v3.23.1
Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Investments, at fair value: Non-control/non-affiliate investments (cost: $17,359,804 and $13,933,057 respectively) $ 16,708,432 $ 14,098,675
Cash 1,089,641 1,936,148
Note receivable, related party 250,000 250,000
Prepaid expenses 49,219 83,674
Interest and dividend receivables 250,879 324,350
Right-of-use operating lease asset 16,398 4,984
Deferred taxes 201,000 0
Total Assets 18,565,569 16,697,831
LIABILITIES    
Accounts payable 136,514 64,028
Dividend payable 0 100
Payable for purchase of investments 0 1,900,000
Operating lease liability 16,562 5,654
Deferred interest income 70,154 0
Accrued income tax 0 1,269,000
Deferred taxes 0 45,000
Total Liabilities 223,230 3,283,782
SHAREHOLDERS EQUITY (NET ASSETS)    
Common stock, par value $0.001 per share (111,111,111 authorized; 6,185,255 and 4,795,739 outstanding) 12,215 10,790
Additional paid-in capital 15,043,291 10,694,163
Accumulated deficit (1,159,665) (1,159,665)
Accumulated undistributed investment loss (615,960) (1,877,667)
Accumulated undistributed net realized gains on investment transactions 5,713,829 5,580,810
Net unrealized appreciation (depreciation) in value of investments (651,371) 165,618
Total Shareholders' Equity (Net Assets) 18,342,339 13,414,049
Total Liabilities and Shareholders' Equity $ 18,565,569 $ 16,697,831
Net Asset Value Per Common Share $ 2.97 $ 2.80