Quarterly report [Sections 13 or 15(d)]

Statements of Assets and Liabilities

v3.26.3
Statements of Assets and Liabilities - USD ($)
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
Total investments at fair value $ 13,114,945 $ 14,261,455
Cash and cash equivalents 263,840 241,832
Restricted cash 5,000 5,000
Due from portfolio companies 44,728 34,397
Interest receivable, net of allowance for bad debt of $0 and $0, respectively 136,775 148,721
Prepaid expenses 8,279 67,194
Total assets 13,573,567 14,758,599
LIABILITIES    
Accrued management fees 240,839 135,373
Accounts payable 137,908 130,390
Due to affiliates [1] 324,375 194,625
Taxes payable 798 456
Accrued expenses and other liabilities 70,435 34,754
Total liabilities 774,355 495,598
Net assets 12,799,212 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 September 30, 2026 and December 31, 2025) 120,486 120,486
Paid-in capital 64,868,884 64,868,884
Accumulated deficit (52,190,158) (50,726,369)
Total net assets $ 12,799,212 $ 14,263,001
Net asset value per share (in Dollars per share) $ 0.106 $ 0.118
Control Investments    
ASSETS    
Total investments at fair value $ 11,915,822 $ 12,188,395
Non-control/non-affiliate investments    
ASSETS    
Total investments at fair value $ 1,199,123 $ 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).