Quarterly report [Sections 13 or 15(d)]

Statements of Operations (Unaudited)

v3.26.1
Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INVESTMENT INCOME    
Interest income from non-control/non-affiliate investments $ 3,329 $ 1,973
Interest income from control investments 66,584 66,584
Other income 4 17
Total investment income 73,405 72,062
OPERATING EXPENSES    
Management fees 38,160 48,760
Administration fees 89,875 107,024
Audit fees 63,000 98,800
Legal fees 28,676 41,888
Valuation fees 22,500 22,500
Other professional fees 7,875
Directors’ fees 38,625 43,125
Insurance expense 32,476 32,476
Other general and administrative expenses 29,536 25,779
Total operating expenses 350,723 420,352
Net investment loss before tax (277,318) (348,290)
Income tax expense 114 114
Net investment loss after taxes (277,432) (348,404)
Net change in unrealized loss on:    
Net change in unrealized loss on investments (355,047) (1,701,765)
Net decrease in net assets resulting from operations [1] $ (632,479) $ (2,050,169)
Net investment loss per share    
Basic (in Dollars per share) $ (0.002) $ (0.003)
Diluted (in Dollars per share) (0.002) (0.003)
Net decrease in net assets resulting from operations per share    
Basic (in Dollars per share) [1] (0.005) (0.017)
Diluted (in Dollars per share) [1] $ (0.005) $ (0.017)
Weighted average shares of common stock outstanding    
Basic (in Shares) [1],[2] 120,486,061 120,486,061
Diluted (in Shares) [1] 120,486,061 120,486,061
Non-control/non-affiliate investments    
INVESTMENT INCOME    
Other income $ 3,488 $ 3,488
Net change in unrealized loss on:    
Net change in unrealized loss on investments (243,889) (421,875)
Control investments    
Net change in unrealized loss on:    
Net change in unrealized loss on investments $ (111,158) $ (1,279,890)
[1] Per share data based on weighted average shares outstanding.
[2] Financial highlights are based on weighted average shares outstanding.