10-K Filing

KAYNE DL 2021, INC. CIK: 1850787 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001213900-23-019302`
Period End Date	20221231
Filing Date	20230313
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	f10k2022_kaynedl2021_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 46 Cash Flow Statement 51 Stockholders Equity 26

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Long-term investments (amortized cost) (in Dollars)	`LongtermInvestmentsamortizedCost`	$11.50M	USD	Point-in-time
Long-term investments (amortized cost) (in Dollars)	`LongtermInvestmentsamortizedCost`	$105.08M	USD	Point-in-time
Short-term investments (amortized cost) (in Dollars)	`ShorttermInvestmentsamortizedCost`	$31.24M	USD	Point-in-time
Short-term investments (amortized cost) (in Dollars)	`ShorttermInvestmentsamortizedCost`	-	USD	Point-in-time
Common Shares, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Long-term investments (amortized cost of $105,083 and $11,499)	`LongTermInvestments`	$11.76M	USD	Point-in-time
Common Shares, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Long-term investments (amortized cost of $105,083 and $11,499)	`LongTermInvestments`	$107.31M	USD	Point-in-time
Short-term investments (amortized cost of $31,239)	`ShortTermInvestments`	-	USD	Point-in-time
Short-term investments (amortized cost of $31,239)	`ShortTermInvestments`	$31.24M	USD	Point-in-time
Common Shares, shares authorized	`CommonStockSharesAuthorized`	100,000.00	shares	Point-in-time
Common Shares, shares authorized	`CommonStockSharesAuthorized`	100,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$715.00K	USD	Point-in-time
Common Shares, shares issued	`CommonStockSharesIssued`	8,600.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$266.00K	USD	Point-in-time
Common Shares, shares issued	`CommonStockSharesIssued`	20,554.00	shares	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$137.00K	USD	Point-in-time
Common Shares, shares outstanding	`CommonStockSharesOutstanding`	20,554.00	shares	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	-	USD	Point-in-time
Common Shares, shares outstanding	`CommonStockSharesOutstanding`	8,600.00	shares	Point-in-time
Receivable for principal payments on investments	`ReceivableForPrincipalPaymentsOnInvestments`	$22.00K	USD	Point-in-time
Receivable for principal payments on investments	`ReceivableForPrincipalPaymentsOnInvestments`	-	USD	Point-in-time
Interest receivable	`InterestReceivable`	$972.00K	USD	Point-in-time
Interest receivable	`InterestReceivable`	$12.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$112.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$101.00K	USD	Point-in-time
Total Assets	`Assets`	$43.53M	USD	Point-in-time
Total Assets	`Assets`	$109.12M	USD	Point-in-time
Subscription Credit Facility (Note 6)	`SubscriptionCreditFacilityNote6`	-	USD	Point-in-time
Subscription Credit Facility (Note 6)	`SubscriptionCreditFacilityNote6`	$750.00K	USD	Point-in-time
Unamortized Subscription Credit Facility issuance costs	`UnamortizedSubscriptionCreditFacilityIssuanceCosts`	$-35.00K	USD	Point-in-time
Payable for investments purchased	`PayableForInvestmentsPurchased`	-	USD	Point-in-time
Payable for investments purchased	`PayableForInvestmentsPurchased`	$137.00K	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$1.77M	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Payable to affiliate	`DueToAffiliateCurrentAndNoncurrent`	$471.00K	USD	Point-in-time
Payable to affiliate	`DueToAffiliateCurrentAndNoncurrent`	-	USD	Point-in-time
Management fee payable	`ManagementFeePayable`	$156.00K	USD	Point-in-time
Management fee payable	`ManagementFeePayable`	$2.00K	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$175.00K	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$438.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$648.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.21M	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Shares, $0.001 par value; 100,000 shares authorized; 20,554 and 8,600 as of December 31, 2022 and 2021, respectively, issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Common Shares, $0.001 par value; 100,000 shares authorized; 20,554 and 8,600 as of December 31, 2022 and 2021, respectively, issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$42.82M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$103.81M	USD	Point-in-time
Total distributable earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$55.00K	USD	Point-in-time
Total distributable earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$2.10M	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	$42.88M	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	-	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	$105.91M	USD	Point-in-time
Total Liabilities and Net Assets	`LiabilitiesAndStockholdersEquity`	$109.12M	USD	Point-in-time
Total Liabilities and Net Assets	`LiabilitiesAndStockholdersEquity`	$43.53M	USD	Point-in-time
Net Asset Value Per Common Share (in Dollars per share)	`NetAssetValuePerShare`	$5.15K	USD	Point-in-time
Net Asset Value Per Common Share (in Dollars per share)	`NetAssetValuePerShare`	$4.99K	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Basic and diluted net increase in net assets resulting from operations (in Dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-18.33	USD	Annual
Basic and diluted net increase in net assets resulting from operations (in Dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$435.00	USD	Annual
Weighted Average Common Shares Outstanding - Basic and Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6,600.00	shares	Annual
Weighted Average Common Shares Outstanding - Basic and Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11,046.00	shares	Annual
Interest income	`InterestAndOtherIncome`	$4.34M	USD	Annual
Interest income	`InterestAndOtherIncome`	$17.00K	USD	Annual
Total investment income from investments	`InvestmentIncomeNet`	$17.00K	USD	Annual
Total investment income from investments	`InvestmentIncomeNet`	$4.34M	USD	Annual
Total Investment Income	`InvestmentIncomeNonoperating`	$4.34M	USD	Annual
Total Investment Income	`InvestmentIncomeNonoperating`	$17.00K	USD	Annual
Interest expense	`InterestExpense`	$215.00K	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Management fees	`ManagementFeeExpense`	$337.00K	USD	Annual
Management fees	`ManagementFeeExpense`	$2.00K	USD	Annual
Professional fees	`ProfessionalFees`	$153.00K	USD	Annual
Professional fees	`ProfessionalFees`	$389.00K	USD	Annual
Directors fees	`NoninterestExpenseDirectorsFees`	$8.00K	USD	Annual
Directors fees	`NoninterestExpenseDirectorsFees`	$115.00K	USD	Annual
Offering costs	`NoninterestExpenseOfferingCost`	$6.00K	USD	Annual
Offering costs	`NoninterestExpenseOfferingCost`	$137.00K	USD	Annual
Initial organization costs	`InitialOrganizationCosts`	$208.00K	USD	Annual
Initial organization costs	`InitialOrganizationCosts`	-	USD	Annual
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$23.00K	USD	Annual
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$307.00K	USD	Annual
Total Expenses	`OperatingExpenses`	$400.00K	USD	Annual
Total Expenses	`OperatingExpenses`	$1.50M	USD	Annual
Net Investment Income (Loss)	`NetInvestmentIncome`	$2.84M	USD	Annual
Net Investment Income (Loss)	`NetInvestmentIncome`	$-383.00K	USD	Annual
Investments	`RealizedInvestmentGainsLosses`	$1.00K	USD	Annual
Investments	`RealizedInvestmentGainsLosses`	-	USD	Annual
Total net realized gains (losses)	`TotalNetRealizedGainslosses`	$1.00K	USD	Annual
Total net realized gains (losses)	`TotalNetRealizedGainslosses`	-	USD	Annual
Investments	`NetChangeInUnrealizedGainsLossesInvestments`	$262.00K	USD	Annual
Investments	`NetChangeInUnrealizedGainsLossesInvestments`	$1.97M	USD	Annual
Total net change in unrealized gains (losses)	`TotalNetChangeInUnrealizedGainslossess`	$262.00K	USD	Annual
Total net change in unrealized gains (losses)	`TotalNetChangeInUnrealizedGainslossess`	$1.97M	USD	Annual
Total realized and unrealized gains (losses)	`TotalRealizedAndUnrealizedGainlosses`	$1.97M	USD	Annual
Total realized and unrealized gains (losses)	`TotalRealizedAndUnrealizedGainlosses`	$262.00K	USD	Annual
Net Increase (Decrease) in Net Assets Resulting from Operations	`InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease`	$-121.00K	USD	Annual
Net Increase (Decrease) in Net Assets Resulting from Operations	`InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease`	$4.81M	USD	Annual
Basic and diluted net investment income per common share (in Dollars per share)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$-58.00	USD	Annual
Basic and diluted net investment income per common share (in Dollars per share)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$257.00	USD	Annual
Basic and diluted net increase in net assets resulting from operations (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-18.00	USD	Annual
Basic and diluted net increase in net assets resulting from operations (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$435.00	USD	Annual
Weighted Average Common Shares Outstanding - Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	6,600.00	shares	Annual
Weighted Average Common Shares Outstanding - Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11,046.00	shares	Annual

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net increase (decrease) in net assets resulting from operations	`InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease`	$-121.00K	USD	Annual
Net increase (decrease) in net assets resulting from operations	`InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease`	$4.81M	USD	Annual
Net realized (gains)/losses on investments	`NetRealizedgainslossesOnInvestments`	-	USD	Annual
Net realized (gains)/losses on investments	`NetRealizedgainslossesOnInvestments`	$-1.00K	USD	Annual
Net change in unrealized (gains)/losses on investments	`UnrealizedGainLossOnInvestments`	$1.97M	USD	Annual
Net change in unrealized (gains)/losses on investments	`UnrealizedGainLossOnInvestments`	$262.00K	USD	Annual
Net accretion of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$216.00K	USD	Annual
Net accretion of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.00K	USD	Annual
(Purchases)/sales of short-term investments, net	`SalesOfShorttermInvestmentsNet`	$-31.24M	USD	Annual
(Purchases)/sales of short-term investments, net	`SalesOfShorttermInvestmentsNet`	$31.24M	USD	Annual
Purchases of portfolio investments	`PurchasesOfPortfolioInvestments`	$95.71M	USD	Annual
Purchases of portfolio investments	`PurchasesOfPortfolioInvestments`	$11.50M	USD	Annual
Proceeds from sales of investments and principal repayments	`ProceedsFromSalesOfInvestmentsAndPrincipalRepayments`	$-6.00K	USD	Annual
Proceeds from sales of investments and principal repayments	`ProceedsFromSalesOfInvestmentsAndPrincipalRepayments`	$-2.34M	USD	Annual
Amortization of deferred financing cost	`AmortizationOfDeferredCharges`	$90.00K	USD	Annual
Amortization of deferred financing cost	`AmortizationOfDeferredCharges`	-	USD	Annual
(Increase)/decrease in interest and dividends receivable	`IncreaseDecreaseInInterestAndDividendsReceivable`	$12.00K	USD	Annual
(Increase)/decrease in interest and dividends receivable	`IncreaseDecreaseInInterestAndDividendsReceivable`	$960.00K	USD	Annual
(Increase)/decrease in deferred offering costs	`IncreaseDecreaseInDeferredCharges`	$137.00K	USD	Annual
(Increase)/decrease in deferred offering costs	`IncreaseDecreaseInDeferredCharges`	$-137.00K	USD	Annual
(Increase)/decrease in receivable for principal payments on investments	`IncreasedecreaseInReceivableForPrincipalPaymentsOnInvestments`	-	USD	Annual
(Increase)/decrease in receivable for principal payments on investments	`IncreasedecreaseInReceivableForPrincipalPaymentsOnInvestments`	$22.00K	USD	Annual
(Increase)/decrease in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$112.00K	USD	Annual
(Increase)/decrease in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-11.00K	USD	Annual
Increase/(decrease) in payable for investments purchased	`IncreasedecreaseInPayableForInvestmentsPurchased`	$137.00K	USD	Annual
Increase/(decrease) in management fees payable	`IncreasedecreaseInManagementFeesPayables`	$2.00K	USD	Annual
Increase/(decrease) in management fees payable	`IncreasedecreaseInManagementFeesPayables`	$154.00K	USD	Annual
Increase/(decrease) in accrued organizational and offering costs, net	`IncreaseDecreaseInAccruedLiabilities`	$-471.00K	USD	Annual
Increase/(decrease) in accrued organizational and offering costs, net	`IncreaseDecreaseInAccruedLiabilities`	$471.00K	USD	Annual
Increase/(decrease) in accrued other general and administrative expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$263.00K	USD	Annual
Increase/(decrease) in accrued other general and administrative expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$175.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-60.17M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-42.73M	USD	Annual
Borrowings on subscription credit facility, net	`BorrowingsOnSubscriptionCreditFacilityNet`	$750.00K	USD	Annual
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$125.00K	USD	Annual
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Distributions paid in cash	`PaymentsOfCapitalDistribution`	$10.00K	USD	Annual
Distributions paid in cash	`PaymentsOfCapitalDistribution`	-	USD	Annual
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$60.00M	USD	Annual
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$43.00M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$60.62M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$43.00M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$266.00K	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$449.00K	USD	Annual
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$266.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$266.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$715.00K	USD	Point-in-time
Interest paid during the period	`InterestPaidNet`	$111.00K	USD	Annual
Interest paid during the period	`InterestPaidNet`	-	USD	Annual
Non-cash financing activities not included herein consisted of reinvestment of dividends	`NoncashFinancingActivitiesNotIncludedHereinConsistedOfReinvestmentOfDividends`	-	USD	Annual
Non-cash financing activities not included herein consisted of reinvestment of dividends	`NoncashFinancingActivitiesNotIncludedHereinConsistedOfReinvestmentOfDividends`	$1.12M	USD	Annual

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Net investment income (loss)	`NetInvestmentIncome`	$2.84M	USD	Annual
Net investment income (loss)	`NetInvestmentIncome`	$-383.00K	USD	Annual
Net realized gains (losses) on investments	`RealizedInvestmentGainsLosses`	$1.00K	USD	Annual
Net realized gains (losses) on investments	`RealizedInvestmentGainsLosses`	-	USD	Annual
Net change in unrealized gains (losses) on investments	`UnrealizedGainLossOnInvestments`	$1.97M	USD	Annual
Net change in unrealized gains (losses) on investments	`UnrealizedGainLossOnInvestments`	$262.00K	USD	Annual
Net Increase (Decrease) in Net Assets Resulting from Operations	`InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease`	$-121.00K	USD	Annual
Net Increase (Decrease) in Net Assets Resulting from Operations	`InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease`	$4.81M	USD	Annual
Dividends and distributions to stockholders	`InvestmentCompanyDividendDistribution`	$2.90M	USD	Annual
Dividends and distributions to stockholders	`InvestmentCompanyDividendDistribution`	-	USD	Annual
Net Decrease in Net Assets Resulting from Stockholder Distributions	`NetDecreaseInNetAssetsResultingFromStockholderDistributions`	-	USD	Annual
Net Decrease in Net Assets Resulting from Stockholder Distributions	`NetDecreaseInNetAssetsResultingFromStockholderDistributions`	$-2.90M	USD	Annual
Issuance of common shares	`StockIssuedDuringPeriodValueNewIssues`	$43.00M	USD	Annual
Issuance of common shares	`StockIssuedDuringPeriodValueNewIssues`	$60.00M	USD	Annual
Reinvestment of distributions	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$1.12M	USD	Annual
Reinvestment of distributions	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	-	USD	Annual
Net Increase in Net Assets Resulting from Capital Share Transactions	`NetIncreaseInNetAssetsResultingFromCapitalShareTransactions`	$43.00M	USD	Annual
Net Increase in Net Assets Resulting from Capital Share Transactions	`NetIncreaseInNetAssetsResultingFromCapitalShareTransactions`	$61.12M	USD	Annual
Total Increase (Decrease) in Net Assets	`InvestmentCompanyNetAssetsPeriodIncreaseDecrease`	$63.03M	USD	Annual
Total Increase (Decrease) in Net Assets	`InvestmentCompanyNetAssetsPeriodIncreaseDecrease`	$42.88M	USD	Annual
Net Assets, Beginning of Period	`StockholdersEquity`	$42.88M	USD	Point-in-time
Net Assets, Beginning of Period	`StockholdersEquity`	-	USD	Point-in-time
Net Assets, Beginning of Period	`StockholdersEquity`	$105.91M	USD	Point-in-time
Net Assets, End of Period	`StockholdersEquity`	$42.88M	USD	Point-in-time
Net Assets, End of Period	`StockholdersEquity`	-	USD	Point-in-time
Net Assets, End of Period	`StockholdersEquity`	$105.91M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.