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Net Change in Net Assets Resulting from Operations Per Share | 6 Months Ended
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Dec. 31, 2022
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:
|  | Three months ended December 31, |  | Six months ended December 31,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Net increase (decrease) in net assets resulting from operations |  | $ | 616,859 |  | $ | 3,449,899 |  | $ | 2,274,366 |  | $ | 6,736,347
Weighted average shares of common stock outstanding |  |  | 14,388,242 |  |  | 14,384,025 |  |  | 14,387,526 |  |  | 14,225,197
Basic/diluted net increase (decrease) in net assets from operations per share |  | $ | 0.04 |  | $ | 0.24 |  | $ | 0.16 |  | $ | 0.47
On September 3, 2021, the Company issued 453,985 shares of common stock, par value $0.001 per share to Investcorp BDC at a price of $6.92 per share for an aggregate offering price of $3,141,576. The sale of the Company’s common stock to Investcorp BDC was made pursuant to the Stock Purchase Agreement and the issuance of the Company’s common stock was 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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