`	-	USD	3 Qtrs
Net (accretion of discounts) and amortization of premiums	`DepreciationAmortizationAndAccretionNet`	-	USD	Annual
Purchase of investments	`PaymentsForPurchaseOfSecuritiesOperatingActivities`	-	USD	3 Qtrs
Purchase of investments	`PaymentsForPurchaseOfSecuritiesOperatingActivities`	$50.36M	USD	3 Qtrs
Purchase of investments	`PaymentsForPurchaseOfSecuritiesOperatingActivities`	-	USD	Annual
Purchase of investments	`PaymentsForPurchaseOfSecuritiesOperatingActivities`	$8.44M	USD	Annual
PIK interest capitalized	`CapitalizedPaidInKindInterest`	$-115.72K	USD	Annual
PIK interest capitalized	`CapitalizedPaidInKindInterest`	-	USD	Annual
PIK interest capitalized	`CapitalizedPaidInKindInterest`	-	USD	3 Qtrs
Proceeds from sales of investments and principal repayments	`ProceedsFromSaleOfInvestmentsAndPrincipalRepayments`	-	USD	Annual
Proceeds from sales of investments and principal repayments	`ProceedsFromSaleOfInvestmentsAndPrincipalRepayments`	$6.21M	USD	Annual
Proceeds from sales of investments and principal repayments	`ProceedsFromSaleOfInvestmentsAndPrincipalRepayments`	-	USD	3 Qtrs
Interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$1.55M	USD	3 Qtrs
Interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$9.21K	USD	Annual
Interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	3 Qtrs
Interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$196.28K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$50.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$256.51K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-224.19K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$6.95K	USD	Annual
Deferred offering costs	`IncreaseDecreaseInDeferredCharges`	$-276.26K	USD	Annual
Deferred offering costs	`IncreaseDecreaseInDeferredCharges`	$1.12M	USD	3 Qtrs
Deferred offering costs	`IncreaseDecreaseInDeferredCharges`	-	USD	3 Qtrs
Deferred offering costs	`IncreaseDecreaseInDeferredCharges`	-	USD	Annual
Income-based incentive fees payable	`IncreaseDecreaseInIncomeBasedIncentiveFeePayable`	$1.51M	USD	Annual
Income-based incentive fees payable	`IncreaseDecreaseInIncomeBasedIncentiveFeePayable`	-	USD	3 Qtrs
Income-based incentive fees payable	`IncreaseDecreaseInIncomeBasedIncentiveFeePayable`	-	USD	Annual
Management fee payable	`IncreaseDecreaseInManagementFeePayables`	$170.97K	USD	3 Qtrs
Management fee payable	`IncreaseDecreaseInManagementFeePayables`	-	USD	3 Qtrs
Management fee payable	`IncreaseDecreaseInManagementFeePayables`	-	USD	Annual
Management fee payable	`IncreaseDecreaseInManagementFeePayables`	$86.16K	USD	Annual
Capital gains incentive fees payable	`IncreaseDecreaseInCapitalGainsIncentiveFeePayable`	-	USD	3 Qtrs
Capital gains incentive fees payable	`IncreaseDecreaseInCapitalGainsIncentiveFeePayable`	-	USD	Annual
Capital gains incentive fees payable	`IncreaseDecreaseInCapitalGainsIncentiveFeePayable`	$87.58K	USD	Annual
Legal fees payable	`IncreaseDecreaseInLegalFeesPayable`	$42.61K	USD	Annual
Legal fees payable	`IncreaseDecreaseInLegalFeesPayable`	$33.98K	USD	Annual
Legal fees payable	`IncreaseDecreaseInLegalFeesPayable`	$8.23K	USD	3 Qtrs
Legal fees payable	`IncreaseDecreaseInLegalFeesPayable`	-	USD	3 Qtrs
Transaction fees payable related to the Loan Portfolio Acquisition	`IncreaseDecreaseInTransactionFeesPayable`	$711.26K	USD	Annual
Transaction fees payable related to the Loan Portfolio Acquisition	`IncreaseDecreaseInTransactionFeesPayable`	-	USD	Annual
Transaction fees payable related to the Loan Portfolio Acquisition	`IncreaseDecreaseInTransactionFeesPayable`	-	USD	3 Qtrs
Valuation fees payables	`IncreaseDecreaseInValuationFeesPayables`	-	USD	Annual
Valuation fees payables	`IncreaseDecreaseInValuationFeesPayables`	-	USD	3 Qtrs
Valuation fees payables	`IncreaseDecreaseInValuationFeesPayables`	$24.68K	USD	Annual
Administrator fees payable	`IncreaseDecreaseInAdministratorFeesPayable`	$47.15K	USD	Annual
Administrator fees payable	`IncreaseDecreaseInAdministratorFeesPayable`	-	USD	3 Qtrs
Administrator fees payable	`IncreaseDecreaseInAdministratorFeesPayable`	$29.16K	USD	Annual
Administrator fees payable	`IncreaseDecreaseInAdministratorFeesPayable`	$10.15K	USD	3 Qtrs
Audit fees payable	`IncreaseDecreaseInAuditFeesPayable`	$40.00K	USD	Annual
Audit fees payable	`IncreaseDecreaseInAuditFeesPayable`	$30.00K	USD	3 Qtrs
Audit fees payable	`IncreaseDecreaseInAuditFeesPayable`	$74.00K	USD	Annual
Audit fees payable	`IncreaseDecreaseInAuditFeesPayable`	-	USD	3 Qtrs
Director fees payable	`IncreaseDecreaseInDirectorSFeePayable`	$24.37K	USD	Annual
Director fees payable	`IncreaseDecreaseInDirectorSFeePayable`	$62.71K	USD	Annual
Director fees payable	`IncreaseDecreaseInDirectorSFeePayable`	-	USD	3 Qtrs
Director fees payable	`IncreaseDecreaseInDirectorSFeePayable`	$7.68K	USD	3 Qtrs
Professional fees payable	`IncreaseDecreaseInProfessionalFeesPayable`	-	USD	Annual
Professional fees payable	`IncreaseDecreaseInProfessionalFeesPayable`	$28.74K	USD	3 Qtrs
Professional fees payable	`IncreaseDecreaseInProfessionalFeesPayable`	$-11.51K	USD	Annual
Professional fees payable	`IncreaseDecreaseInProfessionalFeesPayable`	-	USD	3 Qtrs
Other payables	`IncreaseDecreaseInOtherAccountsPayable`	$-19.84K	USD	Annual
Other payables	`IncreaseDecreaseInOtherAccountsPayable`	$24.00K	USD	3 Qtrs
Other payables	`IncreaseDecreaseInOtherAccountsPayable`	$8.30K	USD	3 Qtrs
Other payables	`IncreaseDecreaseInOtherAccountsPayable`	$25.36K	USD	Annual
Due to affiliate	`IncreaseDecreaseInDueToAffiliates`	$-37.00	USD	Annual
Due to affiliate	`IncreaseDecreaseInDueToAffiliates`	$-48.00	USD	3 Qtrs
Due to affiliate	`IncreaseDecreaseInDueToAffiliates`	$85.00	USD	Annual
Due to affiliate	`IncreaseDecreaseInDueToAffiliates`	$384.08K	USD	3 Qtrs
Excise tax payable	`IncreaseDecreaseInExciseTaxPayable`	-	USD	3 Qtrs
Excise tax payable	`IncreaseDecreaseInExciseTaxPayable`	-	USD	Annual
Excise tax payable	`IncreaseDecreaseInExciseTaxPayable`	$-69.91K	USD	Annual
Excise tax payable	`IncreaseDecreaseInExciseTaxPayable`	$80.57K	USD	3 Qtrs
Offering cost payable	`IncreaseDecreaseInOfferingCostPayable`	-	USD	Annual
Offering cost payable	`IncreaseDecreaseInOfferingCostPayable`	$748.00K	USD	3 Qtrs
Offering cost payable	`IncreaseDecreaseInOfferingCostPayable`	$-264.58K	USD	3 Qtrs
Offering cost payable	`IncreaseDecreaseInOfferingCostPayable`	$-11.68K	USD	Annual
Organizational costs payable	`IncreaseDecreaseInOrganizationalCostsPayable`	-	USD	Annual
Organizational costs payable	`IncreaseDecreaseInOrganizationalCostsPayable`	$-115.55K	USD	Annual
Organizational costs payable	`IncreaseDecreaseInOrganizationalCostsPayable`	$-34.17K	USD	3 Qtrs
Organizational costs payable	`IncreaseDecreaseInOrganizationalCostsPayable`	$280.56K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-509.11K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-49.64M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.75M	USD	Annual
Issuance of common stock, net of offering cost	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Issuance of common stock, net of offering cost	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Issuance of common stock, net of offering cost	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Issuance of common stock, net of offering cost	`ProceedsFromIssuanceOfCommonStock`	$85.28M	USD	Annual
Distributions paid	`PaymentsOfDividendsCommonStock`	-	USD	3 Qtrs
Distributions paid	`PaymentsOfDividendsCommonStock`	-	USD	Annual
Distributions paid	`PaymentsOfDividendsCommonStock`	$8.26M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$85.28M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.26M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-49.64M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	-	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-2.51M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$84.77M	USD	Annual
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.61M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.13M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$84.77M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.61M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.13M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$84.77M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Reinvestment of dividend distributions	`ReinvestmentOfStockholderDistributions`	-	USD	Annual
Reinvestment of dividend distributions	`ReinvestmentOfStockholderDistributions`	$2.32K	USD	Annual
Reinvestment of dividend distributions	`ReinvestmentOfStockholderDistributions`	-	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.