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.
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Statements of Operations
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 30, 2024 | September 30, 2023 | September 30, 2024 | September 30, 2023 | |
| INVESTMENT INCOME | ||||
| Non-control/non-affiliate investment income | ||||
| Interest income | $2,686,771 | $2,885,725 | $8,203,601 | $8,106,013 |
| Fee income | 489,176 | 31,250 | 813,926 | 162,500 |
| Total investment income | 3,175,947 | 2,916,975 | 9,017,527 | 8,268,513 |
| EXPENSES | ||||
| Transaction expenses related to the Loan Portfolio Acquisition | 2,429,993 | - | 5,069,062 | - |
| Management fee | 253,421 | 264,565 | 745,876 | 760,473 |
| Income-based incentive fees | - | 405,247 | 328,503 | 1,051,741 |
| Audit expense | 95,675 | 223,982 | 299,225 | 409,365 |
| Administrator fees | 98,489 | 84,617 | 298,132 | 250,314 |
| Legal expenses | 60,200 | 148,292 | 200,073 | 334,308 |
| Insurance expense | 66,939 | 67,122 | 199,430 | 202,597 |
| Other expenses | 40,546 | 22,210 | 107,213 | 61,918 |
| Director expenses | 25,992 | 38,223 | 80,311 | 105,913 |
| Professional fees | 59,780 | 15,841 | 74,694 | 51,808 |
| Valuation fees | 22,990 | 22,890 | 50,043 | 116,955 |
| Capital gains incentive fees | (35,904) | (5,000) | 37,465 | - |
| Custodian fees | 12,000 | 12,000 | 35,850 | 36,000 |
| Excise tax expense | 31,314 | - | 31,314 | - |
| Total expenses | 3,161,435 | 1,299,989 | 7,557,191 | 3,381,392 |
| NET INVESTMENT INCOME (LOSS) | 14,512 | 1,616,986 | 1,460,336 | 4,887,121 |
| NET REALIZED GAIN (LOSS) FROM INVESTMENTS | ||||
| Non-controlled/non-affiliate investments | - | - | - | (210,767) |
| Net realized gain (loss) from investments | - | - | - | (210,767) |
| NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) FROM INVESTMENTS | ||||
| Non-controlled/non-affiliate investments | (179,524) | (343,104) | 187,324 | 166,012 |
| Net change in unrealized appreciation (depreciation) from investments | (179,524) | (343,104) | 187,324 | 166,012 |
| Net realized and unrealized gains (losses) | (179,524) | (343,104) | 187,324 | (44,755) |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $(165,012) | $1,273,882 | $1,647,660 | $4,842,366 |
| NET INVESTMENT INCOME (LOSS) PER SHARE — BASIC AND DILUTED | $0.00(1) | $0.26 | $0.23 | $0.79 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE — BASIC AND DILUTED | $(0.03) | $0.20 | $0.27 | $0.78 |
| WEIGHTED AVERAGE SHARES OUTSTANDING — BASIC AND DILUTED | 6,214,965 | 6,214,673 | 6,214,952 | 6,214,672 |
| (1) | Represents less than $0.005 per share |
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