| CHANGES IN STOCKHOLDERS' EQUITY (NET ASSETS) |
Note 7. CHANGES IN STOCKHOLDERS’ EQUITY (NET ASSETS)
The following schedule analyzes the changes in stockholders’ equity (net assets) section of the Consolidated Statements of Financial Position for the three months ended March 31, 2023 and 2022, respectively:
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Common Stock |
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Capital in excess of par value |
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Treasury Stock, at cost |
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Total distributable earnings (losses) |
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Total Stockholders’
Equity (Net Assets) |
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January 1, 2023 |
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$ |
264,892 |
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|
$ |
51,464,267 |
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$ |
(1,566,605 |
) |
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$ |
7,558,766 |
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$ |
57,721,320 |
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Payment of dividend |
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— |
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— |
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— |
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(516,204 |
) |
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(516,204 |
) |
Net increase in net assets from operations |
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— |
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— |
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— |
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2,170,277 |
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2,170,277 |
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March 31, 2023 |
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$ |
264,892 |
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$ |
51,464,267 |
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$ |
(1,566,605 |
) |
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$ |
9,212,839 |
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$ |
59,375,393 |
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Common Stock |
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Capital in excess of par value |
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Treasury Stock, at cost |
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Total distributable earnings (losses) |
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Total Stockholders’
Equity (Net Assets) |
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January 1, 2022 |
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$ |
264,892 |
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$ |
51,679,809 |
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$ |
(1,566,605 |
) |
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$ |
10,367,320 |
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|
$ |
60,745,416 |
|
Payment of dividend |
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— |
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— |
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— |
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(387,153 |
) |
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|
(387,153 |
) |
Net decrease in net assets from operations |
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— |
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— |
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— |
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(410,537 |
) |
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(410,537 |
) |
March 31, 2022 |
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$ |
264,892 |
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|
$ |
51,679,809 |
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$ |
(1,566,605 |
) |
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$ |
9,569,630 |
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$ |
59,947,726 |
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