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Earnings Per Share
 12 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Earnings Per Share

Note 11. Earnings Per Share

 

In accordance with the provisions of ASC Topic 260 - Earnings per Share, basic earnings per share is computed by dividing earnings available to common stockholders 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 Company does not have any potentially dilutive common shares as of September 30, 2023, 2022 and 2021.

 

The following information sets forth the computation of the weighted average basic and diluted net increase/(decrease) in net assets per share from operations for the years ended September 30, 2023, 2022 and 2021 (dollars in thousands, except share and per share amounts):

 

   For the Years Ended September 30, 
   2023   2022   2021 
Basic and diluted:            
Net increase (decrease) in net assets resulting from operations  $26,918   $(6,107)  $1,278 
Weighted average shares of common stock               
outstanding - basic and diluted   2,092,326    2,323,601    2,677,891 
Earnings (loss) per share of common stock - basic and diluted  $12.87   $(2.63)  $0.48