v3.25.0.1
Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Investments, at fair value (cost: $13,717,089 and $18,577,481, respectively) $ 13,453,561 $ 17,284,676
Cash 6,026,110 376,024
Note receivable, related party 0 250,000
Prepaid expenses 31,848 165,301
Interest and dividend receivables 191,917 264,413
Right-of-use operating lease asset 0 9,283
Deferred taxes 770,000 757,000
Total Assets 20,473,436 19,106,697
LIABILITIES    
Accounts payable 41,105 71,702
Accrued payroll liabilities 527,142 435,449
Operating lease liability 0 9,283
Deferred interest income 147,200 0
Total Liabilities 715,447 516,434
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 6,385
Additional paid-in capital 15,473,121 15,473,121
Additional paid-in capital - stock options 1,460,209 1,460,209
Accumulated deficit (1,159,665) (1,159,665)
Accumulated undistributed investment loss (152,389) (1,052,183)
Accumulated undistributed net realized gains on investment transactions 4,393,855 5,155,200
Net unrealized depreciation in value of investments (263,527) (1,292,804)
Total Shareholders' Equity (Net Assets) 19,757,989 18,590,263
Total Liabilities and Shareholders' Equity $ 20,473,436 $ 19,106,697
Net Asset Value Per Common Share $ 3.09 $ 2.91