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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2022
Operating activities    
Net income $ 7,803,952
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion of deferred loan origination fees and other discounts (894,087)
Payment-in-kind interest (970,569)
Provision for current expected credit losses 48,296
Amortization of deferred debt issuance costs 72,268
Stock-based compensation 120,940
Changes in operating assets and liabilities:    
Interest receivable (175,960)
Other receivables (10,053)
Interest reserve (3,084,470)
Management and incentive fees payable (233,618)
Accounts payable and accrued expenses 358,933
Net cash provided by operating activities 3,035,632
Cash flows from investing activities    
Issuance of and fundings of loans (82,794,575)
Principal repayment of loans 5,619,201
Net cash used in investing activities (77,175,374)
Cash flows from financing activities    
Proceeds from sale of common stock 100,000 4,505,664
Dividends paid (4,512,329)
Payment of deferred offering costs (23,941)
Net cash (used in) provided by financing activities 100,000 (30,606)
Change in cash 100,000 (74,170,348)
Cash, beginning of period 80,248,526
Cash, end of period 100,000 6,078,178
Supplemental disclosure of non-cash financing and investing activity    
Interest reserve withheld from funding of loan 3,919,974
OID withheld from funding of loans 1,128,415
Dividends declared and not yet paid $ 7,100,066