Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations (Unaudited)

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Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
INVESTMENT INCOME        
Interest income from non-control/non-affiliate investments $ 170,839 $ 455,625 $ 341,464 $ 909,375
Interest income paid-in kind-from non-control/non-affiliate investments 77,701 22,500 152,715 22,500
Interest income from control investments 67,323 260,469 134,647 515,252
Other income 302 298 623 499
Total investment income 319,654 740,055 636,426 1,448,789
OPERATING EXPENSES        
Management fees 67,212 74,239 143,958 162,204
Administration fees 104,914 102,631 209,829 205,262
Audit fees 55,120 20,800 107,120 81,536
Tax preparation fees 14,540 14,540
Legal fees 36,948 76,987 75,676 111,290
Valuation fees 22,500 22,500 45,000 45,000
Directors’ fees 38,625 38,625 77,250 77,250
Insurance expense 18,004 38,528 50,840 84,800
Interest expense 207
Other general and administrative expenses 44,588 45,508 75,706 84,033
Total operating expenses 402,451 419,818 799,919 851,582
Net investment income (loss) before tax (82,797) 320,237 (163,493) 597,207
Income tax expense 552 5,456 1,954 5,456
Net investment income (loss) after taxes (83,349) 314,781 (165,447) 591,751
Net realized gain (loss) on:        
Control investments (5,549,735) (5,549,735)
Total net realized gain (loss) on investments (5,549,735) (5,549,735)
Net change in unrealized gain (loss) on:        
Non-control/non-affiliate investments (731,121) (195,457) (4,843,121) (400,425)
Control investments 5,232,058 2,356,175 2,792,206 1,267,111
Net change in unrealized gain (loss) on investments 4,500,937 2,160,718 (2,050,915) 866,686
Net realized and unrealized gain (loss) on investments (1,048,798) 2,160,718 (7,600,650) 866,686
Net increase (decrease) in net assets resulting from operations [1] $ (1,132,147) $ 2,475,499 $ (7,766,097) $ 1,458,437
Net investment income (loss) per share        
Net investment income (loss) per share, Basic (in Dollars per share) $ (0.001) $ 0.003 $ (0.001) $ 0.005
Net investment income (loss) per share, Diluted (in Dollars per share) (0.001) 0.003 (0.001) 0.005
Net increase (decrease) in net assets resulting from operations per share        
Net increase (decrease) in net assets resulting from operations per share, Basic (in Dollars per share) [1] (0.009) 0.021 (0.064) 0.012
Net increase (decrease) in net assets resulting from operations per share, Diluted (in Dollars per share) [1] $ (0.009) $ 0.021 $ (0.064) $ 0.012
Weighted average shares of common stock outstanding        
Weighted average shares of common stock outstanding, Basic (in Shares) [1] 120,486,061 120,486,061 120,486,061 120,486,061
Weighted average shares of common stock outstanding, Diluted (in Shares) [1] 120,486,061 120,486,061 120,486,061 120,486,061
Non-control/non-affiliate investments        
INVESTMENT INCOME        
Other income $ 3,489 $ 1,163 $ 6,977 $ 1,163
[1] Per share data based on weighted average shares outstanding.