PER SHARE INFORMATION

9 Months Ended

Sep. 30, 2023

PER SHARE INFORMATION

PER-SHARE INFORMATION

NOTE 10 – PER-SHARE INFORMATION

Basic net gain (loss) per common share is computed by dividing net increase in net assets resulting from operations by the weighted-average number of common shares outstanding during the period. Diluted net gain (loss) per common share is computed by dividing net increase in net assets resulting from operations by the weighted-average number of dilutive common shares outstanding during the period calculated using the Treasury Stock method. The Treasury Stock method assumes that the proceeds received upon exercise of stock options are used to repurchase stock at the average market price during the period, thereby increasing the number of shares to be added in computing diluted earnings per share. A reconciliation of the numerator and denominator used in the calculation of basic and diluted net gain (loss) per common share is set forth below:

	For the Three Months Ended September 30,
	2023				2022
	Basic		Diluted		Basic			Diluted
Numerator:  Net increase in net assets resulting from operations	$	369,560	$	369,560	$	(36,126	)	$	(36,126	)
Denominator:  Weighted-average number of common shares outstanding		6,241,777		6,358,345		5,512,737			5,512,737
Basic and diluted net gain (loss) per common share	$	0.06	$	0.06	$	(0.01	)	$	(0.01	)

	For the Nine Months Ended September 30,
	2023						2022
	Basic			Diluted			Basic		Diluted
Numerator:  Net increase (decrease) in net assets resulting from operations	$	(277,763	)	$	(277,763	)	$	893,993	$	893,993
Denominator:  Weighted-average number of common shares outstanding		6,204,303			6,204,303			5,045,830		5,045,830
Basic and diluted net gain (loss) per common share	$	(0.04	)	$	(0.04	)	$	0.18	$	0.18