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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income:        
Total interest income $ 8,787 $ 12,225 $ 16,403 $ 24,941
Payment-in-kind income:        
Total payment-in-kind income 2,449 2,201 5,510 4,207
Dividend income:        
Total dividend income 1,213 1,800 2,630 3,453
Fees and other income:        
Total fees and other income 181 111 205 262
Total investment income 12,630 16,337 24,748 32,863
EXPENSES        
Management fees 1,445 1,680 2,911 3,409
Performance-based incentive fees 967 1,374 1,887 2,608
Interest and amortization of debt issuance costs 4,230 5,365 8,528 11,091
Professional fees 403 469 855 1,074
Administrative services expense 450 361 861 717
Directors' expense 142 162 286 323
Other general and administrative expenses 436 449 523 939
Total expenses 8,073 9,860 15,851 20,161
NET INVESTMENT INCOME [1] 4,557 6,477 8,897 12,702
Net realized gains (losses) from investment transactions:        
Net realized gain (loss) on investments (15,840) (6,922) (16,013) (8,979)
Net change in unrealized appreciation (depreciation) on:        
Net change in unrealized appreciation (depreciation) on Derivatives (35)   (23)  
Net change in unrealized appreciation (depreciation) on investments 6,628 (5,966) 2,725 (5,895)
Tax (provision) benefit on realized and unrealized gains (losses) on investments 137 78 (209) 537
Net realized and unrealized appreciation (depreciation) on investments, net of taxes (9,075) (12,810) (13,497) (14,337)
Net realized gain (loss) on extinguishment of debt   (39) [1] (0) (252) [1]
Net increase (decrease) in net assets resulting from operations [1] $ (4,518) $ (6,372) $ (4,600) $ (1,887)
Net Increase (Decrease) In Net Assets Resulting from Operations per Common Share:        
Basic $ (0.49) $ (0.69) $ (0.5) $ (0.2)
Diluted (0.49) (0.69) (0.5) (0.2)
Net Investment Income Per Common Share:        
Basic and Diluted: $ 0.5 $ 0.7 $ 0.97 [2] $ 1.36 [2]
Weighted Average Shares of Common Stock Outstanding - Basic 9,204,657 9,293,687 9,201,451 9,319,272
Weighted Average Shares of Common Stock Outstanding - Diluted 9,204,657 9,293,687 9,201,451 9,319,272
Non-controlled/Non-affiliated Investments        
Interest income:        
Total interest income $ 8,463 $ 11,913 $ 15,763 $ 24,534
Payment-in-kind income:        
Total payment-in-kind income [3] 2,354 2,018 5,207 3,912
Fees and other income:        
Total fees and other income 98 111 122 262
Net realized gains (losses) from investment transactions:        
Net realized gain (loss) from investments (9,648) (694) (9,729) (2,335)
Net change in unrealized appreciation (depreciation) on:        
Net change in unrealized appreciation (depreciation) on investments 3,390 (10,163) 1,889 (10,822)
Non-controlled Affiliated Investments        
Interest income:        
Total interest income 324 312 640 407
Payment-in-kind income:        
Total payment-in-kind income 95 183 303 295
Dividend income:        
Total dividend income 1,213 1,800 2,630 [4],[5] 3,453
Fees and other income:        
Total fees and other income 83   83  
Net realized gains (losses) from investment transactions:        
Net realized gain (loss) from investments [4],[5]     (92)  
Net change in unrealized appreciation (depreciation) on:        
Net change in unrealized appreciation (depreciation) on investments (3,014) (2,055) (4,154) [4],[5] (1,915)
Controlled Affiliated Investments        
Net realized gains (losses) from investment transactions:        
Net realized gain (loss) from investments (6,192) (6,228) (6,192) [4],[6] (6,644)
Net change in unrealized appreciation (depreciation) on:        
Net change in unrealized appreciation (depreciation) on investments $ 6,287 $ 6,252 $ 5,013 [4],[6] $ 6,842
[1] Refer to Note 9 “Stockholders' Equity” for additional information on changes in components of Stockholders' Equity.
[2] Based on weighted average number of common shares outstanding-basic for the period.
[3] During the three months ended June 30, 2025 and 2024, the Company received $0.1 million and $0.1 million, respectively, of non-recurring fee income that was paid in-kind and included in this financial statement line item. During the six months ended June 30, 2025 and 2024, the Company received $0.3 million and $0.1 million, respectively, of non-recurring fee income that was paid in-kind and included in this financial statement line item.
[4] All investments valued using unobservable inputs (Level III), unless otherwise noted.
[5] Under the 1940 Act, the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company as the Company owns at least 5% of the portfolio company’s outstanding voting securities or is under common control with such portfolio company.
[6] As defined in the 1940 Act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company.