XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Investment income:    
Payment-in-kind interest income $ 2,115 $ 2,272
Dividend income 1,012 1,095
Fee income   310
Total investment income 15,182 16,804
Operating expenses:    
Interest and other debt financing expenses 5,507 5,514
Base management fees 2,048 2,200
Incentive fees 1,368 1,657
Professional fees 268 128
Administrative service fees 209 255
General and administrative expenses 218 155
Directors’ fees 76 35
Total operating expenses 9,694 9,944
Net investment income before income taxes 5,488 6,860
Income taxes, including excise taxes 18 233
Net investment income 5,470 6,627
Net realized gain (loss):    
Non-controlled/non-affiliate company investments 4 706
Foreign currency forward contracts 0 37
Foreign currency and other transactions 0 (3)
Net realized gain (loss) 4 740
Net change in unrealized gain (loss):    
Unrealized gain (loss) of investments (2,279) (4,188)
Foreign currency forward contracts 0 180
Net change in unrealized gain (loss) (2,279) (4,008)
Net gain (loss) (2,275) (3,268)
Net increase (decrease) in net assets resulting from operations $ 3,195 $ 3,359
Per common share data:    
Net investment income per share - basic (in dollars per share) $ 0.25 $ 0.31
Net investment income per share - diluted (in dollars per share) 0.25 0.31
Net increase (decrease) in net assets resulting from operations per share - basic (in dollars per share) 0.15 0.16
Net increase (decrease) in net assets resulting from operations per share - diluted (in dollars per share) $ 0.15 $ 0.16
Weighted average common shares outstanding - basic (in shares) 21,666 21,666
Weighted average common shares outstanding - diluted (in shares) 21,666 21,666
Non-controlled/non-affiliate company investments    
Investment income:    
Interest income $ 10,830 $ 11,710
Payment-in-kind interest income 808 885
Dividend income 59 146
Fee income 37 310
Total investment income 11,734 13,051
Net realized gain (loss):    
Non-controlled/non-affiliate company investments 4 706
Net change in unrealized gain (loss):    
Unrealized gain (loss) of investments (1,344) (3,417)
Non-controlled affiliate company investments    
Investment income:    
Interest income 1,188 1,417
Payment-in-kind interest income 1,307 1,387
Dividend income 53 49
Fee income 0 0
Total investment income 2,548 2,853
Net realized gain (loss):    
Non-controlled/non-affiliate company investments 0 0
Net change in unrealized gain (loss):    
Unrealized gain (loss) of investments (803) (1,025)
Controlled affiliate company investments    
Investment income:    
Payment-in-kind interest income 0 0
Dividend income 900 900
Fee income 0 0
Total investment income 900 900
Net realized gain (loss):    
Non-controlled/non-affiliate company investments 0 0
Net change in unrealized gain (loss):    
Unrealized gain (loss) of investments $ (132) $ 254