v3.25.2
Stockholders' Equity (Tables)
 3 Months Ended
May 31, 2025
Stockholders’ Equity [Abstract]  
Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity

The Company adopted Rule 3-04/Rule 8-03(a)(5) under Regulation S-X (Note 2). Pursuant to Regulation S-X, the Company has presented a reconciliation of the changes in each significant caption of stockholders’ equity as shown in the tables below: 

 

          Capital   Total Distributable     
   Common Stock    in Excess   Earning     
   Shares   Amount   of Par Value   (Loss)   Net Assets 
Balance at February 29, 2024   13,653,476   $13,654   $371,081,199   $(870,745)  $370,224,108 
Increase (Decrease) from Operations:                         
Net investment income   -    
-
    
-
    14,335,005    14,335,005 
Net realized gain (loss) from investments   -    
-
    
-
    (21,194,997)   (21,194,997)
Net change in unrealized appreciation (depreciation) on investments   -    
-
    
-
    13,931,431    13,931,431 
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments   -    
-
    
-
    (461,001)   (461,001)
Decrease from Shareholder Distributions:                         
Distributions of investment income   -    
-
    
-
    (9,967,036)   (9,967,036)
Capital Share Transactions:                         
Proceeds from issuance of common stock   -    
-
    
-
    
-
    
-
 
Capital contribution from Manager   -    
-
    
-
    
-
    
-
 
Stock dividend distribution   45,490    45    987,527    
-
    987,572 
Offering costs   -    
-
    
-
    
-
    
-
 
Balance at May 31, 2024   13,698,966   $13,699   $372,068,726   $(4,227,343)  $367,855,082 
Increase (Decrease) from Operations:                         
Net investment income   -    
-
    
-
    18,197,398    18,197,398 
Net realized gain (loss) from investments   -    
-
    
-
    (33,448,727)   (33,448,727)
Net change in unrealized appreciation (depreciation) on investments   -    
-
    
-
    28,728,155    28,728,155 
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments   -    
-
    
-
    (159,187)   (159,187)
Decrease from Shareholder Distributions:                         
Distributions of investment income   -    
-
    
-
    (10,137,233)   (10,137,233)
Capital Share Transactions:                         
Stock dividend distribution   46,803    47    1,018,307    
-
    1,018,354 
Balance at August 31, 2024  $13,745,769   $13,746   $373,087,033   $(1,046,937)  $372,053,842 
Increase (Decrease) from Operations:                         
Net investment income   -    
-
    
-
    12,435,655    12,435,655 
Net realized gain (loss) from investments   -    
-
    
-
    5,444,745    5,444,745 
Net change in unrealized appreciation (depreciation) on investments   -    
-
    
-
    (8,918,583)   (8,918,583)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments   -    
-
    
-
    (126,875)   (126,875)
Decrease from Shareholder Distributions:                         
Distributions of investment income   -    
-
    
-
    (10,171,868)   (10,171,868)
Capital Share Transactions:                         
Proceeds from issuance of common stock   108,438    108    2,777,318    
-
    2,777,426 
Capital contribution from Manager   -    
-
    199,652    
-
    199,652 
Stock dividend distribution   54,999    55    1,214,181    
-
    1,214,236 
Offering costs   -    
-
    (42,575)   
-
    (42,575)
Balance at November 30, 2024  $13,909,206   $13,909   $377,235,609   $(2,383,863)  $374,865,655 
           Capital   Total
Distributable		     
   Common Stock   in Excess   Earning     
   Shares   Amount   of Par Value   (Loss)   Net Assets 
Increase (Decrease) from Operations:                    
Net investment income   -    
-
    
-
    8,034,545    8,034,545 
Net realized gain (loss) from investments   -    
-
    
-
    7,169,655    7,169,655 
Income tax (provision) benefit from realized gain on investments   -    
-
    
-
    
-
    
-
 
Realized losses on extinguishment of debt   -    
-
    
-
    (800,452)   (800,452)
Net change in unrealized appreciation (depreciation) on investments   -    
-
    
-
    (14,766,637)   (14,766,637)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments   -    
-
    
-
    (313,873)   (313,873)
Decrease from Shareholder Distributions:                         
Distributions of investment income   -    
-
    
-
    (15,548,742)   (15,548,742)
Capital Share Transactions:                         
Proceeds from issuance of common stock   1,192,400    1,193    30,223,409    
-
    30,224,602 
Capital contribution from Manager   -    
-
    2,152,115    
-
    2,152,115 
Stock dividend distribution   81,472    81    1,857,389    
-
    1,857,470 
Offering costs   -    
-
    (208,870)   
-
    (208,870)
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles   -    
-
    1,653,945    (1,653,945)   
-
 
Balance at February 28, 2025  $15,183,078   $15,183   $412,913,597   $(20,263,312)  $392,665,468 
Increase (Decrease) from Operations:                         
Net investment income   -    
-
    
-
    10,142,032    10,142,032 
Net realized gain (loss) from investments   -    
-
    
-
    2,901,339    2,901,339 
Income tax (provision) benefit from realized gain on investments   -    
-
    
-
    
-
    
-
 
Realized losses on extinguishment of debt   -    
-
    
-
    
-
    
-
 
Net change in unrealized appreciation (depreciation) on investments   -    
-
    
-
    943,977    943,977 
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments   -    
-
    
-
    (55,085)   (55,085)
Decrease from Shareholder Distributions:                         
Distributions of investment income   -    
-
    
-
    (18,980,079)   (18,980,079)
Capital Share Transactions:                         
Proceeds from issuance of common stock   244,831    245    6,143,575    
-
    6,143,820 
Capital contribution from Manager   -    
-
    297,770    
-
    297,770 
Stock dividend distribution   101,482    101    2,312,052    
-
    2,312,153 
Offering costs   -    
-
    (2,080)   
-
    (2,080)
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles   -    
-
         
-
    - 
Balance at May 31, 2025  $15,529,391   $15,529   $421,664,914   $(25,311,128)  $396,369,315