$HRZN
Horizon Technology Finance Corp

2023 Q4 Form 10-Q Financial Statement

#000143774923029551 Filed on October 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $2.662M $17.53M
YoY Change -83.79% -3.19%
Cost Of Revenue $11.77M $11.21M
YoY Change 1.26% -3.67%
Gross Profit -$9.109M -$11.41M
YoY Change -289.81% -276.24%
Gross Profit Margin -342.19% -65.08%
Selling, General & Admin $453.0K $390.0K
YoY Change 22.1% 2.36%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $453.0K $400.0K
YoY Change 22.1% 4.99%
Operating Profit -$9.562M -$11.81M
YoY Change -315.94% -293.83%
Interest Expense $7.107M
YoY Change 33.11%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$9.713M -$11.80M
YoY Change -319.35% -293.66%
Income Tax $948.0K $180.0K
% Of Pretax Income
Net Earnings -$10.66M -$11.98M
YoY Change -365.26% -299.9%
Net Earnings / Revenue -400.49% -68.33%
Basic Earnings Per Share $0.53
Diluted Earnings Per Share -$0.32 -$0.37
COMMON SHARES
Basic Shares Outstanding 33.33M 32.10M
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $73.08M $47.30M
YoY Change 164.04% 49.82%
Cash & Equivalents $75.72M $50.11M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $87.01M $61.40M
YoY Change 110.92% 44.31%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $711.7M $731.9M
YoY Change -1.53% 15.04%
Other Assets
YoY Change
Total Long-Term Assets $715.4M $735.8M
YoY Change -1.41% 15.18%
TOTAL ASSETS
Total Short-Term Assets $87.01M $61.40M
Total Long-Term Assets $715.4M $735.8M
Total Assets $802.4M $797.2M
YoY Change 4.63% 17.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $4.077M $3.100M
YoY Change 51.9% 46.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $47.93M $66.30M
YoY Change 262.83% 934.0%
Total Short-Term Liabilities $64.07M $81.50M
YoY Change 132.9% 286.2%
LONG-TERM LIABILITIES
Long-Term Debt $414.3M $369.2M
YoY Change -1.56% 4.71%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $414.3M $369.2M
YoY Change -1.56% 4.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $64.07M $81.50M
Total Long-Term Liabilities $414.3M $369.2M
Total Liabilities $478.4M $450.7M
YoY Change 6.69% 20.6%
SHAREHOLDERS EQUITY
Retained Earnings -$127.0M -$105.2M
YoY Change 88.15%
Common Stock $36.00K $35.00K
YoY Change 24.14% 29.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $324.0M $346.6M
YoY Change
Total Liabilities & Shareholders Equity $802.4M $797.2M
YoY Change 4.63% 17.0%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$10.66M -$11.98M
YoY Change -365.26% -299.9%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $11.22M -$23.73M
YoY Change -113.14% -52.65%
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
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 14.39M 20.68M
YoY Change -82.6% 282.18%
NET CHANGE
Cash From Operating Activities 11.22M -23.73M
Cash From Investing Activities
Cash From Financing Activities 14.39M 20.68M
Net Change In Cash 25.61M -3.050M
YoY Change -1040.89% -93.18%
FREE CASH FLOW
Cash From Operating Activities $11.22M -$23.73M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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us-gaap Proceeds From Maturities Prepayments And Calls Of Securities Operating Activities
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90222000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Securities Operating Activities
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114433000 usd
us-gaap Interest Income Operating Paid In Kind
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6088000 usd
us-gaap Interest Income Operating Paid In Kind
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us-gaap Proceeds From Sale Of Securities Operating Activities
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11063000 usd
us-gaap Proceeds From Sale Of Securities Operating Activities
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49681000 usd
hrzn Equity Received In Settlement Of Fee Income
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hrzn Equity Received In Settlement Of Fee Income
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hrzn Warrants Received In Settlement Of Fee Income
WarrantsReceivedInSettlementOfFeeIncome
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hrzn Warrants 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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2175000 usd
hrzn Increase Decrease In Endofterm Payments
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1960000 usd
hrzn Increase Decrease In Endofterm Payments
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3003000 usd
hrzn Increase Decrease In Unearned Income
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2621000 usd
hrzn Increase Decrease In Unearned Income
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274000 usd
us-gaap Increase Decrease In Other Operating Assets
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837000 usd
us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Other Accrued Liabilities
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414000 usd
us-gaap Increase Decrease In Other Accrued Liabilities
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193000 usd
us-gaap Increase Decrease In Management Fee Payable
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15000 usd
us-gaap Increase Decrease In Management Fee Payable
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1164000 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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769000 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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57500000 usd
us-gaap Proceeds From Issuance Of Common Stock
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65031000 usd
us-gaap Proceeds From Issuance Of Common Stock
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67525000 usd
us-gaap Proceeds From Lines Of Credit
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59250000 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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47000000 usd
us-gaap Payments Of Financing Costs
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732000 usd
us-gaap Payments Of Financing Costs
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2470000 usd
us-gaap Payments Of Dividends
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28548000 usd
us-gaap Payments Of Dividends
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20752000 usd
us-gaap Net Cash Provided By Used In Financing Activities
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36125000 usd
us-gaap Net Cash Provided By Used In Financing Activities
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146762000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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19645000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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30466000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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47281000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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50111000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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33188000 usd
us-gaap Interest Paid Net
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19956000 usd
us-gaap Interest Paid Net
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11543000 usd
hrzn Warrant Investments Received And Recorded As Unearned Income
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1870000 usd
hrzn Warrant Investments Received And Recorded As Unearned Income
WarrantInvestmentsReceivedAndRecordedAsUnearnedIncome
2969000 usd
CY2023Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
10991000 usd
CY2022Q3 us-gaap Dividends Payable Current And Noncurrent
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7918000 usd
hrzn Endofterm Payments Receivable Noncash Transaction
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11743000 usd
hrzn Endofterm Payments Receivable Noncash Transaction
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8240000 usd
us-gaap Other Significant Noncash Transaction Value Of Consideration Received1
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12861000 usd
us-gaap Other Significant Noncash Transaction Value Of Consideration Received1
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4504000 usd
CY2023Q3 us-gaap Cash
Cash
34816000 usd
CY2022Q3 us-gaap Cash
Cash
23839000 usd
CY2023Q3 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
12457000 usd
CY2022Q3 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
7732000 usd
CY2023Q3 us-gaap Restricted Cash Equivalents
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2838000 usd
CY2022Q3 us-gaap Restricted Cash Equivalents
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1617000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50111000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33188000 usd
CY2023Q3 us-gaap Investment Owned At Cost
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754814000 usd
CY2023Q3 us-gaap Investment Owned At Fair Value
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729053000 usd
CY2023Q3 hrzn Percentage Of Nonqualifying Assets On A Cost Basis
PercentageOfNonqualifyingAssetsOnACostBasis
0.045 pure
CY2023Q3 hrzn Percentage Of Nonqualifying Assets On A Fair Value Basis
PercentageOfNonqualifyingAssetsOnAFairValueBasis
0.039 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
CY2023Q3 hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Payment Inkind Interest
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPaymentInkindInterest
3934000 usd
CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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2557000 usd
CY2023Q3 hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Realized Gain Loss Included In Earnings
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CY2023Q3 hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Appreciation Depreciation Included In Earnings
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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>
CY2023Q3 us-gaap Interest Income Operating Paid In Kind
InterestIncomeOperatingPaidInKind
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us-gaap Interest Income Operating Paid In Kind
InterestIncomeOperatingPaidInKind
6100000 usd
CY2022Q3 us-gaap Interest Income Operating Paid In Kind
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CY2023Q3 hrzn Investment Nonaccrual Income Not Received In Cash Percent
InvestmentNonaccrualIncomeNotReceivedInCashPercent
0.051 pure
CY2022Q3 hrzn Investment Nonaccrual Income Not Received In Cash Percent
InvestmentNonaccrualIncomeNotReceivedInCashPercent
0.070 pure
hrzn Investment Nonaccrual Income Not Received In Cash Percent
InvestmentNonaccrualIncomeNotReceivedInCashPercent
0.049 pure
hrzn Investment Nonaccrual Income Not Received In Cash Percent
InvestmentNonaccrualIncomeNotReceivedInCashPercent
0.075 pure
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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5000000.0 usd
CY2023Q3 us-gaap Deferred Finance Costs Net
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6400000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
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7100000 usd
CY2023Q3 us-gaap Accumulated Amortization Deferred Finance Costs
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6300000 usd
CY2022Q4 us-gaap Accumulated Amortization Deferred Finance Costs
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4800000 usd
CY2023Q3 us-gaap Amortization Of Financing Costs
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500000 usd
CY2022Q3 us-gaap Amortization Of Financing Costs
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400000 usd
us-gaap Amortization Of Financing Costs
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1400000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1100000 usd
CY2023Q3 hrzn Federal Excise Tax Percent
FederalExciseTaxPercent
0.04 pure
CY2023Q3 us-gaap Investment Income Operating Tax Expense Benefit
InvestmentIncomeOperatingTaxExpenseBenefit
200000 usd
CY2022Q3 us-gaap Investment Income Operating Tax Expense Benefit
InvestmentIncomeOperatingTaxExpenseBenefit
100000 usd
us-gaap Investment Income Operating Tax Expense Benefit
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500000 usd
us-gaap Investment Income Operating Tax Expense Benefit
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300000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
167465
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11.22
us-gaap Stock Repurchased During Period Value
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CY2023Q3 us-gaap Investment Owned At Cost
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754814000 usd
CY2023Q3 us-gaap Investment Owned At Fair Value
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729053000 usd
CY2022Q4 us-gaap Investment Owned At Cost
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CY2022Q4 us-gaap Investment Owned At Fair Value
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754814000 usd
CY2023Q3 us-gaap Investment Owned At Fair Value
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729053000 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 Value
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CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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CY2023Q3 hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Warrants And Equity Received
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1294000 usd
CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
25726000 usd
CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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CY2023Q3 hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Between Investments
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CY2023Q3 hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Other Period Increase Decrease
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CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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719135000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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577380000 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
94627000 usd
CY2022Q3 hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Warrants And Equity Received
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CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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CY2022Q3 hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Realized Gain Loss Included In Earnings
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CY2022Q3 hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Appreciation Depreciation Included In Earnings
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CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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CY2022Q3 hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Between Investments
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CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
716319000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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2039000 usd
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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11063000 usd
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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hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Between Investments
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CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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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
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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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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 Appreciation Depreciation Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAppreciationDepreciationIncludedInEarnings
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Between Investments
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersBetweenInvestments
0 usd
hrzn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Other Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOtherPeriodIncreaseDecrease
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CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
634259000 usd
CY2023Q3 us-gaap Debt Instrument Face Amount
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633696000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
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439696000 usd
CY2023Q3 us-gaap Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
194000000 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
582573000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
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439323000 usd
CY2022Q4 us-gaap Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
143250000 usd
CY2023Q3 us-gaap Debt Instrument Face Amount
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633696000 usd
CY2023Q3 us-gaap Long Term Debt
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435500000 usd
CY2023Q3 us-gaap Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
194000000 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
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582573000 usd
CY2022Q4 us-gaap Long Term Debt
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434078000 usd
CY2022Q4 us-gaap Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
143250000 usd
hrzn Asset Coverage To Borrowings Ratio Percent
AssetCoverageToBorrowingsRatioPercent
1.79 pure
CY2023Q3 us-gaap Other Commitment
OtherCommitment
181800000 usd
CY2023Q3 us-gaap Fair Value Disclosure Offbalance Sheet Risks Face Amount Liability
FairValueDisclosureOffbalanceSheetRisksFaceAmountLiability
181750000 usd
CY2023Q3 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
2036000 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
CY2023Q3 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
2000000.0 usd
CY2022Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
1800000 usd
us-gaap Common Stock Dividends Per Share Declared
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0.99
us-gaap Dividends Common Stock Cash
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22954000 usd
us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
60190
us-gaap Dividends Common Stock Stock
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742000 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
CY2023Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2023Q3 us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
1.23
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
1.54
us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
1.06
us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.95
us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.40
hrzn Investment Company Investment Depreciation Appreciation Per Share
InvestmentCompanyInvestmentDepreciationAppreciationPerShare
-0.81
hrzn Investment Company Investment Depreciation Appreciation Per Share
InvestmentCompanyInvestmentDepreciationAppreciationPerShare
0.05
us-gaap Investment Company Net Asset Value Per Share Period Increase Decrease
InvestmentCompanyNetAssetValuePerSharePeriodIncreaseDecrease
-0.22
us-gaap Investment Company Net Asset Value Per Share Period Increase Decrease
InvestmentCompanyNetAssetValuePerSharePeriodIncreaseDecrease
0.71
us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
0.99
us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
0.90
hrzn Investment Company Distribution To Shareholders Per Share Net Investment Income
InvestmentCompanyDistributionToShareholdersPerShareNetInvestmentIncome
-0.99
hrzn Investment Company Distribution To Shareholders Per Share Net Investment Income
InvestmentCompanyDistributionToShareholdersPerShareNetInvestmentIncome
-0.90
CY2023Q3 hrzn Investment Company Distribution To Shareholders Per Share Net Realized Gain On Investments
InvestmentCompanyDistributionToShareholdersPerShareNetRealizedGainOnInvestments
0
CY2022Q3 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
0.15
hrzn Investment Company Distribution To Shareholders Per Share Other
InvestmentCompanyDistributionToShareholdersPerShareOther
0.29
CY2023Q3 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
10.41
CY2022Q3 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
11.66
CY2022Q4 us-gaap Share Price
SharePrice
11.60
CY2021Q4 us-gaap Share Price
SharePrice
15.92
CY2023Q3 us-gaap Share Price
SharePrice
11.88
CY2022Q3 us-gaap Share Price
SharePrice
10.01
us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
0.109 pure
us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
-0.315 pure
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33306958
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
26393773
us-gaap Investment Company Expense Ratio Excluding Incentive Fee
InvestmentCompanyExpenseRatioExcludingIncentiveFee
0.140 pure
us-gaap Investment Company Expense Ratio Excluding Incentive Fee
InvestmentCompanyExpenseRatioExcludingIncentiveFee
0.114 pure
us-gaap Investment Company Incentive Fee To Average Net Assets
InvestmentCompanyIncentiveFeeToAverageNetAssets
0.012 pure
us-gaap Investment Company Incentive Fee To Average Net Assets
InvestmentCompanyIncentiveFeeToAverageNetAssets
0.030 pure
us-gaap Investment Company Expense Ratio Including Incentive Fee
InvestmentCompanyExpenseRatioIncludingIncentiveFee
0.152 pure
us-gaap Investment Company Expense Ratio Including Incentive Fee
InvestmentCompanyExpenseRatioIncludingIncentiveFee
0.144 pure
us-gaap Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
0.185 pure
us-gaap Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
0.121 pure
CY2023Q3 hrzn Net Assets
NetAssets
346575000 usd
CY2022Q3 hrzn Net Assets
NetAssets
307687000 usd
CY2023Q3 hrzn Average Net Assets
AverageNetAssets
335531000 usd
CY2022Q3 hrzn Average Net Assets
AverageNetAssets
280904000 usd
hrzn Investment Company Average Debt Per Share
InvestmentCompanyAverageDebtPerShare
14.29
hrzn Investment Company Average Debt Per Share
InvestmentCompanyAverageDebtPerShare
13.32
hrzn Investment Company Portfolio Turnover Ratio
InvestmentCompanyPortfolioTurnoverRatio
0.100 pure
hrzn Investment Company Portfolio Turnover Ratio
InvestmentCompanyPortfolioTurnoverRatio
0.149 pure

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