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RELATED-PARTY TRANSACTIONS (Tables)
 3 Months Ended
Mar. 31, 2022
Related Party Transactions [Abstract]  
Summary of Management Fees, Incentive Fees and Associated Credits and Administration Fees
The following table summarizes related-party fees paid or accrued for and reflected in our accompanying condensed consolidated financial statements (dollars in thousands):
 For the Three Months Ended March 31,
 20222021
Base management fee(1)(2)
$2,037 $1,369 
Incentive fee(1)(2)
1,131 1,162 
Total fees to our Adviser, net$3,168 $2,531 
Administration fee(1)(2)
$463 $357 
Selling Commissions and Dealer-Manager Fees(1)(3)
$3,178 $1,144 
Financing fees(1)(4)
94 17 
Total fees to Gladstone Securities$3,272 $1,161 
(1)Pursuant to the agreements with the respective related-party entities, as discussed above.
(2)Reflected as a line item on our accompanying Condensed Consolidated Statements of Operations and Comprehensive Income.
(3)Included within Additional paid-in capital on the accompanying Condensed Consolidated Balance Sheets.
(4)Included within Notes and bonds payable, net on the Condensed Consolidated Balance Sheets and amortized into Interest expense on the Condensed Consolidated Statements of Operations and Comprehensive Income.
Details of Amounts Due to Related Parties on Our Accompanying Condensed Consolidated Balance Sheets Amounts due to related parties on our accompanying Condensed Consolidated Balance Sheets as of March 31, 2022, and December 31, 2021, were as follows (dollars in thousands):
March 31, 2022December 31, 2021
Base management fee$2,037 $1,836 
Incentive fee1,131 1,793 
Other, net(1)
111 95 
Total due to Adviser3,279 3,724 
Administration fee463 411 
Cumulative accrued but unpaid portion of prior Administration Fees(2)
185 89 
Total due to Administrator648 500 
Due to Gladstone Securities(3)
5 — 
Total due to related parties(4)
$3,932 $4,224 
(1)Other amounts due to or from our Adviser primarily relate to miscellaneous general and administrative expenses either paid by our Adviser on our behalf or by us on our Adviser’s behalf.
(2)Represents the cumulative accrued but unpaid portion of prior Administration fees that are scheduled to be paid during the three months ending September 30 of each year, which is the quarter following our Administrator’s fiscal year end.
(3)Represents certain costs related to sales of our Series C Preferred Stock paid by Gladstone Securities on our behalf.
(4)Reflected as a line item on our accompanying Condensed Consolidated Balance Sheets.