Earnings Per Share

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Note 9. 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, 2022 and September 30, 2021, 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, 2022 and September 30, 2021.

	For the Three Months Ended September 30					For the Nine Months Ended September 30
	2022			2021		2022			2021
Net increase (decrease) in net assets resulting from operations	$	(6,755,673	)	$	4,726,127	$	(75,518,591	)	$	15,107,281
Weighted average shares of common stock   outstanding - basic and diluted		23,214,683			14,429,113		22,986,437			13,431,233
Earnings (loss) per share of common stock - basic and diluted	$	(0.29	)	$	0.33	$	(3.29	)	$	1.12