v3.26.1
STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Investment Income:    
Total interest income $ 6,720 $ 7,966
Total dividend income 2,705 3,612
Total other income 119 917
Total investment income 9,544 12,495
Expenses:    
Management fees 1,072 1,272
Incentive fees 543 1,150
Administration fees 510 355
Custody fees 35 38
Directors’ fees 54 53
Professional services 514 424
Interest expense 4,256 4,251
Other expenses 296 308
Total expenses 7,280 7,851
Incentive fee waiver (2,810)  
Net expenses 4,470 7,851
Net investment income before taxes 5,074 4,644
Excise tax 91 68
Net investment income 4,983 4,576
Net realized and unrealized gains (losses):    
Total net realized gain (loss) 2,630 264
Total net change in unrealized appreciation (depreciation) (8,358) (4,387)
Net realized and unrealized gains (losses) (5,728) (4,123)
Net increase (decrease) in net assets resulting from operations $ (745) $ 453
Earnings per share, basic $ (0.05) $ 0.04
Earnings per share,diluted $ (0.05) $ 0.04
Weighted average shares outstanding basic 13,984,828 11,544,415
Weighted average shares outstanding diluted 13,984,828 11,544,415
Non-affiliated, Non-controlled Investments    
Investment Income:    
Total interest income $ 5,089 $ 6,402
Total dividend income 159 236
Total other income 119 743
Net realized and unrealized gains (losses):    
Total net realized gain (loss) 2,632 264
Total net change in unrealized appreciation (depreciation) (3,851) (2,066)
Non-affiliated, non-controlled investments (PIK)    
Investment Income:    
Total interest income 819 611
Total other income   174
Controlled Investments    
Investment Income:    
Total interest income 812 953
Total dividend income 2,546 3,376
Net realized and unrealized gains (losses):    
Total net change in unrealized appreciation (depreciation) (4,507) $ (2,321)
Realized Loss on Repurchase of Debt    
Net realized and unrealized gains (losses):    
Total net realized gain (loss) $ (2)