Earnings Per Share

3 Months Ended

Mar. 31, 2025

Note 10. Earnings Per Share

In accordance with the provisions of ASC Topic 260, Earnings per Share (“ASC 260”), 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. As of each of March 31, 2025 and March 31, 2024, there were no dilutive shares.

The following table sets forth the computation of basic and diluted earnings per share of common stock for the three months ended March 31, 2025 and March 31, 2024:


	For the Three Months Ended March 31,
	2025			2024
Net increase (decrease) in net assets resulting from operations	$	(8,389,211	)	$	22,880,140
Weighted average shares of common stock outstanding - basic and diluted		32,602,053			31,594,552
Earnings (loss) per share of common stock - basic and diluted	$	(0.26	)	$	0.72