v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
May 31, 2026
May 31, 2025
Payment in kind interest income:    
Total interest from investments $ 28,115,075 $ 28,003,926
Interest from cash and cash equivalents 554,386 2,027,211
Management fee income 544,988 705,175
Dividend income:    
Total dividend from investments 778,852 998,601
Structuring and advisory fee income 656,363 264,375
Other income 127,261 319,329
Total investment income 30,776,925 32,318,617
OPERATING EXPENSES    
Interest and debt financing expenses 13,650,283 12,451,865
Base management fees 4,970,053 4,333,332
Incentive management fees expense (benefit) 1,892,061 2,536,513
Professional fees 531,236 699,200
Administrator expenses 1,350,000 1,250,000
Insurance 80,598 74,310
Directors fees and expenses 126,000 131,500
General and administrative 600,266 645,411
Income tax expense (benefit) (16,559) 54,454
Total operating expenses 23,183,938 22,176,585
NET INVESTMENT INCOME 7,592,987 10,142,032
Net realized gain (loss) from investments:    
Net realized gain (loss) from investments 150,207 2,901,339
Net change in unrealized appreciation (depreciation) on investments:    
Net change in unrealized appreciation (depreciation) on investments (15,177,131) 943,977
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments 530,824 (55,085)
Net realized and unrealized gain (loss) on investments (14,496,100) 3,790,231
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (6,903,113) $ 13,932,263
WEIGHTED AVERAGE - BASIC EARNINGS (LOSS) PER COMMON SHARE (in Dollars per share) $ (0.42) $ 0.91
WEIGHTED AVERAGE - DILUTED EARNINGS (LOSS) PER COMMON SHARE (in Dollars per share) $ (0.42) $ 0.91
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in Shares) 16,252,548 15,344,510
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in Shares) 16,252,548 15,344,510
Non-control/Non-affiliate investments    
Interest income:    
Interest Income $ 26,005,778 $ 25,464,663
Payment in kind interest income:    
Payment in kind interest income 173,291 168,229
Dividend income:    
Total dividend from investments 562,183
Net realized gain (loss) from investments:    
Net realized gain (loss) from investments (488,148) 2,262,984
Net change in unrealized appreciation (depreciation) on investments:    
Net change in unrealized appreciation (depreciation) on investments (11,927,184) 372,148
Affiliate investments    
Interest income:    
Interest Income 726,094 595,624
Payment in kind interest income:    
Payment in kind interest income 503,610 584,749
Total interest from investments 1,229,705  
Management fee income  
Net change in unrealized appreciation (depreciation) on investments:    
Net change in unrealized appreciation (depreciation) on investments (2,418,612) (45,944)
Control investments    
Interest income:    
Interest Income 686,716 1,190,661
Payment in kind interest income:    
Realized losses on extinguishment of debt 19,586
Total interest from investments 706,302  
Management fee income 544,988  
Dividend income:    
Total dividend from investments 778,852 436,418
Net realized gain (loss) from investments:    
Net realized gain (loss) from investments 638,355 638,355
Net change in unrealized appreciation (depreciation) on investments:    
Net change in unrealized appreciation (depreciation) on investments $ (831,335) $ 617,773