| INVESTMENTS |
NOTE 6— INVESTMENTS The following table shows the composition of our investment portfolio by major class, at amortized cost and fair value, as of December 31, 2021 (together with the corresponding percentage of total portfolio investments): | | | | | | | | | | | | | | As of December 31, 2021 | | | | Investments at | | Percentage of | | Investments at | | Percentage of | | | | Amortized Cost | | Amortized Cost | | Fair Value | | Fair Value | | Short-term Non-banking Loans | | $ | 11,655,750 | | 83.7 | % | $ | 11,650,000 | | 82.6 | % | Preferred Stock | | | 1,050,000 | | 7.5 | | | 1,200,000 | | 8.5 | | Common Stock | | | 414,128 | | 3.0 | | | 436,175 | | 3.1 | | Warrants | | | 679 | | — | | | — | | — | | Other Equity | | | 812,500 | | 5.8 | | | 812,500 | | 5.8 | | Total | | $ | 13,933,057 | | 100.0 | % | $ | 14,098,675 | | 100.0 | % |
The following table shows the composition of our investment portfolio by major class, at amortized cost and fair value, as of December 31, 2020 (together with the corresponding percentage of total portfolio investments): | | | | | | | | | | | | | | As of December 31, 2020 | | | | Investments at | | Percentage of | | Investments at | | Percentage of | | | | Amortized Cost | | Amortized Cost | | Fair Value | | Fair Value | | Short-term Non-banking Loans | | $ | 2,789,000 | | 56.2 | % | $ | 2,789,000 | | 41.8 | % | Preferred Stock | | | 150,000 | | 3.0 | | | 300,000 | | 4.5 | | Common Stock | | | 1,750,000 | | 35.2 | | | 3,300,000 | | 49.5 | | Warrants | | | 679 | | — | | | — | | — | | Other Equity | | | 278,897 | | 5.6 | | | 278,897 | | 4.2 | | Total | | $ | 4,968,576 | | 100.0 | % | $ | 6,667,897 | | 100.0 | % |
The following table shows the composition of our investment portfolio by industry grouping, based on fair value as of December 31, 2021: | | | | | | | | | As of December 31, 2021 | | | | Investments at | | Percentage of | | | | Fair Value | | Fair Value | | Consumer | | $ | 2,362,500 | | 16.8 | % | Financial | | | 3,836,175 | | 27.2 | | Information Technology | | | 300,000 | | 2.1 | | Real Estate | | | 7,600,000 | | 53.9 | | Total | | $ | 14,098,675 | | 100.0 | % |
The following table shows the composition of our investment portfolio by industry grouping, based on fair value as of December 31, 2020: | | | | | | | | | As of December 31, 2020 | | | | Investments at | | Percentage of | | | | Fair Value | | Fair Value | | Consumer | | $ | 3,700,000 | | 55.5 | % | Financial | | | 900,000 | | 13.5 | | Information Technology | | | 300,000 | | 4.5 | | Leisure & Hospitality | | | 278,897 | | 4.2 | | Real Estate | | | 1,489,000 | | 22.3 | | Total | | $ | 6,667,897 | | 100.0 | % |
|