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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
INVESTMENT INCOME        
Interest income $ 25,662,895 $ 15,658,018 $ 49,071,499 $ 30,774,969
Other income 922,122 451,027 1,588,865 828,480
Total Investment Income 26,585,017 16,109,045 50,660,364 31,603,449
OPERATING EXPENSES        
Management fees 3,865,588 3,705,053 7,600,690 7,197,766
Valuation fees 46,422 30,029 193,495 169,617
Administrative services expenses 466,378 466,903 928,342 941,221
Income incentive fees 2,603,004   4,727,839  
Capital gains incentive fee reversal   (983,575) (569,528) (1,025,792)
Professional fees 169,836 217,404 600,684 529,466
Directors' fees 93,250 74,500 210,500 171,000
Insurance expense 121,885 125,890 242,431 250,397
Interest expense and other fees 8,101,975 5,524,378 15,988,399 10,415,975
Income tax expense 371,786 426,236 746,549 705,653
Other general and administrative expenses 331,649 347,656 510,099 559,392
Total Operating Expenses 16,171,773 9,934,474 31,179,500 19,914,695
Net Investment Income 10,413,244 6,174,571 19,480,864 11,688,754
Net realized (loss) gain on non-controlled, non-affiliated investments (310,588) (352,723) (275,621) 3,105,367
Net realized loss on foreign currency translation (10,704)   (50,616) (7,350)
Net change in unrealized depreciation on non-controlled, non-affiliated investments (6,295,233) (4,289,591) (10,544,875) (8,011,193)
Net change in unrealized depreciation on foreign currency translation (20,323) (35,754) (18,449) (35,754)
Provision for taxes on net unrealized appreciation on investments (65,353) (160,656) (144,113) (181,813)
Net Increase in Net Assets Resulting from Operations $ 3,711,043 $ 1,335,847 $ 8,447,190 $ 6,558,011
Net Investment Income Per Share - basic $ 0.49 $ 0.32 $ 0.95 $ 0.60
Net Investment Income Per Share - diluted 0.49 0.32 0.95 0.60
Net Increase in Net Assets Resulting from Operations Per Share Basic (in dollars per share) 0.17 0.07 0.41 0.34
Net Increase in Net Assets Resulting from Operations Per Share Diluted (in dollars per share) $ 0.17 $ 0.07 $ 0.41 $ 0.34
Weighted Average Shares of Common Stock Outstanding Basic 21,231,979 19,543,117 20,509,995 19,530,509
Weighted Average Shares of Common Stock Outstanding Diluted 21,231,979 19,543,117 20,509,995 19,530,509
Distributions Per Share - basic and diluted $ 0.41 $ 0.34 $ 0.81 $ 0.62