2023 Q3 Form 10-Q Financial Statement

#000121390023065607 Filed on August 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $14.80M $14.20M $9.550M
YoY Change 41.63% 48.7%
Cost Of Revenue $13.70M
YoY Change
Gross Profit $15.08M
YoY Change
Gross Profit Margin 101.83%
Selling, General & Admin $546.2K
YoY Change
% of Gross Profit 3.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $14.24M $13.50M $7.222M
YoY Change 45.78% 86.88%
Operating Profit $830.9K -$13.24M -$6.948M
YoY Change -108.73% 90.59%
Interest Expense $11.50M
YoY Change 63.92%
% of Operating Profit 1384.05%
Other Income/Expense, Net
YoY Change
Pretax Income $33.85M
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $33.85M $23.94M -$65.33M
YoY Change -601.11% -136.64%
Net Earnings / Revenue 228.68% 168.59% -684.14%
Basic Earnings Per Share $1.30 $0.94 -$2.85
Diluted Earnings Per Share $1.30 $0.94 -$2.85
COMMON SHARES
Basic Shares Outstanding 25.79M shares 25.04M shares 22.93M shares
Diluted Shares Outstanding 26.02M shares 25.45M shares 22.93M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.411M
YoY Change
Cash & Equivalents $3.411M $6.737M $99.03K
Short-Term Investments
Other Short-Term Assets $620.2K
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $12.54M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.105B
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.112B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $12.54M
Total Long-Term Assets $1.112B
Total Assets $1.125B $1.082B
YoY Change 10.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.23M
YoY Change
Accrued Expenses $901.1K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $45.39M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $632.5M
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $632.5M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $45.39M
Total Long-Term Liabilities $632.5M
Total Liabilities $677.9M $655.1M
YoY Change 4.94%
SHAREHOLDERS EQUITY
Retained Earnings -$66.41M
YoY Change -22.84%
Common Stock $26.67K $25.77K
YoY Change 14.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $446.9M $426.5M $385.4M
YoY Change
Total Liabilities & Shareholders Equity $1.125B $1.082B
YoY Change 10.28%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $33.85M $23.94M -$65.33M
YoY Change -601.11% -136.64%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $16.14M
YoY Change
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 -14.38M
YoY Change
NET CHANGE
Cash From Operating Activities 16.14M
Cash From Investing Activities
Cash From Financing Activities -14.38M
Net Change In Cash 1.760M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $16.14M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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us-gaap Unrealized Gain Loss On Investments
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
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us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
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us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
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cik0001794776 Purchases Of Portfolio Investments
PurchasesOfPortfolioInvestments
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cik0001794776 Purchases Of Portfolio Investments
PurchasesOfPortfolioInvestments
221385705 usd
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
313870724 usd
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
286171413 usd
cik0001794776 Proceeds From Sale Of Portfolio Investments
ProceedsFromSaleOfPortfolioInvestments
135954079 usd
cik0001794776 Proceeds From Sale Of Portfolio Investments
ProceedsFromSaleOfPortfolioInvestments
204224871 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
494302 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
490060 usd
cik0001794776 Increasedecrease In Receivable For Sales Of Investments
IncreasedecreaseInReceivableForSalesOfInvestments
-31014356 usd
cik0001794776 Increasedecrease In Receivable For Sales Of Investments
IncreasedecreaseInReceivableForSalesOfInvestments
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us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
1366204 usd
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
2515729 usd
us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
21650 usd
us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
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cik0001794776 Increasedecrease In Receivable For Paydowns Of Investments
IncreasedecreaseInReceivableForPaydownsOfInvestments
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cik0001794776 Increasedecrease In Receivable For Paydowns Of Investments
IncreasedecreaseInReceivableForPaydownsOfInvestments
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2603082 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
193537 usd
us-gaap Line Of Credit Facility Increase Decrease For Period Net
LineOfCreditFacilityIncreaseDecreaseForPeriodNet
-2586844 usd
us-gaap Line Of Credit Facility Increase Decrease For Period Net
LineOfCreditFacilityIncreaseDecreaseForPeriodNet
-419535 usd
cik0001794776 Increasedecrease In Payable For Investments Purchased
IncreasedecreaseInPayableForInvestmentsPurchased
17988152 usd
cik0001794776 Increasedecrease In Payable For Investments Purchased
IncreasedecreaseInPayableForInvestmentsPurchased
66063523 usd
cik0001794776 Increasedecrease In Management Fees Payable
IncreasedecreaseInManagementFeesPayable
-173199 usd
cik0001794776 Increasedecrease In Management Fees Payable
IncreasedecreaseInManagementFeesPayable
48085 usd
cik0001794776 Increasedecrease In Directors Fee Payable
IncreasedecreaseInDirectorsFeePayable
669 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-214987 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-1540689 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17995605 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14018459 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
10500000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
84500000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
27500000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
67000000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
25082 usd
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
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us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
17304225 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-12909818 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13023982 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5085787 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-994477 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1650801 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1093503 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6736588 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
99026 usd
us-gaap Interest Paid Net
InterestPaidNet
18610169 usd
us-gaap Interest Paid Net
InterestPaidNet
7159711 usd
cik0001794776 Distributions Declared During The Period
DistributionsDeclaredDuringThePeriod
13183368 usd
cik0001794776 Distributions Declared During The Period
DistributionsDeclaredDuringThePeriod
8439969 usd
cik0001794776 Reinvestment Of Distributions During The Period
ReinvestmentOfDistributionsDuringThePeriod
6935473 usd
cik0001794776 Reinvestment Of Distributions During The Period
ReinvestmentOfDistributionsDuringThePeriod
5014831 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Use of Estimates</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual results could differ from those estimates.</p>
us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Indemnifications</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the normal course of business, the Company enters into contracts that contain a variety of representations which provide general indemnifications. The Company’s maximum exposure under these arrangements cannot be known; however, the Company expects any risk of loss to be remote.</p>
CY2022 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
100000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2400000 usd
CY2022 us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
2500000 usd
CY2022Q4 cik0001794776 Consolidated Statements Of Assets And Liabilities
ConsolidatedStatementsOfAssetsAndLiabilities
641300000 usd
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
3100000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1900000 usd
us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
5100000 usd
CY2023Q2 cik0001794776 Consolidated Statements Of Assets And Liabilities
ConsolidatedStatementsOfAssetsAndLiabilities
627400000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.90 pure
us-gaap Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
1.50 pure
us-gaap Quarterly Financial Information Income Taxes Significant Variation Description
QuarterlyFinancialInformationIncomeTaxesSignificantVariationDescription
In order for the Company not to be subject to U.S. federal excise taxes, it must distribute annually an amount at least equal to the sum of (i) 98% of its net ordinary income (taking into account certain deferrals and elections) for the calendar year, (ii) 98.2% of its capital gains in excess of capital losses for the one year period ending October 31 in such calendar year and (iii) any net ordinary income and capital gains in excess of capital losses for preceding years that were not distributed during such years. The Company, at its discretion, may carry forward taxable income in excess of calendar year dividends and pay a 4% nondeductible U.S. federal excise tax on this income.
CY2023Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
1.68 pure
CY2023Q2 us-gaap Investment Interest Rate
InvestmentInterestRate
0.02 pure
us-gaap Management Fee Description
ManagementFeeDescription
The Investment Advisor, however, has agreed to waive its right to receive management fees in excess of 1.75% of the total net assets during any period prior to the listing of the Company’s common stock on a national securities exchange (a “Listing”).
us-gaap Incentive Fee Description
IncentiveFeeDescription
The Company will pay the Investment Advisor an Income Incentive Fee with respect to its “adjusted net investment income” in each calendar quarter as follows:   ● no Income Incentive Fee in any calendar quarter in which the Company’s “adjusted net investment income” does not exceed an amount equal to a “hurdle rate” of 1.5% per quarter (6% annualized) of the Company’s total net assets at the end of that quarter (the “Hurdle Amount”);   ● 100% of the Company’s “adjusted net investment income” with respect to that portion of such “adjusted net investment income,” if any, that exceeds the Hurdle Amount but is less than or equal to an amount (the “Catch-Up Amount”) determined on a quarterly basis by multiplying 1.6875% by the Company’s total net asset value for the immediately preceding calendar quarter. The Catch-Up Amount is intended to provide the Investment Advisor with an incentive fee of 12.5% on all of the Company’s “adjusted net investment income” when the Company’s “adjusted net investment income” reaches the Catch-Up Amount in any calendar quarter; and   ● for any calendar quarter in which the Company’s “adjusted net investment income” exceeds the Catch-Up Amount, the Income Incentive Fee shall equal 12.5% of the amount of the Company’s “adjusted net investment income” for the calendar quarter.
cik0001794776 Longterm Investment Portfolio Percentage
LongtermInvestmentPortfolioPercentage
0.138 pure
cik0001794776 Amortized Cost Rate
AmortizedCostRate
0.138 pure
CY2022 cik0001794776 Longterm Investment Portfolio Percentage
LongtermInvestmentPortfolioPercentage
0.16 pure
CY2022 cik0001794776 Amortized Cost Rate
AmortizedCostRate
0.163 pure
CY2023Q2 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
0.123 pure
CY2022Q4 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
0.149 pure
CY2023Q2 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Redemption Restriction Percentage
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareRedemptionRestrictionPercentage
1 pure
CY2022Q4 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Redemption Restriction Percentage
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareRedemptionRestrictionPercentage
1 pure
CY2023Q2 us-gaap Investments
Investments
1062844207 usd
CY2022Q4 us-gaap Investments
Investments
1017211732 usd
CY2023Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1063000.000 usd
us-gaap Line Of Credit Facility Increase Accrued Interest
LineOfCreditFacilityIncreaseAccruedInterest
2683000 usd
CY2023Q2 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
150000000 usd
us-gaap Line Of Credit Facility Description
LineOfCreditFacilityDescription
(2)The carrying value of the WF Credit Facility is presented net of deferred financing costs of $1.047 million and accrued interest of $1.880 million.
CY2023Q2 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0 pure
us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
1486335 shares
us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
24200000 usd
us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
492018 shares
us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
9800000 usd
cik0001794776 Unfunded Commitments
UnfundedCommitments
1500000 usd
CY2022 cik0001794776 Unfunded Commitments
UnfundedCommitments
2600000 usd
CY2023Q2 us-gaap Other Commitment
OtherCommitment
1499933 usd
CY2022Q4 us-gaap Other Commitment
OtherCommitment
2636943 usd
us-gaap Investment Company Expense Ratio Including Voluntary Fee Waiver
InvestmentCompanyExpenseRatioIncludingVoluntaryFeeWaiver
0.0563 pure
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
23940662 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-65332117 usd
us-gaap Net Income Loss
NetIncomeLoss
52028984 usd
us-gaap Net Income Loss
NetIncomeLoss
-68762918 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25453970 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22932390 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25025158 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22870423 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.94
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.85
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.01
CY2022Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
14.96
CY2021Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
20.06
us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
1.11
us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
0.8
cik0001794776 Net Realized And Unrealized Gain Loss On Investments
NetRealizedAndUnrealizedGainLossOnInvestments
1
cik0001794776 Net Realized And Unrealized Gain Loss On Investments
NetRealizedAndUnrealizedGainLossOnInvestments
-3.78
us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
2.11
us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
-2.98
us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
0.52
us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
0.37
us-gaap Investment Company Net Asset Value Per Share Period Increase Decrease
InvestmentCompanyNetAssetValuePerSharePeriodIncreaseDecrease
-0.52
us-gaap Investment Company Net Asset Value Per Share Period Increase Decrease
InvestmentCompanyNetAssetValuePerSharePeriodIncreaseDecrease
-0.37
CY2023Q2 cik0001794776 Net Assets Value Per Share
NetAssetsValuePerShare
16.55
CY2022Q2 cik0001794776 Net Assets Value Per Share
NetAssetsValuePerShare
16.71
CY2023Q2 us-gaap Shares Outstanding
SharesOutstanding
25772963 shares
CY2022Q2 us-gaap Shares Outstanding
SharesOutstanding
23062349 shares
CY2023Q2 us-gaap Assets Net
AssetsNet
426528796 usd
CY2022Q2 us-gaap Assets Net
AssetsNet
385433333 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25025158 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22870423 shares
us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
0.1411 pure
us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
-0.1514 pure
cik0001794776 Portfolio Turnover
PortfolioTurnover
0.11 pure
cik0001794776 Portfolio Turnover
PortfolioTurnover
0.19 pure
us-gaap Investment Company Expense Ratio Voluntary Fee Waiver
InvestmentCompanyExpenseRatioVoluntaryFeeWaiver
0.133 pure
us-gaap Investment Company Expense Ratio Voluntary Fee Waiver
InvestmentCompanyExpenseRatioVoluntaryFeeWaiver
0.0588 pure
us-gaap Investment Company Expense Ratio Including Voluntary Fee Waiver
InvestmentCompanyExpenseRatioIncludingVoluntaryFeeWaiver
0.1305 pure
us-gaap Investment Company Investment Income Loss Ratio Before Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioBeforeIncentiveAllocation
0.1379 pure
us-gaap Investment Company Investment Income Loss Ratio Before Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioBeforeIncentiveAllocation
0.0793 pure
us-gaap Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
0.1404 pure
us-gaap Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
0.0818 pure
CY2022Q2 cik0001794776 Issuance Of Common Stock
IssuanceOfCommonStock
usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22870423 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22932390 shares
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.94
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.08
us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
cik0001794776 Return Of Capital
ReturnOfCapital
cik0001794776 Return Of Capital
ReturnOfCapital
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001794776

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0001213900-23-065607-index-headers.html Edgar Link pending
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0001213900-23-065607.txt Edgar Link pending
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cik0001794776-20230630.xsd Edgar Link pending
f10q0623ex31-1_palmersquare.htm Edgar Link pending
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