2022 Q4 Form 10-Q Financial Statement

#000095017022021549 Filed on November 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2022 Q2
Revenue $7.325M $6.033M $5.513M
YoY Change 15.3% -18.17% -11.55%
Cost Of Revenue $4.109M $3.488M $3.452M
YoY Change -369.8% -21.05% -0.43%
Gross Profit $3.216M $2.545M $2.061M
YoY Change -59.17% -13.87% -25.49%
Gross Profit Margin 43.9% 42.18% 37.38%
Selling, General & Admin $591.0K $1.148M $679.0K
YoY Change 8.04% -2.13% 39.43%
% of Gross Profit 18.38% 45.11% 32.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $830.0K $4.949M $873.0K
YoY Change 14.8% 258.1% 31.67%
Operating Profit $2.386M -$2.404M $1.188M
YoY Change -66.64% -252.83% -43.51%
Interest Expense -$9.544M $269.0K -$5.706M
YoY Change -67.41% -105.72% -1585.94%
% of Operating Profit -400.0% -480.3%
Other Income/Expense, Net $313.0K $194.0K
YoY Change
Pretax Income -$7.158M $1.353M -$4.518M
YoY Change -67.65% -143.21% -281.66%
Income Tax $129.0K $22.00K $0.00
% Of Pretax Income 1.63%
Net Earnings -$7.287M $1.331M -$4.518M
YoY Change -67.14% -142.51% -281.66%
Net Earnings / Revenue -99.48% 22.06% -81.95%
Basic Earnings Per Share $0.18 -$0.87
Diluted Earnings Per Share -$0.96 $0.18 -$869.7K
COMMON SHARES
Basic Shares Outstanding 7.602M 7.602M 5.195M
Diluted Shares Outstanding 7.602M 5.195M

Balance Sheet

Concept 2022 Q4 2022 Q3 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $587.0K $1.502M $1.728M
YoY Change -93.57% -92.71% -97.11%
Cash & Equivalents $587.0K $1.502M $1.728M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $396.0K $452.0K $3.823M
Other Receivables $4.531M $3.877M $3.656M
Total Short-Term Assets $5.514M $5.831M $9.207M
YoY Change -58.86% -78.98% -86.46%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $301.1M $286.7M $336.9M
YoY Change -26.95% -25.87% 2.27%
Other Assets $226.0K $265.0K $305.0K
YoY Change -41.9% -39.36% -5.86%
Total Long-Term Assets $304.6M $287.3M $337.3M
YoY Change -26.23% -25.86% 2.28%
TOTAL ASSETS
Total Short-Term Assets $5.514M $5.831M $9.207M
Total Long-Term Assets $304.6M $287.3M $337.3M
Total Assets $310.1M $293.1M $346.5M
YoY Change -27.26% -29.41% -12.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $70.02M $53.13M $105.3M
YoY Change -65.6% -65.19% -19.25%
Accrued Expenses $1.087M $644.0K $61.00K
YoY Change -78.99% -93.82% -99.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $72.15M $54.75M $106.3M
YoY Change -65.6% -66.63% -24.93%
LONG-TERM LIABILITIES
Long-Term Debt $153.2M $142.9M $142.6M
YoY Change 7.86% -5.85% -13.33%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $153.2M $142.9M $142.6M
YoY Change 7.86% -5.85% -13.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $72.15M $54.75M $106.3M
Total Long-Term Liabilities $153.2M $142.9M $142.6M
Total Liabilities $225.3M $197.6M $248.9M
YoY Change -35.95% -37.43% -18.69%
SHAREHOLDERS EQUITY
Retained Earnings $13.02M
YoY Change 33.67%
Common Stock $284.2M $284.4M
YoY Change 15.72% 8651.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $84.81M $95.52M $97.61M
YoY Change
Total Liabilities & Shareholders Equity $310.1M $293.1M $346.5M
YoY Change -27.26% -29.41% -12.89%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2022 Q2
OPERATING ACTIVITIES
Net Income -$7.287M $1.331M -$4.518M
YoY Change -67.14% -142.51% -281.66%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$7.495M $3.220M -$39.61M
YoY Change -151.44% -108.82% 217.84%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $37.51M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.580M -3.446M 32.83M
YoY Change -125.27% 31.38% -28.1%
NET CHANGE
Cash From Operating Activities -7.495M 3.220M -39.61M
Cash From Investing Activities
Cash From Financing Activities 6.580M -3.446M 32.83M
Net Change In Cash -915.0K -226.0K -6.789M
YoY Change -92.02% -99.42% -120.46%
FREE CASH FLOW
Cash From Operating Activities -$7.495M $3.220M -$39.61M
Capital Expenditures
Free Cash Flow
YoY Change

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5180000
CY2022Q3 gecc Excise Tax
ExciseTax
22000
CY2022Q3 us-gaap Investment Income Net
InvestmentIncomeNet
1062000
CY2021Q3 us-gaap Investment Income Net
InvestmentIncomeNet
1573000
us-gaap Investment Income Net
InvestmentIncomeNet
8204000
us-gaap Investment Income Net
InvestmentIncomeNet
5180000
CY2022Q3 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
1171000
CY2021Q3 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
1660000
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-128513000
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-3984000
CY2022Q3 us-gaap-supplement Unrealized Gain Loss Investment And Derivative Operating After Tax
UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax
-902000
CY2021Q3 us-gaap-supplement Unrealized Gain Loss Investment And Derivative Operating After Tax
UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax
-6364000
us-gaap-supplement Unrealized Gain Loss Investment And Derivative Operating After Tax
UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax
112013000
us-gaap-supplement Unrealized Gain Loss Investment And Derivative Operating After Tax
UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax
10706000
CY2022Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
269000
CY2021Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
-4704000
us-gaap Gain Loss On Investments
GainLossOnInvestments
-16500000
us-gaap Gain Loss On Investments
GainLossOnInvestments
6722000
CY2022Q3 us-gaap Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
1331000
CY2021Q3 us-gaap Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
-3131000
us-gaap Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
-8296000
us-gaap Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
11902000
CY2022Q3 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
0.14
CY2021Q3 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
0.39
us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
1.42
us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
1.32
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.79
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.79
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.43
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.43
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.02
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7601958
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7601958
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3985741
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3985741
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5796255
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5796255
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3935008
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3935008
CY2022Q3 us-gaap Investment Income Net
InvestmentIncomeNet
1062000
CY2021Q3 us-gaap Investment Income Net
InvestmentIncomeNet
1573000
us-gaap Investment Income Net
InvestmentIncomeNet
8204000
us-gaap Investment Income Net
InvestmentIncomeNet
5180000
CY2022Q3 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
1171000
CY2021Q3 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
1660000
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-128513000
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-3984000
CY2022Q3 us-gaap-supplement Unrealized Gain Loss Investment And Derivative Operating After Tax
UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax
-902000
CY2021Q3 us-gaap-supplement Unrealized Gain Loss Investment And Derivative Operating After Tax
UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax
-6364000
us-gaap-supplement Unrealized Gain Loss Investment And Derivative Operating After Tax
UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax
112013000
us-gaap-supplement Unrealized Gain Loss Investment And Derivative Operating After Tax
UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax
10706000
CY2022Q3 us-gaap Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
1331000
CY2021Q3 us-gaap Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
-3131000
us-gaap Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
-8296000
us-gaap Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
11902000
CY2022Q3 us-gaap Investment Company Dividend Distribution
InvestmentCompanyDividendDistribution
3421000
CY2021Q3 us-gaap Investment Company Dividend Distribution
InvestmentCompanyDividendDistribution
2350000
us-gaap Investment Company Dividend Distribution
InvestmentCompanyDividendDistribution
9603000
us-gaap Investment Company Dividend Distribution
InvestmentCompanyDividendDistribution
7051000
CY2022Q3 gecc Distributions To Stockholders
DistributionsToStockholders
3421000
CY2021Q3 gecc Distributions To Stockholders
DistributionsToStockholders
2350000
gecc Distributions To Stockholders
DistributionsToStockholders
9603000
gecc Distributions To Stockholders
DistributionsToStockholders
7051000
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3918038
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
4484278
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
13239000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
38859000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
13239000
CY2022Q3 gecc Fractional Shares Redeemed For Cash In Lieu Of Reverse Stock Split Value
FractionalSharesRedeemedForCashInLieuOfReverseStockSplitValue
0
CY2021Q3 gecc Fractional Shares Redeemed For Cash In Lieu Of Reverse Stock Split Value
FractionalSharesRedeemedForCashInLieuOfReverseStockSplitValue
0
gecc Fractional Shares Redeemed For Cash In Lieu Of Reverse Stock Split Value
FractionalSharesRedeemedForCashInLieuOfReverseStockSplitValue
0
gecc Fractional Shares Redeemed For Cash In Lieu Of Reverse Stock Split Value
FractionalSharesRedeemedForCashInLieuOfReverseStockSplitValue
0
CY2022Q3 gecc Common Stock Distributed
CommonStockDistributed
0
CY2021Q3 gecc Common Stock Distributed
CommonStockDistributed
0
gecc Common Stock Distributed
CommonStockDistributed
0
gecc Common Stock Distributed
CommonStockDistributed
1720000
CY2022Q3 gecc Net Increase Decrease In Net Assets Resulting From Capital Transactions
NetIncreaseDecreaseInNetAssetsResultingFromCapitalTransactions
0
CY2021Q3 gecc Net Increase Decrease In Net Assets Resulting From Capital Transactions
NetIncreaseDecreaseInNetAssetsResultingFromCapitalTransactions
13239000
gecc Net Increase Decrease In Net Assets Resulting From Capital Transactions
NetIncreaseDecreaseInNetAssetsResultingFromCapitalTransactions
38859000
gecc Net Increase Decrease In Net Assets Resulting From Capital Transactions
NetIncreaseDecreaseInNetAssetsResultingFromCapitalTransactions
14959000
CY2022Q3 us-gaap Investment Company Net Assets Period Increase Decrease
InvestmentCompanyNetAssetsPeriodIncreaseDecrease
-2090000
CY2021Q3 us-gaap Investment Company Net Assets Period Increase Decrease
InvestmentCompanyNetAssetsPeriodIncreaseDecrease
7758000
us-gaap Investment Company Net Assets Period Increase Decrease
InvestmentCompanyNetAssetsPeriodIncreaseDecrease
20960000
us-gaap Investment Company Net Assets Period Increase Decrease
InvestmentCompanyNetAssetsPeriodIncreaseDecrease
19810000
CY2022Q2 us-gaap Assets Net
AssetsNet
97606000
CY2021Q2 us-gaap Assets Net
AssetsNet
91667000
CY2021Q4 us-gaap Assets Net
AssetsNet
74556000
CY2020Q4 us-gaap Assets Net
AssetsNet
79615000
CY2022Q3 us-gaap Assets Net
AssetsNet
95516000
CY2021Q3 us-gaap Assets Net
AssetsNet
99425000
CY2022Q3 us-gaap Assets Net
AssetsNet
95516000
CY2021Q3 us-gaap Assets Net
AssetsNet
99425000
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7601958
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3838242
CY2022Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
0
CY2021Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
566240
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
3117684
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
566240
CY2022Q3 gecc Fractional Shares Redeemed For Cash In Lieu Of Reverse Stock Split Shares
FractionalSharesRedeemedForCashInLieuOfReverseStockSplitShares
0
CY2021Q3 gecc Fractional Shares Redeemed For Cash In Lieu Of Reverse Stock Split Shares
FractionalSharesRedeemedForCashInLieuOfReverseStockSplitShares
0
gecc Fractional Shares Redeemed For Cash In Lieu Of Reverse Stock Split Shares
FractionalSharesRedeemedForCashInLieuOfReverseStockSplitShares
4
gecc Fractional Shares Redeemed For Cash In Lieu Of Reverse Stock Split Shares
FractionalSharesRedeemedForCashInLieuOfReverseStockSplitShares
0
CY2022Q3 gecc Common Stock Shares Distributed
CommonStockSharesDistributed
0
CY2021Q3 gecc Common Stock Shares Distributed
CommonStockSharesDistributed
0
gecc Common Stock Shares Distributed
CommonStockSharesDistributed
0
gecc Common Stock Shares Distributed
CommonStockSharesDistributed
79796
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7601958
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
4484278
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7601958
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
4484278
us-gaap Profit Loss
ProfitLoss
-8296000
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
1146000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
29000
us-gaap Profit Loss
ProfitLoss
11902000
us-gaap-supplement Payments For Purchase Of Investment Operating Activity
PaymentsForPurchaseOfInvestmentOperatingActivity
109350000
us-gaap-supplement Payments For Purchase Of Investment Operating Activity
PaymentsForPurchaseOfInvestmentOperatingActivity
164792000
gecc Net Change In Short Term Investments
NetChangeInShortTermInvestments
-19769000
gecc Net Change In Short Term Investments
NetChangeInShortTermInvestments
-4000
gecc Capitalized Payment In Kind Interest
CapitalizedPaymentInKindInterest
934000
gecc Capitalized Payment In Kind Interest
CapitalizedPaymentInKindInterest
3762000
us-gaap-supplement Proceeds From Disposition Of Investment Operating Activity
ProceedsFromDispositionOfInvestmentOperatingActivity
46068000
us-gaap-supplement Proceeds From Disposition Of Investment Operating Activity
ProceedsFromDispositionOfInvestmentOperatingActivity
50126000
gecc Proceeds From Principal Payments
ProceedsFromPrincipalPayments
46413000
gecc Proceeds From Principal Payments
ProceedsFromPrincipalPayments
43547000
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-128513000
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-3984000
us-gaap-supplement Unrealized Gain Loss Investment And Derivative Operating After Tax
UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax
112013000
us-gaap-supplement Unrealized Gain Loss Investment And Derivative Operating After Tax
UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax
10706000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
1001000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
3175000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
982000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1156000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1238000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1989000
us-gaap Increase Decrease In Dividends Receivable
IncreaseDecreaseInDividendsReceivable
-713000
us-gaap Increase Decrease In Dividends Receivable
IncreaseDecreaseInDividendsReceivable
880000
gecc Increase Decrease In Due From Portfolio Company
IncreaseDecreaseInDueFromPortfolioCompany
-135000
gecc Increase Decrease In Due From Portfolio Company
IncreaseDecreaseInDueFromPortfolioCompany
-834000
us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
-17000
us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
11000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-67000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
96000
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-4892000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-272000
gecc Increase Decrease In Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherLiabilities
296000
gecc Increase Decrease In Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherLiabilities
-66000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-34260000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-73058000
gecc Issuance Of Notes Payable
IssuanceOfNotesPayable
55255000
gecc Borrowings Under Credit Facility
BorrowingsUnderCreditFacility
10000000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
30293000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
37507000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
13239000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1287000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
469000
us-gaap Payments Of Dividends
PaymentsOfDividends
9603000
us-gaap Payments Of Dividends
PaymentsOfDividends
7242000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
26617000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
40490000
CY2022Q3 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
286689000
CY2022Q3 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
3.0015
CY2022Q3 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
286689000
CY2022Q3 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
3.0015
CY2022Q3 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
286689000
CY2021Q4 us-gaap Tax Basis Of Investments Unrealized Appreciation Depreciation Net
TaxBasisOfInvestmentsUnrealizedAppreciationDepreciationNet
-112846000
CY2022Q3 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
3.0015
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-7643000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-32568000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9145000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
53182000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1502000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
20614000
gecc Common Stock Distributed
CommonStockDistributed
1720000
gecc Common Stock Issued In Kind
CommonStockIssuedInKind
2600000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
162000
us-gaap Interest Paid Net
InterestPaidNet
6988000
us-gaap Interest Paid Net
InterestPaidNet
6753000
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1502000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9132000
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
13000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1502000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9145000
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20609000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
52582000
CY2021Q3 us-gaap Restricted Cash
RestrictedCash
5000
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
600000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
20614000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
53182000
CY2022Q3 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
3.0015
CY2022Q3 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
300913000
CY2022Q3 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
286689000
CY2022Q3 us-gaap Non Investment Assets Less Non Investment Liabilities
NonInvestmentAssetsLessNonInvestmentLiabilities
191173000
CY2022Q3 us-gaap Assets Net
AssetsNet
95516000
gecc Percentage Of Non Qualifying Assets
PercentageOfNonQualifyingAssets
0.2634
CY2022Q3 us-gaap Tax Basis Of Investments Gross Unrealized Appreciation
TaxBasisOfInvestmentsGrossUnrealizedAppreciation
10589000
CY2022Q3 us-gaap Tax Basis Of Investments Gross Unrealized Depreciation
TaxBasisOfInvestmentsGrossUnrealizedDepreciation
24813000
CY2022Q3 us-gaap Tax Basis Of Investments Unrealized Appreciation Depreciation Net
TaxBasisOfInvestmentsUnrealizedAppreciationDepreciationNet
14224000
CY2022Q3 us-gaap Tax Basis Of Investments Cost For Income Tax Purposes
TaxBasisOfInvestmentsCostForIncomeTaxPurposes
300913000
CY2021Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
538380000
CY2021Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
412144000
CY2021Q4 us-gaap Non Investment Assets Less Non Investment Liabilities
NonInvestmentAssetsLessNonInvestmentLiabilities
-337588000
CY2021Q4 us-gaap Assets Net
AssetsNet
74556000
CY2021 gecc Percentage Of Non Qualifying Assets
PercentageOfNonQualifyingAssets
0.165
CY2021 gecc Investment Repayment Of Borrower To Pay Percentage
InvestmentRepaymentOfBorrowerToPayPercentage
0.0250
CY2021Q4 us-gaap Tax Basis Of Investments Gross Unrealized Appreciation
TaxBasisOfInvestmentsGrossUnrealizedAppreciation
49821000
CY2021Q4 us-gaap Tax Basis Of Investments Gross Unrealized Depreciation
TaxBasisOfInvestmentsGrossUnrealizedDepreciation
162667000
CY2021Q3 us-gaap Long Term Debt Weighted Average Interest Rate Over Time
LongTermDebtWeightedAverageInterestRateOverTime
0.0821
us-gaap Long Term Debt Weighted Average Interest Rate Over Time
LongTermDebtWeightedAverageInterestRateOverTime
0.0734
CY2021Q4 us-gaap Tax Basis Of Investments Cost For Income Tax Purposes
TaxBasisOfInvestmentsCostForIncomeTaxPurposes
524990000
us-gaap Long Term Debt Weighted Average Interest Rate Over Time
LongTermDebtWeightedAverageInterestRateOverTime
0.0777
us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-22.17
us-gaap-supplement Management And Service Fees Base Rate
ManagementAndServiceFeesBaseRate
0.0150
CY2021Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
412144000
CY2021Q4 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
5.5280
CY2021Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
412144000
CY2021Q4 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
5.5280
CY2021Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
412144000
CY2021Q4 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
5.5280
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2016-04-22
gecc Reverse Stock Split Effective Date
ReverseStockSplitEffectiveDate
2022-02-28
CY2022Q3 us-gaap Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
145933000
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:12.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Use of Estimates</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">. The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Changes in the economic environment, financial markets and any other parameters used in determining these estimates could cause actual results to differ materially.</span></p>
CY2022Q3 us-gaap Management Fee Expense
ManagementFeeExpense
804000
us-gaap Management Fee Expense
ManagementFeeExpense
2355000
gecc Percentage Of Investment Company Taxable Income
PercentageOfInvestmentCompanyTaxableIncome
0.90
gecc Percentage Of Net Ordinary Income
PercentageOfNetOrdinaryIncome
0.98
gecc Percentage Of Capital Gain Net Income
PercentageOfCapitalGainNetIncome
0.982
gecc Percentage Of Excise Tax On Minimum Distribution Amount
PercentageOfExciseTaxOnMinimumDistributionAmount
0.04
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
123000
CY2021 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
48000
us-gaap Interest Expense Debt
InterestExpenseDebt
7636000
CY2022Q3 us-gaap Long Term Debt Weighted Average Interest Rate Over Time
LongTermDebtWeightedAverageInterestRateOverTime
0.0726
CY2021Q3 us-gaap Management Fee Expense
ManagementFeeExpense
876000
us-gaap Management Fee Expense
ManagementFeeExpense
2301000
CY2022Q3 us-gaap Management Fee Payable
ManagementFeePayable
805000
CY2021Q4 us-gaap Management Fee Payable
ManagementFeePayable
881000
us-gaap-supplement Management And Service Fees Incentive Rate
ManagementAndServiceFeesIncentiveRate
0.20
gecc Hurdle Rate Income Incentive Fee Calculation On Quarterly Basis
HurdleRateIncomeIncentiveFeeCalculationOnQuarterlyBasis
0.0175
gecc Annualized Hurdle Rate On Income Incentive Fee Calculation
AnnualizedHurdleRateOnIncomeIncentiveFeeCalculation
0.070
gecc Percentage Of Annualized Pre Incentive Fee Net Investment Income Subject To Catch Up Provision
PercentageOfAnnualizedPreIncentiveFeeNetInvestmentIncomeSubjectToCatchUpProvision
0.0875
gecc Receivable Percentage Of Pre Incentive Fee Net Investment Income
ReceivablePercentageOfPreIncentiveFeeNetInvestmentIncome
0.200
gecc Percentage Of Net Assets
PercentageOfNetAssets
0.0175
gecc Percentage Of Cumulative Pre Incentive Fee Net Return
PercentageOfCumulativePreIncentiveFeeNetReturn
0.20
CY2022Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
286689000
CY2021Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
412144000
CY2022Q3 us-gaap Ratio Of Indebtedness To Net Capital1
RatioOfIndebtednessToNetCapital1
165.5
CY2022Q3 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
2343000
CY2021Q3 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
2499000
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
7026000
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
6480000
CY2022Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
328000
CY2021Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
648000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
982000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1156000
CY2022Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
2671000
CY2021Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
3147000
us-gaap Interest Expense Debt
InterestExpenseDebt
8008000
CY2021Q3 us-gaap Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
152145000
us-gaap Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
145933000
us-gaap Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
131453000
CY2021Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
16.63
CY2020Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
20.74
us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
1.80
us-gaap Investment Company Net Asset Value Per Share Period Increase Decrease
InvestmentCompanyNetAssetValuePerSharePeriodIncreaseDecrease
-1.50
us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
1.42
us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
1.32
us-gaap Investment Company Net Asset Value Per Share Period Increase Decrease
InvestmentCompanyNetAssetValuePerSharePeriodIncreaseDecrease
-1.80
CY2022Q2 gecc Number Of New Shares Of Common Stock Purchased
NumberOfNewSharesOfCommonStockPurchased
1
CY2022Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
12.50
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3000567
CY2022Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
37507000
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
On February 28, 2022, the Company effected a 6-for-1 reverse stock split of the Company’s outstanding common stock. As a result of the reverse stock split, every six shares of the Company’s issued and outstanding common stock were converted into one share of issued and outstanding common stock.
CY2022Q1 gecc Stockholders Equity Note Fractional Shares
StockholdersEquityNoteFractionalShares
4
CY2022Q1 gecc Stockholders Equity Note Fractional Shares Aggregate Amount Of Redemption
StockholdersEquityNoteFractionalSharesAggregateAmountOfRedemption
0.1
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
117117
CY2022Q1 us-gaap Common Stock Value
CommonStockValue
2600000
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
138888
CY2021Q3 us-gaap Common Stock Value
CommonStockValue
3250000
CY2021Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
79797
us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-1.01
gecc Investment Company Net Changes In Unrealized Appreciation Depreciation
InvestmentCompanyNetChangesInUnrealizedAppreciationDepreciation
19.32
gecc Investment Company Net Changes In Unrealized Appreciation Depreciation
InvestmentCompanyNetChangesInUnrealizedAppreciationDepreciation
2.71
us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
-1.43
us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
3.02
gecc Investment Company Issuance Of Common Stock
InvestmentCompanyIssuanceOfCommonStock
-1.14
gecc Investment Company Issuance Of Common Stock
InvestmentCompanyIssuanceOfCommonStock
0.21
us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
1.50
CY2021Q3 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
22.17
CY2022Q3 us-gaap-supplement Investment Company Market Value Per Share
InvestmentCompanyMarketValuePerShare
9.30
CY2021Q3 us-gaap-supplement Investment Company Market Value Per Share
InvestmentCompanyMarketValuePerShare
20.94
CY2022Q3 us-gaap Shares Outstanding
SharesOutstanding
7601958
CY2021Q3 us-gaap Shares Outstanding
SharesOutstanding
4484278
us-gaap Investment Company Total Return After Incentive Fees
InvestmentCompanyTotalReturnAfterIncentiveFees
-0.1580
us-gaap Investment Company Total Return After Incentive Fees
InvestmentCompanyTotalReturnAfterIncentiveFees
0.1857
us-gaap-supplement Investment Company Total Return Market Value
InvestmentCompanyTotalReturnMarketValue
-0.4311
us-gaap-supplement Investment Company Total Return Market Value
InvestmentCompanyTotalReturnMarketValue
0.0835
CY2022Q3 us-gaap Assets Net
AssetsNet
95516000
CY2021Q3 us-gaap Assets Net
AssetsNet
99425000
gecc Investment Company Ratio Of Total Expenses To Average Net Assets Before Waiver
InvestmentCompanyRatioOfTotalExpensesToAverageNetAssetsBeforeWaiver
0.2227
gecc Investment Company Ratio Of Total Expenses To Average Net Assets Before Waiver
InvestmentCompanyRatioOfTotalExpensesToAverageNetAssetsBeforeWaiver
0.2046
us-gaap Investment Company Expense Ratio Including Voluntary Fee Waiver
InvestmentCompanyExpenseRatioIncludingVoluntaryFeeWaiver
0.1639
us-gaap Investment Company Expense Ratio Including Voluntary Fee Waiver
InvestmentCompanyExpenseRatioIncludingVoluntaryFeeWaiver
0.2046
us-gaap Investment Company Incentive Fee To Average Net Assets
InvestmentCompanyIncentiveFeeToAverageNetAssets
0.0101
us-gaap Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
0.1130
us-gaap Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
0.0819
us-gaap-supplement Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
0.45
us-gaap-supplement Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
0.48
gecc Average Net Assets
AverageNetAssets
82579000
gecc Average Net Assets
AverageNetAssets
88183000
gecc Percentage Of Aggregate Fair Value Of Non Controlled Affiliated Investments
PercentageOfAggregateFairValueOfNonControlledAffiliatedInvestments
0.03
gecc Percentage Of Aggregate Fair Value Of Controlled Investments
PercentageOfAggregateFairValueOfControlledInvestments
0.47

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