Financial Highlights

9 Months Ended

Sep. 30, 2025

NOTE 7 – FINANCIAL HIGHLIGHTS

	Three Months Ended			Three Months Ended
	September 30, 2025			September 30, 2024
	(Unaudited)			(Unaudited)
Per Share Data ⁽¹⁾:
Net asset value at beginning of period	$	0.153		$	0.200
Net investment loss		(0.002	)		-
Change in unrealized loss		(0.006	)		(0.008	)
Net asset value at end of period	$	0.145		$	0.192
Total return based on net asset value ⁽²⁾		(5.2	)%		(4.0	)%
Weighted average shares outstanding for period, basic		120,486,061			120,486,061
Ratio/Supplemental Data:
Net assets at end of period	$	17,465,883		$	23,125,404
Average net assets	$	18,467,511		$	24,127,453
Ratio of net operating expenses to average net assets ⁽³⁾		7.0	%		5.8	%
Ratio of net operating expenses excluding management fees, incentive fees, and interest expense to average net assets ⁽³⁾		6.0	%		4.8	%
Ratio of net investment loss to average net assets ⁽³⁾		(6.7	)%		(0.4	)%
Ratio of net investment loss to average net assets, excluding other income from non-investment sources ⁽³⁾		(6.7	)%		(0.4	)%
Ratio of net decrease in net assets resulting from operations to average net assets ⁽³⁾		(21.8	)%		(16.7	)%
Portfolio Turnover		0.00	%		0.23	%

	Nine Months Ended			Nine Months Ended
	September 30, 2025			September 30, 2024
	(Unaudited)			(Unaudited)
Per Share Data ⁽¹⁾:
Net asset value at beginning of period	$	0.175		$	0.265
Net investment loss		(0.008	)		(0.002	)
Change in unrealized loss		(0.022	)		(0.025	)
Realized loss		-			(0.046	)
Net asset value at end of period	$	0.145		$	0.192
Total return based on net asset value ⁽²⁾		(17.1	)%		(27.5	)%
Weighted average shares outstanding for period, basic		120,486,061			120,486,061
Ratio/Supplemental Data:
Net assets at end of period	$	17,465,883		$	23,125,404
Average net assets	$	19,482,462		$	27,061,680
Ratio of net operating expenses to average net assets ⁽³⁾		7.6	%		5.7	%
Ratio of net operating expenses excluding management fees, incentive fees, and interest expense to average net assets ⁽³⁾		6.6	%		4.7	%
Ratio of net investment loss to average net assets ⁽³⁾		(6.8	)%		(0.9	)%
Ratio of net investment loss to average net assets, excluding other income from non-investment sources ⁽³⁾		(6.8	)%		(1.0	)%
Ratio of net decrease in net assets resulting from operations to average net assets ⁽³⁾		(24.6	)%		(43.2	)%
Portfolio Turnover		0.11	%		0.27	%

	Year Ended December 31,
	2024			2023			2022			2021			2020
Per Share Data ⁽¹⁾:
Net asset value at beginning of period	$	0.265		$	0.266		$	0.286		$	0.187		$	0.276
Net investment income (loss)		(0.001	)		0.007			(0.006	)		(0.007	)		(0.005	)
Change in unrealized gain (loss)		(0.043	)		(0.008	)		0.025			0.106			(0.022	)
Realized gain (loss)		(0.046	)		-			0.036			-			(0.062	)
Dividend distribution		-			-			(0.075	)		-			-
Net asset value at end of period	$	0.175		$	0.265		$	0.266		$	0.286		$	0.187
Total return based on net asset value ⁽²⁾		(34.0	)%		(0.4	)%		(7.0	)%		52.9	%		(32.60	)%
Weighted average shares outstanding for period, basic		120,486,061			120,486,061			120,486,061			120,486,061			120,486,061
Ratio/Supplemental Data:
Net assets at end of period	$	21,043,266		$	31,904,562		$	32,083,462		$	34,472,992		$	22,479,540
Average net assets	$	26,066,545		$	32,367,368		$	35,317,720		$	29,126,862		$	25,276,013

Total operating expenses to average net assets		5.8	%		4.9	%		6.6	%		6.0	%		6.2	%
Net operating expenses to average net assets		5.8	%		4.9	%		6.6	%		6.0	%		6.2	%
Net operating expenses excluding management fees, incentive fees, and interest expense to average net assets		4.8	%		4.0	%		5.6	%		5.1	%		5.2	%

Net investment income (loss) to average net assets		(0.5	)%		2.5	%		(2.2	)%		(3.0	)%		(2.7	)%
Net investment income (loss) to average net assets, excluding other income from non-investment sources		(0.9	)%		2.5	%		(2.3	)%		(3.0	)%		(3.0	)%

Net increase (decrease) in net assets resulting from operations to average net assets		(41.6	)%		(0.6	)%		18.8	%		41.2	%		(42.7	)%
Portfolio Turnover		0.0	%		0.0	%		32.3	%		0.4	%		0.4	%

(1)	Financial highlights are based on weighted average shares outstanding.
(2)	Total return based on net asset value is based upon the change in net asset value per share between the opening and ending net asset values per share in the period. The total returns are not annualized.
(3)	Financial Highlights for the periods of less than one year are annualized and the ratios of operating expenses to average net assets and net investment loss to average net assets are adjusted accordingly. Non-recurring expenses are not annualized. For the nine months ended September 30, 2025 and 2024, the Company did not exclude any nonrecurring expenses. Because the ratios are calculated for the Company’s common stock taken as a whole, an individual investor’s ratios may vary from these ratios.