XML 20 R8.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations (Predecessor Basis) - USD ($)
6 Months Ended 12 Months Ended
Dec. 31, 2020
Jun. 30, 2020
Jun. 30, 2019
Investment income      
Total investment income $ 1,881,544 $ 8,729,941 $ 11,879,290
Operating expenses      
Base management fee (note 6) 1,335,376 2,549,076 2,206,227
Portfolio structuring fee (note 6) 6,679 588,203 707,589
Subordinated incentive fee (reversal) (note 6)   0 1,789,870
Administrative cost reimbursements (note 6) 310,400 680,000 570,667
Transfer agent cost reimbursements (note 6) 61,600 80,000 23,333
Amortization of deferred offering costs 342,015 880,138 556,165
Professional fees 235,132 263,868 145,112
Directors' fees 36,000 68,000 64,500
Printing and mailing 70,528 86,507 58,774
Other general and administrative 31,665 65,292 126,295
Total operating expenses 2,429,395 5,261,084 6,248,532
Net investment income before taxes (547,851) 3,468,857 5,630,758
Income tax provision (benefit) - (note 2) 0 0 (13,348)
Net investment income (loss) (547,851) 3,468,857 5,644,106
Realized and unrealized gain (loss) on investments      
Net realized gain (loss) 1,016,326 1,799,988 1,204,050
Net unrealized gain (loss) (10,135,612) (16,994,397) (3,962,649)
Total net realized and unrealized gain (loss) on investments (9,119,286) (15,194,409) (2,758,599)
Net increase (decrease) in net assets resulting from operations $ (9,667,137) $ (11,725,552) $ 2,885,507
Net increase (decrease) in net assets resulting from operations per share (in dollars per share) $ (0.74) $ (0.96) $ 0.29
Weighted average common shares outstanding (in shares) 13,020,208 12,198,040 9,951,816
Non-Controlled/Non-Affiliated Investments [Member]      
Investment income      
Dividend and operational/sales distributions $ 1,079,159 $ 5,012,907 $ 8,995,648
Interest and other income 899 353,636 374,121
Realized and unrealized gain (loss) on investments      
Net realized gain (loss) 1,022,383 1,216,657 1,197,788
Net unrealized gain (loss) (2,005,301) (12,656,209) (5,474,933)
Affiliated Investments [Member]      
Investment income      
Dividend and operational/sales distributions 208,663 1,011,245 1,549,329
Realized and unrealized gain (loss) on investments      
Net realized gain (loss) (6,057) 583,331 0
Net unrealized gain (loss) (40,100) (1,534,938) 621,817
Controlled Investments [Member]      
Investment income      
Dividend and operational/sales distributions 592,823 2,352,153 960,192
Realized and unrealized gain (loss) on investments      
Net realized gain (loss)   0 6,262
Net unrealized gain (loss) $ (8,090,211) $ (2,803,250) $ 890,467