Chicago Atlantic BDC Inc
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
LIEN$9.07-0.2%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows
Cash Flows
| For the nine months ended | |||
|---|---|---|---|
| September 30, 2024 · September 30, 2023 | |||
| Cash flows from operating activities | |||
| Net increase (decrease) in net assets resulting from operations | $1,647,660 | $4,842,366 | |
| Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: | |||
| Net realized (gain) loss from investments | - | 210,767 | |
| Net change in unrealized (appreciation) depreciation from investments | (187,324) | (166,012) | |
| Net (accretion of discounts) and amortization of premiums | (501,303) | (431,052) | |
| Purchase of investments | (5,141,250) | (8,442,000) | |
| PIK interest capitalized | (182,634) | (78,153) | |
| Proceeds from sales of investments and principal repayments | 4,344,000 | 1,780,000 | |
| (Increase)/Decrease in operating assets: | |||
| Other receivable | (401,313) | - | |
| Interest receivable | 119,417 | (270,594) | |
| Paydown receivable | (21,000) | - | |
| Prepaid expenses | (64,278) | (71,515) | |
| Other assets | - | (50,000) | |
| Increase/(Decrease) in operating liabilities: | |||
| Income-based incentive fees payable | (1,511,253) | 1,051,741 | |
| Management fee payable | (3,700) | 93,600 | |
| Capital gains incentive fees payable | 37,465 | - | |
| Legal fees payable | 3,611 | 108,452 | |
| Transaction fees payable related to the Loan Portfolio Acquisition | 4,084,285 | - | |
| Valuation fees payable | (2,207) | 94,130 | |
| Administrator fees payable | (35,212) | 24,648 | |
| Audit fees payable | 89,525 | 25,165 | |
| Directors fees payable | (68,768) | 2,719 | |
| Professional fees payable | 267 | (10,679) | |
| Other payables | 10,474 | (22,740) | |
| Unearned interest income | 42,550 | - | |
| Due to affiliate | 51,142 | 261 | |
| Excise tax payable | (10,655) | (80,566) | |
| Net cash provided by (used in) operating activities | 2,299,499 | (1,389,462) | |
| Cash flows from financing activities | |||
| Offering costs paid | (138,933) | - | |
| Distributions paid | (4,660,638) | (3,914,922) | |
| Net cash provided by (used in) financing activities | (4,799,571) | (3,914,922) | |
| Net increase (decrease) in cash and cash equivalents | (2,500,072) | (5,304,384) | |
| Cash and cash equivalents, beginning of period | 32,611,635 | 35,125,320 | |
| Cash and cash equivalents, end of period | $30,111,563 | $29,820,936 | |
| Supplemental and non-cash financing activities | |||
| Reinvestment of dividend distributions | $579 | $321 | |
| Accrual for deferred financing costs (Note 2) | $41,061 | $ | - |
| Accrual for deferred offering costs (Note 2) | $1,127,739 | $ | - |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.