XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:          
Net increase in net assets resulting from operations $ 5,993 $ 12,767 $ 17,132 $ 25,516  
Adjustments to reconcile net increase in net assets resulting from operations to net cash used in operating activities:          
Amortization of debt issuance costs 400 200 1,142 744  
Net realized loss on investments     9,484 2,372  
Net realized loss on extinguishment of debt 0 0 0 395  
Net unrealized appreciation on investments (3,442) (3,376) (1,169) (8,122)  
Purchase of investments     (348,347) (217,252)  
Principal payments received on investments     114,433 119,260  
Proceeds from sale of investments     49,681 5,285  
Changes in assets and liabilities:          
Increase in interest receivable     (2,175) (661)  
Increase in end-of-term payments     (3,003) (1,100)  
Decrease in unearned income     (274) (854)  
Decrease (increase) in other assets     115 (507)  
Increase in other accrued expenses     193 76  
Increase in base management fee payable     1,164 135  
Increase in incentive fee payable     769 1,037  
Net cash used in operating activities     (160,855) (73,676)  
Cash flows from financing activities:          
Proceeds from issuance of common stock, net of offering costs     67,525 17,312  
Advances on Credit Facilities     119,000 89,000  
Repayment of Credit Facilities     (47,000) (36,000)  
Debt issuance costs     (2,470) (2,648)  
Distributions paid     (20,752) (17,493)  
Net cash provided by financing activities     146,762 70,296  
Net decrease in cash, cash equivalents and restricted cash     (14,093) (3,380)  
Cash, cash equivalents and restricted cash:          
Beginning of period     47,281 47,758 $ 47,758
End of period 33,188 44,378 33,188 44,378 47,281
Supplemental disclosure of cash flow information:          
Cash paid for interest     11,543 7,785  
Supplemental non-cash investing and financing activities:          
Warrant investments received and recorded as unearned income     2,969 2,924  
Distributions payable 7,918 6,128 7,918 6,128 6,365
End-of-term payments receivable     8,240 4,993  
Non-cash income     4,504 3,523  
Cash 23,839 20,817 23,839 20,817 38,054
Investments in money market funds 7,732 22,057 7,732 22,057 $ 7,868
Restricted investments in money market funds 1,617 1,504 1,617 1,504  
Total cash, cash equivalents and restricted cash $ 33,188 $ 44,378 33,188 44,378  
The 2027 Notes [Member]          
Cash flows from financing activities:          
Proceeds from issuance of notes     57,500 0  
The 2026 Notes [Member]          
Cash flows from financing activities:          
Proceeds from issuance of notes     0 57,500  
Asset-Backed Notes [Member]          
Cash flows from financing activities:          
Repayment of notes     (27,041) 0  
The 2022 Notes [Member]          
Cash flows from financing activities:          
Repayment of notes     $ 0 $ (37,375)