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Earnings (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Computation Basic and Diluted Net Increase (Decrease) in Net Assets from Operations Per Share

The following information sets forth the computation of basic and diluted net increase (decrease) in net assets from operations per share (earnings (loss) per share) for the years ended December 31, 2023, 2022 and 2021.

 

 

 

 

Year Ended

 

 

 

 

December 31, 2023

 

 

December 31, 2022

 

 

December 31, 2021

 

Earnings (loss) per share – basic:

 

 

 

 

 

 

 

 

 

 

Net increase (decrease) in net assets resulting from operations

 

 

$

26,236,270

 

 

$

3,486,976

 

 

$

66,488,228

 

Weighted average shares outstanding – basic

 

 

 

72,571,907

 

 

 

73,314,124

 

 

 

74,153,145

 

Earnings (loss) per share – basic

 

 

$

0.36

 

 

$

0.05

 

 

$

0.90

 

Earnings (loss) per share – diluted:

 

 

 

 

 

 

 

 

 

 

Net increase (decrease) in net assets resulting from operations, before adjustments

 

 

$

26,236,270

 

 

$

3,486,976

 

 

$

66,488,228

 

Adjustments for interest on unsecured convertible senior notes(1)

 

 

 

 

 

 

 

 

 

9,064,793

 

Net increase (decrease) in net assets resulting from operations, as adjusted

 

 

$

26,236,270

 

 

$

3,486,976

 

 

$

75,553,021

 

Weighted average shares outstanding – diluted(1)

 

 

 

72,571,907

 

 

 

73,314,124

 

 

 

91,146,882

 

Earnings (loss) per share – diluted

 

 

$

0.36

 

 

$

0.05

 

 

$

0.83

 

 

(1)
The Company’s 2022 Convertible Notes were repaid on their June 15, 2022 maturity (see Note 4). No adjustments for interest or incremental shares were included for the year ended December 31, 2022 because the effect would be antidilutive.