2023 Q1 Form 10-K Financial Statement

#000121390023019300 Filed on March 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $19.28M $40.18M
YoY Change 210.35% 296.75%
Cost Of Revenue $32.14M
YoY Change 385.82%
Gross Profit $42.69M
YoY Change 251.66%
Gross Profit Margin 106.25%
Selling, General & Admin $2.513M
YoY Change 24.84%
% of Gross Profit 5.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $17.08M $34.65M
YoY Change 200.56% 301.6%
Operating Profit $8.042M
YoY Change 128.99%
Interest Expense $11.52M $20.29M
YoY Change 310.36% 355.49%
% of Operating Profit 252.33%
Other Income/Expense, Net
YoY Change
Pretax Income $45.77M
YoY Change 105.33%
Income Tax
% Of Pretax Income
Net Earnings $19.41M $45.77M
YoY Change 238.75% 105.33%
Net Earnings / Revenue 100.65% 113.9%
Basic Earnings Per Share $0.54 $1.68
Diluted Earnings Per Share $0.54 $1.68
COMMON SHARES
Basic Shares Outstanding 35.94M shares 32.92M shares 27.18M shares
Diluted Shares Outstanding 35.93M shares 27.18M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.526M
YoY Change 318.97%
Cash & Equivalents $11.21M $8.526M $8.526M
Short-Term Investments
Other Short-Term Assets $347.0K
YoY Change 134.46%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $8.984M
YoY Change 311.54%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $7.339M $7.148M $1.175B
YoY Change 2759.2% 101.84%
Other Assets $0.00
YoY Change -100.0%
Total Long-Term Assets $1.185B
YoY Change 102.88%
TOTAL ASSETS
Total Short-Term Assets $8.984M
Total Long-Term Assets $1.185B
Total Assets $1.295B $1.194B $1.194B
YoY Change 103.66% 103.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $7.201M
YoY Change 184.06%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $30.76M
YoY Change 276.66%
LONG-TERM LIABILITIES
Long-Term Debt $577.0M
YoY Change 116.1%
Other Long-Term Liabilities -$5.409M
YoY Change 704.91%
Total Long-Term Liabilities $571.6M
YoY Change 114.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.76M
Total Long-Term Liabilities $571.6M
Total Liabilities $699.3M $602.4M $602.4M
YoY Change 119.44% 119.44%
SHAREHOLDERS EQUITY
Retained Earnings $19.98M $17.47M
YoY Change 55.6%
Common Stock $36.00K $36.00K
YoY Change 89.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $595.5M $592.0M $592.0M
YoY Change
Total Liabilities & Shareholders Equity $1.295B $1.194B $1.194B
YoY Change 103.66% 103.66%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $19.41M $45.77M
YoY Change 238.75% 105.33%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$76.89M -$541.8M
YoY Change 146.84% -3.11%
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 $268.2M
YoY Change -10.45%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $79.57M $548.3M
YoY Change 127.79% -2.3%
NET CHANGE
Cash From Operating Activities -$76.89M -$541.8M
Cash From Investing Activities
Cash From Financing Activities $79.57M $548.3M
Net Change In Cash $2.680M $6.491M
YoY Change -29.14% 220.54%
FREE CASH FLOW
Cash From Operating Activities -$76.89M -$541.8M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2022 ck0001747172 Borrowings On Revolving Funding Facility Net
BorrowingsOnRevolvingFundingFacilityNet
200000000 usd
CY2022 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
-162000000 usd
CY2021 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
162000000 usd
CY2022 ck0001747172 Borrowings On Subscription And Credit Agreement Net
BorrowingsOnSubscriptionAndCreditAgreementNet
3000000 usd
CY2021 ck0001747172 Borrowings On Subscription And Credit Agreement Net
BorrowingsOnSubscriptionAndCreditAgreementNet
105000000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6859000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
932000 usd
CY2022 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
23098000 usd
CY2021 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
4407000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
268218000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
299501000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
548261000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
561162000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
6491000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
2025000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2035000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8526000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2035000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
14211000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
2346000 usd
CY2022 ck0001747172 Noncash Financing Activities Not Included Herein Consisted Of Reinvestment Of Dividends
NoncashFinancingActivitiesNotIncludedHereinConsistedOfReinvestmentOfDividends
5642000 usd
CY2021 ck0001747172 Noncash Financing Activities Not Included Herein Consisted Of Reinvestment Of Dividends
NoncashFinancingActivitiesNotIncludedHereinConsistedOfReinvestmentOfDividends
1492000 usd
CY2022Q4 us-gaap Other Commitment
OtherCommitment
808212000 usd
CY2021 ck0001747172 Realized Investment Gains Losse
RealizedInvestmentGainsLosse
156000 usd
CY2021 ck0001747172 Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Net Accretion Of Discount
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetNetAccretionOfDiscount
1175000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
578445000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">C.<i> Use of Estimates</i>—the preparation of 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 as of the date of the financial statements and the reported amounts of income and expenses during the period. Actual results could differ materially from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </p>
CY2022 ck0001747172 Third Party Valuation Percentage
ThirdPartyValuationPercentage
0.25 pure
CY2022 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
368182000 usd
CY2021 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
91355000 usd
CY2022 ck0001747172 Distributions Percentage
DistributionsPercentage
0.90 pure
CY2022 us-gaap Quarterly Financial Information Income Taxes Significant Variation Description
QuarterlyFinancialInformationIncomeTaxesSignificantVariationDescription
All RICs are subject to a non-deductible 4% excise tax on income that is not distributed on a timely basis in accordance with the calendar year distribution requirements. To avoid the tax, the Company must distribute during each calendar year an amount at least equal to the sum of (i) 98% of its ordinary income for the calendar year, (ii) 98.2% of its net capital gains for the one-year period ending on December 31, the last day of our taxable year, and (iii) undistributed amounts from previous years on which the Company paid no U.S. federal income tax.
CY2022 ck0001747172 Base Management Fee Annual Rate
BaseManagementFeeAnnualRate
0.015 pure
CY2022 ck0001747172 Fair Market Value In Percentage
FairMarketValueInPercentage
0.01 pure
CY2022 us-gaap Management Fee Expense
ManagementFeeExpense
7147000 usd
CY2022 us-gaap Investment Company Incentive Fee To Average Net Assets
InvestmentCompanyIncentiveFeeToAverageNetAssets
0.015 pure
CY2022 us-gaap Investment Company Total Return After Incentive Fees
InvestmentCompanyTotalReturnAfterIncentiveFees
0.06 pure
CY2022 us-gaap Incentive Fee Description
IncentiveFeeDescription
●Prior to an Exchange Listing: 100% of our pre-incentive fee net investment income for the immediately preceding calendar quarter in excess of 1.50% of the Company’s NAV at the end of the immediately preceding calendar quarter until the Advisor has received 10% of the total pre-incentive fee net income for that calendar quarter and, for pre-incentive fee net investment income in excess of 1.6667%, 10% of all remaining pre-incentive fee net investment income for that quarter.   ● After an Exchange Listing: 100% of the Company’s pre-incentive fee net investment income for the immediately preceding calendar quarter in excess of 1.50% of the Company’s NAV at the end of the immediately preceding calendar quarter until the Advisor has received 15% of the total pre-incentive fee net income for that calendar quarter and, for pre-incentive fee net investment income in excess of 1.7647%, 15% of all remaining pre-incentive fee net investment income for that quarter.  
CY2022Q4 us-gaap-sup Incentive Fee Payable
IncentiveFeePayable
4698000 usd
CY2021Q4 us-gaap-sup Incentive Fee Payable
IncentiveFeePayable
31000 usd
CY2021 us-gaap Closed Block Operations Realized Investment Gains Losses
ClosedBlockOperationsRealizedInvestmentGainsLosses
34000 usd
CY2021 ck0001747172 Payment Of Incentive Fees
PaymentOfIncentiveFees
65000 usd
CY2018Q4 us-gaap Contribution Of Property
ContributionOfProperty
10000 usd
CY2022Q4 us-gaap Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
1157635000 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1174966000 usd
CY2021Q4 us-gaap Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
570290000 usd
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
582119000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
45901000 usd
CY2022 ck0001747172 Longterm Investments Fair Value Percentage
LongtermInvestmentsFairValuePercentage
1 pure
CY2021 ck0001747172 Longterm Investments Fair Value Percentage
LongtermInvestmentsFairValuePercentage
1 pure
CY2022Q4 us-gaap Investments
Investments
1157971000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
7148000 usd
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
9847000 usd
CY2022Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
1174966000 usd
CY2021Q4 us-gaap Investments
Investments
578195000 usd
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
250000 usd
CY2021Q4 us-gaap Short Term Investments
ShortTermInvestments
3674000 usd
CY2021Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
582119000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
578445000 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
718387000 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
-142118000 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
5502000 usd
CY2022 ck0001747172 Realized Investment Gains Losse
RealizedInvestmentGainsLosse
84000 usd
CY2022 ck0001747172 Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Net Accretion Of Discount
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetNetAccretionOfDiscount
4819000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1165119000 usd
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
626805000 usd
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
-61520000 usd
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
11829000 usd
CY2022Q4 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
125000000 usd
CY2022 us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.0025 pure
CY2022 ck0001747172 Extension Fee
ExtensionFee
0.0005 pure
CY2022 ck0001747172 Debt Total Commitment
DebtTotalCommitment
400000000 usd
CY2022Q4 us-gaap Other Borrowings
OtherBorrowings
134239000 usd
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0426 pure
CY2022 us-gaap Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
269000000 usd
CY2022Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0275 pure
CY2022Q1 us-gaap Other Loans Payable
OtherLoansPayable
150000000 usd
CY2021Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0525 pure
CY2022Q4 ck0001747172 Debt Instrument Aggregate Principal Committed
DebtInstrumentAggregatePrincipalCommitted
875000000 usd
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
577000000 usd
CY2022Q4 ck0001747172 Amount Available
AmountAvailable
169793000 usd
CY2022Q4 us-gaap Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
571591000 usd
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
5409000 usd
CY2021Q4 ck0001747172 Debt Instrument Aggregate Principal Committed
DebtInstrumentAggregatePrincipalCommitted
350000000 usd
CY2021Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
267000000 usd
CY2021Q4 ck0001747172 Amount Available
AmountAvailable
58685000 usd
CY2021Q4 us-gaap Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
266328000 usd
CY2022 us-gaap Interest Expense Other
InterestExpenseOther
18170000 usd
CY2021 us-gaap Interest Expense Other
InterestExpenseOther
4195000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2122000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
260000 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
20292000 usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
4455000 usd
CY2022 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.055 pure
CY2021 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.054 pure
CY2022Q4 us-gaap Shares Issued
SharesIssued
16305034 shares
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
268218000 usd
CY2021Q4 us-gaap Shares Issued
SharesIssued
19132622 shares
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
299501000 usd
CY2022Q4 us-gaap Other Commitment
OtherCommitment
808212000 usd
CY2022Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
1.34
CY2021Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.86
CY2022Q4 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
346355 shares
CY2022Q4 ck0001747172 Stock Issued During Period Value Dividends Reinvestment Plan
StockIssuedDuringPeriodValueDividendsReinvestmentPlan
5642000 usd
CY2021Q4 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
94613 shares
CY2021Q4 ck0001747172 Stock Issued During Period Value Dividends Reinvestment Plan
StockIssuedDuringPeriodValueDividendsReinvestmentPlan
1492000 usd
CY2022Q1 us-gaap Shares Issued
SharesIssued
55590 shares
CY2022Q1 ck0001747172 Drip Value
DRIPValue
902000 usd
CY2022Q4 ck0001747172 Unfunded Commitments
UnfundedCommitments
149338000 usd
CY2021Q4 ck0001747172 Unfunded Commitments
UnfundedCommitments
97810000 usd
CY2022Q4 ck0001747172 Unfunded Commitments
UnfundedCommitments
149338000 usd
CY2021Q4 ck0001747172 Unfunded Commitments
UnfundedCommitments
97810000 usd
CY2022 us-gaap Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
45765000 usd
CY2021 us-gaap Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
22288000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27184302 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10718083 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.68
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.08
CY2022Q4 ck0001747172 Excise Tax Rate
ExciseTaxRate
0.04 pure
CY2022Q4 us-gaap Investment Company Distributable Earnings
InvestmentCompanyDistributableEarnings
29000 usd
CY2021Q4 us-gaap Investment Company Distributable Earnings
InvestmentCompanyDistributableEarnings
257000 usd
CY2022Q4 ck0001747172 Increasedecrease In Additional Paidin Capital
IncreasedecreaseInAdditionalPaidinCapital
-29000 usd
CY2021Q4 ck0001747172 Increasedecrease In Additional Paidin Capital
IncreasedecreaseInAdditionalPaidinCapital
-257000 usd
CY2022 us-gaap Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
45765000 usd
CY2021 us-gaap Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
22288000 usd
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-5502000 usd
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-11829000 usd
CY2022 ck0001747172 Nondeductible Expenses Offering Costs Disallowed
NondeductibleExpensesOfferingCostsDisallowed
29000 usd
CY2021 ck0001747172 Nondeductible Expenses Offering Costs Disallowed
NondeductibleExpensesOfferingCostsDisallowed
257000 usd
CY2022 ck0001747172 Other Book Tax Differences
OtherBookTaxDifferences
-67000 usd
CY2021 ck0001747172 Other Book Tax Differences
OtherBookTaxDifferences
117000 usd
CY2022Q4 ck0001747172 Taxable Income Before Deductions For Distributions
TaxableIncomeBeforeDeductionsForDistributions
40225000 usd
CY2021Q4 ck0001747172 Taxable Income Before Deductions For Distributions
TaxableIncomeBeforeDeductionsForDistributions
10833000 usd
CY2022Q4 us-gaap Investment Company Distributable Earnings Loss Accumulated Ordinary Income Loss
InvestmentCompanyDistributableEarningsLossAccumulatedOrdinaryIncomeLoss
39553000 usd
CY2021Q4 us-gaap Investment Company Distributable Earnings Loss Accumulated Ordinary Income Loss
InvestmentCompanyDistributableEarningsLossAccumulatedOrdinaryIncomeLoss
10514000 usd
CY2022 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
39553000 usd
CY2021 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
10514000 usd
CY2022 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
991000 usd
CY2021 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
319000 usd
CY2022 ck0001747172 Other Temporary Book Tax Differences
OtherTemporaryBookTaxDifferences
-857000 usd
CY2021 ck0001747172 Other Temporary Book Tax Differences
OtherTemporaryBookTaxDifferences
-924000 usd
CY2022 us-gaap Investment Company Deferred Income Tax Unrealized Appreciation
InvestmentCompanyDeferredIncomeTaxUnrealizedAppreciation
17331000 usd
CY2021 us-gaap Investment Company Deferred Income Tax Unrealized Appreciation
InvestmentCompanyDeferredIncomeTaxUnrealizedAppreciation
11829000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
17465000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
11224000 usd
CY2022Q4 ck0001747172 Tax Cost
TaxCost
1157635000 usd
CY2021Q4 ck0001747172 Tax Cost
TaxCost
570290000 usd
CY2022Q4 us-gaap Tax Basis Of Investments Gross Unrealized Appreciation
TaxBasisOfInvestmentsGrossUnrealizedAppreciation
21476000 usd
CY2021Q4 us-gaap Tax Basis Of Investments Gross Unrealized Appreciation
TaxBasisOfInvestmentsGrossUnrealizedAppreciation
11829000 usd
CY2022Q4 us-gaap Tax Basis Of Investments Gross Unrealized Depreciation
TaxBasisOfInvestmentsGrossUnrealizedDepreciation
4145000 usd
CY2022Q4 us-gaap Tax Basis Of Investments Unrealized Appreciation Depreciation Net
TaxBasisOfInvestmentsUnrealizedAppreciationDepreciationNet
17331000 usd
CY2021Q4 us-gaap Tax Basis Of Investments Unrealized Appreciation Depreciation Net
TaxBasisOfInvestmentsUnrealizedAppreciationDepreciationNet
11829000 usd
CY2022Q4 ck0001747172 Net Asset Value Beginning Of Period
NetAssetValueBeginningOfPeriod
16.22
CY2021Q4 ck0001747172 Net Asset Value Beginning Of Period
NetAssetValueBeginningOfPeriod
14.86
CY2022 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
1.48
CY2021 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
0.94
CY2022 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
0.14
CY2022 us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
1.62
CY2021 us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
2.22
CY2022 ck0001747172 Investment Company Distributions
InvestmentCompanyDistributions
-1.34
CY2021 ck0001747172 Investment Company Distributions
InvestmentCompanyDistributions
-0.86
CY2022 ck0001747172 Investment Company Net Asset Value Per Share Resulting From Distributions
InvestmentCompanyNetAssetValuePerShareResultingFromDistributions
-1.34
CY2021 ck0001747172 Investment Company Net Asset Value Per Share Resulting From Distributions
InvestmentCompanyNetAssetValuePerShareResultingFromDistributions
-0.86
CY2022Q4 ck0001747172 Net Asset Value End Of Period
NetAssetValueEndOfPeriod
16.5
CY2021Q4 ck0001747172 Net Asset Value End Of Period
NetAssetValueEndOfPeriod
16.22
CY2022Q4 us-gaap Shares Outstanding
SharesOutstanding
35879291 shares
CY2021Q4 us-gaap Shares Outstanding
SharesOutstanding
19227902 shares
CY2022Q4 us-gaap Net Regulatory Assets
NetRegulatoryAssets
592041000 usd
CY2021Q4 us-gaap Net Regulatory Assets
NetRegulatoryAssets
311969000 usd
CY2022 ck0001747172 Weightedaverage Shares Outstandingin Shares
WeightedaverageSharesOutstandinginShares
27184302 shares
CY2021 ck0001747172 Weightedaverage Shares Outstandingin Shares
WeightedaverageSharesOutstandinginShares
10718083 shares
CY2022 us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
0.103 pure
CY2021 us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
0.142 pure
CY2022 us-gaap-sup Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
0.176 pure
CY2021 us-gaap-sup Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
0.313 pure
CY2022 ck0001747172 Ratio Of Operating Expenses To Average Net Assets
RatioOfOperatingExpensesToAverageNetAssets
0.079 pure
CY2021 ck0001747172 Ratio Of Operating Expenses To Average Net Assets
RatioOfOperatingExpensesToAverageNetAssets
0.058 pure
CY2022 us-gaap Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
0.091 pure
CY2021 us-gaap Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
0.068 pure
CY2021Q1 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
15
CY2021Q1 ck0001747172 Investment Company Organizational Costs Price Per Share
InvestmentCompanyOrganizationalCostsPricePerShare
0.14
CY2022Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.04
CY2021Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.19
ck0001747172 Investment Company Organizational Expense
InvestmentCompanyOrganizationalExpense
175 usd
CY2022Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
usd
CY2021Q4 ck0001747172 Receivable For Principal Payments On Investments
ReceivableForPrincipalPaymentsOnInvestments
usd
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
usd
CY2021Q4 ck0001747172 Unamortized Corporate Credit Facility Issuance Costs
UnamortizedCorporateCreditFacilityIssuanceCosts
usd
CY2022Q4 us-gaap Loans Payable
LoansPayable
usd
CY2022Q4 ck0001747172 Unamortized Loan And Security Agreement Issuance Costs
UnamortizedLoanAndSecurityAgreementIssuanceCosts
usd
CY2021Q4 ck0001747172 Revolving Funding Facility Note
RevolvingFundingFacilityNote
usd
CY2021Q4 ck0001747172 Unamortized Revolving Funding Facility Issuance Costs
UnamortizedRevolvingFundingFacilityIssuanceCosts
usd
CY2022Q4 ck0001747172 Accrued Organizational And Offering Costs
AccruedOrganizationalAndOfferingCosts
usd
CY2021Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
usd
CY2022 ck0001747172 Initial Organization Costs
InitialOrganizationCosts
usd
CY2021 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.94
CY2022 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
1.48
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27184302 shares
CY2021 ck0001747172 Increasedecrease In Receivable For Principal Payments On Investments
IncreasedecreaseInReceivableForPrincipalPaymentsOnInvestments
usd
CY2021 ck0001747172 Increasedecrease In Payable For Investments Purchased
IncreasedecreaseInPayableForInvestmentsPurchased
usd
CY2022 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
usd
CY2021 ck0001747172 Borrowings On Revolving Funding Facility Net
BorrowingsOnRevolvingFundingFacilityNet
usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
usd
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
usd
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
usd
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10718083 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27184302 shares
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.68
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.08
CY2022Q4 us-gaap Investment Company Distributable Earnings Loss Accumulated Long Term Capital Gain Loss
InvestmentCompanyDistributableEarningsLossAccumulatedLongTermCapitalGainLoss
usd
CY2021Q4 us-gaap Investment Company Distributable Earnings Loss Accumulated Long Term Capital Gain Loss
InvestmentCompanyDistributableEarningsLossAccumulatedLongTermCapitalGainLoss
usd
CY2022 us-gaap Investment Company Tax Return Of Capital Distribution
InvestmentCompanyTaxReturnOfCapitalDistribution
usd
CY2021 us-gaap Investment Company Tax Return Of Capital Distribution
InvestmentCompanyTaxReturnOfCapitalDistribution
usd
CY2022Q4 us-gaap Investment Company Distributable Earnings Loss Accumulated Long Term Capital Gain Loss
InvestmentCompanyDistributableEarningsLossAccumulatedLongTermCapitalGainLoss
usd
CY2021Q4 us-gaap Investment Company Distributable Earnings Loss Accumulated Long Term Capital Gain Loss
InvestmentCompanyDistributableEarningsLossAccumulatedLongTermCapitalGainLoss
usd
CY2022Q4 ck0001747172 Capital Loss Carryforward
CapitalLossCarryforward
usd
CY2021Q4 ck0001747172 Capital Loss Carryforward
CapitalLossCarryforward
usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
usd
CY2021Q4 us-gaap Tax Basis Of Investments Gross Unrealized Depreciation
TaxBasisOfInvestmentsGrossUnrealizedDepreciation
usd
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001747172
CY2022Q2 dei Entity Public Float
EntityPublicFloat
0 usd

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