2023 Q3 Form 10-Q Financial Statement

#000143774923021420 Filed on August 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $17.53M $12.20M $17.62M
YoY Change -3.19% -30.79% 21.51%
Cost Of Revenue $11.21M $11.32M $9.538M
YoY Change -3.67% 18.67% 38.63%
Gross Profit -$11.41M $877.0K $8.085M
YoY Change -276.24% -89.15% 6.06%
Gross Profit Margin -65.08% 7.19% 45.88%
Selling, General & Admin $390.0K $546.0K $362.0K
YoY Change 2.36% 50.83% -18.1%
% of Gross Profit 62.26% 4.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $400.0K $546.0K $362.0K
YoY Change 4.99% 50.83% -18.1%
Operating Profit -$11.81M $331.0K $7.723M
YoY Change -293.83% -95.71% 7.55%
Interest Expense $7.107M $7.179M $4.225M
YoY Change 33.11% 69.92%
% of Operating Profit 2168.88% 54.71%
Other Income/Expense, Net
YoY Change
Pretax Income -$11.80M $331.0K $7.723M
YoY Change -293.66% -95.71% 13.81%
Income Tax $180.0K $179.0K $106.0K
% Of Pretax Income 54.08% 1.37%
Net Earnings -$11.98M $152.0K $7.617M
YoY Change -299.9% -98.0% 13.18%
Net Earnings / Revenue -68.33% 1.25% 43.22%
Basic Earnings Per Share $0.53 $0.54 $0.35
Diluted Earnings Per Share -$0.37 $0.01 $313.4K
COMMON SHARES
Basic Shares Outstanding 32.10M 28.66M 24.30M
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $47.30M $50.26M $76.31M
YoY Change 49.82% -34.14% 91.58%
Cash & Equivalents $50.11M $25.87M $21.96M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $61.40M $65.15M $85.40M
YoY Change 44.31% -23.7% 85.92%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $731.9M $715.4M $579.1M
YoY Change 15.04% 23.54% 42.76%
Other Assets $2.904M
YoY Change
Total Long-Term Assets $735.8M $722.3M $582.5M
YoY Change 15.18% 23.99% 42.71%
TOTAL ASSETS
Total Short-Term Assets $61.40M $65.15M $85.40M
Total Long-Term Assets $735.8M $722.3M $582.5M
Total Assets $797.2M $787.4M $667.9M
YoY Change 17.0% 17.89% 47.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $3.100M $2.200M $2.017M
YoY Change 46.3% 9.07% 36.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $66.30M $42.93M $9.537M
YoY Change 934.0% 350.18% 230.46%
Total Short-Term Liabilities $81.50M $56.91M $22.03M
YoY Change 286.2% 158.35% 75.68%
LONG-TERM LIABILITIES
Long-Term Debt $369.2M $375.1M $355.3M
YoY Change 4.71% 5.57% 63.49%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $369.2M $375.1M $355.3M
YoY Change 4.71% 5.57% 63.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $81.50M $56.91M $22.03M
Total Long-Term Liabilities $369.2M $375.1M $355.3M
Total Liabilities $450.7M $432.0M $377.3M
YoY Change 20.6% 14.49% 64.15%
SHAREHOLDERS EQUITY
Retained Earnings -$105.2M -$82.18M
YoY Change
Common Stock $35.00K $34.00K
YoY Change 29.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $346.6M $355.4M $290.6M
YoY Change
Total Liabilities & Shareholders Equity $797.2M $787.4M $667.9M
YoY Change 17.0% 17.89% 47.08%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$11.98M $152.0K $7.617M
YoY Change -299.9% -98.0% 13.18%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$23.73M -$5.484M -$55.38M
YoY Change -52.65% -90.1% 213.19%
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 $10.34M
YoY Change 78.06%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 20.68M 12.12M 117.3M
YoY Change 282.18% -89.67% -607.94%
NET CHANGE
Cash From Operating Activities -23.73M -5.484M -55.38M
Cash From Investing Activities
Cash From Financing Activities 20.68M 12.12M 117.3M
Net Change In Cash -3.050M 6.635M 61.92M
YoY Change -93.18% -89.28% -251.86%
FREE CASH FLOW
Cash From Operating Activities -$23.73M -$5.484M -$55.38M
Capital Expenditures
Free Cash Flow
YoY Change

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us-gaap Gain Loss On Sale Of Investments
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us-gaap Gain Loss On Sale Of Investments
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us-gaap Unrealized Gain Loss On Investments
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us-gaap Unrealized Gain Loss On Investments
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us-gaap Payments For Purchase Of Securities Operating Activities
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us-gaap Payments For Purchase Of Securities Operating Activities
PaymentsForPurchaseOfSecuritiesOperatingActivities
253720000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Securities Operating Activities
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64496000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Securities Operating Activities
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87473000 usd
us-gaap Interest Income Operating Paid In Kind
InterestIncomeOperatingPaidInKind
2154000 usd
us-gaap Interest Income Operating Paid In Kind
InterestIncomeOperatingPaidInKind
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us-gaap Proceeds From Sale Of Securities Operating Activities
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us-gaap Proceeds From Sale Of Securities Operating Activities
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hrzn Equity Received In Settlement Of Fee Income
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hrzn Equity Received In Settlement Of Fee Income
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us-gaap Increase Decrease In Accrued Interest Receivable Net
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us-gaap Increase Decrease In Accrued Interest Receivable Net
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1019000 usd
hrzn Increase Decrease In Endofterm Payments
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1291000 usd
hrzn Increase Decrease In Endofterm Payments
IncreaseDecreaseInEndoftermPayments
1911000 usd
hrzn Increase Decrease In Unearned Income
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2291000 usd
hrzn Increase Decrease In Unearned Income
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Other Operating Assets
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620000 usd
us-gaap Increase Decrease In Other Accrued Liabilities
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us-gaap Increase Decrease In Other Accrued Liabilities
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us-gaap Increase Decrease In Management Fee Payable
IncreaseDecreaseInManagementFeePayable
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us-gaap Increase Decrease In Management Fee Payable
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165000 usd
us-gaap Increase Decrease In Incentive Fee Payable
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us-gaap Increase Decrease In Incentive Fee Payable
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130000 usd
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Proceeds From Notes Payable
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us-gaap Proceeds From Notes Payable
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us-gaap Proceeds From Issuance Of Common Stock
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51175000 usd
us-gaap Proceeds From Issuance Of Common Stock
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48529000 usd
us-gaap Proceeds From Lines Of Credit
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30000000 usd
us-gaap Proceeds From Lines Of Credit
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119000000 usd
us-gaap Repayments Of Lines Of Credit
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35000000 usd
us-gaap Repayments Of Lines Of Credit
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40000000 usd
us-gaap Payments Of Financing Costs
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729000 usd
us-gaap Payments Of Financing Costs
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2170000 usd
us-gaap Payments Of Dividends
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18229000 usd
us-gaap Payments Of Dividends
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13306000 usd
us-gaap Net Cash Provided By Used In Financing Activities
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15452000 usd
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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30614000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
30466000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
47281000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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53164000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
77895000 usd
us-gaap Interest Paid Net
InterestPaidNet
13409000 usd
us-gaap Interest Paid Net
InterestPaidNet
6535000 usd
hrzn Warrant Investments Received And Recorded As Unearned Income
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hrzn Warrant Investments Received And Recorded As Unearned Income
WarrantInvestmentsReceivedAndRecordedAsUnearnedIncome
1845000 usd
CY2023Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
10592000 usd
CY2022Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
7457000 usd
hrzn Endofterm Payments Receivable Noncash Transaction
EndoftermPaymentsReceivableNoncashTransaction
11074000 usd
hrzn Endofterm Payments Receivable Noncash Transaction
EndoftermPaymentsReceivableNoncashTransaction
7149000 usd
us-gaap Other Significant Noncash Transaction Value Of Consideration Received1
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7182000 usd
us-gaap Other Significant Noncash Transaction Value Of Consideration Received1
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2378000 usd
CY2023Q2 us-gaap Cash
Cash
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CY2022Q2 us-gaap Cash
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54353000 usd
CY2023Q2 us-gaap Money Market Funds At Carrying Value
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25865000 usd
CY2022Q2 us-gaap Money Market Funds At Carrying Value
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21959000 usd
CY2023Q2 us-gaap Restricted Cash Equivalents
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2904000 usd
CY2022Q2 us-gaap Restricted Cash Equivalents
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1583000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53164000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
77895000 usd
CY2023Q2 us-gaap Investment Owned At Cost
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723633000 usd
CY2023Q2 us-gaap Investment Owned At Fair Value
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715391000 usd
CY2023Q2 hrzn Percentage Of Nonqualifying Assets On A Cost Basis
PercentageOfNonqualifyingAssetsOnACostBasis
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CY2023Q2 hrzn Percentage Of Nonqualifying Assets On A Fair Value Basis
PercentageOfNonqualifyingAssetsOnAFairValueBasis
0.053 pure
CY2022Q4 us-gaap Investment Owned At Cost
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721248000 usd
CY2022Q4 us-gaap Investment Owned At Fair Value
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720026000 usd
CY2022Q4 hrzn Percentage Of Nonqualifying Assets On A Cost Basis
PercentageOfNonqualifyingAssetsOnACostBasis
0.065 pure
CY2022Q4 hrzn Percentage Of Nonqualifying Assets On A Fair Value Basis
PercentageOfNonqualifyingAssetsOnAFairValueBasis
0.066 pure
us-gaap Use Of Estimates
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 11pt;"><b><i>Use of estimates</i></b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:18pt;">In preparing the consolidated financial statements in accordance with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities, as of the date of the balance sheet and income and expenses for the period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the valuation of investments.</p>
CY2023Q2 us-gaap Interest Income Operating Paid In Kind
InterestIncomeOperatingPaidInKind
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us-gaap Interest Income Operating Paid In Kind
InterestIncomeOperatingPaidInKind
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CY2022Q2 us-gaap Interest Income Operating Paid In Kind
InterestIncomeOperatingPaidInKind
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CY2023Q2 hrzn Investment Nonaccrual Income Not Received In Cash Percent
InvestmentNonaccrualIncomeNotReceivedInCashPercent
0.031 pure
CY2022Q2 hrzn Investment Nonaccrual Income Not Received In Cash Percent
InvestmentNonaccrualIncomeNotReceivedInCashPercent
0.068 pure
hrzn Investment Nonaccrual Income Not Received In Cash Percent
InvestmentNonaccrualIncomeNotReceivedInCashPercent
0.047 pure
hrzn Investment Nonaccrual Income Not Received In Cash Percent
InvestmentNonaccrualIncomeNotReceivedInCashPercent
0.080 pure
CY2023Q2 us-gaap Deferred Finance Costs Net
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6900000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
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CY2023Q2 us-gaap Accumulated Amortization Deferred Finance Costs
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5800000 usd
CY2022Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
4800000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs
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500000 usd
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
400000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
900000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
700000 usd
CY2023Q2 hrzn Federal Excise Tax Percent
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0.04 pure
CY2023Q2 us-gaap Investment Income Operating Tax Expense Benefit
InvestmentIncomeOperatingTaxExpenseBenefit
200000 usd
CY2022Q2 us-gaap Investment Income Operating Tax Expense Benefit
InvestmentIncomeOperatingTaxExpenseBenefit
100000 usd
us-gaap Investment Income Operating Tax Expense Benefit
InvestmentIncomeOperatingTaxExpenseBenefit
400000 usd
us-gaap Investment Income Operating Tax Expense Benefit
InvestmentIncomeOperatingTaxExpenseBenefit
200000 usd
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
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us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
167465
hrzn Stock Repurchased During Period Per Share
StockRepurchasedDuringPeriodPerShare
11.22
us-gaap Stock Repurchased During Period Value
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CY2023Q2 us-gaap Investment Owned At Cost
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CY2023Q2 us-gaap Investment Owned At Fair Value
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715391000 usd
CY2022Q4 us-gaap Investment Owned At Cost
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CY2022Q4 us-gaap Investment Owned At Fair Value
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CY2023Q2 us-gaap Investment Owned At Cost
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723633000 usd
CY2023Q2 us-gaap Investment Owned At Fair Value
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715391000 usd
CY2022Q4 us-gaap Investment Owned At Cost
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CY2022Q4 us-gaap Investment Owned At Fair Value
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CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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CY2023Q2 hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Warrants And Equity Received
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604000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
24740000 usd
CY2023Q2 hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Payment Inkind Interest
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CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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CY2023Q2 hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Realized Gain Loss Included In Earnings
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CY2023Q2 hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Appreciation Depreciation Included In Earnings
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CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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CY2023Q2 hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Between Investments
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CY2023Q2 hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Other Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOtherPeriodIncreaseDecrease
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CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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514242000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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CY2022Q2 hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Warrants And Equity Received
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CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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CY2022Q2 hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Realized Gain Loss Included In Earnings
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CY2022Q2 hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Appreciation Depreciation Included In Earnings
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CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
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CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Warrants And Equity Received
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Payment Inkind Interest
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Realized Gain Loss Included In Earnings
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hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Appreciation Depreciation Included In Earnings
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
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CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
457557000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
253720000 usd
hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Warrants And Equity Received
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Realized Gain Loss Included In Earnings
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hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Appreciation Depreciation Included In Earnings
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hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Other Period Increase Decrease
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CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
577380000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0 usd
CY2023Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
645807000 usd
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
422557000 usd
CY2023Q2 us-gaap Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
223250000 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
582573000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
439323000 usd
CY2022Q4 us-gaap Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
143250000 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4541000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
5245000 usd
CY2023Q2 us-gaap Debt Instrument Face Amount
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645807000 usd
CY2023Q2 us-gaap Long Term Debt
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418016000 usd
CY2023Q2 us-gaap Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
223250000 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
582573000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
434078000 usd
CY2022Q4 us-gaap Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
143250000 usd
hrzn Asset Coverage To Borrowings Ratio Percent
AssetCoverageToBorrowingsRatioPercent
1.84 pure
CY2023Q2 us-gaap Fair Value Disclosure Offbalance Sheet Risks Face Amount Liability
FairValueDisclosureOffbalanceSheetRisksFaceAmountLiability
143378000 usd
CY2023Q2 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
1412000 usd
CY2022Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Face Amount Liability
FairValueDisclosureOffbalanceSheetRisksFaceAmountLiability
190000000 usd
CY2022Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
1761000 usd
CY2023Q2 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
1400000 usd
CY2022Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
1800000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.66
us-gaap Dividends Common Stock Cash
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12624000 usd
us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
28151
us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
347000 usd
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.28
CY2022 us-gaap Dividends Common Stock Cash
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32659000 usd
CY2022 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
61859
CY2022 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
754000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2023Q2 us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
1.02
CY2022Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
11.47
CY2021Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
11.56
us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
1.00
us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
0.62
us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.58
us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.04
hrzn Investment Company Investment Depreciation Appreciation Per Share
InvestmentCompanyInvestmentDepreciationAppreciationPerShare
-0.23
hrzn Investment Company Investment Depreciation Appreciation Per Share
InvestmentCompanyInvestmentDepreciationAppreciationPerShare
-0.10
us-gaap Investment Company Net Asset Value Per Share Period Increase Decrease
InvestmentCompanyNetAssetValuePerSharePeriodIncreaseDecrease
0.19
us-gaap Investment Company Net Asset Value Per Share Period Increase Decrease
InvestmentCompanyNetAssetValuePerSharePeriodIncreaseDecrease
0.48
us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
0.66
us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
0.60
hrzn Investment Company Distribution To Shareholders Per Share Net Investment Income
InvestmentCompanyDistributionToShareholdersPerShareNetInvestmentIncome
-0.66
hrzn Investment Company Distribution To Shareholders Per Share Net Investment Income
InvestmentCompanyDistributionToShareholdersPerShareNetInvestmentIncome
-0.60
CY2023Q2 hrzn Investment Company Distribution To Shareholders Per Share Net Realized Gain On Investments
InvestmentCompanyDistributionToShareholdersPerShareNetRealizedGainOnInvestments
0
CY2022Q2 hrzn Investment Company Distribution To Shareholders Per Share Net Realized Gain On Investments
InvestmentCompanyDistributionToShareholdersPerShareNetRealizedGainOnInvestments
0
us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
0
us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
0
hrzn Investment Company Distribution To Shareholders Per Share Other
InvestmentCompanyDistributionToShareholdersPerShareOther
0.07
hrzn Investment Company Distribution To Shareholders Per Share Other
InvestmentCompanyDistributionToShareholdersPerShareOther
0.25
CY2023Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
11.07
CY2022Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
11.69
CY2022Q4 us-gaap Share Price
SharePrice
11.60
CY2021Q4 us-gaap Share Price
SharePrice
15.92
CY2023Q2 us-gaap Share Price
SharePrice
12.08
CY2022Q2 us-gaap Share Price
SharePrice
11.54
us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
0.098 pure
us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
-0.237 pure
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32096259
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24857104
us-gaap Investment Company Expense Ratio Excluding Incentive Fee
InvestmentCompanyExpenseRatioExcludingIncentiveFee
0.142 pure
us-gaap Investment Company Expense Ratio Excluding Incentive Fee
InvestmentCompanyExpenseRatioExcludingIncentiveFee
0.108 pure
us-gaap Investment Company Incentive Fee To Average Net Assets
InvestmentCompanyIncentiveFeeToAverageNetAssets
0.019 pure
us-gaap Investment Company Incentive Fee To Average Net Assets
InvestmentCompanyIncentiveFeeToAverageNetAssets
0.026 pure
us-gaap Investment Company Expense Ratio Including Incentive Fee
InvestmentCompanyExpenseRatioIncludingIncentiveFee
0.161 pure
us-gaap Investment Company Expense Ratio Including Incentive Fee
InvestmentCompanyExpenseRatioIncludingIncentiveFee
0.134 pure
us-gaap Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
0.175 pure
us-gaap Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
0.105 pure
CY2023Q2 hrzn Net Assets
NetAssets
355419000 usd
CY2022Q2 hrzn Net Assets
NetAssets
290605000 usd
CY2023Q2 hrzn Average Net Assets
AverageNetAssets
331850000 usd
CY2022Q2 hrzn Average Net Assets
AverageNetAssets
271976000 usd
hrzn Investment Company Average Debt Per Share
InvestmentCompanyAverageDebtPerShare
15.11
hrzn Investment Company Average Debt Per Share
InvestmentCompanyAverageDebtPerShare
12.81
hrzn Investment Company Portfolio Turnover Ratio
InvestmentCompanyPortfolioTurnoverRatio
0.076 pure
hrzn Investment Company Portfolio Turnover Ratio
InvestmentCompanyPortfolioTurnoverRatio
0.113 pure

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