Financial Highlights

3 Months Ended

Mar. 31, 2023

NOTE 7 – FINANCIAL HIGHLIGHTS

	Three Months Ended			Three Months Ended
	March 31, 2023			March 31, 2022
	(Unaudited)			(Unaudited)
Per Share Data ⁽¹⁾:
Net asset value at beginning of period	$	0.266		$	0.286
Net investment gain (loss)		0.003			(0.003	)
Change in unrealized loss		(0.011	)		(0.006	)
Net asset value at end of period	$	0.258		$	0.277
Total return based on net asset value ⁽²⁾		(3.0	)%		(3.1	)%
Weighted average shares outstanding for period, basic		120,486,061			120,486,061
Ratio/Supplemental Data:
Net assets at end of period	$	31,066,400		$	33,376,737
Average net assets	$	32,072,161		$	34,460,811
Ratio of net operating expenses to average net assets ⁽³⁾		5.5	%		6.6	%
Ratio of net operating expenses excluding management fees, incentive fees, and interest expense to average net assets ⁽³⁾		4.3	%		5.6	%
Ratio of net investment income (loss) to average net assets ⁽³⁾		3.5	%		(3.7	)%
Ratio of net investment income (loss) to average net assets, excluding other income from non-investment sources ⁽³⁾		3.5	%		(3.7	)%
Ratio of net decrease in net assets resulting from operations to average net assets ⁽³⁾		(12.9	)%		(12.9	)%
Portfolio Turnover		0.0	%		0.0	%

	Year Ended December 31,
	2022			2021			2020			2019			2018
Per Share Data ⁽¹⁾:
Net asset value at beginning of period	$	0.286		$	0.187		$	0.276		$	0.345		$	0.344
Net investment income (loss)		(0.006	)		(0.007	)		(0.005	)		(0.009	)		0.009
Change in unrealized gain (loss)		0.025			0.106			(0.022	)		(0.060	)		(0.007	)
Realized gain (loss)		0.036			-			(0.062	)		-			(0.001	)
Dividend distribution		(0.075	)		-			-			-			-
Net asset value at end of period	$	0.266		$	0.286		$	0.187		$	0.276		$	0.345

Total return based on net asset value ⁽²⁾		(7.0	)%		52.9	%		(32.60	)%		(20.0	)%		0.3
Weighted average shares outstanding for period, basic		120,486,061			120,486,061			120,486,061			120,486,061			120,486,061
Ratio/Supplemental Data:
Net assets at end of period	$	32,083,462		$	34,472,992		$	22,479,540		$	33,280,329		$	41,554,951
Average net assets	$	35,317,720		$	29,126,862		$	25,276,013		$	38,504,249		$	41,416,562

Total operating expenses to average net assets		6.6	%		6.0	%		6.2	%		5.8	%		5.4	%

Net operating expenses to average net assets		6.6	%		6.0	%		6.2	%		5.8	%		5.4	%
Net operating expenses excluding management fees, incentive fees, and interest expense to average net assets		5.6	%		5.1	%		5.2	%		4.9	%		4.3	%

Net investment income (loss) to average net assets		(2.2	)%		(3.0	)%		(2.7	)%		(2.8	)%		2.5	%
Net investment income (loss) to average net assets, excluding other income from non-investment sources		(2.3	)%		(3.0	)%		(3.0	)%		(2.8	)%		2.5	%

Net increase (decrease) in net assets resulting from operations to average net assets		18.8	%		41.2	%		(42.7	)%		(21.5	)%		0.4	%
Portfolio Turnover		32.3	%		0.4	%		0.4	%		0.7	%		0.5	%

(1)	Financial highlights are based on weighted average shares outstanding.
(2)	Total return based on net asset value is based upon the change in net asset value per share between the opening and ending net asset values per share in the period. The total returns are not annualized.