.2
Pro Forma Reconciliation to Net Asset Value
|
Total NAV |
Shares Outstanding |
NAV Per Share |
||||||||||
|
NAV - 6/30/23 |
$ | 29,866,456 | 1,482,680 | $ | 20.14 | |||||||
|
Board Retention Bonus @ June 30,2023 |
3,695,600 | 91,628 | ||||||||||
|
Amendment 5 increased employee bonus |
(110,705 | ) | ||||||||||
|
Proforma NAV |
$ | 33,451,351 | 1,574,308 | $ | 21.25 | |||||||
|
Total NAV |
Shares Outstanding |
NAV Per Share |
||||||||||
|
NAV 12/31/22 |
$ | 30,367,499 | 1,482,680 | $ | 20.48 | |||||||
|
RBP @ 12/31/22 |
5,685,539 | |||||||||||
|
Amendment #5 RBP |
(4,802,928 | ) | ||||||||||
|
Restricted Stock Plan |
2,702,285 | 91,628 | ||||||||||
|
Rights Offering |
4,418,380 | 625,000 | ||||||||||
|
Proforma NAV 12/31/22 |
$ | 38,370,775 | 2,199,308 | $ | 17.45 | |||||||