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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Nov. 30, 2022
Nov. 30, 2021
Interest income:        
Non-control/Non-affiliate investments $ 19,549,044 $ 11,152,851 $ 49,597,660 $ 33,687,612
Affiliate investments 1,914,800 1,055,947 4,287,449 2,332,967
Control investments 1,671,354 1,702,096 4,731,150 5,616,182
Payment-in-kind interest income:        
Non-control/Non-affiliate investments 87,130 115,724 258,557 1,002,819
Affiliate investments 191,860 221,027
Control investments 102,720 110,737 260,161 298,383
Total interest from investments 23,516,908 14,137,355 59,356,004 42,937,963
Interest from cash and cash equivalents 200,258 968 235,410 2,561
Management fee income 818,254 815,739 2,451,242 2,448,593
Dividend Income 436,941 537,621 949,758 1,595,119
Structuring and advisory fee income 553,497 582,500 2,813,311 2,922,625
Other income 731,166 427,921 983,277 1,852,916
Total investment income 26,257,024 16,502,104 66,789,002 51,759,777
OPERATING EXPENSES        
Interest and debt financing expenses 8,449,900 4,842,900 23,243,438 14,367,996
Base management fees 4,258,821 2,923,676 12,164,989 8,684,681
Incentive management fees expense (benefit) 1,531,060 2,417,628 216,915 9,698,327
Professional fees 558,531 (104,438) 1,344,021 863,376
Administrator expenses 818,750 750,000 2,341,667 2,156,250
Insurance 89,187 85,399 266,723 258,035
Directors fees and expenses 80,000 73,096 300,000 265,596
General and administrative 525,202 357,727 1,492,063 1,301,603
Income tax expense (benefit) 68,136 (40,519) (132,487) 18,082
Total operating expenses 16,379,587 11,305,469 41,237,329 37,613,946
NET INVESTMENT INCOME 9,877,437 5,196,635 25,551,673 14,145,831
Net realized gain (loss) from investments:        
Non-control/Non-affiliate investments (740,434) 2,588,468 7,365,913 6,140,073
Affiliate investments 7,328,457 7,328,457
Control investments (139,867)
Net realized gain (loss) from investments (740,434) 9,916,925 7,365,913 13,328,663
Income tax (provision) benefit from realized gain on investments 479,318 (2,447,173) 548,568 (2,896,056)
Net change in unrealized appreciation (depreciation) on investments:        
Non-control/Non-affiliate investments 2,082,634 3,887,216 (12,430,125) 11,593,037
Affiliate investments 693,483 (7,412,673) 3,861,523 (1,668,686)
Control investments (5,952,325) (2,517,159) (17,199,511) 4,222,150
Net change in unrealized appreciation (depreciation) on investments (3,176,208) (6,042,616) (25,768,113) 14,146,501
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments (425,848) 2,480,465 (1,017,953) 921,610
Net realized and unrealized gain (loss) on investments (3,863,172) 3,907,601 (18,871,585) 25,500,718
Realized losses on extinguishment of debt (764,123) (1,204,809) (2,316,263)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ 6,014,265 $ 8,340,113 $ 5,475,279 $ 37,330,286
WEIGHTED AVERAGE - BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE (in Dollars per share) $ 0.51 $ 0.73 $ 0.46 $ 3.3
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC AND DILUTED (in Shares) 11,893,173 11,450,861 11,989,811 11,312,991