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, 2023
Mar. 31, 2022
Investment income:    
Total interest from portfolio companies $ 1,296,903 $ 912,139
Total interest from other investments 132  
Total dividend and other investment income 474,743 172,990
Total fee income 79,720 39,619
Total investment income 1,851,498 1,124,748
Operating Expenses [Abstract]    
Base management fee (see Note 8) 245,393 240,275
Capital gains incentive fees (see Note 8) 291,000 (239,760)
Interest expense 158,400  
Professional fees 170,975 231,083
Stockholders and office operating 64,304 56,698
Directors' fees 63,850 45,100
Administrative fees 37,250  
Insurance 12,960 8,910
Corporate development 3,713 3,027
Other operating 0 45
Total expenses 1,047,845 345,378
Net investment income before income taxes: 803,653 779,370
Income tax expense 88,737 7,367
Net investment income 714,916 772,003
Net Realized Gain (Loss) On Sales And Dispositions Of Investments [Abstract]    
Net realized gain (loss) on sales and dispositions of investments 53,388 (851,471)
Net change in unrealized appreciation/ depreciation on investments:    
Change in unrealized appreciation/ depreciation before income taxes 1,401,973 (331,069)
Deferred income tax expense (5,535) (10,316)
Net change in unrealized appreciation/depreciation on investments 1,401,973 (331,069)
Net realized and unrealized gain (loss) on investments 1,455,361 (1,182,540)
Net increase (decrease) in net assets from operations $ 2,170,277 $ (410,537)
Weighted average shares outstanding, Basic 2,581,021 2,581,021
Weighted average shares outstanding, Diluted 2,581,021 2,581,021
Increase (decrease) in net assets from operations per share, Basic $ 0.84 $ (0.16)
Increase (decrease) in net assets from operations per share, Diluted $ 0.84 $ (0.16)
Control investments    
Investment income:    
Total interest from portfolio companies $ 150,916  
Total fee income 3,900  
Affiliate investments    
Investment income:    
Total interest from portfolio companies 787,821 $ 570,116
Total dividend and other investment income 347,148 43,725
Total fee income 67,842 30,305
Net Realized Gain (Loss) On Sales And Dispositions Of Investments [Abstract]    
Net realized gain (loss) on sales and dispositions of investments 58,329  
Non-Control/Non-Affiliate investments    
Investment income:    
Total interest from portfolio companies 358,166 342,023
Total interest from other investments 132  
Total dividend and other investment income 127,595 129,265
Total fee income 7,978 9,314
Net Realized Gain (Loss) On Sales And Dispositions Of Investments [Abstract]    
Net realized gain (loss) on sales and dispositions of investments (4,941) (851,471)
Net change in unrealized appreciation/ depreciation on investments:    
Change in unrealized appreciation/ depreciation before income taxes $ 1,401,973 $ (331,069)