Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

v3.23.1
Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net decrease in net assets resulting from operations [1] $ (1,017,062) $ (1,096,255)
Adjustments to reconcile decrease in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net change in unrealized loss on investments 1,294,032 779,230
Changes in operating assets and liabilities:    
Due from portfolio companies (250) (1,959)
Interest receivable 25,733 46,020
Prepaid expenses 15,030 (147,152)
Taxes receivable 750
Accrued management fees 87,965 81,012
Accounts payable 138,612 (8,599)
Due to affiliates 64,875 67,500
Deferred fee income (5,933)
Accrued expenses and other liabilities (64,657) 213,779
Net cash provided by (used in) operating activities 544,278 (71,607)
Net increase (decrease) in cash and restricted cash 544,278 (71,607)
Cash, cash equivalents and restricted cash at beginning of period 1,566,546 564,401
Cash, cash equivalents and restricted cash at end of period 2,110,824 492,794
Supplemental disclosure of cash flow financing activities:    
Interest expense paid $ 207
[1] Per share data based on weighted average shares outstanding.