10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000950170-23-037546 |
| Period End Date | 20230630 |
| Filing Date | 20230803 |
| Fiscal Year | 2023 |
| Fiscal Period | Q2 |
| XBRL Instance | gecc-20230630_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
4 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Investments at Fair Value |
InvestmentOwnedAtFairValue
|
$314.57M | USD | Point-in-time |
| Investments at Fair Value |
InvestmentOwnedAtFairValue
|
$301.08M | USD | Point-in-time |
| Percentage of Net Assets |
InvestmentOwnedPercentOfNetAssets
|
3.39 | pure | Point-in-time |
| Percentage of Net Assets |
InvestmentOwnedPercentOfNetAssets
|
3.55 | pure | Point-in-time |
Income Statement
101 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total interest income |
InterestIncomeOperating
|
$7.08M | USD | 1 Quarter |
| Total interest income |
InterestIncomeOperating
|
$3.73M | USD | 1 Quarter |
| Total interest income |
InterestIncomeOperating
|
$13.71M | USD | 2 Qtrs |
| Total interest income |
InterestIncomeOperating
|
$7.78M | USD | 2 Qtrs |
| Total dividend income |
DividendIncomeOperating
|
$1.96M | USD | 2 Qtrs |
| Total dividend income |
DividendIncomeOperating
|
$1.39M | USD | 1 Quarter |
| Total dividend income |
DividendIncomeOperating
|
$2.66M | USD | 2 Qtrs |
| Total dividend income |
DividendIncomeOperating
|
$1.03M | USD | 1 Quarter |
| Total other income |
OtherInterestAndDividendIncome
|
$390.00K | USD | 1 Quarter |
| Total other income |
OtherInterestAndDividendIncome
|
$1.72M | USD | 2 Qtrs |
| Total other income |
OtherInterestAndDividendIncome
|
$640.00K | USD | 2 Qtrs |
| Total other income |
OtherInterestAndDividendIncome
|
$869.00K | USD | 1 Quarter |
| Total investment income |
InterestAndDividendIncomeOperating
|
$17.39M | USD | 2 Qtrs |
| Total investment income |
InterestAndDividendIncomeOperating
|
$8.98M | USD | 1 Quarter |
| Total investment income |
InterestAndDividendIncomeOperating
|
$5.51M | USD | 1 Quarter |
| Total investment income |
InterestAndDividendIncomeOperating
|
$11.07M | USD | 2 Qtrs |
| Management fees |
ManagementFeeExpense
|
$1.75M | USD | 2 Qtrs |
| Management fees |
ManagementFeeExpense
|
$884.00K | USD | 1 Quarter |
| Management fees |
ManagementFeeExpense
|
$1.55M | USD | 2 Qtrs |
| Management fees |
ManagementFeeExpense
|
$771.00K | USD | 1 Quarter |
| Incentive fees |
IncentiveFeeExpenseReversal
|
$1.55M | USD | 2 Qtrs |
| Incentive fees |
IncentiveFeeExpenseReversal
|
$842.00K | USD | 1 Quarter |
| Administration fees |
AdministrativeFeesExpense
|
$341.00K | USD | 1 Quarter |
| Administration fees |
AdministrativeFeesExpense
|
$262.00K | USD | 1 Quarter |
| Administration fees |
AdministrativeFeesExpense
|
$483.00K | USD | 2 Qtrs |
| Administration fees |
AdministrativeFeesExpense
|
$636.00K | USD | 2 Qtrs |
| Custody fees |
CustodyFees
|
$28.00K | USD | 2 Qtrs |
| Custody fees |
CustodyFees
|
$43.00K | USD | 2 Qtrs |
| Custody fees |
CustodyFees
|
$14.00K | USD | 1 Quarter |
| Custody fees |
CustodyFees
|
$21.00K | USD | 1 Quarter |
| Directors fees |
NoninterestExpenseDirectorsFees
|
$107.00K | USD | 2 Qtrs |
| Directors fees |
NoninterestExpenseDirectorsFees
|
$44.00K | USD | 1 Quarter |
| Directors fees |
NoninterestExpenseDirectorsFees
|
$53.00K | USD | 1 Quarter |
| Directors fees |
NoninterestExpenseDirectorsFees
|
$105.00K | USD | 2 Qtrs |
| Professional services |
ProfessionalFees
|
$373.00K | USD | 1 Quarter |
| Professional services |
ProfessionalFees
|
$791.00K | USD | 2 Qtrs |
| Professional services |
ProfessionalFees
|
$434.00K | USD | 1 Quarter |
| Professional services |
ProfessionalFees
|
$970.00K | USD | 2 Qtrs |
| Interest expense |
InterestExpenseDebt
|
$2.77M | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$5.34M | USD | 2 Qtrs |
| Interest expense |
InterestExpenseDebt
|
$5.59M | USD | 2 Qtrs |
| Interest expense |
InterestExpenseDebt
|
$2.67M | USD | 1 Quarter |
| Other expenses |
OtherExpenses
|
$503.00K | USD | 2 Qtrs |
| Other expenses |
OtherExpenses
|
$194.00K | USD | 1 Quarter |
| Other expenses |
OtherExpenses
|
$385.00K | USD | 2 Qtrs |
| Other expenses |
OtherExpenses
|
$265.00K | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$4.33M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$8.68M | USD | 2 Qtrs |
| Total expenses |
OperatingExpenses
|
$5.61M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$11.15M | USD | 2 Qtrs |
| Incentive fee waiver |
IncentiveFeeWaiver
|
$4.85M | USD | 2 Qtrs |
| Net expenses |
InvestmentCompanyExpenseAfterReductionOfFeeWaiverAndReimbursement
|
$5.61M | USD | 1 Quarter |
| Net expenses |
InvestmentCompanyExpenseAfterReductionOfFeeWaiverAndReimbursement
|
$4.33M | USD | 1 Quarter |
| Net expenses |
InvestmentCompanyExpenseAfterReductionOfFeeWaiverAndReimbursement
|
$11.15M | USD | 2 Qtrs |
| Net expenses |
InvestmentCompanyExpenseAfterReductionOfFeeWaiverAndReimbursement
|
$3.83M | USD | 2 Qtrs |
| Net investment income before taxes |
NetInvestmentIncome
|
$6.24M | USD | 2 Qtrs |
| Net investment income before taxes |
NetInvestmentIncome
|
$1.19M | USD | 1 Quarter |
| Net investment income before taxes |
NetInvestmentIncome
|
$7.24M | USD | 2 Qtrs |
| Net investment income before taxes |
NetInvestmentIncome
|
$3.37M | USD | 1 Quarter |
| Excise tax |
ExciseTax
|
$28.00K | USD | 2 Qtrs |
| Excise tax |
ExciseTax
|
$101.00K | USD | 2 Qtrs |
| Net investment income |
InvestmentIncomeNet
|
$1.19M | USD | 1 Quarter |
| Net investment income |
InvestmentIncomeNet
|
$6.21M | USD | 2 Qtrs |
| Net investment income |
InvestmentIncomeNet
|
$3.37M | USD | 1 Quarter |
| Net investment income |
InvestmentIncomeNet
|
$7.14M | USD | 2 Qtrs |
| Total net realized gain (loss) |
RealizedInvestmentGainsLosses
|
$-109.75M | USD | 1 Quarter |
| Total net realized gain (loss) |
RealizedInvestmentGainsLosses
|
$542.00K | USD | 1 Quarter |
| Total net realized gain (loss) |
RealizedInvestmentGainsLosses
|
$2.39M | USD | 2 Qtrs |
| Total net realized gain (loss) |
RealizedInvestmentGainsLosses
|
$-129.68M | USD | 2 Qtrs |
| Total net change in unrealized appreciation (depreciation) |
UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax
|
$4.77M | USD | 2 Qtrs |
| Total net change in unrealized appreciation (depreciation) |
UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax
|
$104.05M | USD | 1 Quarter |
| Total net change in unrealized appreciation (depreciation) |
UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax
|
$112.92M | USD | 2 Qtrs |
| Total net change in unrealized appreciation (depreciation) |
UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax
|
$1.29M | USD | 1 Quarter |
| Net realized and unrealized gains (losses) |
GainLossOnInvestments
|
$-5.71M | USD | 1 Quarter |
| Net realized and unrealized gains (losses) |
GainLossOnInvestments
|
$7.16M | USD | 2 Qtrs |
| Net realized and unrealized gains (losses) |
GainLossOnInvestments
|
$-16.77M | USD | 2 Qtrs |
| Net realized and unrealized gains (losses) |
GainLossOnInvestments
|
$1.83M | USD | 1 Quarter |
| Net increase (decrease) in net assets resulting from operations |
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
|
$-4.52M | USD | 1 Quarter |
| Net increase (decrease) in net assets resulting from operations |
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
|
$5.20M | USD | 1 Quarter |
| Net increase (decrease) in net assets resulting from operations |
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
|
$-9.63M | USD | 2 Qtrs |
| Net increase (decrease) in net assets resulting from operations |
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
|
$13.36M | USD | 2 Qtrs |
| Net investment income per share (basic and diluted): |
InvestmentCompanyInvestmentIncomeLossPerShare
|
$0.44 | USD | 1 Quarter |
| Net investment income per share (basic and diluted): |
InvestmentCompanyInvestmentIncomeLossPerShare
|
$0.23 | USD | 1 Quarter |
| Net investment income per share (basic and diluted): |
InvestmentCompanyInvestmentIncomeLossPerShare
|
$0.82 | USD | 2 Qtrs |
| Net investment income per share (basic and diluted): |
InvestmentCompanyInvestmentIncomeLossPerShare
|
$1.46 | USD | 2 Qtrs |
| Earnings per share, basic |
EarningsPerShareBasic
|
$0.68 | USD | 1 Quarter |
| Earnings per share, basic |
EarningsPerShareBasic
|
$-0.87 | USD | 1 Quarter |
| Earnings per share, basic |
EarningsPerShareBasic
|
$-1.97 | USD | 2 Qtrs |
| Earnings per share, basic |
EarningsPerShareBasic
|
$1.76 | USD | 2 Qtrs |
| Earnings per share,diluted |
EarningsPerShareDiluted
|
$1.76 | USD | 2 Qtrs |
| Earnings per share,diluted |
EarningsPerShareDiluted
|
$-1.97 | USD | 2 Qtrs |
| Earnings per share,diluted |
EarningsPerShareDiluted
|
$-0.87 | USD | 1 Quarter |
| Earnings per share,diluted |
EarningsPerShareDiluted
|
$0.68 | USD | 1 Quarter |
| Weighted average shares outstanding basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
5.19M | shares | 1 Quarter |
| Weighted average shares outstanding basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
4.88M | shares | 2 Qtrs |
| Weighted average shares outstanding basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
7.60M | shares | 2 Qtrs |
| Weighted average shares outstanding basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
7.60M | shares | 1 Quarter |
| Weighted average shares outstanding diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
7.60M | shares | 1 Quarter |
| Weighted average shares outstanding diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
5.19M | shares | 1 Quarter |
| Weighted average shares outstanding diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
7.60M | shares | 2 Qtrs |
| Weighted average shares outstanding diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
4.88M | shares | 2 Qtrs |
Cash Flow Statement
72 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$3.35M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$9.13M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$587.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.73M | USD | Point-in-time |
| Restricted cash |
RestrictedCash
|
$13.00K | USD | Point-in-time |
| Net increase (decrease) in net assets resulting from operations |
ProfitLoss
|
$-9.63M | USD | 2 Qtrs |
| Net increase (decrease) in net assets resulting from operations |
ProfitLoss
|
$13.36M | USD | 2 Qtrs |
| Total cash and cash equivalents and restricted cash shown on the Consolidated Statements of Cash Flows |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$3.35M | USD | Point-in-time |
| Total cash and cash equivalents and restricted cash shown on the Consolidated Statements of Cash Flows |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$1.73M | USD | Point-in-time |
| Total cash and cash equivalents and restricted cash shown on the Consolidated Statements of Cash Flows |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$587.00K | USD | Point-in-time |
| Total cash and cash equivalents and restricted cash shown on the Consolidated Statements of Cash Flows |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$9.14M | USD | Point-in-time |
| Purchases of investments |
PaymentsForPurchaseOfInvestmentOperatingActivity
|
$68.09M | USD | 2 Qtrs |
| Purchases of investments |
PaymentsForPurchaseOfInvestmentOperatingActivity
|
$67.28M | USD | 2 Qtrs |
| Net change in short-term investments |
NetChangeInShortTermInvestments
|
$-32.41M | USD | 2 Qtrs |
| Net change in short-term investments |
NetChangeInShortTermInvestments
|
$-2.09M | USD | 2 Qtrs |
| Capitalized payment-in-kind interest |
CapitalizedPaymentInKindInterest
|
$1.16M | USD | 2 Qtrs |
| Capitalized payment-in-kind interest |
CapitalizedPaymentInKindInterest
|
$677.00K | USD | 2 Qtrs |
| Proceeds from sales of investments |
ProceedsFromDispositionOfInvestmentOperatingActivity
|
$34.42M | USD | 2 Qtrs |
| Proceeds from sales of investments |
ProceedsFromDispositionOfInvestmentOperatingActivity
|
$29.97M | USD | 2 Qtrs |
| Proceeds from principal payments |
ProceedsFromPrincipalPayments
|
$30.71M | USD | 2 Qtrs |
| Proceeds from principal payments |
ProceedsFromPrincipalPayments
|
$39.04M | USD | 2 Qtrs |
| Net realized (gain) loss on investments |
NetRealizedGainLossOnInvestments
|
$-129.68M | USD | 2 Qtrs |
| Net realized (gain) loss on investments |
NetRealizedGainLossOnInvestments
|
$2.39M | USD | 2 Qtrs |
| Net change in unrealized (appreciation) depreciation on investments |
UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax
|
$4.77M | USD | 2 Qtrs |
| Net change in unrealized (appreciation) depreciation on investments |
UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax
|
$104.05M | USD | 1 Quarter |
| Net change in unrealized (appreciation) depreciation on investments |
UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax
|
$112.92M | USD | 2 Qtrs |
| Net change in unrealized (appreciation) depreciation on investments |
UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax
|
$1.29M | USD | 1 Quarter |
| Amortization of premium and accretion of discount, net |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$1.12M | USD | 2 Qtrs |
| Amortization of premium and accretion of discount, net |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$612.00K | USD | 2 Qtrs |
| Amortization of discount (premium) on long term debt |
AmortizationOfDebtDiscountPremium
|
$654.00K | USD | 2 Qtrs |
| Amortization of discount (premium) on long term debt |
AmortizationOfDebtDiscountPremium
|
$649.00K | USD | 2 Qtrs |
| (Increase) decrease in interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$-158.00K | USD | 2 Qtrs |
| (Increase) decrease in interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$450.00K | USD | 2 Qtrs |
| (Increase) decrease in dividends receivable |
IncreaseDecreaseInDividendsReceivable
|
$-205.00K | USD | 2 Qtrs |
| (Increase) decrease in dividends receivable |
IncreaseDecreaseInDividendsReceivable
|
$-316.00K | USD | 2 Qtrs |
| (Increase) decrease in due from portfolio company |
IncreaseDecreaseInDueFromPortfolioCompany
|
$-113.00K | USD | 2 Qtrs |
| (Increase) decrease in due from portfolio company |
IncreaseDecreaseInDueFromPortfolioCompany
|
$2.00K | USD | 2 Qtrs |
| (Increase) decrease in due from affiliates |
IncreaseDecreaseDueFromAffiliates
|
$20.00K | USD | 2 Qtrs |
| (Increase) decrease in prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-3.03M | USD | 2 Qtrs |
| (Increase) decrease in prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-305.00K | USD | 2 Qtrs |
| Increase (decrease) in due to affiliates |
IncreaseDecreaseInDueToAffiliates
|
$1.68M | USD | 2 Qtrs |
| Increase (decrease) in due to affiliates |
IncreaseDecreaseInDueToAffiliates
|
$-4.88M | USD | 2 Qtrs |
| Increase (decrease) in interest payable |
IncreaseDecreaseInInterestPayableNet
|
$28.00K | USD | 2 Qtrs |
| Increase (decrease) in interest payable |
IncreaseDecreaseInInterestPayableNet
|
$14.00K | USD | 2 Qtrs |
| Increase (decrease) in accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$-286.00K | USD | 2 Qtrs |
| Increase (decrease) in accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$31.00K | USD | 2 Qtrs |
| Net cash provided by (used for) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-37.48M | USD | 2 Qtrs |
| Net cash provided by (used for) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$13.09M | USD | 2 Qtrs |
| Borrowings under credit facility |
BorrowingsUnderCreditFacility
|
$2.00M | USD | 2 Qtrs |
| Repayments under credit facility |
RepaymentsOfLinesOfCredit
|
$7.00M | USD | 2 Qtrs |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$37.51M | USD | Point-in-time |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$37.51M | USD | 2 Qtrs |
| Payments of deferred financing costs |
PaymentsOfFinancingCosts
|
$1.26M | USD | 2 Qtrs |
| Distributions paid |
PaymentsOfDividends
|
$5.32M | USD | 2 Qtrs |
| Distributions paid |
PaymentsOfDividends
|
$6.18M | USD | 2 Qtrs |
| Net cash provided by (used for) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-10.32M | USD | 2 Qtrs |
| Net cash provided by (used for) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$30.06M | USD | 2 Qtrs |
| Net increase (decrease) in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-7.42M | USD | 2 Qtrs |
| Net increase (decrease) in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$2.77M | USD | 2 Qtrs |
| Cash and cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$3.35M | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$1.73M | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$587.00K | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$9.14M | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$3.35M | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$1.73M | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$587.00K | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$9.14M | USD | Point-in-time |
| Common stock issued in-kind |
CommonStockIssuedInKind
|
$2.60M | USD | 2 Qtrs |
| Cash paid for excise tax |
IncomeTaxesPaidNet
|
$128.00K | USD | 2 Qtrs |
| Cash paid for excise tax |
IncomeTaxesPaidNet
|
$157.00K | USD | 2 Qtrs |
| Cash paid for interest |
InterestPaidNet
|
$4.90M | USD | 2 Qtrs |
| Cash paid for interest |
InterestPaidNet
|
$4.65M | USD | 2 Qtrs |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.