v3.26.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 29, 2024
Payment in kind interest income:      
Total interest from investments $ 106,898,012 $ 131,021,941 $ 127,785,225
Interest from cash and cash equivalents 7,882,863 6,530,315 2,512,416
Management fee income 2,586,517 3,114,466 3,270,232
Dividend income:      
Total dividend from investments 4,547,999 4,561,831 6,532,962
Structuring and advisory fee income 2,248,663 1,582,822 2,149,751
Other income 1,548,860 2,043,863 1,469,320
Total investment income 125,712,914 148,855,238 143,719,906
OPERATING EXPENSES      
Interest and debt financing expenses 49,302,541 52,059,045 49,179,899
Base management fees 17,769,904 18,382,404 19,212,337
Incentive management fees expense (benefit) 9,230,457 13,254,402 8,025,468
Professional fees 2,817,292 2,058,003 1,767,015
Administrator expenses 5,233,333 4,708,333 3,872,917
Insurance 300,480 303,859 322,323
Directors fees and expenses 430,000 366,500 351,297
General and administrative 2,226,257 1,901,592 2,241,579
Income tax expense (benefit) (138,168) 412,032 42,926
Excise tax expense (benefit) 1,734,018 2,406,465 1,829,837
Total operating expenses 88,906,114 95,852,635 86,845,598
NET INVESTMENT INCOME 36,806,800 53,002,603 56,874,308
Net realized gain (loss) from investments:      
Net realized gain (loss) from investments 5,746,490 (42,029,324) 153,583
Net change in unrealized appreciation (depreciation) on investments:      
Net change in unrealized appreciation (depreciation) on investments (5,238,480) 18,974,366 (47,090,844)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments 113,498 (1,060,936) (893,166)
Net realized and unrealized gain (loss) on investments 621,508 (24,115,894) (47,830,427)
Realized losses on extinguishment of debt (824,010) (800,452) (110,056)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ 36,604,298 $ 28,086,257 $ 8,933,825
WEIGHTED AVERAGE - BASIC EARNINGS (LOSS) PER COMMON SHARE (in Dollars per share) $ 2.31 $ 2.02 $ 0.71
WEIGHTED AVERAGE - DILUTED EARNINGS (LOSS) PER COMMON SHARE (in Dollars per share) $ 2.31 $ 2.02 $ 0.71
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in Shares) 15,850,270 13,912,170 12,670,939
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in Shares) 15,850,270 13,912,170 12,670,939
Non-control/Non-affiliate investments      
Interest income:      
Interest Income $ 96,061,236 $ 119,478,418 $ 113,521,652
Payment in kind interest income:      
Payment in kind interest income 571,084 2,245,934 766,697
Dividend income:      
Total dividend from investments 1,243,291 588,247 621,398
Net realized gain (loss) from investments:      
Net realized gain (loss) from investments 5,108,135 12,534,746 153,583
Net change in unrealized appreciation (depreciation) on investments:      
Net change in unrealized appreciation (depreciation) on investments (7,180,617) 27,693,311 (24,167,727)
Affiliate investments      
Interest income:      
Interest Income 2,654,020 1,883,615 3,299,816
Payment in kind interest income:      
Payment in kind interest income 2,314,014 1,479,391 874,226
Total interest from investments 4,968,034 3,363,006  
Management fee income  
Net change in unrealized appreciation (depreciation) on investments:      
Net change in unrealized appreciation (depreciation) on investments 938,098 1,301,899 (1,541,829)
Control investments      
Interest income:      
Interest Income 5,176,943 5,649,993 8,507,909
Payment in kind interest income:      
Payment in kind interest income 120,715 284,590 814,925
Dividend income:      
Total dividend from investments 3,304,708 3,973,584 5,911,564
Net realized gain (loss) from investments:      
Net realized gain (loss) from investments 638,355 (54,564,070)
Net change in unrealized appreciation (depreciation) on investments:      
Net change in unrealized appreciation (depreciation) on investments $ 1,004,039 $ (10,020,844) $ (21,381,288)