XML 21 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net increase (decrease) in net assets resulting from operations $ 3,643 $ (10,021)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net realized loss on investments 10,241 868
Income tax (benefit) expense on net realized investment gains 54 (365)
Loss on extinguishment of debt 213 144
Net unrealized depreciation on investments, net of taxes 1,312 22,999
Amortization of Net Loan Fees (1,238) (1,334)
Amendment fees collected 166 206
Payment-in-kind interest and dividend income (1,491) (650)
Accretion of interest income on Structured Finance Securities (8,534) (7,647)
Amortization of debt issuance costs 1,153 1,154
Amortization of intangible asset 306 307
Purchase and origination of portfolio investments (34,721) (144,894)
Proceeds from principal payments on portfolio investments 48,207 75,218
Proceeds from sale or redemption of portfolio investments 18,803 31,060
Proceeds from distributions received from portfolio investments 10,610 14,261
Changes in operating assets and liabilities:    
Interest receivable 423 (354)
Interest payable (1,957) (1,673)
Payable to adviser and affiliates (112) (2,431)
Receivable for investment sold 0 11,325
Payable for investments purchased 0 (8,788)
Other assets and liabilities (75) (610)
Net cash provided by (used in) operating activities 47,003 (21,225)
Cash flows from financing activities    
Distributions paid to stockholders (13,398) (11,418)
Borrowings under revolving lines of credit 24,650 58,650
Repayments under revolving lines of credit (38,250) (35,750)
Repayments of SBA debentures (19,000) (19,000)
Payment of deferred financing costs 0 (1,022)
Repurchases of common stock under Stock Repurchase Program 0 (231)
Net cash used in financing activities (45,998) (8,771)
Net increase (decrease) in cash 1,005 (29,996)
Cash at beginning of period 14,937 43,048
Cash at end of period 15,942 13,052
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 15,602 12,742
Reinvestment of distributions to stockholders $ 0 $ 128