v3.26.1
Stockholders’ Equity (Tables)
 3 Months Ended
May 31, 2026
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     
   Common Stock   in Excess   Distributable     
   Shares   Amount   of Par Value   Earnings (Loss)   Net Assets 
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 
Net investment income   -    
-
    
-
    9,080,733    9,080,733 
Net realized gain (loss) from investments   -    
-
    
-
    52,691    52,691 
Income tax (provision) benefit from realized gain on investments   -    
-
    
-
    
-
    
-
 
Realized losses on extinguishment of debt   -    
-
    
-
    
-
    
-
 
Net change in unrealized appreciation (depreciation) on investments   -    
-
    
-
    3,727,713    3,727,713 
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments   -    
-
    
-
    423,998    423,998 
Decrease from Shareholder Distributions:                  -      
Distributions of investment income   -    
-
    
-
    (11,797,313)   (11,797,313)
Capital Share Transactions:                         
Proceeds from issuance of common stock   443,406    443    11,101,401    
-
    11,101,844 
Capital contribution from Manager   -    
-
    271,552    
-
    271,552 
Stock dividend distribution   54,515    55    1,289,733    
-
    1,289,788 
Offering costs   -    
-
    (20,753)   
-
    (20,753)
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles   -    
-
         
-
    
-
 
Balance at August 31, 2025  $16,027,312   $16,027   $434,306,847   $(23,823,306)  $410,499,568 
           Capital   Total     
   Common Stock   in Excess   Distributable     
   Shares   Amount   of Par Value   Earnings (Loss)   Net Assets 
Net investment income   -    
-
    
-
    9,786,386    9,786,386 
Net realized gain (loss) from investments   -    
-
    
-
    3,070,547    3,070,547 
Income tax (provision) benefit from realized gain on investments   -    
-
    
-
    
-
    
-
 
Realized losses on extinguishment of debt   -    -    -    -    - 
Net change in unrealized appreciation (depreciation) on investments   -    
-
    
-
    (583,659)   (583,659)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments   -    
-
    
-
    (150,134)   (150,134)
Realized losses on extinguishment of debt   -    
-
    
-
    (123,157)   (123,157)
Decrease from Shareholder Distributions:                         
Distributions of investment income   -    
-
    
-
    (12,078,766)   (12,078,766)
Capital Share Transactions:                         
Proceeds from issuance of common stock   58,962    59    1,507,206    
-
    1,507,265 
Capital contribution from Manager   -    
-
    
-
    
-
    
-
 
Stock dividend distribution   59,124    59    1,281,827    
-
    1,281,886 
Offering costs   -    
-
    (3,024)   
-
    (3,024)
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles   -    
-
    
-
    
-
      
Balance at November 30, 2025  $16,145,398   $16,145   $437,092,856   $(23,902,089)  $413,206,912 
Net investment income   -    
-
    
-
    7,797,648    7,797,648 
Net realized gain (loss) from investments   -    
-
    
-
    (278,087)   (278,087)
Income tax (provision) benefit from realized gain on investments   -    
-
    
-
    
-
    
-
 
Realized losses on extinguishment of debt   -    -    -    -    - 
Net change in unrealized appreciation (depreciation) on investments   -    
-
    
-
    (9,326,511)   (9,326,511)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments   -    
-
    
-
    (105,281)   (105,281)
Realized losses on extinguishment of debt   -    
-
    
-
    (700,853)   (700,853)
Decrease from Shareholder Distributions:                         
Distributions of investment income   -    
-
    
-
    (16,169,750)   (16,169,750)
Capital Share Transactions:                         
Proceeds from issuance of common stock   -    
-
    
-
    
-
    
-
 
Repurchases of common stock   (2,495)   (2)   (54,312)   
-
    (54,314)
Capital contribution from Manager   -    
-
    
-
    
-
    
-
 
Stock dividend distribution   81,295    81    1,785,909    
-
    1,785,990 
Offering costs   -    
-
    
-
    
-
    
-
 
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles   -    
-
    378,024    (378,024)   
 
 
Balance at February 28, 2026  $16,224,198   $16,224   $439,202,477   $(43,062,947)  $396,155,754 
           Capital   Total     
   Common Stock   in Excess   Distributable     
   Shares   Amount   of Par Value   Earnings (Loss)   Net Assets 
Net investment income   -    
-
    
-
    7,592,987    7,592,987 
Net realized gain (loss) from investments   -    
-
    
-
    150,207    150,207 
Income tax (provision) benefit from realized gain on investments   -    
-
    
-
         
-
 
Realized losses on extinguishment of debt   -    -    -         - 
Net change in unrealized appreciation (depreciation) on investments   -    
-
    
-
    (15,177,131)   (15,177,131)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments   -    
-
    
-
    530,824    530,824 
Realized losses on extinguishment of debt   -    
-
    
-
    
-
    
-
 
Decrease from Shareholder Distributions:                       - 
Distributions of investment income   -    
-
    
-
    (12,184,227)   (12,184,227)
Capital Share Transactions:                       - 
Proceeds from issuance of common stock   -    
-
    
-
    
-
    
-
 
Repurchases of common stock   -    
-
    
-
    
-
    
-
 
Capital contribution from Manager        
-
    
-
    
-
    
-
 
Stock dividend distribution   64,827    65    1,386,479    
-
    1,386,544 
Offering costs        
-
         
-
    
-
 
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles        
-
    
-
    
-
    
-
 
Balance at May 31, 2026  $16,289,025   $16,289   $440,588,956   $(62,150,287)  $378,454,958