v3.26.1
Consolidated Statements of Assets and Liabilities (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Non-controlled/non-affiliated investments, at fair value (amortized cost of $258,466 and $254,405, respectively) $ 255,613 $ 253,989
Cash and cash equivalents 6,959 7,214
Restricted cash 4,307 7,350
Interest and dividends receivable 618 603
Prepaid expenses and other assets 116 235
Total assets 267,613 269,391
LIABILITIES    
Credit facility, net of unamortized debt issuance cost (1) [1] 49,830 75,036
Financing costs payable 1,667 1,667
Subscriptions received in advance 4,307 7,350
Interest payable 263 436
Dividends payable 3,582 3,218
Management fees payable 0 31
Accrued professional fees 160 435
Accrued expenses and other liabilities 748 834
Total liabilities 60,557 89,007
Commitments and contingencies (Note 8)
NET ASSETS    
Preferred shares, $0.001 par value, 50,000,000 shares authorized, 332,696 and 332,696 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively, at carrying value plus cumulative accrued and unpaid dividends 3,327 3,327
Net Assets Applicable to Common Shares 203,729 177,057
Common shares, $0.001 par value, 150,000,000 shares authorized; 20,685,411 and 17,742,363 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 21 18
Additional paid in capital 206,473 177,154
Distributable earnings (losses) (2,765) (115)
Net Assets Applicable to Common Shares $ 203,729 $ 177,057
Net Asset Value Per Common Share (in dollars per share) $ 9.85 [2] $ 9.98
[1] As of June 30, 2026, Credit facility is reflected net of borrowings outstanding of $52,300 and unamortized debt issuance cost of ($2,470). As of December 31, 2025, Credit facility is reflected net of borrowings outstanding of $77,800 and unamortized debt issuance cost of ($2,764).
[2] The per share data was derived by using the shares of Common Stock outstanding during the period.