Annual report pursuant to Section 13 and 15(d)

Statements of Operations

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Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INVESTMENT INCOME      
Interest income from non-control/non-affiliate investments $ 684,375 $ 286,875 $ 594,126
Interest income from control investments 827,954 465,455 167,703
Interest income paid-in-kind from control investments 97,401 21,804
Other income from non-control/non-affiliate investments 17,996 24,060 27,152
Other income from non-investment sources (Note 2) 24,318 745 94,158
Total investment income 1,554,643 874,536 904,943
OPERATING EXPENSES      
Management fees 339,328 265,340 266,984
Administration fees 403,299 402,110 396,324
Audit fees 202,196 159,547 197,550
Legal fees (Note 2) 786,720 349,332 131,451
Valuation fees 121,500 132,000 159,000
Other professional fees 14,170 19,487 21,920
Directors’ fees 150,000 150,000 150,000
Insurance expense 184,311 160,260 141,893
Interest expense 4,896 188 3,598
Other general and administrative expenses 126,721 116,058 93,053
Bad debt expense 16,549
Total operating expenses 2,333,141 1,754,322 1,578,322
Net investment loss before tax (778,498) (879,786) (673,379)
Income tax expense 456 1,816
Net investment loss after taxes (778,954) (879,786) (675,195)
Net realized gain (loss) on:      
Non-control/non-affiliate investments 4,368,297 (7,416,250)
Total net realized gain (loss) 4,368,297 (7,416,250)
Net change in unrealized gain (loss) on investments:      
Non-control/non-affiliate investments 7,173,601 4,404,498 (3,795,192)
Control investments (4,116,019) 8,468,740 1,085,848
Net change in unrealized gain (loss) on investments 3,057,582 12,873,238 (2,709,344)
Net realized and unrealized gain (loss) on investments 7,425,879 12,873,238 (10,125,594)
Net increase (decrease) in net assets resulting from operations $ 6,646,925 $ 11,993,452 $ (10,800,789)
Net investment income (loss) per share      
Basic (in Dollars per share) $ (0.006) $ (0.007) $ (0.006)
Diluted (in Dollars per share) (0.006) (0.007) (0.006)
Net increase (decrease) in net assets resulting from operations per share      
Basic (in Dollars per share) 0.055 0.1 (0.09)
Diluted (in Dollars per share) $ 0.055 $ 0.1 $ (0.09)
Weighted average shares of common stock outstanding      
Basic (in Shares) 120,486,061 120,486,061 120,486,061
Diluted (in Shares) 120,486,061 120,486,061 120,486,061