Quarterly report [Sections 13 or 15(d)]

Statements of Cash Flows (Unaudited)

v3.26.1
Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net decrease in net assets resulting from operations [1] $ (696,281) $ (2,564,748)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net change in unrealized loss on investments 458,421 1,880,650
Purchase of investments (20,000)
Changes in operating assets and liabilities:    
Due from portfolio companies (10,227) (525)
Interest receivable 15,349 18,961
Prepaid expenses 61,744 (66,361)
Accrued management fees 72,365 (8,471)
Accounts payable 131,380 186,473
Due to affiliates 129,750
Taxes payable 228 228
Accrued expenses and other liabilities 26,649 (5,851)
Net cash provided by (used in) operating activities 189,378 (579,644)
Net increase (decrease) in cash, cash equivalents and restricted cash 189,378 (579,644)
Cash, cash equivalents and restricted cash at beginning of period 246,832 1,295,864
Cash, cash equivalents and restricted cash at end of period 436,210 716,220
Supplemental disclosure of cash flow financing activities:    
Income tax paid $ 456
[1] Per share data based on weighted average shares outstanding.