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v3.23.1

Consolidated Statements of Changes in Net Assets - USD ($) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022
Beginning balance | $ 459,649,000 | $ 446,533,000 | $ 446,533,000
Beginning balance, shares | 34,960,672 |  |
Issuance of common stock pursuant to distribution reinvestment plan | $ 663,000 | 1,053,000 |
Stock based compensation | 1,765,000 | 911,000 |
Issuance of common stock, net of issuance costs | 4,048,000 |  |
Stock repurchase and cancellation of shares | (1,003,000) |  |
Retired and forfeited shares of restricted stock | (1,053,000) | (2,000) |
Distributions to stockholders | (16,885,000) | (15,389,000) |
Net increase/(decrease) in net assets resulting from operations | 22,486,000 | (9,065,000) |
Ending balance | $ 469,670,000 | $ 424,041,000 | $ 459,649,000
Ending balance, shares | 35,925,764 | 27,982,842 | 34,960,672
Common Stock |  |  |
Beginning balance | $ 35,000 | $ 27,000 | $ 27,000
Beginning balance, shares | 34,960,672 | 27,229,541 | 27,229,541
Issuance of common stock pursuant to distribution reinvestment plan, shares | 54,185 | 59,534 |
Issuance of restricted stock awards | $ 1,000 | $ 1,000 |
Issuance of restricted stock awards, shares | 783,100 | 704,723 |
Issuance of common stock, net of issuance costs, shares | 302,980 |  |
Stock repurchase and cancellation of shares, shares | (91,691) |  |
Retired and forfeited shares of restricted stock, shares | (83,482) | (10,956) |
Ending balance | $ 36,000 | $ 28,000 | $ 35,000
Ending balance, shares | 35,925,764 | 27,982,842 | 34,960,672
Paid In Capital in Excess of Par Value |  |  |
Beginning balance | $ 480,532,000 | $ 368,609,000 | $ 368,609,000
Issuance of common stock pursuant to distribution reinvestment plan | 663,000 | 1,053,000 |
Stock based compensation | 1,765,000 | 911,000 |
Issuance of restricted stock awards | (1,000) | (1,000) |
Issuance of common stock, net of issuance costs | 4,048,000 |  |
Stock repurchase and cancellation of shares | (1,003,000) |  |
Retired and forfeited shares of restricted stock | (1,053,000) | (2,000) |
Ending balance | 484,951,000 | 370,570,000 | 480,532,000
Distributable Earnings / (Accumulated Loss) |  |  |
Beginning balance | (20,918,000) | 77,897,000 | 77,897,000
Distributions to stockholders | (16,885,000) | (15,389,000) |
Net increase/(decrease) in net assets resulting from operations | 22,486,000 | (9,065,000) |
Ending balance | $ (15,317,000) | $ 53,443,000 | $ (20,918,000)

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