XML 64 R54.htm IDEA: XBRL DOCUMENT v3.23.2
FINANCIAL HIGHLIGHTS (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2023
USD ($)
$ / shares
shares
Jun. 30, 2022
USD ($)
$ / shares
shares
Jun. 30, 2023
USD ($)
$ / shares
shares
Jun. 30, 2022
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
Per Share Data:(1)          
Net asset value at beginning of period     $ 14.02 $ 14.61  
Net investment income     0.95 0.60  
Change in unrealized depreciation on investments     (0.51) (0.41)  
Net realized (loss) gain     (0.02) 0.16  
Provision for taxes on net unrealized appreciation on investments     (0.01) (0.01)  
Total from operations     0.41 0.34  
Sales load     (0.03)    
Offering costs     (0.01) (0.01)  
Net investment income     (0.81) (0.62)  
Accretive effect of stock offerings (issuing shares above net asset value per share)     0.07    
Other     0.02    
Net asset value at end of period $ 13.67 $ 14.32 13.67 14.32  
Per share market value at end of period     $ 14.07 $ 11.13  
Total return based on market value(2)     11.10% (11.20%)  
Weighted Average Shares of Common Stock Outstanding Basic | shares 21,231,979 19,543,117 20,509,995 19,530,509  
Weighted Average Shares of Common Stock Outstanding Diluted | shares 21,231,979 19,543,117 20,509,995 19,530,509  
Ratio/Supplemental Data:(1)          
Net assets at end of period | $ $ 308,325,028 $ 279,866,118 $ 308,325,028 $ 279,866,118 $ 280,852,045
Weighted average net assets | $ $ 286,407,662 $ 285,044,632 $ 286,407,662 $ 285,044,632  
Annualized ratio of gross operating expenses to net assets(5) 22.00 14.15 22.00 14.15  
Annualized ratio of interest expense and other fees to net assets 11.26 7.37 11.26 7.37  
Annualized ratio of net investment income to net assets(5)     13.72% 8.27%  
Portfolio turnover(3) 10.29 7.09 10.29 7.09  
Notes payable | $ $ 98,771,216 $ 100,000,000 $ 98,771,216 $ 100,000,000 $ 98,549,692
Credit Facility payable | $ 171,455,223 203,592,986 171,455,223 203,592,986  
SBA-guaranteed debentures | $ $ 313,600,000 $ 293,600,000 $ 313,600,000 $ 293,600,000  
Asset coverage ratio(4) 2.14 1.92 2.14 1.92  
Income tax (provision) benefit on net unrealized appreciation (depreciation) in taxable subsidiaries | $     $ 144,113 $ (21,157)  
Percentage Impact of tax on net unrealized appreciation (depreciation) to net assets     0.10% 0.03%