FINANCIAL HIGHLIGHTS

12 Months Ended

Dec. 31, 2024

NOTE 12 — FINANCIAL HIGHLIGHTS

The following is a schedule of financial highlights for the years ended December 31, 2024 through 2020:

	Year Ended December 31,
	2024			2023			2022			2021			2020
Per Share Data ⁽¹⁾
Net asset value at beginning of period	$	2.91			2.89			2.80			2.44			2.05
Net investment gain (loss)		0.21			(0.07	)		0.13			0.27			0.11
Net realized and unrealized gain (loss)		0.04			(0.19	)		(0.11	)		0.54			0.41
(Provision for) benefit from income taxes		(0.07	)		0.07			0.00			(0.23	)		(0.05	)
Issuance of common stock		0.00			0.07			0.00			0.00			0.00
Stock-based compensation		0.00			0.23			0.05			0.00			(0.02	)
Repurchase of common stock		0.00			0.00			0.00			0.00			0.05
Other changes in equity		0.00			(0.09	)		0.02			0.00			0.00
Payment of common stock dividend		0.00			0.00			0.00			(0.22	)		(0.11	)
Net asset value at end of period	$	3.09			2.91			2.89			2.80			2.44

Ratio / Supplemental Data
Per share market value of investments at end of period	$	2.11			2.75			2.70			2.95			1.40
Shares outstanding at end of period		6,385,255			6,385,255			6,185,255			4,795,739			4,793,739
Average weighted shares outstanding for the period		6,385,255			6,366,481			5,333,028			4,795,242			4,830,691
Net assets at end of period	$	19,757,989			18,590,263			17,871,560			13,414,049			11,640,887
Average net assets ⁽²⁾	$	19,311,001			18,647,600			15,639,394			13,155,207			10,504,563
Total investment return		6.19	%		(7.27	)%		1.43	%		24.07	%		23.08	%
Portfolio turnover rate (3)		29.34	%		59.65	%		129.57	%		168.67	%		61.11	%
Ratio of operating expenses to average net assets ⁽³⁾		(10.23	)%		(19.94	)%		(21.73	)%		(10.30	)%		(7.16	)%
Ratio of net investment income (loss) to average net assets⁽³⁾		6.86	%		(2.25	)%		5.12	%		9.89	%		5.35	%
Ratio of realized gains (losses) to average net assets ⁽³⁾		(3.94	)%		(3.00	)%		0.85	%		31.30	%		0.05	%

(1)	Per-share data was derived using the weighted-average number of shares outstanding for the period.
(2)	Based on the monthly average of net assets as of the beginning and end of each period presented.
(3)	Ratios are annualized.