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Change in Year End (Tables)

6 Months Ended

Dec. 31, 2024

Sechdule of Recent Accounting Pronouncements

The following is selected financial data for the six month transition period ending December 31, 2024 and the comparable prior year period:


	Six Months Ended December 31,
	2024	2023 (Unaudited)
Investment Income:
Interest income
Non-controlled, non-affiliated investments	$8,680,899	$10,618,887
Non-controlled, affiliated investments	3,660	540
Total interest income	8,684,559	10,619,427
Payment in-kind interest income
Non-controlled, non-affiliated investments	2,329,399	667,500
Non-controlled, affiliated investments	42,079	38,080
Total payment-in-kind interest income	2,371,478	705,580
Dividend income
Non-controlled, non-affiliated investments	—	—
Non-controlled, affiliated investments	—	—
Total dividend income	—	—
Payment in-kind dividend income
Non-controlled, non-affiliated investments	432,669	382,433
Non-controlled, affiliated investments	—	—
Total payment-in-kind dividend income	432,669	382,433
Other fee income
Non-controlled, non-affiliated investments	134,051	433,454
Non-controlled, affiliated investments	—	—
Total other fee income	134,051	433,454
Total investment income	11,622,757	12,140,894
Expenses:
Interest expense	3,752,412	4,475,119
Base management fees	1,671,831	1,959,179
Income-based incentive fees	501,540	(72,942)
Professional fees	718,289	626,388
Allocation of administrative costs from Adviser	382,064	892,420
Amortization of deferred debt issuance costs	306,004	271,294
Amortization of original issue discount - 2026 Notes	35,555	35,555
Insurance expense	255,536	225,968
Directors' fees	175,852	146,250
Custodian and administrator fees	147,986	146,861
Other expenses	346,109	215,827
Total expenses	8,293,178	8,921,919
Waiver of base management fees	(131,735)	(194,895)
Waiver of income-based incentive fees	—	—
Net expenses	8,161,443	8,727,024
Net investment income before taxes	3,461,314	3,413,870
Income tax expense, including excise tax expense	315,075	210,244
Net investment income after taxes	$3,146,239	$3,203,626
Net realized and unrealized gain/(loss) on investments:
Net realized gain (loss) from investments
Non-controlled, non-affiliated investments	$(8,114,711)	$(5,871,039)
Non-controlled, affiliated investments	—	—
Net realized gain (loss) from investments	(8,114,711)	(5,871,039)
Net change in unrealized appreciation (depreciation) in value of investments
Non-controlled, non-affiliated investments	11,819,426	(513,221)
Non-controlled, affiliated investments	(808,865)	(1,371,430)
Net change in unrealized appreciation (depreciation) on investments	11,010,561	(1,884,651)
Total realized gain (loss) and change in unrealized appreciation (depreciation) on investments	2,895,850	(7,755,690)
Net increase (decrease) in net assets resulting from operations	$6,042,089	$(4,552,064)
Basic and diluted:
Earnings per share	$0.42	$(0.32)
Weighted average shares of common stock outstanding	14,404,510	14,393,398
Distributions paid per common share	$0.24	$0.30