10-Q Filing

5C LENDING PARTNERS CORP. CIK: 1998387 Q3 2024

Filing Information

Form Type	10-Q
Accession Number	`0000950170-24-123184`
Period End Date	20240930
Filing Date	20241107
Fiscal Year	2024
Fiscal Period	Q3
XBRL Instance	ck0001998387-20240930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 98 Cash Flow Statement 32

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Common stock par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	5.00B	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	5.00B	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	81,000.00	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	81,000.00	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	81,000.00	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	81,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	USD	Point-in-time
Preferred stock par value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock par value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$1.20M	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$1.20M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$14.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$14.00K	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total Assets	`Assets`	$4.66M	USD	Point-in-time
Total Assets	`Assets`	$4.66M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	515.00	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	515.00	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	515.00	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	515.00	shares	Point-in-time
Preferred Stock, liquidation preference (Per Share)	`PreferredStockLiquidationPreference`	$3.00K	USD	Point-in-time
Preferred Stock, liquidation preference (Per Share)	`PreferredStockLiquidationPreference`	$3.00K	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.08M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.08M	USD	Point-in-time
Due to affiliate	`OtherLiabilitiesCurrent`	$19.00K	USD	Point-in-time
Due to affiliate	`OtherLiabilitiesCurrent`	$19.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.10M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.10M	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, $0.001 par value; 1,000,000 shares authorized; 515 shares issued and outstanding; liquidation preference of $3,000 per share	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $0.001 par value; 1,000,000 shares authorized; 515 shares issued and outstanding; liquidation preference of $3,000 per share	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $0.001 par value; 5,000,000,000 shares authorized; 81,000 shares issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Common Stock, $0.001 par value; 5,000,000,000 shares authorized; 81,000 shares issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Distributable earnings (Accumulated losses)	`RetainedEarningsAccumulatedDeficit`	$-6.00K	USD	Point-in-time
Distributable earnings (Accumulated losses)	`RetainedEarningsAccumulatedDeficit`	$-6.00K	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	-	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	-	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	$3.56M	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	$3.56M	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	-	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	-	USD	Point-in-time
Total Liabilities and Net Assets	`LiabilitiesAndStockholdersEquity`	$4.66M	USD	Point-in-time
Total Liabilities and Net Assets	`LiabilitiesAndStockholdersEquity`	$4.66M	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$24.92	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$24.92	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$25.00	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$25.00	USD	Point-in-time

Income Statement 98 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	-	USD	3 Qtrs
Total Investment Income	`InvestmentIncomeNet`	-	USD	3 Qtrs
Total Investment Income	`InvestmentIncomeNet`	-	USD	3 Qtrs
Total Investment Income	`InvestmentIncomeNet`	-	USD	1 Quarter
Total Investment Income	`InvestmentIncomeNet`	-	USD	1 Quarter
Management fees	`ManagementFeeExpense`	-	USD	3 Qtrs
Management fees	`ManagementFeeExpense`	-	USD	3 Qtrs
Management fees	`ManagementFeeExpense`	-	USD	1 Quarter
Management fees	`ManagementFeeExpense`	-	USD	1 Quarter
Administrative service expenses	`AdministrativeFeesExpense`	$6.00K	USD	1 Quarter
Administrative service expenses	`AdministrativeFeesExpense`	$6.00K	USD	1 Quarter
Administrative service expenses	`AdministrativeFeesExpense`	$2.00M	USD	3 Qtrs
Administrative service expenses	`AdministrativeFeesExpense`	$2.00M	USD	3 Qtrs
Administrative service expenses	`AdministrativeFeesExpense`	$1.05M	USD	1 Quarter
Administrative service expenses	`AdministrativeFeesExpense`	$1.05M	USD	1 Quarter
Organizational expenses	`OrganizationalExpenses`	$2.29M	USD	3 Qtrs
Organizational expenses	`OrganizationalExpenses`	$2.29M	USD	3 Qtrs
Organizational expenses	`OrganizationalExpenses`	$184.00K	USD	1 Quarter
Organizational expenses	`OrganizationalExpenses`	$184.00K	USD	1 Quarter
Organizational expenses	`OrganizationalExpenses`	$925.00K	USD	1 Quarter
Organizational expenses	`OrganizationalExpenses`	$925.00K	USD	1 Quarter
Directors' fees	`NoninterestExpenseDirectorsFees`	$115.00K	USD	3 Qtrs
Directors' fees	`NoninterestExpenseDirectorsFees`	$115.00K	USD	3 Qtrs
Directors' fees	`NoninterestExpenseDirectorsFees`	$96.00K	USD	1 Quarter
Directors' fees	`NoninterestExpenseDirectorsFees`	$96.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$94.00K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$94.00K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$94.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$94.00K	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$84.00K	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$84.00K	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$84.00K	USD	3 Qtrs
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$84.00K	USD	3 Qtrs
Amortization of deferred offering costs	`AmortizationOfDeferredCharges`	$17.00K	USD	3 Qtrs
Amortization of deferred offering costs	`AmortizationOfDeferredCharges`	$17.00K	USD	3 Qtrs
Amortization of deferred offering costs	`AmortizationOfDeferredCharges`	$17.00K	USD	1 Quarter
Amortization of deferred offering costs	`AmortizationOfDeferredCharges`	$17.00K	USD	1 Quarter
Total Expenses	`InvestmentIncomeInvestmentExpense`	$2.26M	USD	1 Quarter
Total Expenses	`InvestmentIncomeInvestmentExpense`	$2.26M	USD	1 Quarter
Total Expenses	`InvestmentIncomeInvestmentExpense`	$4.60M	USD	3 Qtrs
Total Expenses	`InvestmentIncomeInvestmentExpense`	$4.60M	USD	3 Qtrs
Less: Management fees waived (Note 3)	`ManagementFeesWaived`	-	USD	1 Quarter
Less: Management fees waived (Note 3)	`ManagementFeesWaived`	-	USD	1 Quarter
Less: Management fees waived (Note 3)	`ManagementFeesWaived`	-	USD	3 Qtrs
Less: Management fees waived (Note 3)	`ManagementFeesWaived`	-	USD	3 Qtrs
Less: Expense Support Agreement (Note 3)	`InvestmentCompanyExpenseOffsetArrangement`	$1.27M	USD	1 Quarter
Less: Expense Support Agreement (Note 3)	`InvestmentCompanyExpenseOffsetArrangement`	$1.27M	USD	1 Quarter
Less: Expense Support Agreement (Note 3)	`InvestmentCompanyExpenseOffsetArrangement`	$2.65M	USD	3 Qtrs
Less: Expense Support Agreement (Note 3)	`InvestmentCompanyExpenseOffsetArrangement`	$2.65M	USD	3 Qtrs
Less: Expenses waived by Advisor (Note 3)	`InvestmentCompanyVoluntaryFeeWaived`	$988.00K	USD	1 Quarter
Less: Expenses waived by Advisor (Note 3)	`InvestmentCompanyVoluntaryFeeWaived`	$988.00K	USD	1 Quarter
Less: Expenses waived by Advisor (Note 3)	`InvestmentCompanyVoluntaryFeeWaived`	$1.94M	USD	3 Qtrs
Less: Expenses waived by Advisor (Note 3)	`InvestmentCompanyVoluntaryFeeWaived`	$1.94M	USD	3 Qtrs
Net Investment Income (Loss)	`NetInvestmentIncome`	$-6.00K	USD	1 Quarter
Net Investment Income (Loss)	`NetInvestmentIncome`	$-6.00K	USD	1 Quarter
Net Investment Income (Loss)	`NetInvestmentIncome`	$-6.00K	USD	3 Qtrs
Net Investment Income (Loss)	`NetInvestmentIncome`	$-6.00K	USD	3 Qtrs
Net Increase (Decrease) in Net Assets Resulting from Operations	`NetIncomeLoss`	$-6.00K	USD	1 Quarter
Net Increase (Decrease) in Net Assets Resulting from Operations	`NetIncomeLoss`	$-6.00K	USD	1 Quarter
Net Increase (Decrease) in Net Assets Resulting from Operations	`NetIncomeLoss`	$-6.00K	USD	3 Qtrs
Net Increase (Decrease) in Net Assets Resulting from Operations	`NetIncomeLoss`	$-6.00K	USD	3 Qtrs
Preferred Stock dividends	`DividendsPreferredStockCash`	$7.00K	USD	1 Quarter
Preferred Stock dividends	`DividendsPreferredStockCash`	$7.00K	USD	1 Quarter
Preferred Stock dividends	`DividendsPreferredStockCash`	$7.00K	USD	3 Qtrs
Preferred Stock dividends	`DividendsPreferredStockCash`	$7.00K	USD	3 Qtrs
Net Increase (Decrease) in Net Assets Resulting from Operations applicable to Common Stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-13.00K	USD	3 Qtrs
Net Increase (Decrease) in Net Assets Resulting from Operations applicable to Common Stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-13.00K	USD	3 Qtrs
Net Increase (Decrease) in Net Assets Resulting from Operations applicable to Common Stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-13.00K	USD	1 Quarter
Net Increase (Decrease) in Net Assets Resulting from Operations applicable to Common Stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-13.00K	USD	1 Quarter
Net investment income (loss) per share of Common Stock (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$-0.46	USD	3 Qtrs
Net investment income (loss) per share of Common Stock (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$-0.46	USD	3 Qtrs
Net investment income (loss) per share of Common Stock (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$-0.46	USD	Point-in-time
Net investment income (loss) per share of Common Stock (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$-0.46	USD	Point-in-time
Net investment income (loss) per share of Common Stock (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$-0.46	USD	1 Quarter
Net investment income (loss) per share of Common Stock (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$-0.46	USD	1 Quarter
Earnings per share of Common Stock, basic	`EarningsPerShareBasic`	$-0.99	USD	3 Qtrs
Earnings per share of Common Stock, basic	`EarningsPerShareBasic`	$-0.99	USD	3 Qtrs
Earnings per share of Common Stock, basic	`EarningsPerShareBasic`	$-0.99	USD	1 Quarter
Earnings per share of Common Stock, basic	`EarningsPerShareBasic`	$-0.99	USD	1 Quarter
Earnings per share of Common Stock, diluted	`EarningsPerShareDiluted`	$-0.99	USD	3 Qtrs
Earnings per share of Common Stock, diluted	`EarningsPerShareDiluted`	$-0.99	USD	3 Qtrs
Earnings per share of Common Stock, diluted	`EarningsPerShareDiluted`	$-0.99	USD	1 Quarter
Earnings per share of Common Stock, diluted	`EarningsPerShareDiluted`	$-0.99	USD	1 Quarter
Weighted average shares of Common Stock outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13,500.00	shares	1 Quarter
Weighted average shares of Common Stock outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13,500.00	shares	1 Quarter
Weighted average shares of Common Stock outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13,500.00	shares	Point-in-time
Weighted average shares of Common Stock outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13,500.00	shares	Point-in-time
Weighted average shares of Common Stock outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13,500.00	shares	3 Qtrs
Weighted average shares of Common Stock outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13,500.00	shares	3 Qtrs
Weighted average shares of Common Stock outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13,500.00	shares	Point-in-time
Weighted average shares of Common Stock outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13,500.00	shares	Point-in-time
Weighted average shares of Common Stock outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13,500.00	shares	1 Quarter
Weighted average shares of Common Stock outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13,500.00	shares	1 Quarter
Weighted average shares of Common Stock outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13,500.00	shares	3 Qtrs
Weighted average shares of Common Stock outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13,500.00	shares	3 Qtrs

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$-6.00K	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$-6.00K	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$-6.00K	USD	3 Qtrs
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$-6.00K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$14.00K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$14.00K	USD	3 Qtrs
Deferred offering costs, net of amortization	`IncreaseDecreaseInDeferredOfferingCostsNetOfAmortization`	$1.04M	USD	3 Qtrs
Deferred offering costs, net of amortization	`IncreaseDecreaseInDeferredOfferingCostsNetOfAmortization`	$1.04M	USD	3 Qtrs
Due to affiliate	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$-19.00K	USD	3 Qtrs
Due to affiliate	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$-19.00K	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$919.00K	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$919.00K	USD	3 Qtrs
Net Cash Provided by (used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-122.00K	USD	3 Qtrs
Net Cash Provided by (used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-122.00K	USD	3 Qtrs
Proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$2.02M	USD	3 Qtrs
Proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$2.02M	USD	3 Qtrs
Proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$2.00M	USD	Point-in-time
Proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$2.00M	USD	Point-in-time
Proceeds from issuance of Preferred Stock	`ProceedsFromIssuanceOfPreferredShares`	$1.54M	USD	3 Qtrs
Proceeds from issuance of Preferred Stock	`ProceedsFromIssuanceOfPreferredShares`	$1.54M	USD	3 Qtrs
Net Cash Provided by (used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$3.57M	USD	3 Qtrs
Net Cash Provided by (used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$3.57M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.45M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.45M	USD	3 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.45M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.45M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.45M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.45M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.