Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Total Investments at Fair Value $ 70,818,041 $ 77,125,712
Cash 834,805 3,295,321
Interest receivable 357,530 244,600
Prepaid income taxes 329,365 127,869
Deferred tax asset, net 2,161 39,179
Other assets 115,531 189,301
Total assets 72,457,433 81,021,982
Liabilities:    
Due to investment adviser $ 2,182,846 $ 979,297
Other Liability, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Accounts payable and accrued expenses $ 92,568 $ 145,516
Line of credit (see Note 5) 600,000 16,250,000
Capital gains incentive fees 1,565,000 2,279,700
Deferred revenue 516,441 552,256
Dividend payable 2,168,058  
Total liabilities 7,124,913 20,206,769
Commitments and contingencies (See Note 7)
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 12/31/24 and 12/31/23 264,892 264,892
Capital in excess of par value 55,419,620 55,801,170
Stock dividends distributable: 388,793 shares at 12/31/24 8,672,231  
Treasury stock, at cost: 67,895 shares at 12/31/24 and 12/31/23 (1,566,605) (1,566,605)
Total distributable earnings 2,542,382 6,315,756
Total stockholders' equity (net assets) (per share - 2024: $25.31, 2023: $23.56) 65,332,520 60,815,213
Total liabilities and stockholders' equity (net assets) 72,457,433 81,021,982
Control Investments    
ASSETS    
Total Investments at Fair Value 2,500,000 4,148,960
Affiliate Investments    
ASSETS    
Total Investments at Fair Value 51,668,144 53,499,372
Non-Control/Non-Affiliate Investments    
ASSETS    
Total Investments at Fair Value $ 16,649,897 $ 19,477,380