Chicago Atlantic BDC, Inc.
For the period ended Mar 31, 2026. Filed May 14, 2026.
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.
Mar 31, 2026 · Filed May 14, 2026
LIEN$9.10+0.3%Stored close · as of Nov 9, 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
| For the Three Months Ended | |||
|---|---|---|---|
| March 31, 2026 · March 31, 2025 | |||
| Cash flows from operating activities | |||
| Net increase (decrease) in net assets resulting from operations | $8,535,388 | $7,614,357 | |
| Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: | |||
| Net change in unrealized (appreciation) depreciation from investments | 1,426,900 | 34,064 | |
| Net (accretion of discounts) and amortization of premiums | (1,393,660) | (522,907) | |
| Purchase of investments | (92,690,828) | (20,601,132) | |
| PIK interest capitalized | (1,379,114) | (573,375) | |
| Proceeds from sales of investments and principal repayments | 63,381,776 | 7,642,007 | |
| Amortization of deferred financing costs | 174,718 | 145,381 | |
| (Increase) Decrease in operating assets: | |||
| Interest receivable | (1,183,152) | 520,774 | |
| Due from affiliates | 1,651,074 | (2,841,259) | |
| Prepaid expenses and other assets | (210,176) | (251,015) | |
| Receivable for investment sold | - | 4,122,500 | |
| Increase (Decrease) in operating liabilities: | |||
| Income-based incentive fees payable | 383,971 | 123,920 | |
| Management fee payable | 82,890 | 580,888 | |
| Capital gains incentive fees payable | (163,473) | (6,813) | |
| Professional fees payable | 8,230 | 297,793 | |
| Transaction fees payable related to the Loan Portfolio Acquisition | - | (2,945,125) | |
| Other payables | 591,492 | 16,597 | |
| Due to affiliates | 47,652 | (707,785) | |
| Excise tax payable | (69,609) | (88,709) | |
| Unearned interest income | (23,514) | 175,517 | |
| Net cash provided by (used in) operating activities | (20,829,435) | (7,264,322) | |
| Cash flows from financing activities | |||
| Offering costs paid | - | (989,645) | |
| Distributions paid | (7,759,001) | - | |
| Financing costs paid | (500,000) | (756,700) | |
| Proceeds from borrowings on revolving line of credit | 45,000,000 | - | |
| Principal payments under revolving line of credit | (15,500,000) | - | |
| Net cash provided by (used in) financing activities | 21,240,999 | (1,746,345) | |
| Net increase (decrease) in cash and cash equivalents | 411,564 | (9,010,667) | |
| Cash and cash equivalents, beginning of period | 2,934,752 | 23,932,406 | |
| Cash and cash equivalents, end of period | $3,346,316 | $14,921,739 | |
| Supplemental disclosures | |||
| Excise taxes paid | $72,339 | $115,357 | |
| Interest expense paid | $142,235 | $ | - |
| Non-cash operating, financing and investing activity | |||
| Accrual for deferred financing costs (Note 2) | $500,000 | $725,867 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.