v3.22.2
CONDENSED BALANCE SHEETS - USD ($)
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Investments, at fair value: $ 20,087,500 $ 14,098,675
Cash 71,020 1,936,148
Note receivable 250,000 250,000
Prepaid expenses 29,658 83,674
Interest and dividend receivables 562,993 324,350
Right-of-use lease asset   4,984
Total Assets 21,001,171 16,697,831
LIABILITIES    
Line of credit 5,325,000  
Accounts payable 104,911 64,028
Dividend payable 100 100
Payable for purchase of investments   1,900,000
Lease liability   5,654
Deferred interest income 272,000  
Accrued income tax 1,434,000 1,269,000
Deferred taxes 39,000 45,000
Total Liabilities 7,175,011 3,283,782
SHAREHOLDERS EQUITY (NET ASSETS)    
Common stock, par value $0.001 per share (250,000,000 authorized; 10,790,413 and 10,786,913 outstanding) 10,790 10,790
Additional paid-in capital 10,694,163 10,694,163
Accumulated deficit (1,159,665) (1,159,665)
Accumulated undistributed investment loss (1,582,279) (1,877,667)
Accumulated undistributed net realized gains on investment transactions 5,719,580 5,580,810
Net unrealized appreciation in value of investments 143,571 165,618
Total Shareholders' Equity (net assets) 13,826,160 13,414,049
Total Liabilities and Shareholders' Equity $ 21,001,171 $ 16,697,831
Net Asset Value Per Common Share $ 1.28 $ 1.24