v3.24.1
Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Investments, at fair value (cost: $18,577,481 and $17,359,804, respectively) $ 17,284,676 $ 16,708,432
Cash 376,024 1,089,641
Note receivable, related party 250,000 250,000
Prepaid expenses 165,301 218,440
Interest and dividend receivables 264,413 250,879
Right-of-use operating lease asset 9,283 16,398
Deferred taxes 757,000 201,000
Total Assets 19,106,697 18,734,790
LIABILITIES    
Accounts payable 71,702 136,514
Accrued payroll liabilities 435,449 640,000
Operating lease liability 9,283 16,562
Deferred interest income 0 70,154
Total Liabilities 516,434 863,230
SHAREHOLDERS EQUITY (NET ASSETS)    
Common stock, par value $0.001 per share (111,111,111 authorized; 6,385,255 and 6,185,255 issued and outstanding) 6,385 6,185
Additional paid-in capital 15,473,121 15,049,321
Additional paid-in capital - stock options 1,460,209 0
Accumulated deficit (1,159,665) (1,159,665)
Accumulated undistributed investment loss (1,052,183) (1,086,739)
Accumulated undistributed net realized gains on investment transactions 5,155,200 5,713,829
Net unrealized depreciation in value of investments (1,292,804) (651,371)
Total Shareholders' Equity (Net Assets) 18,590,263 17,871,560
Total Liabilities and Shareholders' Equity $ 19,106,697 $ 18,734,790
Net Asset Value Per Common Share $ 2.91 $ 2.89