v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment Income:        
Other income $ 8   $ 16  
Total investment income 9,708 $ 4,080 18,241 $ 7,405
Expenses:        
Management fees 2,323 1,536 4,408 3,084
Interest expense and other financing costs 1,544 149 2,045 297
Professional fees 247 221 585 358
Administration fees 318 318 636 635
General and administrative expenses 346 172 628 298
Legal fees 197 219 479 438
Incentive fees 329   694  
Board fees 111 107 231 215
Total operating expenses 5,415 2,722 9,706 5,325
Net investment income (loss) 4,293 1,358 8,535 2,080
Net realized gain (loss)        
Net realized gain (loss) 69   69  
Net change in unrealized appreciation (depreciation)        
Net change in unrealized appreciation (depreciation) from investments (859) 37 (733) (298)
Net increase (decrease) in net assets resulting from operations $ 3,503 $ 1,395 $ 7,871 $ 1,782
Per share data:        
Net investment income (loss) per share, (in dollars per share) $ 0.19 $ 0.1 $ 0.38 $ 0.17
Net increase (decrease) in net assets resulting from operations per share, basic (in dollars per share) 0.16 0.1 0.35 0.15
Net increase (decrease) in net assets resulting from operations per share, diluted (in dollars per share) $ 0.16 $ 0.1 $ 0.35 $ 0.15
Weighted average shares outstanding, basic (in shares) 22,477,014 13,393,460 22,418,248 12,179,062
Weighted average shares outstanding, diluted (in shares) 22,477,014 13,393,460 22,418,248 12,179,062
Controlled affiliated investments        
Net change in unrealized appreciation (depreciation)        
Net change in unrealized appreciation (depreciation) from investments $ 21   $ 21  
Non-controlled /non-affiliated investments        
Investment Income:        
Interest income from non-controlled/non-affiliated investments 9,593 $ 3,212 18,006 $ 5,852
Net realized gain (loss)        
Net realized gain (loss) 69   69  
Net change in unrealized appreciation (depreciation)        
Net change in unrealized appreciation (depreciation) from investments (880) 37 (754) (298)
Cash and cash equivalents        
Investment Income:        
Interest income from non-controlled/non-affiliated investments $ 107 $ 868 $ 219 $ 1,553