Statement of Cash Flows - USD ($)	6 Months Ended
Statement of Cash Flows - USD ($)	Jun. 30, 2025	Jun. 30, 2024
Cash flows from operating activities
Net increase (decrease) in net assets resulting from operations	$ 16,198,622	$ 1,812,672
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Net change in unrealized (appreciation) depreciation from investments	(885,594)	(366,848)
Net (accretion of discounts) and amortization of premiums	(1,216,102)	(349,179)
Purchase of investments	(59,050,605)	(1,575,000)
PIK interest capitalized	(1,045,967)	(113,137)
Proceeds from sales of investments and principal repayments	29,940,662	3,126,000
Amortization of deferred financing costs	248,779	0
(Increase) Decrease in operating assets:
Interest receivable	1,101,836	116,373
Receivable for investment sold	4,122,500	(21,000)
Due from affiliates	(4,156,696)	0
Prepaid expenses and other assets	(218,528)	(163,582)
Increase (Decrease) in operating liabilities:
Income-based incentive fees payable	(30,305)	328,503
Management fee payable	586,969	(10,797)
Capital gains incentive fees payable	177,119	73,370
Professional fees payable	170,191	(123,217)
Transaction fees payable related to the Loan Portfolio Acquisition	(2,945,125)	1,795,520
Other payables	108,783	2,806
Due to affiliates	(180,823)	493
Excise tax payable	(88,709)	(10,655)
Unearned interest income	88,384	62,189
Payable for investments purchased	11,760,000	0
Net cash provided by (used in) operating activities	(5,314,609)	4,584,511
Cash flows from financing activities
Offering costs paid	(998,316)	(85,076)
Distributions paid	(7,758,698)	(3,107,219)
Financing costs paid	(1,031,429)	0
Proceeds from borrowings on revolving line of credit	5,000,000	0
Net cash provided by (used in) financing activities	(4,788,443)	(3,192,295)
Net increase (decrease) in cash and cash equivalents	(10,103,052)	1,392,216
Cash and cash equivalents, beginning of period	23,932,406	32,611,635
Cash and cash equivalents, end of period	13,829,354	34,003,851
Supplemental disclosure of non-cash operating, financing and investing activity
Reinvestment of dividend distribution	233	257
Accrual for deferred financing costs (Note 2)	830,531	0
Excise taxes paid	$ 115,357	$ 0

Chicago Atlantic BDC, Inc. 10-Q