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Earnings (Losses) Per Share
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Earnings (Losses) Per Share

3. 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 stockholders’ equity per share for the years ended December 31, 2023, 2022 and 2021:

 

 

 

For the Year Ended December 31,

 

($ in thousands)

 

2023

 

 

2022

 

 

2021

 

Net increase (decrease) in net assets resulting from operations

 

$

11,381

 

 

$

(20,996

)

 

$

26,026

 

Weighted average number of common and common stock equivalent shares outstanding for basic and diluted shares computation

 

 

9,509,396

 

 

 

9,634,468

 

 

 

8,536,079

 

Net increase (decrease) in net assets per basic common shares and diluted shares:

 

 

 

 

 

 

 

 

 

Net increase (decrease) in net assets from operations(1)

 

$

1.20

 

 

$

(2.18

)

 

$

3.05

 
(1)
The Company completed a Reverse Stock Split of 10 to 1 effective August 26, 2021, amounts have been adjusted retroactively to reflect the split.