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Earnings Per Share
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

Note 10. Earnings Per Share

In accordance with the provisions of ASC Topic 260, Earnings per Share (“ASC 260”), basic earnings per share is computed by dividing earnings available to common stockholders by the weighted average number of shares outstanding during the period. Other potentially dilutive common shares, and the related impact to earnings, are considered when calculating earnings per share on a diluted basis. As of each of September 30, 2024 and September 30, 2023, there were no dilutive shares.

The following table sets forth the computation of basic and diluted earnings per share of common stock for the three and nine months ended September 30, 2024 and September 30, 2023.

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net increase (decrease) in net assets resulting from operations

 

$

7,555,185

 

 

$

33,853,088

 

 

$

35,748,138

 

 

$

85,882,073

 

Weighted average shares of common stock outstanding - basic and diluted

 

 

32,613,897

 

 

 

26,016,761

 

 

 

32,260,537

 

 

 

25,359,324

 

Earnings (loss) per share of common stock - basic and diluted

 

$

0.23

 

 

$

1.30

 

 

$

1.11

 

 

$

3.39