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Note 6 - Organization and Offering Costs
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Offering Costs and Formation Transaction Expenses [Text Block]

Note 6. Organization and Offering Costs

 

The Sponsor previously paid approximately $17,617,000 of offering costs and $236,000 of organization costs relating to the Offering, all of which were paid directly by the Sponsor on behalf of the Company. Such amounts include approximately $0 and $38,000 of offering costs incurred by the Sponsor during the years ended December 31, 2023 and 2022, respectively. During the years ended December 31, 2023 and 2022, the Company did not pay any reimbursement of offering costs to the Sponsor. Such offering costs reimbursed by the Company would have been recognized against the proceeds from the issuance of units.

 

Since the commencement of the Company’s operations, the Company has reimbursed the Sponsor a total of approximately $17,355,000 of offering and organization costs as of December 31, 2023.