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Earnings Per Share
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Earnings Per Share

Note 9. Earnings Per Share

 

In accordance with the provisions of ASC Topic 260, Earnings per Share (“ASC 260”), basic earnings per share is computed by dividing earnings available to common stockholders by the weighted average number of shares outstanding during the period. Other potentially dilutive common shares, and the related impact to earnings, are considered when calculating earnings per share on a diluted basis. As of each of June 30, 2023 and June 30, 2022, there were no dilutive shares.

 

The following table sets forth the computation of basic and diluted earnings per share of common stock for the three and six months ended June 30, 2023 and June 30, 2022.

 

   For the Three Months Ended
June 30
   For the Six Months Ended
June 30
 
   2023   2022   2023   2022 
                 
Net increase (decrease) in net assets resulting from operations  $23,940,662   $(65,332,117)  $52,028,984   $(68,762,918)
Weighted average shares of common stock outstanding - basic and diluted
   25,453,970    22,932,390    25,025,158    22,870,423 
Earnings (loss) per share of common stock - basic and diluted
  $0.94   $(2.85)  $2.08   $(3.01)