10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-23-145196 |
| Period End Date | 20230331 |
| Filing Date | 20230515 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | d421644d10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
59 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Investments owned at cost |
InvestmentOwnedAtCost
|
$54.01M | USD | Point-in-time |
| Investments owned at cost |
InvestmentOwnedAtCost
|
$50.81M | USD | Point-in-time |
| Investments, fair value disclosure |
InvestmentsFairValueDisclosure
|
$48.73M | USD | Point-in-time |
| Preferred stock stated or par value per share |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Preferred stock stated or par value per share |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Investments, fair value disclosure |
InvestmentsFairValueDisclosure
|
$53.29M | USD | Point-in-time |
| Preferred stock shares authorized |
PreferredStockSharesAuthorized
|
25.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.63M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.13M | USD | Point-in-time |
| Preferred stock shares authorized |
PreferredStockSharesAuthorized
|
25.00M | shares | Point-in-time |
| Receivable for investments sold |
SecuritiesPurchasedUnderAgreementsToResell
|
$3.32M | USD | Point-in-time |
| Receivable for investments sold |
SecuritiesPurchasedUnderAgreementsToResell
|
- | USD | Point-in-time |
| Preferred stock shares issued |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Preferred stock shares issued |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Dividends and interest receivable |
DividendsAndInterestReceivable
|
$312.75K | USD | Point-in-time |
| Preferred stock shares outstanding |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Dividends and interest receivable |
DividendsAndInterestReceivable
|
$220.19K | USD | Point-in-time |
| Preferred stock shares outstanding |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Common stock stated or par value per share |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Receivable from Adviser |
DueFromRelatedParties
|
$92.22K | USD | Point-in-time |
| Receivable from Adviser |
DueFromRelatedParties
|
$81.86K | USD | Point-in-time |
| Common stock stated or par value per share |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock shares authorized |
CommonStockSharesAuthorized
|
200.00M | shares | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$14.03K | USD | Point-in-time |
| Common stock shares authorized |
CommonStockSharesAuthorized
|
200.00M | shares | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$15.90K | USD | Point-in-time |
| Total assets |
Assets
|
$55.25M | USD | Point-in-time |
| Total assets |
Assets
|
$53.59M | USD | Point-in-time |
| Common stock shares issued |
CommonStockSharesIssued
|
9.55M | shares | Point-in-time |
| Common stock shares issued |
CommonStockSharesIssued
|
9.68M | shares | Point-in-time |
| Common stock shares outstanding |
CommonStockSharesOutstanding
|
9.55M | shares | Point-in-time |
| Common stock shares outstanding |
CommonStockSharesOutstanding
|
9.68M | shares | Point-in-time |
| Common stock shares outstanding |
CommonStockSharesOutstanding
|
9.92M | shares | Point-in-time |
| Payable for investments purchased |
SecuritiesSoldUnderAgreementsToRepurchase
|
$991.70K | USD | Point-in-time |
| Payable for investments purchased |
SecuritiesSoldUnderAgreementsToRepurchase
|
- | USD | Point-in-time |
| Payable to Adviser |
DueToRelatedPartiesCurrentAndNoncurrent
|
$317.70K | USD | Point-in-time |
| Payable to Adviser |
DueToRelatedPartiesCurrentAndNoncurrent
|
$314.99K | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesAndOtherLiabilities
|
$262.43K | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesAndOtherLiabilities
|
$371.74K | USD | Point-in-time |
| Distributions payable |
DividendsPayableCurrentAndNoncurrent
|
$859.40K | USD | Point-in-time |
| Distributions payable |
DividendsPayableCurrentAndNoncurrent
|
$870.98K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$2.43M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.56M | USD | Point-in-time |
| Commitments and Contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and Contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Preferred stock, $0.001 par value (25,000,000 shares authorized, 0 shares issued and outstanding) |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock, $0.001 par value (25,000,000 shares authorized, 0 shares issued and outstanding) |
PreferredStockValue
|
- | USD | Point-in-time |
| Common stock, $0.001 par value (200,000,000 shares authorized, 9,677,593 and 9,956,228 shares issued and outstanding, respectively) |
CommonStockValue
|
$9.68K | USD | Point-in-time |
| Common stock, $0.001 par value (200,000,000 shares authorized, 9,677,593 and 9,956,228 shares issued and outstanding, respectively) |
CommonStockValue
|
$9.55K | USD | Point-in-time |
| Paid-in capital in excess of par |
AdditionalPaidInCapital
|
$86.25M | USD | Point-in-time |
| Paid-in capital in excess of par |
AdditionalPaidInCapital
|
$86.95M | USD | Point-in-time |
| Distributable earnings (accumulated loss) |
RetainedEarningsAccumulatedDeficit
|
$-33.26M | USD | Point-in-time |
| Distributable earnings (accumulated loss) |
RetainedEarningsAccumulatedDeficit
|
$-35.10M | USD | Point-in-time |
| Total net assets |
StockholdersEquity
|
$51.16M | USD | Point-in-time |
| Total net assets |
StockholdersEquity
|
$53.69M | USD | Point-in-time |
| Net asset value per share of common stock |
NetAssetValuePerShare
|
$6.35 | USD | Point-in-time |
| Net asset value per share of common stock |
NetAssetValuePerShare
|
$5.55 | USD | Point-in-time |
| Net asset value per share of common stock |
NetAssetValuePerShare
|
$6.32 | USD | Point-in-time |
| Net asset value per share of common stock |
NetAssetValuePerShare
|
$5.36 | USD | Point-in-time |
Income Statement
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Interest |
InvestmentIncomeInterest
|
$636.82K | USD | 1 Quarter |
| Interest |
InvestmentIncomeInterest
|
$562.61K | USD | 1 Quarter |
| Interest paid-in-kind |
PaymentInKindInterestIncome
|
$106.71K | USD | 1 Quarter |
| Interest paid-in-kind |
PaymentInKindInterestIncome
|
$29.85K | USD | 1 Quarter |
| Total investment income |
GrossInvestmentIncomeOperating
|
$814.83K | USD | 1 Quarter |
| Total investment income |
GrossInvestmentIncomeOperating
|
$1.01M | USD | 1 Quarter |
| Investment advisory fees |
NoninterestExpenseInvestmentAdvisoryFees
|
$265.38K | USD | 1 Quarter |
| Investment advisory fees |
NoninterestExpenseInvestmentAdvisoryFees
|
$299.27K | USD | 1 Quarter |
| Custodian and accounting service fees |
CustodianAndAccountingServiceFees
|
$75.99K | USD | 1 Quarter |
| Custodian and accounting service fees |
CustodianAndAccountingServiceFees
|
$76.75K | USD | 1 Quarter |
| Administration fees |
AdministrativeFeesExpense
|
$59.60K | USD | 1 Quarter |
| Administration fees |
AdministrativeFeesExpense
|
$52.32K | USD | 1 Quarter |
| Stock transfer fee |
InvestmentCompanyShareholderServiceFeeExpense
|
$41.14K | USD | 1 Quarter |
| Stock transfer fee |
InvestmentCompanyShareholderServiceFeeExpense
|
$50.18K | USD | 1 Quarter |
| Audit and tax fees |
AuditAndTaxFees
|
$39.47K | USD | 1 Quarter |
| Audit and tax fees |
AuditAndTaxFees
|
$40.35K | USD | 1 Quarter |
| Other expenses |
OtherExpenses
|
$25.61K | USD | 1 Quarter |
| Other expenses |
OtherExpenses
|
$20.23K | USD | 1 Quarter |
| Reports to stockholders |
ReportsToStockholders
|
$17.80K | USD | 1 Quarter |
| Reports to stockholders |
ReportsToStockholders
|
$18.23K | USD | 1 Quarter |
| Legal fees |
LegalFees
|
$18.22K | USD | 1 Quarter |
| Legal fees |
LegalFees
|
$9.19K | USD | 1 Quarter |
| Directors' fees |
NoninterestExpenseDirectorsFees
|
$4.97K | USD | 1 Quarter |
| Directors' fees |
NoninterestExpenseDirectorsFees
|
$3.73K | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$585.25K | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$533.17K | USD | 1 Quarter |
| Expenses (waived) or recouped by the Adviser |
ExpensesWaivedOrRecoupedByAdviser
|
$81.86K | USD | 1 Quarter |
| Expenses (waived) or recouped by the Adviser |
ExpensesWaivedOrRecoupedByAdviser
|
$61.76K | USD | 1 Quarter |
| Net expenses |
OperatingExpensesNet
|
$451.31K | USD | 1 Quarter |
| Net expenses |
OperatingExpensesNet
|
$523.49K | USD | 1 Quarter |
| Net investment income |
NetInvestmentIncome
|
$491.12K | USD | 1 Quarter |
| Net investment income |
NetInvestmentIncome
|
$363.52K | USD | 1 Quarter |
| Net realized and unrealized gains (losses) |
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
$653.89K | USD | 1 Quarter |
| Net realized and unrealized gains (losses) |
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
$-1.34M | USD | 1 Quarter |
| Net increase (decrease) in net assets resulting from operations |
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
|
$-977.82K | USD | 1 Quarter |
| Net increase (decrease) in net assets resulting from operations |
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
|
$1.15M | USD | 1 Quarter |
| Net investment income: |
InvestmentCompanyInvestmentIncomeLossPerShare
|
$0.04 | USD | 1 Quarter |
| Net investment income: |
InvestmentCompanyInvestmentIncomeLossPerShare
|
$0.05 | USD | 1 Quarter |
| Earnings (loss) per share: Basic |
EarningsPerShareBasic
|
$-0.10 | USD | 1 Quarter |
| Earnings (loss) per share: Basic |
EarningsPerShareBasic
|
$0.11 | USD | 1 Quarter |
| Earnings (loss) per share: Diluted |
EarningsPerShareDiluted
|
$0.11 | USD | 1 Quarter |
| Earnings (loss) per share: Diluted |
EarningsPerShareDiluted
|
$-0.10 | USD | 1 Quarter |
| Weighted average shares outstanding: Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
9.99M | shares | 1 Quarter |
| Weighted average shares outstanding: Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
9.70M | shares | 1 Quarter |
| Weighted average shares outstanding: Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
9.99M | shares | 1 Quarter |
| Weighted average shares outstanding: Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
9.70M | shares | 1 Quarter |
Cash Flow Statement
54 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net increase (decrease) in net assets resulting from operations |
ProfitLoss
|
$-977.82K | USD | 1 Quarter |
| Net increase (decrease) in net assets resulting from operations |
ProfitLoss
|
$1.15M | USD | 1 Quarter |
| Purchases of investment securities |
PurchasesOfInvestmentSecurities
|
- | USD | 1 Quarter |
| Purchases of investment securities |
PurchasesOfInvestmentSecurities
|
$-6.92M | USD | 1 Quarter |
| Payment-in-kind investments |
PaymentInKindInvestments
|
$29.85K | USD | 1 Quarter |
| Payment-in-kind investments |
PaymentInKindInvestments
|
$106.71K | USD | 1 Quarter |
| Proceeds from sales and principal repayments of investment securities |
ProceedsFromSalesAndPrincipalRepaymentsOfInvestmentSecurities
|
$5.64M | USD | 1 Quarter |
| Proceeds from sales and principal repayments of investment securities |
ProceedsFromSalesAndPrincipalRepaymentsOfInvestmentSecurities
|
$3.35M | USD | 1 Quarter |
| Net realized (gain) loss on Unaffiliated investments |
RealizedInvestmentGainsLosses
|
$20.22K | USD | 1 Quarter |
| Net realized (gain) loss on Unaffiliated investments |
RealizedInvestmentGainsLosses
|
$167.10K | USD | 1 Quarter |
| Net change in unrealized (appreciation) depreciation on investments |
UnrealizedGainLossOnInvestments
|
$486.79K | USD | 1 Quarter |
| Net change in unrealized (appreciation) depreciation on investments |
UnrealizedGainLossOnInvestments
|
$-1.36M | USD | 1 Quarter |
| Amortization of premium/discount, net |
AmortizationOfDebtDiscountPremium
|
$-87.34K | USD | 1 Quarter |
| Amortization of premium/discount, net |
AmortizationOfDebtDiscountPremium
|
$-94.97K | USD | 1 Quarter |
| (Increase) decrease in receivable for investments sold |
IncreaseDecreaseInReceivableForInvestmentsSold
|
$990.54K | USD | 1 Quarter |
| (Increase) decrease in receivable for investments sold |
IncreaseDecreaseInReceivableForInvestmentsSold
|
$-3.32M | USD | 1 Quarter |
| (Increase) decrease in dividends and interest receivable |
IncreaseDecreaseInInterestAndDividendsReceivable
|
$181.21K | USD | 1 Quarter |
| (Increase) decrease in dividends and interest receivable |
IncreaseDecreaseInInterestAndDividendsReceivable
|
$92.55K | USD | 1 Quarter |
| (Increase) decrease in receivable from Adviser |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-37.08K | USD | 1 Quarter |
| (Increase) decrease in receivable from Adviser |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-10.36K | USD | 1 Quarter |
| (Increase) decrease in prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$-2.56K | USD | 1 Quarter |
| (Increase) decrease in prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$-1.88K | USD | 1 Quarter |
| Increase (decrease) in payable for fund shares repurchased |
IncreaseDecreaseInPayableForFundSharesRepurchased
|
$991.70K | USD | 1 Quarter |
| Increase (decrease) in payable for fund shares repurchased |
IncreaseDecreaseInPayableForFundSharesRepurchased
|
- | USD | 1 Quarter |
| Increase (decrease) in payable for investments purchased |
IncreaseDecreaseInPayableForInvestmentsPurchased
|
$-301.37K | USD | 1 Quarter |
| Increase (decrease) in payable for investments purchased |
IncreaseDecreaseInPayableForInvestmentsPurchased
|
- | USD | 1 Quarter |
| Increase (decrease) in payable to Adviser |
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
$2.71K | USD | 1 Quarter |
| Increase (decrease) in payable to Adviser |
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
$-19.35K | USD | 1 Quarter |
| Increase (decrease) in accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$57.76K | USD | 1 Quarter |
| Increase (decrease) in accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$-109.30K | USD | 1 Quarter |
| Net cash flows provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-391.75K | USD | 1 Quarter |
| Net cash flows provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$1.07M | USD | 1 Quarter |
| Repurchase of common stock, net of payable |
PaymentsForRepurchaseOfCommonStock
|
$991.70K | USD | 1 Quarter |
| Repurchase of common stock, net of payable |
PaymentsForRepurchaseOfCommonStock
|
$550.12K | USD | 1 Quarter |
| Distributions paid in cash |
PaymentsOfDividends
|
$576.92K | USD | 1 Quarter |
| Distributions paid in cash |
PaymentsOfDividends
|
$589.91K | USD | 1 Quarter |
| Net cash flows (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.57M | USD | 1 Quarter |
| Net cash flows (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.14M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-498.06K | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-1.53M | USD | 1 Quarter |
| Beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.28M | USD | Point-in-time |
| Beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.13M | USD | Point-in-time |
| Beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.63M | USD | Point-in-time |
| Beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.81M | USD | Point-in-time |
| End of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.28M | USD | Point-in-time |
| End of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.13M | USD | Point-in-time |
| End of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.63M | USD | Point-in-time |
| End of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.81M | USD | Point-in-time |
| Paid-in-kind interest income |
InterestPaidNet
|
$29.85K | USD | 1 Quarter |
| Paid-in-kind interest income |
InterestPaidNet
|
$106.71K | USD | 1 Quarter |
| Reinvestment of distributions paid |
ReinvestmentOfDistributionsPaid
|
$294.06K | USD | 1 Quarter |
| Reinvestment of distributions paid |
ReinvestmentOfDistributionsPaid
|
$306.15K | USD | 1 Quarter |
| Local and excise taxes paid |
IncomeTaxesPaidNet
|
$41.92K | USD | 1 Quarter |
| Local and excise taxes paid |
IncomeTaxesPaidNet
|
$30.19K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.