Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (Unaudited)

v3.23.1
Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

NOTE 11 – SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

 

    Quarter Ended  
    December 31,
2022		     September 30,
2022		     June 30,
2022		     March 31,
2022		  
                         
Total Investment Income   $ 454,302     $ 433,260     $ 425,799     $ 241,282  
Total Operating Expenses     490,674       705,916       578,244       558,307  
Income tax expense     -       -       456       -  
Net Investment Income (Loss)     (36,372 )     (272,656 )     (152,901 )     (317,025 )
                                 
Net Realized Gain on Investments     4,368,297       -       -       -  
Net Change in Unrealized Appreciation/(Depreciation)     (3,407,385 )     7,255,747       (11,550 )     (779,230 )
Net Increase (Decrease) in Net Assets Resulting from Operations   $ 924,540     $ 6,983,091     $ (164,451 )   $ (1,096,255 )
                                 
Net Increase (Decrease) in Net Assets from Operations per Common Share:                                
Basic   $ 0.008     $ 0.058     $ (0.001 )   $ (0.009 )
Diluted   $ 0.008     $ 0.058     $ (0.001 )   $ (0.009 )
                                 
Weighted Average Common Shares Outstanding - Basic     120,486,061       120,486,061       120,486,061       120,486,061  
Weighted Average Common Shares Outstanding - Diluted     120,486,061       120,486,061       120,486,061       120,486,061  

 

    Quarter Ended  
    December 31,
2021		     September 30,
2021		     June 30,
2021		     March 31,
2021		  
                         
Total Investment Income   $ 361,663     $ 357,695     $ 78,015     $ 77,163  
Total Operating Expenses     588,863       401,238       383,730       380,491  
Income tax expense     -       -       -       -  
Net Investment Income (Loss)     (227,200 )     (43,543 )     (305,715 )     (303,328 )
                                 
Net Realized Loss on Investments     -       -       -       -  
Net Change in Unrealized Appreciation/(Depreciation)     1,967,671       (1,630,575 )     8,126,090       4,410,052  
Net Increase (Decrease) in Net Assets Resulting from Operations   $ 1,740,471     $ (1,674,118 )   $ 7,820,375     $ 4,106,724  
                                 
Net Increase (Decrease) in Net Assets from Operations per Common Share:                                
Basic   $ 0.014     $ (0.014 )   $ 0.065     $ 0.034  
Diluted   $ 0.014     $ (0.014 )   $ 0.065     $ 0.034  
                                 
Weighted Average Common Shares Outstanding - Basic     120,486,061       120,486,061       120,486,061       120,486,061  
Weighted Average Common Shares Outstanding - Diluted     120,486,061       120,486,061       120,486,061       120,486,061  

 

    Quarter Ended  
    December 31,
2020		     September 30,
2020		     June 30,
2020		     March 31,
2020		  
                         
Total Investment Income   $ 175,467     $ 265,782     $ 229,598     $ 234,096  
Total Operating Expenses     400,173       365,936       420,996       391,217  
Income tax expense (benefit)     (5,191 )     1,750       3,206       2,051  
Net Investment Income (Loss)     (219,515 )     (101,904 )     (194,604 )     (159,172 )
                                 
Net Realized Gain/(Loss) on Investments     (7,416,250 )     -       -       -  
Net Change in Unrealized Depreciation     8,713,799       429,691       (4,287,622 )     (7,565,212 )
Net Increase (Decrease) in Net Assets Resulting from Operations   $ 1,078,034     $ 327,787     $ (4,482,226 )   $ (7,724,384 )
                                 
Net Increase (Decrease) in Net Assets from Operations per Common Share:                                
Basic   $ 0.009     $ 0.003     $ (0.037 )   $ (0.064 )
Diluted   $ 0.009     $ 0.003     $ (0.037 )   $ (0.064 )
                                 
Weighted Average Common Shares Outstanding - Basic     120,486,061       120,486,061       120,486,061       120,486,061  
Weighted Average Common Shares Outstanding - Diluted     120,486,061       120,486,061       120,486,061       120,486,061