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Net Change in Net Assets Resulting from Operations Per Share | 12 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Net Change in Net Assets Resulting from Operations Per Share | Note 9. Net Change in Net Assets Resulting from Operations 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 following table sets forth the computation of the weighted average basic and diluted net increase in net assets per share from operations:
Basic and Diluted Net Increase (Decrease) in Net Assets Per Share
|  | Year Ended June 30,
|  |  | 2023 |  |  | 2022 |  |  | 2021
Net increase (decrease) in net assets resulting from operations |  | $ | 3,234,503 |  | $ | 2,586,630 |  | $ | (2,313,825)
Weighted average shares of common stock outstanding |  |  | 14,389,163 |  |  | 14,304,641 |  |  | 13,908,612
Basic/diluted net increase (decrease) in net assets from operations per share |  | $ | 0.22 |  | $ | 0.18 |  | $ | (0.17)
On September 3, 2021, the Company issued 453,985 shares of common stock, par value $0.001 per share to Investcorp at a price of $6.92 per share for an aggregate offering price of $3,141,576. On March 4, 2020, the Company issued 113,500 shares of common stock, par value $0.001 per share, to Investcorp BDC at a price of $10.15 per share for an aggregate offering price of $1,152,025. On December 4, 2019, the Company issued 113,500 shares of common stock, par value $0.001 per share to Investcorp BDC at a price of $10.19 per share for an aggregate offering price of $1,156,565. The sales of the Company’s common stock to Investcorp BDC were made pursuant to the Stock Purchase Agreement. The issuance of the Company’s common stock is exempt from the registration requirements of the Securities Act, pursuant to Section 4(a)(2) thereof and Regulation D thereunder. Investcorp BDC is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D under the Securities Act.

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