Earnings (Losses) Per Share

9 Months Ended

Sep. 30, 2022

EARNINGS (LOSSES) PER SHARE

In accordance with the provisions of ASC 260, “Earnings per Share” (“ASC 260”), basic earnings per share is computed by dividing earnings available to common shareholders 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.

The following information sets forth the computation of basic and diluted net increase (decrease) in net assets per share for the three and nine months ended September 30, 2022 and 2021:


	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
($ in thousands)	2022			2021		2022			2021
Net increase (decrease) in net assets resulting from operations	$	(4,205	)	$	9,145	$	(8,580	)	$	28,026
Weighted average number of common and common stock equivalent shares outstanding for basic and diluted shares computation		9,602,712			9,131,456		9,644,870			8,213,661
Net increase (decrease) in net assets per basic common shares and diluted shares:
Net increase (decrease) in net assets from operations(1)	$	(0.44	)	$	1.00	$	(0.89	)	$	3.41

(1)

The Company completed a Reverse Stock Split of 10 to 1 effective August 26, 2021, the common stock and net asset value have been adjusted retroactively to reflect the split.