Quarterly report [Sections 13 or 15(d)]

Statements of Assets and Liabilities

v3.26.1
Statements of Assets and Liabilities - USD ($)
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Total investments at fair value $ 13,906,408 $ 14,261,455
Cash and cash equivalents 212,531 241,832
Restricted cash 5,000 5,000
Due from portfolio companies 34,397 34,397
Interest receivable, net of allowance for bad debt of $0 and $0, respectively 196,591 148,721
Prepaid expenses 34,716 67,194
Total assets 14,389,643 14,758,599
LIABILITIES    
Accrued management fees 173,533 135,373
Accounts payable 276,428 130,390
Due to affiliates [1] 259,500 194,625
Taxes payable 570 456
Accrued expenses and other liabilities 49,090 34,754
Total liabilities 759,121 495,598
Net assets 13,630,522 14,263,001
NET ASSETS    
Common Stock, par value $0.001 per share (250,000,000 shares authorized; 120,486,061 shares issued and outstanding at March 31, 2026 and December 31, 2025) 120,486 120,486
Paid-in capital 64,868,884 64,868,884
Accumulated deficit (51,358,848) (50,726,369)
Total net assets $ 13,630,522 $ 14,263,001
Net asset value per share (in Dollars per share) $ 0.113 $ 0.118
Control Investments    
ASSETS    
Total investments at fair value $ 12,077,237 $ 12,188,395
Non-control/non-affiliate investments    
ASSETS    
Total investments at fair value $ 1,829,171 $ 2,073,060
[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 (Note 6).