10-Q Filing

AUDAX CREDIT BDC INC. CIK: 1633858 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001410578-23-001792`
Period End Date	20230630
Filing Date	20230811
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	tmb-20230630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 108 Cash Flow Statement 63

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Investments, at fair value, Non-Control/Non-Affiliate investments, cost	`InvestmentOwnedAtCost`	$399.34M	USD	Point-in-time
Investments, at fair value, Non-Control/Non-Affiliate investments, cost	`InvestmentOwnedAtCost`	$427.70M	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
Investments, at fair value, Non-Control/Non-Affiliate investments (Cost of $399,336,243 and $427,700,856, respectively)	`InvestmentOwnedAtFairValue`	$390.66M	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investments, at fair value, Non-Control/Non-Affiliate investments (Cost of $399,336,243 and $427,700,856, respectively)	`InvestmentOwnedAtFairValue`	$420.83M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.92M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.16M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.88M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	46.38M	shares	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	46.38M	shares	Point-in-time
Interest receivable	`InterestReceivable`	$2.28M	USD	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	43.70M	shares	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	43.16M	shares	Point-in-time
Interest receivable	`InterestReceivable`	$2.42M	USD	Point-in-time
Other assets	`OtherAssets`	$112.50K	USD	Point-in-time
Receivable from investments sold	`ReceivableInvestmentSale`	$1.91M	USD	Point-in-time
Receivable from investments sold	`ReceivableInvestmentSale`	$4.42M	USD	Point-in-time
Receivable from bank loan repayment	`ReceivableFromBankLoanRepayment`	$66.13K	USD	Point-in-time
Receivable from bank loan repayment	`ReceivableFromBankLoanRepayment`	$61.07K	USD	Point-in-time
Total assets	`Assets`	$408.92M	USD	Point-in-time
Total assets	`Assets`	$443.65M	USD	Point-in-time
Payable for short-term borrowings	`ShortTermBorrowings`	$35.89M	USD	Point-in-time
Payable for short-term borrowings	`ShortTermBorrowings`	$7.39M	USD	Point-in-time
Payable for short-term borrowings	`ShortTermBorrowings`	$13.18M	USD	Point-in-time
Payable for investments purchased	`PayableForInvestmentsPurchased`	$3.65M	USD	Point-in-time
Fees due to investment advisor, net of waivers	`FeesDueToInvestmentAdvisorNetOfWaivers`	$1.14M	USD	Point-in-time
Fees due to investment advisor, net of waivers	`FeesDueToInvestmentAdvisorNetOfWaivers`	$1.23M	USD	Point-in-time
Fees due to investment advisor, net of waivers	`FeesDueToInvestmentAdvisorNetOfWaivers`	$1.14M	USD	Point-in-time
Fee due to administrator	`FeeDueToAdministrator`	$66.25K	USD	Point-in-time
Fee due to administrator	`FeeDueToAdministrator`	$66.25K	USD	Point-in-time
Fee due to administrator	`FeeDueToAdministrator`	$66.25K	USD	Point-in-time
Accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$412.79K	USD	Point-in-time
Accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$790.35K	USD	Point-in-time
Total liabilities	`Liabilities`	$15.17M	USD	Point-in-time
Total liabilities	`Liabilities`	$12.75M	USD	Point-in-time
Common stock, $0.001 par value per share, 100,000,000 shares authorized, 43,159,041 and 46,376,461 shares issued and outstanding, respectively	`CommonStockValue`	$43.16K	USD	Point-in-time
Common stock, $0.001 par value per share, 100,000,000 shares authorized, 43,159,041 and 46,376,461 shares issued and outstanding, respectively	`CommonStockValue`	$46.38K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$407.61M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$437.96M	USD	Point-in-time
Total distributable loss	`RetainedEarningsAccumulatedDeficit`	$-11.48M	USD	Point-in-time
Total distributable loss	`RetainedEarningsAccumulatedDeficit`	$-9.52M	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	$421.32M	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	$428.48M	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	$405.15M	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	$396.17M	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	$373.95M	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	$406.99M	USD	Point-in-time
Net Asset Value per Share of Common Stock at End of Period	`NetAssetValuePerShare`	$9.24	USD	Point-in-time
Net Asset Value per Share of Common Stock at End of Period	`NetAssetValuePerShare`	$9.36	USD	Point-in-time
Net Asset Value per Share of Common Stock at End of Period	`NetAssetValuePerShare`	$9.41	USD	Point-in-time
Net Asset Value per Share of Common Stock at End of Period	`NetAssetValuePerShare`	$9.27	USD	Point-in-time
Net Asset Value per Share of Common Stock at End of Period	`NetAssetValuePerShare`	$9.18	USD	Point-in-time
Net Asset Value per Share of Common Stock at End of Period	`NetAssetValuePerShare`	$9.43	USD	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	46.38M	shares	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	43.70M	shares	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	43.16M	shares	Point-in-time

Income Statement 108 line items

Line Item	Tag	Value	Unit	Period
Non-Control/Non-Affiliate	`NonControlledNonAffiliateInterestIncome`	$20.57M	USD	2 Qtrs
Non-Control/Non-Affiliate	`NonControlledNonAffiliateInterestIncome`	$10.56M	USD	1 Quarter
Non-Control/Non-Affiliate	`NonControlledNonAffiliateInterestIncome`	$11.45M	USD	2 Qtrs
Non-Control/Non-Affiliate	`NonControlledNonAffiliateInterestIncome`	$6.06M	USD	1 Quarter
Other	`OtherOperatingIncome`	$125.58K	USD	2 Qtrs
Other	`OtherOperatingIncome`	$397.00	USD	1 Quarter
Other	`OtherOperatingIncome`	$781.00	USD	2 Qtrs
Other	`OtherOperatingIncome`	$61.03K	USD	1 Quarter
Total interest income	`InterestIncomeOperating`	$20.70M	USD	2 Qtrs
Total interest income	`InterestIncomeOperating`	$6.06M	USD	1 Quarter
Total interest income	`InterestIncomeOperating`	$11.45M	USD	2 Qtrs
Total interest income	`InterestIncomeOperating`	$10.62M	USD	1 Quarter
Non-Control/Non-Affiliate	`NonControlledNonAffiliateOtherIncome`	$140.26K	USD	1 Quarter
Non-Control/Non-Affiliate	`NonControlledNonAffiliateOtherIncome`	$8.62K	USD	1 Quarter
Non-Control/Non-Affiliate	`NonControlledNonAffiliateOtherIncome`	$71.25K	USD	2 Qtrs
Non-Control/Non-Affiliate	`NonControlledNonAffiliateOtherIncome`	$178.37K	USD	2 Qtrs
Total income	`NonoperatingIncomeExpense`	$10.63M	USD	1 Quarter
Total income	`NonoperatingIncomeExpense`	$20.77M	USD	2 Qtrs
Total income	`NonoperatingIncomeExpense`	$6.20M	USD	1 Quarter
Total income	`NonoperatingIncomeExpense`	$11.63M	USD	2 Qtrs
Base management fee	`ManagementFeeExpense`	$1.08M	USD	1 Quarter
Base management fee	`ManagementFeeExpense`	$2.12M	USD	2 Qtrs
Base management fee	`ManagementFeeExpense`	$1.08M	USD	1 Quarter
Base management fee	`ManagementFeeExpense`	$2.19M	USD	2 Qtrs
Incentive fee	`IncentiveFeeExpense`	$1.17M	USD	2 Qtrs
Incentive fee	`IncentiveFeeExpense`	$1.41M	USD	1 Quarter
Incentive fee	`IncentiveFeeExpense`	$747.89K	USD	1 Quarter
Incentive fee	`IncentiveFeeExpense`	$2.75M	USD	2 Qtrs
Interest expense	`InterestExpense`	$136.80K	USD	2 Qtrs
Interest expense	`InterestExpense`	$191.03K	USD	1 Quarter
Interest expense	`InterestExpense`	$418.68K	USD	2 Qtrs
Interest expense	`InterestExpense`	$95.63K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$211.91K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$292.54K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$113.27K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$210.86K	USD	1 Quarter
Directors' fees	`NoninterestExpenseDirectorsFees`	$63.75K	USD	1 Quarter
Directors' fees	`NoninterestExpenseDirectorsFees`	$112.50K	USD	2 Qtrs
Directors' fees	`NoninterestExpenseDirectorsFees`	$127.50K	USD	2 Qtrs
Directors' fees	`NoninterestExpenseDirectorsFees`	$56.25K	USD	1 Quarter
Administrative fee	`AdministrativeFeesExpense`	$66.25K	USD	1 Quarter
Administrative fee	`AdministrativeFeesExpense`	$66.25K	USD	1 Quarter
Administrative fee	`AdministrativeFeesExpense`	$132.50K	USD	2 Qtrs
Administrative fee	`AdministrativeFeesExpense`	$132.50K	USD	2 Qtrs
Other expenses	`OtherExpenses`	$63.47K	USD	1 Quarter
Other expenses	`OtherExpenses`	$164.43K	USD	2 Qtrs
Other expenses	`OtherExpenses`	$85.26K	USD	1 Quarter
Other expenses	`OtherExpenses`	$138.23K	USD	2 Qtrs
Expenses before waivers from investment adviser and administrator	`InvestmentIncomeInvestmentExpense`	$3.00M	USD	1 Quarter
Expenses before waivers from investment adviser and administrator	`InvestmentIncomeInvestmentExpense`	$5.97M	USD	2 Qtrs
Expenses before waivers from investment adviser and administrator	`InvestmentIncomeInvestmentExpense`	$2.34M	USD	1 Quarter
Expenses before waivers from investment adviser and administrator	`InvestmentIncomeInvestmentExpense`	$4.13M	USD	2 Qtrs
Base management fee waivers	`InvestmentCompanyVoluntaryFeeWaived`	$379.39K	USD	1 Quarter
Base management fee waivers	`InvestmentCompanyVoluntaryFeeWaived`	$767.49K	USD	2 Qtrs
Base management fee waivers	`InvestmentCompanyVoluntaryFeeWaived`	$742.23K	USD	2 Qtrs
Base management fee waivers	`InvestmentCompanyVoluntaryFeeWaived`	$378.77K	USD	1 Quarter
Incentive fee waivers	`InvestmentCompanyContractualFeeWaived`	$1.04M	USD	2 Qtrs
Incentive fee waivers	`InvestmentCompanyContractualFeeWaived`	$1.78M	USD	2 Qtrs
Incentive fee waivers	`InvestmentCompanyContractualFeeWaived`	$654.62K	USD	1 Quarter
Incentive fee waivers	`InvestmentCompanyContractualFeeWaived`	$888.77K	USD	1 Quarter
Total expenses, net of waivers	`InvestmentCompanyExpenseAfterReductionOfFeeWaiverAndReimbursement`	$1.31M	USD	1 Quarter
Total expenses, net of waivers	`InvestmentCompanyExpenseAfterReductionOfFeeWaiverAndReimbursement`	$3.42M	USD	2 Qtrs
Total expenses, net of waivers	`InvestmentCompanyExpenseAfterReductionOfFeeWaiverAndReimbursement`	$1.73M	USD	1 Quarter
Total expenses, net of waivers	`InvestmentCompanyExpenseAfterReductionOfFeeWaiverAndReimbursement`	$2.35M	USD	2 Qtrs
Net Investment Income	`NetInvestmentIncome`	$4.89M	USD	1 Quarter
Net Investment Income	`NetInvestmentIncome`	$8.90M	USD	1 Quarter
Net Investment Income	`NetInvestmentIncome`	$17.35M	USD	2 Qtrs
Net Investment Income	`NetInvestmentIncome`	$9.28M	USD	2 Qtrs
Net realized (loss) gain on investments	`DebtAndEquitySecuritiesRealizedGainLoss`	$-157.25K	USD	2 Qtrs
Net realized (loss) gain on investments	`DebtAndEquitySecuritiesRealizedGainLoss`	$337.56K	USD	2 Qtrs
Net realized (loss) gain on investments	`DebtAndEquitySecuritiesRealizedGainLoss`	$111.78K	USD	1 Quarter
Net realized (loss) gain on investments	`DebtAndEquitySecuritiesRealizedGainLoss`	$-113.25K	USD	1 Quarter
Net change in unrealized depreciation on investments	`DebtAndEquitySecuritiesUnrealizedGainLoss`	$-1.24M	USD	1 Quarter
Net change in unrealized depreciation on investments	`DebtAndEquitySecuritiesUnrealizedGainLoss`	$-4.67M	USD	2 Qtrs
Net change in unrealized depreciation on investments	`DebtAndEquitySecuritiesUnrealizedGainLoss`	$-1.80M	USD	2 Qtrs
Net change in unrealized depreciation on investments	`DebtAndEquitySecuritiesUnrealizedGainLoss`	$-3.11M	USD	1 Quarter
Net realized and unrealized loss on investments	`DebtAndEquitySecuritiesGainLoss`	$-1.36M	USD	1 Quarter
Net realized and unrealized loss on investments	`DebtAndEquitySecuritiesGainLoss`	$-1.96M	USD	2 Qtrs
Net realized and unrealized loss on investments	`DebtAndEquitySecuritiesGainLoss`	$-2.99M	USD	1 Quarter
Net realized and unrealized loss on investments	`DebtAndEquitySecuritiesGainLoss`	$-4.33M	USD	2 Qtrs
Net Increase in Net Assets Resulting from Operations	`NetIncomeLoss`	$1.90M	USD	1 Quarter
Net Increase in Net Assets Resulting from Operations	`NetIncomeLoss`	$15.39M	USD	2 Qtrs
Net Increase in Net Assets Resulting from Operations	`NetIncomeLoss`	$7.54M	USD	1 Quarter
Net Increase in Net Assets Resulting from Operations	`NetIncomeLoss`	$4.94M	USD	2 Qtrs
Net investment income - basic (in dollars per share)	`NetInvestmentIncomePerShareBasic`	$0.20	USD	1 Quarter
Net investment income - basic (in dollars per share)	`NetInvestmentIncomePerShareBasic`	$0.11	USD	1 Quarter
Net investment income - basic (in dollars per share)	`NetInvestmentIncomePerShareBasic`	$0.21	USD	2 Qtrs
Net investment income - basic (in dollars per share)	`NetInvestmentIncomePerShareBasic`	$0.39	USD	2 Qtrs
Net investment income - diluted (in dollars per share)	`NetInvestmentIncomePerShareDiluted`	$0.39	USD	2 Qtrs
Net investment income - diluted (in dollars per share)	`NetInvestmentIncomePerShareDiluted`	$0.11	USD	1 Quarter
Net investment income - diluted (in dollars per share)	`NetInvestmentIncomePerShareDiluted`	$0.21	USD	2 Qtrs
Net investment income - diluted (in dollars per share)	`NetInvestmentIncomePerShareDiluted`	$0.20	USD	1 Quarter
Net increase in net assets resulting from operations - basic (in dollars per share)	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Net increase in net assets resulting from operations - basic (in dollars per share)	`EarningsPerShareBasic`	$0.35	USD	2 Qtrs
Net increase in net assets resulting from operations - basic (in dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Net increase in net assets resulting from operations - basic (in dollars per share)	`EarningsPerShareBasic`	$0.11	USD	2 Qtrs
Net increase in net assets resulting from operations - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Net increase in net assets resulting from operations - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Net increase in net assets resulting from operations - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.35	USD	2 Qtrs
Net increase in net assets resulting from operations - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.11	USD	2 Qtrs
Weighted average shares of common stock outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.56M	shares	1 Quarter
Weighted average shares of common stock outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.74M	shares	2 Qtrs
Weighted average shares of common stock outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.49M	shares	2 Qtrs
Weighted average shares of common stock outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.71M	shares	1 Quarter
Weighted average shares of common stock outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.49M	shares	2 Qtrs
Weighted average shares of common stock outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.56M	shares	1 Quarter
Weighted average shares of common stock outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.71M	shares	1 Quarter
Weighted average shares of common stock outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.74M	shares	2 Qtrs

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net increase in net assets resulting from operations	`ProfitLoss`	$15.39M	USD	2 Qtrs
Net increase in net assets resulting from operations	`ProfitLoss`	$4.94M	USD	2 Qtrs
Net realized (loss) gain on investments	`DebtAndEquitySecuritiesRealizedGainLoss`	$-157.25K	USD	2 Qtrs
Net realized (loss) gain on investments	`DebtAndEquitySecuritiesRealizedGainLoss`	$337.56K	USD	2 Qtrs
Net realized (loss) gain on investments	`DebtAndEquitySecuritiesRealizedGainLoss`	$111.78K	USD	1 Quarter
Net realized (loss) gain on investments	`DebtAndEquitySecuritiesRealizedGainLoss`	$-113.25K	USD	1 Quarter
Net change in unrealized depreciation on investments	`DebtAndEquitySecuritiesUnrealizedGainLoss`	$-1.24M	USD	1 Quarter
Net change in unrealized depreciation on investments	`DebtAndEquitySecuritiesUnrealizedGainLoss`	$-4.67M	USD	2 Qtrs
Net change in unrealized depreciation on investments	`DebtAndEquitySecuritiesUnrealizedGainLoss`	$-1.80M	USD	2 Qtrs
Net change in unrealized depreciation on investments	`DebtAndEquitySecuritiesUnrealizedGainLoss`	$-3.11M	USD	1 Quarter
Accretion of original issue discount interest and payment-in-kind interest	`InterestIncomeOperatingPaidInKind`	$371.92K	USD	2 Qtrs
Accretion of original issue discount interest and payment-in-kind interest	`InterestIncomeOperatingPaidInKind`	$471.05K	USD	2 Qtrs
Decrease in receivable from investments sold	`IncreaseDecreaseInReceivableFromInvestmentsSold`	$-2.50M	USD	2 Qtrs
Decrease (increase) in interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-137.22K	USD	2 Qtrs
Decrease (increase) in interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$283.78K	USD	2 Qtrs
(Increase) decrease in receivable from bank loan repayment	`IncreaseDecreaseInReceivableFromBankLoanRepayment`	$5.05K	USD	2 Qtrs
(Increase) decrease in receivable from bank loan repayment	`IncreaseDecreaseInReceivableFromBankLoanRepayment`	$-5.86K	USD	2 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$215.00K	USD	2 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$112.50K	USD	2 Qtrs
(Decrease) increase in accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$178.44K	USD	2 Qtrs
(Decrease) increase in accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-377.55K	USD	2 Qtrs
Increase in fees due to investment advisor(a)	`IncreaseDecreaseInFeesDueToInvestmentAdvisor`	$156.38K	USD	2 Qtrs
Increase in fees due to investment advisor(a)	`IncreaseDecreaseInFeesDueToInvestmentAdvisor`	$92.80K	USD	2 Qtrs
(Increase) decrease in payable for investments purchased	`IncreaseDecreaseInPayableForInvestmentPurchased`	$3.65M	USD	2 Qtrs
(Increase) decrease in payable for investments purchased	`IncreaseDecreaseInPayableForInvestmentPurchased`	$-21.25M	USD	2 Qtrs
Investments purchased	`PaymentsForPurchaseOfSecuritiesOperatingActivities`	$24.05M	USD	2 Qtrs
Investments purchased	`PaymentsForPurchaseOfSecuritiesOperatingActivities`	$74.84M	USD	2 Qtrs
Proceeds from investments sold	`ProceedsFromDispositionOfInvestmentOperatingActivity`	$4.05M	USD	2 Qtrs
Proceeds from investments sold	`ProceedsFromDispositionOfInvestmentOperatingActivity`	$30.20M	USD	2 Qtrs
Repayment of bank loans	`ProceedsFromRepaymentOfLoansToPurchaseCommonStock`	$22.52M	USD	2 Qtrs
Repayment of bank loans	`ProceedsFromRepaymentOfLoansToPurchaseCommonStock`	$33.07M	USD	2 Qtrs
Total investment activity	`InvestmentIncomeNet`	$-28.68M	USD	2 Qtrs
Total investment activity	`InvestmentIncomeNet`	$37.72M	USD	2 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-50.23M	USD	2 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$51.44M	USD	2 Qtrs
Issuance of shares of common stock	`ProceedsFromIssuanceOfCommonStock`	$30.00M	USD	Point-in-time
Issuance of shares of common stock	`ProceedsFromIssuanceOfCommonStock`	$55.00M	USD	2 Qtrs
Repurchases of shares of common stock	`PaymentsForRepurchaseOfCommonStock`	$30.00M	USD	2 Qtrs
Repurchases of shares of common stock	`PaymentsForRepurchaseOfCommonStock`	$20.00M	USD	2 Qtrs
Short-term borrowings	`ProceedsFromShortTermDebt`	$35.89M	USD	2 Qtrs
Distributions paid to common stockholders	`PaymentsOfDividendsCommonStock`	$8.74M	USD	2 Qtrs
Distributions paid to common stockholders	`PaymentsOfDividendsCommonStock`	$17.70M	USD	2 Qtrs
Repayments of short-term borrowings	`RepaymentsOfShortTermDebt`	$5.78M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-53.48M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$62.15M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$11.93M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.04M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$15.92M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$13.88M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$22.99M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.06M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$15.92M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$13.88M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$22.99M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.06M	USD	Point-in-time
Supplemental cash flow information Interest paid on short-term financing	`InterestPaidNet`	$136.80K	USD	2 Qtrs
Supplemental cash flow information Interest paid on short-term financing	`InterestPaidNet`	$527.23K	USD	2 Qtrs
Supplemental cash flow information Issuance of common shares in connection with dividend reinvestment plan	`StockIssued1`	$27.00	USD	2 Qtrs
Supplemental cash flow information Issuance of common shares in connection with dividend reinvestment plan	`StockIssued1`	$58.00	USD	2 Qtrs
Supplemental non-cash information Payment-in-kind ("PIK") interest income	`IncomeTaxesPaidNet`	$69.13K	USD	2 Qtrs
Supplemental non-cash information Payment-in-kind ("PIK") interest income	`IncomeTaxesPaidNet`	$121.56K	USD	2 Qtrs
Supplemental non-cash information Payment-in-kind ("PIK") interest income	`IncomeTaxesPaidNet`	$7.81K	USD	1 Quarter
Supplemental non-cash information Payment-in-kind ("PIK") interest income	`IncomeTaxesPaidNet`	$34.06K	USD	1 Quarter

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