Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations (Unaudited)

v3.24.3
Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
INVESTMENT INCOME        
Interest income from non-control/non-affiliate investments $ 173,452 $ 172,500 $ 514,917 $ 1,081,875
Interest income paid-in kind-from non-control/non-affiliate investments 81,378 70,641 234,092 93,141
Interest income from control investments 68,065 266,292 202,712 781,544
Other income 315 357 938 856
Total investment income 326,698 513,278 963,124 1,962,067
OPERATING EXPENSES        
Management fees 58,140 76,453 202,098 238,657
Administration fees 107,024 104,915 316,853 310,177
Tax preparation fees 14,540
Audit fees 20,800 20,800 127,920 102,336
Legal fees 47,361 37,501 123,037 148,791
Valuation fees 22,500 22,500 67,500 67,500
Directors’ fees 38,625 38,625 115,875 115,875
Insurance expense 33,198 33,196 84,038 117,996
Interest expense 207
Other general and administrative expenses 24,586 20,362 100,292 104,395
Total operating expenses 352,234 354,352 1,152,153 1,205,934
Net investment income (loss) before income tax expense (25,536) 158,926 (189,029) 756,133
Income tax expense 1,402 174 3,356 5,630
Net investment income (loss) after income tax expense (26,938) 158,752 (192,385) 750,503
Net realized gain (loss) on:        
Total net realized gain (loss) on investments (5,549,735)
Net change in unrealized gain (loss) on:        
Net change in unrealized gain (loss) on investments (986,123) (941,952) (3,037,038) (75,266)
Net realized and unrealized loss on investments (986,123) (941,952) (8,586,773) (75,266)
Net increase (decrease) in net assets resulting from operations [1] $ (1,013,061) $ (783,200) $ (8,779,158) $ 675,237
Net investment income (loss) per share, Basic (in Dollars per share) $ 0 $ 0.001 $ (0.002) $ 0.006
Weighted average shares of common stock outstanding, Basic (in Shares) [1] 120,486,061 120,486,061 120,486,061 120,486,061
Net investment income (loss) per share, Diluted (in Dollars per share) $ 0 $ 0.001 $ (0.002) $ 0.006
Weighted average shares of common stock outstanding, Diluted (in Shares) [1] 120,486,061 120,486,061 120,486,061 120,486,061
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] $ (0.008) $ (0.007) $ (0.073) $ 0.006
Net increase (decrease) in net assets resulting from operations per share, Diluted (in Dollars per share) [1] (0.008) (0.007) (0.073) 0.006
Weighted average shares of common stock outstanding        
Net investment income (loss) per share, Basic (in Dollars per share) $ 0 $ 0.001 $ (0.002) $ 0.006
Weighted average shares of common stock outstanding, Basic (in Shares) [1] 120,486,061 120,486,061 120,486,061 120,486,061
Net investment income (loss) per share, Diluted (in Dollars per share) $ 0 $ 0.001 $ (0.002) $ 0.006
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 $ 3,488 $ 3,488 $ 10,465 $ 4,651
Net change in unrealized gain (loss) on:        
Net change in unrealized gain (loss) on investments (705,752) (186,948) (5,548,873) (587,373)
Control investments        
Net realized gain (loss) on:        
Total net realized gain (loss) on investments (5,549,735)
Net change in unrealized gain (loss) on:        
Net change in unrealized gain (loss) on investments $ (280,371) $ (755,004) $ 2,511,835 $ 512,107
[1] Per share data based on weighted average shares outstanding.