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Earnings (Losses) Per Share
 9 Months Ended
Sep. 30, 2024
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 net assets per share for the three and nine months ended September 30, 2024 and 2023:

 

 

For the Three Months Ended September 30,

For the Nine Months Ended September 30,

 

($ in thousands, except share and per share amounts)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net decrease in net assets resulting from operations – basic and diluted

 

$

(1,509

)

 

$

7,445

 

 

$

(3,395

)

 

$

4,386

 

Weighted average common stock outstanding – basic and diluted

 

 

9,244,033

 

 

 

9,505,172

 

 

 

9,295,008

 

 

 

9,533,835

 

Net decrease in net assets per share from operations – basic and diluted

 

$

(0.16

)

 

$

0.78

 

 

$

(0.37

)

 

$

0.46