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RELATED PARTY TRANSACTIONS (Tables)
3 Months Ended
Mar. 31, 2023
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table summarizes the related party costs incurred by the Company for the three months ended March 31, 2023 and 2022:
Three months ended
March 31,
20232022
Affiliate Costs
Management fees$1,347,685 $1,255,867 
Less: outside fees earned(478,645)(387,493)
Base management fees869,040 868,374 
Incentive fees earned2,835,179 2,978,839 
General and administrative expenses reimbursable to Manager1,086,027 906,717 
Total$4,790,246 $4,753,930