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NET CHANGE IN NET ASSETS RESULTING FROM OPERATIONS PER COMMON SHARE—BASIC AND DILUTED (Tables)
 12 Months Ended
Dec. 31, 2025
Net Change in Net Assets Resulting from Operations per Common Share:  
SCHEDULE OF BASIC AND DILUTED COMMON SHARE

The following information sets forth the computation of basic and diluted net change in net assets resulting from operations per common share, pursuant to ASC 260, for the years ended December 31, 2025, 2024 and 2023.

 

   2025   2024   2023 
   Year Ended December 31, 
   2025   2024   2023 
Earnings per common share–basic:               
Net change in net assets resulting from operations  $48,808,336  $(38,124,247)  $5,066,822
Weighted-average common shares–basic   24,225,991    23,901,805    26,222,667 
Earnings per common share–basic  $2.01  $(1.60)  $0.19
Earnings per common share–diluted:               
Net change in net assets resulting from operations  $48,808,336  $(38,124,247)  $5,066,822
Adjustment for interest and amortization on 6.50% Convertible Notes due 2029(1)   2,499,717    —    — 
Net change in net assets resulting from operations, as adjusted  $51,308,053  $(38,124,247)  $5,066,822
Adjustment for dilutive effect of 6.50% Convertible Notes due 2029(1)   4,563,109    —    — 
Weighted-average common shares outstanding–diluted(1)   28,789,100    23,901,805    26,222,627 
Earnings per common share–diluted  $1.78  $(1.60)  $0.19

 

(1)For the year ended December 31, 2024, 3,870,969 potentially dilutive common shares were excluded from the weighted-average common shares outstanding for diluted net decrease in net assets resulting from operations per common shares because the effect of these shares would have been anti-dilutive. For the year ended December 31, 2023, there were no potentially dilutive securities outstanding.