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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Total interest income $ 15,695 $ 13,258
Payment-in-kind income:    
Total payment-in-kind income 1,600 1,382
Dividend income:    
Total dividend income 2,459 2,108
Fees and other income    
Total fees and other income 573 196
Total investment income 20,327 16,944
EXPENSES    
Management fees 1,953 2,135
Performance-based incentive fees 1,808 1,678
Interest and amortization of debt issuance costs 6,332 3,344
Professional fees 603 845
Administrative services expense 671 847
Other general and administrative expenses 431 187
Total expenses 11,798 9,036
NET INVESTMENT INCOME 8,529 7,908
Net realized gains (losses) from investment transactions:    
Net realized gain (loss) from derivatives   (2,095)
Net realized gain (loss) on investments (3,085) (5,553)
Net change in unrealized appreciation (depreciation) on:    
Net change in unrealized appreciation (depreciation) on derivatives   2,442
Net unrealized gain (loss) on investments (5,960) 2,143
Tax (provision) benefit on realized and unrealized gains (losses) on investments 571 (440)
Net realized and unrealized appreciation (depreciation) on investments, net of taxes (8,474) (3,850)
Net increase (decrease) in net assets resulting from operations [1] $ 55 $ 4,058
Net Increase (Decrease) In Net Assets Resulting from Operations per Common Share:    
Basic [2] $ 0.01 $ 0.42
Diluted 0.01 0.42
Net Investment Income Per Common Share:    
Basic and Diluted: $ 0.89 $ 0.82
Weighted Average Shares of Common Stock Outstanding - Basic 9,555,125 9,698,099
Weighted Average Shares of Common Stock Outstanding - Diluted 9,555,125 9,698,099
Non-controlled/Non-affiliated Investments    
Interest income:    
Total interest income $ 14,846 $ 12,667
Payment-in-kind income:    
Total payment-in-kind income [3] 1,527 1,126
Fees and other income    
Total fees and other income 573 196
Net realized gains (losses) from investment transactions:    
Net realized gain (loss) from investments (3,085) (3,670)
Net change in unrealized appreciation (depreciation) on:    
Net change in unrealized appreciation (depreciation) on investments (3,057) 829
Non-controlled Affiliated Investments    
Interest income:    
Total interest income 849 591
Payment-in-kind income:    
Total payment-in-kind income 73 256
Dividend income:    
Total dividend income 1,384 945
Net realized gains (losses) from investment transactions:    
Net realized gain (loss) from investments   212
Net change in unrealized appreciation (depreciation) on:    
Net change in unrealized appreciation (depreciation) on investments (311) 117
Controlled Affiliated Investments    
Dividend income:    
Total dividend income 1,075 1,163
Net change in unrealized appreciation (depreciation) on:    
Net change in unrealized appreciation (depreciation) on investments $ (2,592) $ (1,245)
[1] Refer to Note 9 "Stockholders' Equity" for additional information on changes in components of Stockholders' Equity
[2] Totals may not sum due to rounding.
[3]
(1)
During the period ended March 31, 2023, the Company received $301 thousand of non-recurring fee income that was paid in-kind and included in this financial statement line item.