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Earnings Per Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

Note 10. 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, 2024 and June 30, 2023, 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, 2024 and June 30, 2023.

 

   For the Three Months
Ended June 30		   For the Six Months
Ended June 30		 
   2024   2023   2024   2023 
                 
Net increase (decrease) in net assets resulting from operations  $5,312,813   $23,940,662   $28,192,953   $52,028,984 
Weighted average shares of common stock outstanding - basic and diluted
   32,569,280    25,453,970    32,081,916    25,025,158 
Earnings (loss) per share of common stock - basic and diluted
  $0.16   $0.94   $0.88   $2.08