XML 13 R5.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Changes in Net Assets - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Beginning balance $ 611,159,000 $ 459,649,000 $ 459,649,000
Beginning balance, shares 46,323,712    
Issuance of common stock pursuant to distribution reinvestment plan $ 340,000 663,000  
Stock based compensation 2,459,000 1,765,000  
Issuance of common stock, net of issuance costs 24,240,000 4,048,000  
Retired and forfeited shares of restricted stock (1,582,000) (1,053,000)  
Stock repurchase and cancellation of shares   (1,003,000)  
Distributions to stockholders (24,808,000) (16,885,000)  
Net increase/(decrease) in net assets resulting from operations 14,508,000 22,486,000  
Ending balance $ 626,316,000 $ 469,670,000 $ 611,159,000
Ending balance, shares 48,643,194 35,925,764 46,323,712
Common Stock      
Beginning balance $ 46,000 $ 35,000 $ 35,000
Beginning balance, shares 46,323,712 34,960,672 34,960,672
Issuance of common stock pursuant to distribution reinvestment plan, shares 23,456 54,185  
Issuance of restricted stock awards $ 1,000 $ 1,000  
Issuance of restricted stock awards, shares 753,051 783,100  
Issuance of common stock, net of issuance costs $ 2,000    
Issuance of common stock, net of issuance costs, shares 1,652,632 302,980  
Retired and forfeited shares of restricted stock, shares (109,657) (83,482)  
Stock repurchase and cancellation of shares, shares   (91,691)  
Ending balance $ 49,000 $ 36,000 $ 46,000
Ending balance, shares 48,643,194 35,925,764 46,323,712
Paid In Capital in Excess of Par Value      
Beginning balance $ 633,740,000 $ 480,532,000 $ 480,532,000
Issuance of common stock pursuant to distribution reinvestment plan 340,000 663,000  
Stock based compensation 2,459,000 1,765,000  
Issuance of restricted stock awards (1,000) (1,000)  
Issuance of common stock, net of issuance costs 24,238,000 4,048,000  
Retired and forfeited shares of restricted stock (1,582,000) (1,053,000)  
Stock repurchase and cancellation of shares   (1,003,000)  
Ending balance 659,194,000 484,951,000 633,740,000
Distributable Earnings / (Accumulated Loss)      
Beginning balance (22,627,000) (20,918,000) (20,918,000)
Distributions to stockholders (24,808,000) (16,885,000)  
Net increase/(decrease) in net assets resulting from operations 14,508,000 22,486,000  
Ending balance $ (32,927,000) $ (15,317,000) $ (22,627,000)