XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Investment income    
Interest income from investments $ 11,006 $ 15,149
Payment-in-kind interest income 820 885
Other income    
Expirations/terminations of unfunded commitments 92 150
Other fees 42 149
Total investment and other income 11,960 16,333
Operating expenses    
Base management fee 1,531 1,548
Interest expense and amortization of fees 4,120 3,680
Administration agreement expenses 552 581
General and administrative expenses 551 888
Total operating expenses 6,754 6,697
Net investment income 5,206 9,636
Net realized and unrealized losses    
Net realized losses on investments (3,120) (3,631)
Net change in unrealized losses on investments (11,060) (2,226)
Net realized and unrealized losses (14,180) (5,857)
Net increase (decrease) in net assets resulting from operations $ (8,974) $ 3,779
Net investment income per common share, Basic (in dollars per share) $ 0.22 $ 0.41
Net investment income per common share, Diluted (in dollars per share) 0.22 0.41
Net increase in net assets per common share (in dollars per share) $ (0.38) $ 0.16
Weighted average shares of common stock outstanding, Basic (in shares) 23,689,363 23,689,363
Weighted average shares of common stock outstanding, Diluted (in shares) 23,689,363 23,689,363