v3.25.4
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2025
Nov. 30, 2024
Payment in kind interest income:        
Total interest from investments $ 26,721,979 $ 30,760,674 $ 81,103,340 $ 104,432,302
Interest from cash and cash equivalents 1,942,036 1,627,718 6,329,644 3,923,380
Management fee income 628,774 775,398 1,997,581 2,372,177
Dividend income:        
Total dividend from investments 1,065,007 1,120,659 3,094,736 3,745,569
Structuring and advisory fee income 662,461 740,705 1,148,436 1,186,548
Other income 625,282 853,481 916,175 1,900,184
Total investment income 31,645,539 35,878,635 94,589,912 117,560,160
OPERATING EXPENSES        
Interest and debt financing expenses 11,911,568 13,044,000 36,735,463 39,135,022
Base management fees 4,434,590 4,412,000 13,142,246 14,161,025
Incentive management fees expense (benefit) 2,447,611 3,109,834 7,255,297 11,244,838
Professional fees 867,774 670,376 2,216,873 1,795,572
Administrator expenses 1,350,000 1,250,000 3,883,333 3,458,333
Insurance 73,502 76,743 222,122 231,936
Directors fees and expenses 90,000 83,500 340,000 276,500
General and administrative 888,786 759,902 1,946,966 2,190,613
Income tax expense (benefit) (204,678) 36,625 (161,539) 98,263
Total operating expenses 21,859,153 23,442,980 65,580,761 72,592,102
NET INVESTMENT INCOME 9,786,386 12,435,655 29,009,151 44,968,058
Net realized gain (loss) from investments:        
Net realized gain (loss) from investments 3,070,547 5,444,745 6,024,577 (49,198,979)
Net change in unrealized appreciation (depreciation) on investments:        
Net change in unrealized appreciation (depreciation) on investments (583,658) (8,918,583) 4,088,032 33,741,003
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments (150,134) (126,875) 218,779 (747,063)
Net realized and unrealized gain (loss) on investments 2,336,755 (3,600,713) 10,331,388 (16,205,039)
Realized losses on extinguishment of debt (123,157) (123,157)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ 11,999,984 $ 8,834,942 $ 39,217,382 $ 28,763,019
WEIGHTED AVERAGE - BASIC EARNINGS (LOSS) PER COMMON SHARE (in Dollars per share) $ 0.74 $ 0.64 $ 2.49 $ 2.09
WEIGHTED AVERAGE - DILUTED EARNINGS (LOSS) PER COMMON SHARE (in Dollars per share) $ 0.74 $ 0.64 $ 2.49 $ 2.09
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in Shares) 16,108,862 13,789,951 15,741,337 13,733,008
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in Shares) 16,108,862 13,789,951 15,741,337 13,733,008
Non-control/Non-affiliate investments        
Interest income:        
Interest Income $ 23,373,796 $ 28,301,622 $ 72,535,907 $ 95,247,113
Payment in kind interest income:        
Payment in kind interest income 110,210 355,161 399,523 2,073,035
Dividend income:        
Total dividend from investments 172,557 689,872 584,827
Net realized gain (loss) from investments:        
Net realized gain (loss) from investments 3,070,547 4,806,390 5,386,222 5,365,091
Net change in unrealized appreciation (depreciation) on investments:        
Net change in unrealized appreciation (depreciation) on investments (926,785) (7,026,951) (75,841) 39,654,726
Affiliate investments        
Interest income:        
Interest Income 687,188 458,765 1,967,399 1,446,620
Payment in kind interest income:        
Payment in kind interest income 604,628 424,357 1,794,257 915,807
Total interest from investments     3,761,656  
Management fee income      
Net change in unrealized appreciation (depreciation) on investments:        
Net change in unrealized appreciation (depreciation) on investments 695,483 179,825 789,116 1,134,493
Control investments        
Interest income:        
Interest Income 1,927,250 1,220,769 4,309,467 4,465,137
Payment in kind interest income:        
Payment in kind interest income 18,907 96,787 284,590
Dividend income:        
Total dividend from investments 1,065,007 948,102 2,404,864 3,160,742
Net realized gain (loss) from investments:        
Net realized gain (loss) from investments 638,355 638,355 (54,564,070)
Net change in unrealized appreciation (depreciation) on investments:        
Net change in unrealized appreciation (depreciation) on investments $ (352,356) $ (2,071,457) $ 3,374,757 $ (7,048,216)