Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Investment income:    
Total interest from portfolio companies $ 1,813,648 $ 1,296,903
Total interest from other investments 1,914 132
Total dividend and other investment income 151,835 474,743
Total fee income 99,822 79,720
Total investment income 2,067,219 1,851,498
Operating Expenses [Abstract]    
Base management fee (see Note 8) 302,595 245,393
Capital gains incentive fees (see Note 8) 112,300 291,000
Interest expense 390,020 158,400
Professional fees 232,307 170,975
Stockholders and office operating 69,028 64,304
Directors' fees 63,850 63,850
Administrative fees 38,167 37,250
Insurance 13,044 12,960
Corporate development 5,545 3,713
Total expenses 1,226,856 1,047,845
Net investment income before income taxes: 840,363 803,653
Income taxes, including excise tax expense 778 88,737
Net investment income 839,585 714,916
Net realized gain on sales and dispositions of investments:    
Net realized gain on sales and dispositions of investments 3,450,092 53,388
Net change in unrealized appreciation/ depreciation on investments:    
Net change in unrealized appreciation/depreciation on investments (2,890,296) 1,401,973
Net realized and unrealized gain on investments 559,796 1,455,361
Net increase in net assets from operations $ 1,399,381 $ 2,170,277
Weighted average shares outstanding, Basic 2,581,021 2,581,021
Weighted average shares outstanding, Diluted 2,581,021 2,581,021
Net increase in net assets from operations per share, Basic $ 0.54 $ 0.84
Net increase in net assets from operations per share, Diluted $ 0.54 $ 0.84
Control investments    
Investment income:    
Total interest from portfolio companies $ 187,483 $ 150,916
Total fee income 4,516 3,900
Affiliate investments    
Investment income:    
Total interest from portfolio companies 1,166,085 787,821
Total dividend and other investment income 13,125 347,148
Total fee income 73,720 67,842
Net realized gain on sales and dispositions of investments:    
Net realized gain on sales and dispositions of investments   58,329
Net change in unrealized appreciation/ depreciation on investments:    
Net change in unrealized appreciation/depreciation on investments (100,000)  
Non-Control/Non-Affiliate investments    
Investment income:    
Total interest from portfolio companies 460,080 358,166
Total interest from other investments 1,914 132
Total dividend and other investment income 138,710 127,595
Total fee income 21,586 7,978
Net realized gain on sales and dispositions of investments:    
Net realized gain on sales and dispositions of investments 3,450,092 (4,941)
Net change in unrealized appreciation/ depreciation on investments:    
Net change in unrealized appreciation/depreciation on investments $ (2,790,296) $ 1,401,973