v3.24.1
INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2023
INVESTMENTS  
Schedule of investments by major class, at amortized cost and fair value

 

 

As of December 31, 2023

 

 

 

Investments at Amortized Cost

 

 

Percentage of Amortized Cost

 

 

Investments at

Fair Value

 

 

Percentage of

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term Non-banking Loans

 

$17,357,500

 

 

 

93.4%

 

$16,961,766

 

 

 

98.1%

Preferred Stock

 

 

1,050,000

 

 

 

5.6

 

 

 

265,000

 

 

 

1.5

 

Common Stock

 

 

159,302

 

 

 

0.9

 

 

 

47,910

 

 

 

0.3

 

Warrants

 

 

679

 

 

 

 

 

 

 

 

 

 

Other Equity

 

 

10,000

 

 

 

0.1

 

 

 

10,000

 

 

 

0.1

 

Total

 

$18,577,481

 

 

 

100.0%

 

$17,284,676

 

 

 

100.0%

 

 

As of December 31, 2022

 

 

 

Investments at Amortized Cost

 

 

Percentage of Amortized Cost

 

 

Investments at

Fair Value

 

 

Percentage of

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term Non-banking Loans

 

$15,486,625

 

 

 

89.2%

 

$15,285,932

 

 

 

91.5%

Preferred Stock

 

 

1,050,000

 

 

 

6.1

 

 

 

1,200,000

 

 

 

7.2

 

Warrants

 

 

679

 

 

 

 

 

 

 

 

 

 

Other Equity

 

 

822,500

 

 

 

4.7

 

 

 

222,500

 

 

 

1.3

 

Total

 

$17,359,804

 

 

 

100.0%

 

$16,708,432

 

 

 

100.0%
Schedule of investments by industry grouping, based on fair value

 

 

As of December 31, 2023

 

 

 

Investments at

Fair Value

 

 

Percentage of

Fair Value

 

 

 

 

 

 

Business Services

 

$10,069,354

 

 

 

58.3%

Consumer

 

 

3,219,374

 

 

 

18.6

 

Financial

 

 

10,000

 

 

 

0.1

 

Information Technology

 

 

213,501

 

 

 

1.2

 

Real Estate

 

 

3,772,447

 

 

 

21.8

 

Total

 

$17,284,676

 

 

 

100.0%

 

 

As of December 31, 2022

 

 

 

Investments at

Fair Value

 

 

Percentage of

Fair Value

 

 

 

 

 

 

Business Services

 

$7,231,580

 

 

 

43.3%

Consumer

 

 

4,385,028

 

 

 

26.2

 

Financial

 

 

2,833,451

 

 

 

17.0

 

Information Technology

 

 

513,656

 

 

 

3.1

 

Real Estate

 

 

1,744,717

 

 

 

10.4

 

Total

 

$16,708,432

 

 

 

100.0%