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Consolidated Statements of Operations (Unaudited) - USD ($)
12 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Feb. 28, 2021
Interest income:      
Non-control/Non-affiliate investments $ 72,677,237 $ 46,369,544 $ 41,621,899
Affiliate investments 4,773,527 3,308,471 1,656,263
Control investments 6,602,594 7,345,691 5,848,980
Payment-in-kind interest income:      
Non-control/Non-affiliate investments 359,910 1,150,695 2,251,499
Affiliate investments 416,711 172,626
Control investments 386,889 327,171 162,658
Total interest from investments 85,216,868 58,501,572 51,713,925
Interest from cash and cash equivalents 1,368,489 3,584 14,609
Management fee income 3,269,820 3,262,591 2,507,626
Dividend Income 2,720,272 1,925,791 158,045
Structuring and advisory fee income 3,585,061 4,307,647 2,157,405
Other income 2,943,610 2,739,372 1,098,646
Total investment income 99,104,120 70,740,557 57,650,256
OPERATING EXPENSES      
Interest and debt financing expenses 33,498,489 19,880,693 13,587,201
Base management fees 16,423,960 11,901,729 9,098,495
Incentive management fees expense (benefit) 5,057,117 11,794,208 4,903,499
Professional fees 1,812,259 1,378,134 1,705,942
Administrator expenses 3,160,417 2,906,250 2,545,833
Insurance 347,483 348,671 285,529
Directors fees and expenses 360,000 335,596 290,000
General and administrative 2,328,672 1,661,932 1,428,293
Income tax expense (benefit) (152,956) (39,649) 667
Excise tax expense (credit) 1,067,532 630,183 691,672
Total operating expenses 63,902,973 50,797,747 34,537,131
NET INVESTMENT INCOME 35,201,147 19,942,810 23,113,125
Net realized gain (loss) from investments:      
Non-control/Non-affiliate investments 7,446,596 6,209,737 22,207
Affiliate investments 7,328,457 (8,726,013)
Control investments (139,867)
Net realized gain (loss) from investments 7,446,596 13,398,327 (8,703,806)
Income tax (provision) benefit from realized gain on investments 548,568 (2,886,444) (3,895,354)
Net change in unrealized appreciation (depreciation) on investments:      
Non-control/Non-affiliate investments (5,330,880) 14,775,190 (3,817,921)
Affiliate investments 574,354 (26,836) 7,549,096
Control investments (10,461,606) 2,271,639 1,235,147
Net change in unrealized appreciation (depreciation) on investments (15,218,132) 17,019,993 4,966,322
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments (1,715,333) 694,908 (574,634)
Net realized and unrealized gain (loss) on investments (8,938,301) 28,226,784 (8,207,472)
Realized losses on extinguishment of debt (1,587,083) (2,434,410) (128,617)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ 24,675,763 $ 45,735,184 $ 14,777,036
WEIGHTED AVERAGE - BASIC EARNINGS (LOSS) PER COMMON SHARE (in Dollars per share) $ 2.06 $ 3.99 $ 1.32
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in Shares) 11,963,533 11,456,631 11,188,629