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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income:      
Total interest income $ 46,895 $ 58,403 $ 54,240
Payment-in-kind income:      
Total payment-in-kind income 8,186 7,068 5,608
Dividend income:      
Total dividend income 6,576 8,948 8,591
Fees and other income:      
Total fees and other income 775 1,896 1,175
Total investment income 62,432 76,315 69,614
EXPENSES      
Management fees 6,559 7,452 8,349
Performance-based incentive fees 5,012 7,374 6,126
Interest and amortization of debt issuance costs 20,782 25,306 17,701
Professional fees 1,873 1,999 2,768
Administrative services expense 1,771 2,377 3,364
Directors' expense 610 630 632
Other general and administrative expenses 1,781 1,713 1,784
Total expenses 38,388 46,851 40,724
Expense reimbursement   (5,309)  
Net expenses 38,388 41,542 40,724
NET INVESTMENT INCOME 24,044 34,773 28,890
Net realized gains (losses) from investment transactions      
Net realized gain (loss) from derivatives     (2,095)
Net realized gain (loss) on investments (31,183) (26,766) (31,185)
Net change in unrealized appreciation (depreciation) on:      
Net change in unrealized appreciation (depreciation) on derivatives 220   2,412
Net change in unrealized gain (loss) on investments 1,006 3,322 (17,915)
Tax (provision) benefit on realized and unrealized gains (losses) on investments 853 414 (786)
Net realized and unrealized appreciation (depreciation) on investments, net of taxes (29,324) (23,030) (49,886)
Realized gains (losses) on extinguishment of debt (655) (362)  
Net increase (decrease) in net assets resulting from operations $ (5,935) $ 11,381 $ (20,996)
Net Increase (Decrease) In Net Assets Resulting from Operations per Common Share:      
Net increase (decrease) in net assets per share from operations - basic [1] $ (0.64) $ 1.2 $ (2.18)
Net increase (decrease) in net assets per share from operations - diluted (0.64) 1.2 (2.18)
Net Investment Income Per Common Share:      
Basic and Diluted: [1],[2] $ 2.59 $ 3.66 $ 3
Weighted average common stock outstanding - basic 9,272,809 9,509,396 9,634,468
Weighted average common stock outstanding - diluted 9,272,809 9,509,396 9,634,468
Non-controlled/Non-affiliated Investments      
Interest income:      
Total interest income $ 45,036 $ 55,675 $ 51,090
Payment-in-kind income:      
Total payment-in-kind income [3] 7,472 6,662 4,950
Fees and other income:      
Total fees and other income 775 1,882 1,135
Net realized gains (losses) from investment transactions      
Net realized gain (loss) from investments (23,205) (26,334) (28,893)
Net change in unrealized appreciation (depreciation) on:      
Net change in unrealized appreciation (depreciation) on investments (2,446) 6,696 (8,298)
Non-controlled Affiliated Investments      
Interest income:      
Total interest income 1,859 2,728 3,150
Payment-in-kind income:      
Total payment-in-kind income 714 406 477
Dividend income:      
Total dividend income 6,576 6,764 4,450
Fees and other income:      
Total fees and other income   14 40
Net realized gains (losses) from investment transactions      
Net realized gain (loss) from investments (1,334) (399) (197)
Net change in unrealized appreciation (depreciation) on:      
Net change in unrealized appreciation (depreciation) on investments (4,085) 980 (1,428)
Controlled Affiliated Investments      
Payment-in-kind income:      
Total payment-in-kind income     181
Dividend income:      
Total dividend income   2,184 4,141
Net realized gains (losses) from investment transactions      
Net realized gain (loss) from investments (6,644) (33)  
Net change in unrealized appreciation (depreciation) on:      
Net change in unrealized appreciation (depreciation) on investments $ 7,317 $ (4,354) $ (10,601)
[1] Totals may not sum due to rounding.
[2] Based on weighted average number of common shares outstanding for the period.
[3] During the years ended December 31, 2024, December 31, 2023 and December 31, 2022, the Company received $0.1 million, $0.6 million and $ million, respectively, of non-recurring fee income that was paid in-kind and included in this financial statement line item.