Quarterly report [Sections 13 or 15(d)]

Statements of Operations (Unaudited)

v3.25.3
Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
INVESTMENT INCOME        
Interest income from non-control/non-affiliate investments $ 2,520 $ 173,452 $ 6,602 $ 514,917
Interest income paid-in kind-from non-control/non-affiliate investments 81,378 234,092
Interest income from control investments 22,043 68,065 110,431 202,712
Other income 8 315 40 938
Total investment income 25,734 326,698 125,213 963,124
OPERATING EXPENSES        
Management fees 44,829 58,140 140,404 202,098
Administration fees 108,859 107,024 322,908 316,853
Audit fees 20,800 20,800 140,400 127,920
Professional fees 9,870 34,465 14,540
Legal fees 17,272 47,361 87,492 123,037
Valuation fees 22,500 22,500 67,500 67,500
Directors’ fees 38,625 38,625 120,375 115,875
Insurance expense 33,198 33,198 98,510 84,038
Other general and administrative expenses 30,282 24,586 97,074 100,292
Total operating expenses 326,235 352,234 1,109,128 1,152,153
Net investment loss before tax (300,501) (25,536) (983,915) (189,029)
Income tax expense 9,302 1,402 9,986 3,356
Net investment loss after taxes (309,803) (26,938) (993,901) (192,385)
Net realized loss on:        
Total net realized loss on investments (5,549,735)
Net change in unrealized gain (loss) on:        
Net change in unrealized gain (loss) on investments (702,832) (986,123) (2,583,482) (3,037,038)
Net realized and unrealized loss on investments (702,832) (986,123) (2,583,482) (8,586,773)
Net decrease in net assets resulting from operations [1] $ (1,012,635) $ (1,013,061) $ (3,577,383) $ (8,779,158)
Net investment loss per share        
Basic (in Dollars per share) $ (0.002) $ 0 $ (0.008) $ (0.002)
Diluted (in Dollars per share) (0.002) 0 (0.008) (0.002)
Net decrease in net assets resulting from operations per share        
Basic (in Dollars per share) [1] (0.008) (0.008) (0.03) (0.073)
Diluted (in Dollars per share) [1] $ (0.008) $ (0.008) $ (0.03) $ (0.073)
Weighted average shares of common stock outstanding        
Basic (in Shares) [1],[2] 120,486,061 120,486,061 120,486,061 120,486,061
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 $ 1,163 $ 3,488 $ 8,140 $ 10,465
Net change in unrealized gain (loss) on:        
Net change in unrealized gain (loss) on investments 481,278 (705,752) 340,380 (5,548,873)
Control investments        
Net realized loss on:        
Total net realized loss on investments (5,549,735)
Net change in unrealized gain (loss) on:        
Net change in unrealized gain (loss) on investments $ (1,184,110) $ (280,371) $ (2,923,862) $ 2,511,835
[1] Per share data based on weighted average shares outstanding.
[2] Financial highlights are based on weighted average shares outstanding.