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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Total interest income $ 12,716 $ 15,695
Payment-in-kind income:    
Total payment-in-kind income 2,006 1,600
Dividend income:    
Total dividend income 1,653 2,459
Fees and other income    
Total fees and other income 151 573
Total investment income 16,526 20,327
EXPENSES    
Management fees 1,729 1,953
Performance-based incentive fees 1,234 1,808
Interest and amortization of debt issuance costs 5,725 6,332
Professional fees 766 603
Administrative services expense 356 671
Other general and administrative expenses 490 431
Total expenses 10,300 11,798
NET INVESTMENT INCOME 6,226 8,529
Net realized gains (losses) from investment transactions:    
Net realized gain (loss) on investments (2,057) (3,085)
Net change in unrealized appreciation (depreciation) on:    
Net change in unrealized gain (loss) on investments 71 (5,960)
Tax (provision) benefit on realized and unrealized gains (losses) on investments (459) (571)
Net realized and unrealized appreciation (depreciation) on investments, net of taxes (1,527) (8,474)
Net realized gain (loss) on extinguishment of debt [1] (213)  
Net increase (decrease) in net assets resulting from operations [1] $ 4,486 $ 55
Net Increase (Decrease) In Net Assets Resulting from Operations per Common Share:    
Basic [2] $ 0.48 $ 0.01
Diluted 0.48 0.01
Net Investment Income Per Common Share:    
Basic and Diluted: [2],[3] $ 0.67 $ 0.89
Weighted Average Shares of Common Stock Outstanding - Basic 9,344,994 9,555,125
Weighted Average Shares of Common Stock Outstanding - Diluted 9,344,994 9,555,125
Non-controlled/Non-affiliated Investments    
Interest income:    
Total interest income $ 12,621 $ 14,846
Payment-in-kind income:    
Total payment-in-kind income [4] 1,894 1,527
Fees and other income    
Total fees and other income 151 573
Net realized gains (losses) from investment transactions:    
Net realized gain (loss) from investments (1,641) (3,085)
Net change in unrealized appreciation (depreciation) on:    
Net change in unrealized appreciation (depreciation) on investments (659) (3,057)
Non-controlled Affiliated Investments    
Interest income:    
Total interest income 95 849
Payment-in-kind income:    
Total payment-in-kind income 112 73
Dividend income:    
Total dividend income 1,653 1,384
Net change in unrealized appreciation (depreciation) on:    
Net change in unrealized appreciation (depreciation) on investments 140 (311)
Controlled Affiliated Investments    
Dividend income:    
Total dividend income   1,075
Net realized gains (losses) from investment transactions:    
Net realized gain (loss) from investments (416)  
Net change in unrealized appreciation (depreciation) on:    
Net change in unrealized appreciation (depreciation) on investments $ 590 $ (2,592)
[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] Based on weighted average number of common shares outstanding-basic for the period.
[4] During the three months ended March 31, 2024, the Company received $0.1 million of non-recurring fee income that was paid in-kind and included in this financial statement line item. During the period ended March 31, 2023, the Company received $0.3 million of non-recurring fee income that was paid in-kind and included in this financial statement line item.