10-Q Filing

KAYNE DL 2021, INC. CIK: 1850787 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-039589`
Period End Date	20230331
Filing Date	20230515
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	f10q0323_kaynedl_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 44 Cash Flow Statement 54 Stockholders Equity 28

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Long-term investments (amortized cost) (in Dollars)	`LongtermInvestmentsamortizedCost`	$128.53M	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`	$2.94M	USD	Point-in-time
Short-term investments (amortized cost) (in Dollars)	`ShorttermInvestmentsamortizedCost`	-	USD	Point-in-time
Long-term investments (amortized cost of $128,530 and $105,083)	`LongTermInvestments`	$131.25M	USD	Point-in-time
Long-term investments (amortized cost of $128,530 and $105,083)	`LongTermInvestments`	$107.31M	USD	Point-in-time
Common Shares, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Shares, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Short-term investments (amortized cost of $2,938)	`ShortTermInvestments`	-	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
Short-term investments (amortized cost of $2,938)	`ShortTermInvestments`	$2.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.12M	USD	Point-in-time
Common Shares, shares issued	`CommonStockSharesIssued`	20,554.00	shares	Point-in-time
Common Shares, shares issued	`CommonStockSharesIssued`	25,668.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$715.00K	USD	Point-in-time
Common Shares, shares outstanding	`CommonStockSharesOutstanding`	25,668.00	shares	Point-in-time
Common Shares, shares outstanding	`CommonStockSharesOutstanding`	20,554.00	shares	Point-in-time
Receivable for principal payments on investments	`ReceivableForPrincipalPaymentsOnInvestments`	$24.00K	USD	Point-in-time
Receivable for principal payments on investments	`ReceivableForPrincipalPaymentsOnInvestments`	$22.00K	USD	Point-in-time
Interest receivable	`InterestReceivable`	$1.20M	USD	Point-in-time
Interest receivable	`InterestReceivable`	$972.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$101.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$72.00K	USD	Point-in-time
Total Assets	`Assets`	$109.12M	USD	Point-in-time
Total Assets	`Assets`	$136.61M	USD	Point-in-time
Subscription Credit Facility (Note 6)	`SubscriptionCreditFacility`	$750.00K	USD	Point-in-time
Subscription Credit Facility (Note 6)	`SubscriptionCreditFacility`	-	USD	Point-in-time
Unamortized Subscription Credit Facility issuance costs	`UnamortizedSubscriptionCreditFacilityIssuanceCosts`	$-50.00K	USD	Point-in-time
Unamortized Subscription Credit Facility issuance costs	`UnamortizedSubscriptionCreditFacilityIssuanceCosts`	$-35.00K	USD	Point-in-time
Payable for investments purchased	`PayableForInvestmentsPurchased`	$137.00K	USD	Point-in-time
Payable for investments purchased	`PayableForInvestmentsPurchased`	-	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$1.77M	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$2.95M	USD	Point-in-time
Management fee payable	`ManagementFeePayable`	$156.00K	USD	Point-in-time
Management fee payable	`ManagementFeePayable`	$221.00K	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$345.00K	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$438.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.47M	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; 25,668 and 20,554 as of March 31, 2023 and December 31, 2022, respectively, issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Common Shares, $0.001 par value; 100,000 shares authorized; 25,668 and 20,554 as of March 31, 2023 and December 31, 2022, respectively, issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$130.56M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$103.81M	USD	Point-in-time
Total distributable earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$2.58M	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`	$133.14M	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	$43.15M	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`	$136.61M	USD	Point-in-time
Net Asset Value Per Common Share (in Dollars per share)	`NetAssetValuePerShare`	$5.19K	USD	Point-in-time
Net Asset Value Per Common Share (in Dollars per share)	`NetAssetValuePerShare`	$5.15K	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Basic and diluted net investment income per common share (in Dollars per share)	`DilutedNetInvestmentIncomePerCommonShareinDollarsPerShare`	$4.00	USD	1 Quarter
Basic and diluted net investment income per common share (in Dollars per share)	`DilutedNetInvestmentIncomePerCommonShareinDollarsPerShare`	$131.00	USD	1 Quarter
Basic and diluted net increase in net assets resulting from operations (in Dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$152.00	USD	1 Quarter
Basic and diluted net increase in net assets resulting from operations (in Dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$32.00	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$3.50M	USD	1 Quarter
Weighted Average Common Shares Outstanding - Basic and Diluted (in Shares) (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8,600.00	shares	1 Quarter
Interest income	`InterestAndOtherIncome`	$346.00K	USD	1 Quarter
Weighted Average Common Shares Outstanding - Basic and Diluted (in Shares) (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22,546.00	shares	1 Quarter
Total Investment Income	`InvestmentIncomeNonoperating`	$346.00K	USD	1 Quarter
Total Investment Income	`InvestmentIncomeNonoperating`	$3.50M	USD	1 Quarter
Interest expense	`InterestExpense`	$111.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$18.00K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$33.00K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$221.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$85.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$99.00K	USD	1 Quarter
Directors fees	`NoninterestExpenseDirectorsFees`	$27.00K	USD	1 Quarter
Directors fees	`NoninterestExpenseDirectorsFees`	$35.00K	USD	1 Quarter
Offering costs	`NoninterestExpenseOfferingCost`	$35.00K	USD	1 Quarter
Offering costs	`NoninterestExpenseOfferingCost`	-	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$101.00K	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$98.00K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$553.00K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$310.00K	USD	1 Quarter
Net Investment Income (Loss)	`NetInvestmentIncome`	$2.95M	USD	1 Quarter
Net Investment Income (Loss)	`NetInvestmentIncome`	$36.00K	USD	1 Quarter
Investments	`RealizedInvestmentGainsLosses`	-	USD	1 Quarter
Investments	`RealizedInvestmentGainsLosses`	-	USD	1 Quarter
Total net realized gains (losses)	`TotalNetRealizedGainslosses`	-	USD	1 Quarter
Total net realized gains (losses)	`TotalNetRealizedGainslosses`	-	USD	1 Quarter
Investments	`NetChangeInUnrealizedGainsLossesInvestments`	$488.00K	USD	1 Quarter
Investments	`NetChangeInUnrealizedGainsLossesInvestments`	$238.00K	USD	1 Quarter
Total net change in unrealized gains (losses)	`TotalNetChangeInUnrealizedGainslossess`	$238.00K	USD	1 Quarter
Total net change in unrealized gains (losses)	`TotalNetChangeInUnrealizedGainslossess`	$488.00K	USD	1 Quarter
Total realized and unrealized gains (losses)	`TotalRealizedAndUnrealizedGainlosses`	$238.00K	USD	1 Quarter
Total realized and unrealized gains (losses)	`TotalRealizedAndUnrealizedGainlosses`	$488.00K	USD	1 Quarter
Net Increase (Decrease) in Net Assets Resulting from Operations	`NetIncomeLoss`	$3.43M	USD	1 Quarter
Net Increase (Decrease) in Net Assets Resulting from Operations	`NetIncomeLoss`	$274.00K	USD	1 Quarter
Basic and diluted net investment income per common share (in Dollars per share)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$131.00	USD	1 Quarter
Basic and diluted net investment income per common share (in Dollars per share)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$4.00	USD	1 Quarter
Basic and diluted net increase in net assets resulting from operations (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$32.00	USD	1 Quarter
Basic and diluted net increase in net assets resulting from operations (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$152.00	USD	1 Quarter
Weighted Average Common Shares Outstanding - Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22,546.00	shares	1 Quarter
Weighted Average Common Shares Outstanding - Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8,600.00	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$3.43M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$274.00K	USD	1 Quarter
Net realized (gains)/losses on investments	`NetRealizedgainslossesOnInvestments`	-	USD	1 Quarter
Net realized (gains)/losses on investments	`NetRealizedgainslossesOnInvestments`	-	USD	1 Quarter
Net change in unrealized (gains)/losses on investments	`UnrealizedGainLossOnInvestments`	$238.00K	USD	1 Quarter
Net change in unrealized (gains)/losses on investments	`UnrealizedGainLossOnInvestments`	$488.00K	USD	1 Quarter
Net accretion of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$194.00K	USD	1 Quarter
Net accretion of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$26.00K	USD	1 Quarter
Sales (purchases) of short-term investments, net	`SalesOfShorttermInvestmentsNet`	$2.94M	USD	1 Quarter
Sales (purchases) of short-term investments, net	`SalesOfShorttermInvestmentsNet`	$-12.29M	USD	1 Quarter
Purchases of portfolio investments	`PurchasesOfPortfolioInvestments`	$24.04M	USD	1 Quarter
Purchases of portfolio investments	`PurchasesOfPortfolioInvestments`	$12.48M	USD	1 Quarter
Proceeds from sales of investments and principal repayments	`ProceedsFromSalesOfInvestmentsAndPrincipalRepayments`	$-94.00K	USD	1 Quarter
Proceeds from sales of investments and principal repayments	`ProceedsFromSalesOfInvestmentsAndPrincipalRepayments`	$-790.00K	USD	1 Quarter
Amortization of deferred financing cost	`AmortizationOfDeferredCharges`	$9.00K	USD	1 Quarter
Amortization of deferred financing cost	`AmortizationOfDeferredCharges`	$40.00K	USD	1 Quarter
(Increase)/decrease in interest and dividends receivable	`IncreaseDecreaseInInterestAndDividendsReceivable`	$111.00K	USD	1 Quarter
(Increase)/decrease in interest and dividends receivable	`IncreaseDecreaseInInterestAndDividendsReceivable`	$229.00K	USD	1 Quarter
(Increase)/decrease in deferred offering costs	`IncreaseDecreaseInDeferredCharges`	$-36.00K	USD	1 Quarter
(Increase)/decrease in deferred offering costs	`IncreaseDecreaseInDeferredCharges`	-	USD	1 Quarter
(Increase)/decrease in receivable for principal payments on investments	`IncreasedecreaseInReceivableForPrincipalPaymentsOnInvestments`	-	USD	1 Quarter
(Increase)/decrease in receivable for principal payments on investments	`IncreasedecreaseInReceivableForPrincipalPaymentsOnInvestments`	$2.00K	USD	1 Quarter
(Increase)/decrease in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-29.00K	USD	1 Quarter
(Increase)/decrease in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-33.00K	USD	1 Quarter
Increase/(decrease) in payable for investments purchased	`IncreasedecreaseInPayableForInvestmentsPurchased`	$-137.00K	USD	1 Quarter
Increase/(decrease) in payable for investments purchased	`IncreasedecreaseInPayableForInvestmentsPurchased`	-	USD	1 Quarter
Increase/(decrease) in management fees payable	`IncreasedecreaseInManagementFeesPayables`	$31.00K	USD	1 Quarter
Increase/(decrease) in management fees payable	`IncreasedecreaseInManagementFeesPayables`	$65.00K	USD	1 Quarter
Increase/(decrease) in accrued organizational and offering costs, net	`IncreaseDecreaseInOtherAccruedLiabilities`	$-460.00K	USD	1 Quarter
Increase/(decrease) in accrued organizational and offering costs, net	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	1 Quarter
Increase/(decrease) in accrued other general and administrative expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-93.00K	USD	1 Quarter
Increase/(decrease) in accrued other general and administrative expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$155.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-388.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-23.77M	USD	1 Quarter
Borrowings/(payments) on subscription credit facility, net	`BorrowingsOnSubscriptionCreditFacilityNet`	$-750.00K	USD	1 Quarter
Borrowings/(payments) on subscription credit facility, net	`BorrowingsOnSubscriptionCreditFacilityNet`	$5.00M	USD	1 Quarter
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$55.00K	USD	1 Quarter
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$95.00K	USD	1 Quarter
Distributions paid in cash	`PaymentsOfCapitalDistribution`	$18.00K	USD	1 Quarter
Distributions paid in cash	`PaymentsOfCapitalDistribution`	-	USD	1 Quarter
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$25.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.91M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$24.18M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.52M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$410.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$266.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$715.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.12M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.78M	USD	Point-in-time
Interest paid during the period	`InterestPaidNet`	$72.00K	USD	1 Quarter
Interest paid during the period	`InterestPaidNet`	-	USD	1 Quarter
Non-cash financing activities not included herein consisted of reinvestment of dividends	`NoncashFinancingActivitiesNotIncludedHereinConsistedOfReinvestmentOfDividends`	-	USD	1 Quarter
Non-cash financing activities not included herein consisted of reinvestment of dividends	`NoncashFinancingActivitiesNotIncludedHereinConsistedOfReinvestmentOfDividends`	$1.75M	USD	1 Quarter

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Net investment income (loss)	`NetInvestmentIncome`	$2.95M	USD	1 Quarter
Net investment income (loss)	`NetInvestmentIncome`	$36.00K	USD	1 Quarter
Net realized gains (losses) on investments	`RealizedInvestmentGainsLosses`	-	USD	1 Quarter
Net realized gains (losses) on investments	`RealizedInvestmentGainsLosses`	-	USD	1 Quarter
Net change in unrealized gains (losses) on investments	`UnrealizedGainLossOnInvestments`	$238.00K	USD	1 Quarter
Net change in unrealized gains (losses) on investments	`UnrealizedGainLossOnInvestments`	$488.00K	USD	1 Quarter
Net Increase (Decrease) in Net Assets Resulting from Operations	`NetIncomeLoss`	$3.43M	USD	1 Quarter
Net Increase (Decrease) in Net Assets Resulting from Operations	`NetIncomeLoss`	$274.00K	USD	1 Quarter
Dividends and distributions to stockholders	`InvestmentCompanyDividendDistribution`	$2.95M	USD	1 Quarter
Dividends and distributions to stockholders	`InvestmentCompanyDividendDistribution`	-	USD	1 Quarter
Net Decrease in Net Assets Resulting from Stockholder Distributions	`NetDecreaseInNetAssetsResultingFromStockholderDistributions`	-	USD	1 Quarter
Net Decrease in Net Assets Resulting from Stockholder Distributions	`NetDecreaseInNetAssetsResultingFromStockholderDistributions`	$-2.95M	USD	1 Quarter
Issuance of common shares	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Issuance of common shares	`StockIssuedDuringPeriodValueNewIssues`	$25.00M	USD	1 Quarter
Reinvestment of distributions	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	-	USD	1 Quarter
Reinvestment of distributions	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$1.75M	USD	1 Quarter
Net Increase in Net Assets Resulting from Capital Share Transactions	`NetIncreaseInNetAssetsResultingFromCapitalShareTransactions`	$26.75M	USD	1 Quarter
Net Increase in Net Assets Resulting from Capital Share Transactions	`NetIncreaseInNetAssetsResultingFromCapitalShareTransactions`	-	USD	1 Quarter
Total Increase (Decrease) in Net Assets	`StockholdersEquityPeriodIncreaseDecrease`	$274.00K	USD	1 Quarter
Total Increase (Decrease) in Net Assets	`StockholdersEquityPeriodIncreaseDecrease`	$27.23M	USD	1 Quarter
Net Assets, Beginning of Period	`StockholdersEquity`	$42.88M	USD	Point-in-time
Net Assets, Beginning of Period	`StockholdersEquity`	$133.14M	USD	Point-in-time
Net Assets, Beginning of Period	`StockholdersEquity`	$43.15M	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`	$133.14M	USD	Point-in-time
Net Assets, End of Period	`StockholdersEquity`	$43.15M	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.