Annual report [Section 13 and 15(d), not S-K Item 405]

Statements of Operations

v3.25.1
Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
INVESTMENT INCOME      
Interest income from non-control/non-affiliate investments $ 689,083 $ 1,254,375 $ 684,375
Interest income from control investments 270,775 1,050,876 827,954
Interest income paid-in-kind from non-control/ non-affiliate investments 318,417 166,339
Other income 91,823 1,163 24,318
Total investment income 1,384,051 2,480,893 1,554,643
OPERATING EXPENSES      
Management fees 257,384 317,546 339,328
Administration fees 423,877 415,092 403,299
Audit fees 169,520 149,136 202,196
Legal fees (Note 2) 158,589 187,687 786,720
Valuation fees 90,000 90,000 121,500
Other professional fees 14,540 14,170
Directors’ fees 150,000 150,000 150,000
Insurance expense 117,236 151,193 184,311
Interest expense 207 4,896
Other general and administrative expenses 143,392 138,465 126,721
Total operating expenses 1,524,538 1,599,326 2,333,141
Net investment income (loss) before income tax expense (benefit) (140,487) 881,567 (778,498)
Income tax expense (benefit) (1,850) 64,993 456
Net investment income (loss) after income tax expense (benefit) (138,637) 816,574 (778,954)
Net realized gain (loss) on:      
Total net realized gain (loss) (5,549,735) (1,200) 4,368,297
Net change in unrealized gain (loss) on investments:      
Net change in unrealized gain (loss) on investments (5,172,924) (994,274) 3,057,582
Net realized and unrealized gain (loss) on investments (10,722,659) (995,474) 7,425,879
Net increase (decrease) in net assets resulting from operations [1] $ (10,861,296) $ (178,900) $ 6,646,925
Basic (in Dollars per share) $ (0.001) $ 0.007 $ (0.006)
Basic (in Shares) [1] 120,486,061 120,486,061 120,486,061
Diluted (in Dollars per share) $ (0.001) $ 0.007 $ (0.006)
Diluted (in Shares) [1] 120,486,061 120,486,061 120,486,061
Net increase (decrease) in net assets resulting from operations per share      
Basic (in Dollars per share) [1] $ (0.09) $ (0.001) $ 0.055
Diluted (in Dollars per share) [1] (0.09) (0.001) 0.055
Weighted average shares of common stock outstanding      
Basic (in Dollars per share) $ (0.001) $ 0.007 $ (0.006)
Basic (in Shares) [1] 120,486,061 120,486,061 120,486,061
Diluted (in Dollars per share) $ (0.001) $ 0.007 $ (0.006)
Diluted (in Shares) [1] 120,486,061 120,486,061 120,486,061
Non-control/non-affiliate investments      
INVESTMENT INCOME      
Interest income paid-in-kind from non-control/ non-affiliate investments $ 318,417 $ 166,339 $ 0
Other income 13,953 8,140 17,996
Net change in unrealized gain (loss) on investments:      
Net change in unrealized gain (loss) on investments (7,320,698) (1,075,753) 7,173,601
Control investments      
Net realized gain (loss) on:      
Total net realized gain (loss) (5,549,735) (1,200) 4,368,297
Net change in unrealized gain (loss) on investments:      
Net change in unrealized gain (loss) on investments $ 2,147,774 $ 81,479 $ (4,116,019)
[1] Per share data based on weighted average shares outstanding.