| INVESTMENTS |
NOTE 5 — INVESTMENTS The following table shows the composition of our investment portfolio by major class, at amortized cost and fair value, as of December 31, 2024 (together with the corresponding percentage of total portfolio investments): | | As of December 31, 2024 | | | | Investments at Amortized Cost | | | Percentage of Amortized Cost | | | Investments at Fair Value | | | Percentage of Fair Value | | | | | | | | | | | | | | | Short-term Non-banking Loans | | $ | 13,000,000 | | | | 94.8 | % | | $ | 13,006,231 | | | | 96.7 | % | Common Stock | | | 707,089 | | | | 5.1 | | | | 447,330 | | | | 3.3 | | Other Equity | | | 10,000 | | | | 0.1 | | | | — | | | | — | | Total | | $ | 13,717,089 | | | | 100.0 | % | | $ | 13,453,561 | | | | 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, 2023 (together with the corresponding percentage of total portfolio investments): | | 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 | % |
The following table shows the composition of our investment portfolio by industry grouping, based on fair value as of December 31, 2024: | | As of December 31, 2024 | | | | Investments at Fair Value | | | Percentage of Fair Value | | | | | | | | | | Business Services | | $ | 9,985,925 | | | | 74.2 | % | Consumer | | | 508,774 | | | | 3.8 | | Financial | | | 442,864 | | | | 3.3 | | Information Technology | | | — | | | | — | | Real Estate | | | 2,515,998 | | | | 18.7 | | Total | | $ | 13,453,561 | | | | 100.0 | % |
The following table shows the composition of our investment portfolio by industry grouping, based on fair value as of December 31, 2023: | | 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 | % |
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