Quarterly report [Sections 13 or 15(d)]

Statements of Assets and Liabilities

v3.25.3
Statements of Assets and Liabilities - USD ($)
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Total investments at fair value $ 16,654,297 $ 19,217,779
Cash and cash equivalents 535,349 1,290,864
Restricted cash 5,000 5,000
Due from portfolio companies 33,574 33,049
Interest receivable, net of allowance for bad debt of $0 and $0, respectively 568,329 584,769
Prepaid expenses 100,392 76,418
Total assets 17,896,941 21,207,879
LIABILITIES    
Accrued management fees 91,645 55,286
Accounts payable 149,804 16,545
Due to affiliates [1] 129,750 64,875
Taxes payable 342
Accrued expenses and other liabilities 59,517 27,907
Total liabilities 431,058 164,613
Net assets 17,465,883 21,043,266
NET ASSETS    
Common Stock, par value $0.001 per share (250,000,000 shares authorized; 120,486,061 shares issued and outstanding at September 30, 2025 and December 31, 2024) 120,486 120,486
Paid-in capital 64,868,884 64,868,884
Accumulated deficit (47,523,487) (43,946,104)
Total net assets $ 17,465,883 $ 21,043,266
Net asset value per share (in Dollars per share) [2] $ 0.145 $ 0.175
Control Investments    
ASSETS    
Total investments at fair value $ 12,162,667 $ 15,066,529
Non-control/non-affiliate investments    
ASSETS    
Total investments at fair value $ 4,491,630 $ 4,151,250
[1] Amounts under Due to Affiliates are for accrued amounts payable to the Company’s investment advisor, House Hanover, LLC for the reimbursement of administration fees that it incurs on the Company’s behalf. See Note 6 of the Notes to Financial Statements.
[2] Financial highlights are based on weighted average shares outstanding.