For the quarter ending 2026-03-31.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Interest income | 7,670,790 | - | - | - |
| Payment-in-kind interest income | 332,640 | - | - | - |
| Other income | 1,809,788 | - | - | - |
| Total investment income | 9,813,218 | - | - | - |
| Bdc conversion expenses | - | 428,082 | 579,192 | 226,780 |
| Net interest income | - | 5,186,341 | 6,530,948 | 6,203,335 |
| Interest expense | 1,726,540 | - | - | - |
| Management fee | 973,235 | 716,181 | 715,138 | 680,358 |
| Incentive fee on net investment income | 1,023,725 | - | - | - |
| General and administrative expenses | 860,496 | 976,593 | 674,342 | 845,750 |
| Provision for current expected credit losses | - | 65,786 | 7,372,778 | 15,851,566 |
| Stock-based compensation | - | 5,315,118 | 487,436 | 484,502 |
| Director fees | 63,800 | - | - | - |
| Professional fees | 463,911 | 363,518 | 354,803 | 361,104 |
| Realized losses on investments, net | - | 0* | 0 | 0 |
| Total expenses | 5,111,707 | 7,799,492 | 2,810,911 | 2,598,494 |
| Gain on extinguishment of debt | - | 359,305* | - | - |
| Change in unrealized gaines on loans at fair value, net | - | 3,520,599 | -9,712,427 | -1,055,970 |
| Net (gain) income from continuing operations before income taxes | - | 1,200,967 | -13,365,168 | -13,302,695 |
| Income tax (benefit) expense | - | - | - | -138,044 |
| Income tax (benefit) expense | - | 248,877 | -874,662 | -100,000 |
| Management fee rebate | 233,988 | - | - | - |
| Net (gain) income from continuing operations | - | 914,046 | -12,490,506 | -13,164,651 |
| Net expenses | 4,877,719 | - | - | - |
| Net investment income before taxes | 4,935,499 | - | - | - |
| Income tax expense | 109,368 | - | - | - |
| Net investment income | 4,826,131 | - | - | - |
| Net change in unrealized appreciation on investments | 7,118,443 | - | - | - |
| Provision for taxes on unrealized appreciation on investments | 517,227 | - | - | - |
| Net income from discontinued operations, net of tax | - | 0 | 0 | 0 |
| Net unrealized gain on investments, net of taxes | 6,601,216 | - | - | - |
| Net (gain) income | - | 914,046 | -12,490,506 | -13,164,651 |
| Net increase in net assets resulting from operations | 11,427,347 | - | - | - |
| Basic EPS | 0.49 | 0.04 | -0.57 | -0.6 |
| Diluted EPS | 0.49 | 0.04 | -0.57 | -0.6 |
| Basic Average Shares | 23,528,844 | 22,656,995 | 22,114,761 | 22,114,341 |
| Diluted Average Shares | 23,528,844 | 22,743,972 | 22,160,176 | 22,116,886 |
Advanced Flower Capital Inc. (AFCG)
Advanced Flower Capital Inc. (AFCG)