XML 11 R4.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Investment Income:        
Total interest income $ 5,590,163 $ 6,314,620 $ 16,209,590 $ 18,163,636
Total payment-in-kind interest income 633,318 419,469 1,338,898 636,583
Total dividend income 54,138 0 54,138 101,755
Total payment-in-kind dividend income 198,123 173,253 580,556 511,395
Total other fee income 142,347 98,498 575,801 670,926
Total investment income 6,618,089 7,005,840 18,758,983 20,084,295
Expenses:        
Interest expense 2,174,195 2,166,739 6,649,314 6,119,083
Base management fees 951,799 1,043,306 2,910,978 3,204,391
Income-based incentive fees 0 0 (72,942) (147,145)
Provision for tax expense 111,646 77,575 321,890 187,763
Professional fees 354,934 271,784 981,322 815,347
Allocation of administrative costs from Adviser 225,856 375,900 1,118,276 1,127,700
Amortization of deferred debt issuance costs 152,591 173,333 423,885 520,000
Amortization of original issue discount - 2026 Notes 17,777 17,777 53,332 53,332
Insurance expense 125,766 120,093 351,734 395,734
Directors' fees 75,157 75,625 221,407 226,875
Custodian and administrator fees 68,031 74,397 214,892 217,913
Other expenses 379,406 151,093 595,233 426,908
Total expenses 4,637,158 4,547,622 13,769,321 13,147,901
Waiver of base management fees (97,431) (89,939) (292,326) (296,566)
Waiver of income-based incentive fees 0 0 0 0
Net expenses 4,539,727 4,457,683 13,476,995 12,851,335
Net Investment Income 2,078,362 2,548,157 5,281,988 7,232,960
Net realized gain (loss) from investments        
Net realized gain (loss) from investments (6,271,968) (26,890,095) (12,143,007) (26,890,095)
Net change in unrealized appreciation (depreciation) in value of investments        
Net change in unrealized appreciation (depreciation) on investments 6,605,346 23,237,794 4,720,695 20,827,357
Total realized gain (loss) and change in unrealized appreciation (depreciation) on investments 333,378 (3,652,301) (7,422,312) (6,062,738)
Net increase (decrease) in net assets resulting from operations $ 2,411,740 $ (1,104,144) $ (2,140,324) $ 1,170,222
Net investment income per share $ 0.14 $ 0.18 $ 0.37 $ 0.5
Earnings per share - basic 0.17 (0.08) (0.15) 0.08
Earnings per share - diluted $ 0.17 $ (0.08) $ (0.15) $ 0.08
Weighted average shares of common stock outstanding - basic 14,396,951 14,389,868 14,394,574 14,388,295
Weighted average shares of common stock outstanding - diluted 14,396,951 14,389,868 14,394,574 14,388,295
Distributions paid per common share $ 0.15 $ 0.15 $ 0.45 $ 0.45
Non-Controlled, Non-Affiliated Investments        
Investment Income:        
Total interest income $ 5,561,333 $ 6,314,620 $ 16,180,220 $ 18,184,247
Total payment-in-kind interest income 613,765 401,978 1,281,265 584,645
Total dividend income 54,138 0 54,138 101,755
Total payment-in-kind dividend income 198,123 173,253 580,556 511,395
Total other fee income 142,347 98,498 575,801 670,926
Net realized gain (loss) from investments        
Net realized gain (loss) from investments (31,984) (26,890,095) (5,903,023) (26,890,095)
Net change in unrealized appreciation (depreciation) in value of investments        
Net change in unrealized appreciation (depreciation) on investments 1,089,608 24,505,471 576,387 22,391,835
Affiliate Investments        
Investment Income:        
Total interest income 28,830 0 29,370 (20,611)
Total payment-in-kind interest income 19,553 17,491 57,633 51,938
Total dividend income 0 0 0 0
Total payment-in-kind dividend income 0 0 0 0
Total other fee income 0 0 0 0
Net realized gain (loss) from investments        
Net realized gain (loss) from investments (6,239,984) 0 (6,239,984) 0
Net change in unrealized appreciation (depreciation) in value of investments        
Net change in unrealized appreciation (depreciation) on investments $ 5,515,738 $ (1,267,677) $ 4,144,308 $ (1,564,478)