Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (Unaudited) (Tables)

v3.23.1
Selected Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]  
Schedule of 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