Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited)

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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Total Investments at Fair Value $ 82,774,125 $ 77,125,712
Cash 759,183 3,295,321
Interest receivable 347,755 244,600
Prepaid income taxes 154,404 127,869
Deferred tax asset, net 65,815 39,179
Other assets 253,848 189,301
Total assets 84,355,130 81,021,982
Liabilities:    
Due to investment adviser $ 302,480 $ 979,297
Other Liability, Related Party, Type [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Accounts payable and accrued expenses $ 272,086 $ 145,516
Line of credit (see Note 6) 19,200,000 16,250,000
Capital gains incentive fees 2,392,000 2,279,700
Deferred revenue 619,225 552,256
Total liabilities 22,785,791 20,206,769
Commitments and contingencies (see Note 5)
Stockholders' equity (net assets):    
Common stock, $0.10 par; shares authorized 100,000,000; shares issued: 2,648,916; shares outstanding: 2,581,021 at 3/31/24 and 12/31/23 264,892 264,892
Capital in excess of par value 55,801,170 55,801,170
Treasury stock, at cost: 67,895 shares at 3/31/24 and 12/31/23 (1,566,605) (1,566,605)
Total distributable earnings 7,069,882 6,315,756
Total stockholders' equity (net assets) (per share - 3/31/24: $23.85; 12/31/23: $23.56) 61,569,339 60,815,213
Total liabilities and stockholders' equity (net assets) 84,355,130 81,021,982
Control Investments    
ASSETS    
Total Investments at Fair Value 4,537,435 4,148,960
Affiliate Investments    
ASSETS    
Total Investments at Fair Value 54,638,600 53,499,372
Non-Control/Non-Affiliate Investments    
ASSETS    
Total Investments at Fair Value $ 23,598,090 $ 19,477,380