Quarterly report [Sections 13 or 15(d)]

Statements of Operations (Unaudited)

v3.25.1
Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
INVESTMENT INCOME    
Interest income from non-control/non-affiliate investments $ 1,973 $ 170,625
Interest income from control investments 66,584 67,324
Interest income paid-in-kind from non-control/ non-affiliate investments 75,014
Other income 17 321
Total investment income 72,062 316,772
OPERATING EXPENSES    
Management fees 48,760 76,746
Administration fees 107,024 104,915
Audit fees 98,800 52,000
Legal fees 41,888 38,728
Valuation fees 22,500 22,500
Directors’ fees 43,125 38,625
Insurance expense 32,476 32,836
Other general and administrative expenses 25,779 31,118
Total operating expenses 420,352 397,468
Net investment loss before tax (348,290) (80,696)
Income tax expense 114 1,402
Net investment loss after taxes (348,404) (82,098)
Net change in unrealized gain (loss) on:    
Net change in unrealized loss on investments (1,701,765) (6,551,852)
Net decrease in net assets resulting from operations [1] $ (2,050,169) $ (6,633,950)
Net investment income (loss) per share    
Basic (in Dollars per share) $ (0.003) $ (0.001)
Diluted (in Dollars per share) (0.003) (0.001)
Net decrease in net assets resulting from operations per share    
Basic (in Dollars per share) [1] (0.017) (0.055)
Diluted (in Dollars per share) [1] $ (0.017) $ (0.055)
Weighted average shares of common stock outstanding    
Basic (in Shares) [1] 120,486,061 120,486,061
Diluted (in Shares) [1] 120,486,061 120,486,061
Non-control/non-affiliate investments    
INVESTMENT INCOME    
Other income $ 3,488 $ 3,488
Net change in unrealized gain (loss) on:    
Net change in unrealized loss on investments (421,875) (4,112,000)
Control investments    
Net change in unrealized gain (loss) on:    
Net change in unrealized loss on investments $ (1,279,890) $ (2,439,852)
[1] Per share data based on weighted average shares outstanding.