Quarterly report [Sections 13 or 15(d)]

Statements of Operations (Unaudited)

v3.26.3
Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
INVESTMENT INCOME        
Other income from non-investment sources $ 1 $ 8 $ 7 $ 40
Total investment income 212,956 25,734 632,042 125,213
OPERATING EXPENSES        
Management fees 33,101 44,829 105,466 140,404
Administration fees 89,875 108,859 269,625 322,908
Audit fees 22,050 20,800 114,450 140,400
Professional fees   9,870 14,280 34,465
Legal fees 19,809 17,272 64,625 87,492
Valuation fees 22,500 22,500 67,500 67,500
Directors’ fees 38,625 38,625 120,375 120,375
Insurance expense 19,886 33,198 91,806 98,510
Other general and administrative expenses 46,415 30,282 100,852 97,074
Total operating expenses 292,261 326,235 948,979 1,109,128
Net investment loss before taxes (79,305) (300,501) (316,937) (983,915)
Income tax expense 114 9,302 342 9,986
Net investment loss after taxes (79,419) (309,803) (317,279) (993,901)
Net change in unrealized gain (loss) on:        
Net change in unrealized loss on investments (688,089) (702,832) (1,146,510) (2,583,482)
Net decrease in net assets resulting from operations [1] $ (767,508) $ (1,012,635) $ (1,463,789) $ (3,577,383)
Net investment loss per share        
Basic (in Dollars per share) $ (0.001) $ (0.002) $ (0.003) $ (0.008)
Diluted (in Dollars per share) (0.001) (0.002) (0.003) (0.008)
Net decrease in net assets resulting from operations per share        
Basic (in Dollars per share) [1] (0.006) (0.008) (0.012) (0.03)
Diluted (in Dollars per share) [1] $ (0.006) $ (0.008) $ (0.012) $ (0.03)
Weighted average shares of common stock outstanding        
Basic (in Shares) [1],[2] 120,486,061 120,486,061 120,486,061 120,486,061
Diluted (in Shares) [1] 120,486,061 120,486,061 120,486,061 120,486,061
Non-control/non-affiliate investments        
INVESTMENT INCOME        
Interest income from non-control/non-affiliate investments $ 3,403 $ 2,520 $ 10,098 $ 6,602
Other income from non-control/non-affiliate investments 3,488 1,163 10,465 8,140
Net change in unrealized gain (loss) on:        
Net change in unrealized loss on investments (264,213) 481,278 (873,937) 340,380
Control investments        
INVESTMENT INCOME        
Interest income from control investments 206,064 22,043 611,472 110,431
Net change in unrealized gain (loss) on:        
Net change in unrealized loss on investments $ (423,876) $ (1,184,110) $ (272,573) $ (2,923,862)
[1] Per share data based on weighted average shares outstanding.
[2] Financial highlights are based on weighted average shares outstanding.