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Earnings Per Share
 3 Months Ended
Dec. 31, 2022
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 December 31, 2022.

 

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 three months ended December 31, 2022 and 2021 (dollars in thousands, except share and per share amounts):

 

    For the Three Months Ended December 31,  
    2022     2021  
Basic and diluted:            
Net increase (decrease) in net assets resulting from operations   $ 3,952     $ 4,803  
Weighted average shares of common stock outstanding - basic and diluted     2,100,876       2,517,221  
Earnings (loss) per share of common stock - basic and diluted   $ 1.88     $ 1.91