XML 31 R21.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Stockholders' Equity (Net Assets) | 12 Months Ended
--- | ---
Dec. 31, 2024
Stockholders' Equity Note [Abstract] |
Stockholders' Equity (Net Assets) | NOTE 6. - STOCKHOLDERS’ EQUITY (NET ASSETS) At December 31, 2024 and 2023, there were 500,000 shares of $10.00 par value preferred stock authorized and unissued. On May 7, 2024, the Board of Directors approved a new share repurchase plan, which authorizes the Corporation to repurchase shares of the Corporation’s outstanding common stock with an aggregate cost of up to $1,500,000 at prices per share of common stock no greater than the then current net asset value per share. This new share repurchase authorization lasts for a period of 12 months from the authorization date until May 7, 2025. This new share repurchase plan replaces the share repurchase authorization that was previously approved by the Board of Directors in April 2023. No shares of Rand's common stock were repurchased by the Corporation during the years ended December 31, 2024 or 2023. The Corporation’s Board of Directors declared the following dividends during the year ended December 31, 2024:
Quarter |  | Dividend/Share Amount |  |  | Record Date |  | Payment Date
1st |  | $ | 0.25 |  |  | March 13, 2024 |  | March 29, 2024
2nd |  | $ | 0.29 |  |  | May 31, 2024 |  | June 14, 2024
3rd |  | $ | 0.29 |  |  | August 30, 2024 |  | September 13, 2024
4th |  | $ | 4.20 |  |  | December 16, 2024 |  | January 24, 2025
Summary of changes in equity accounts:
|  | Common Stock |  |  | Capital in excess of par value |  |  | Stock dividends distributable |  |  | Treasury Stock, at cost |  |  | Total distributable earnings (losses) |  |  | Total Stockholders’ Equity (Net Assets) |
January 1, 2023 |  | $ | 264,892 |  |  | $ | 51,464,267 |  |  | $ | — |  |  | $ | (1,566,605 | ) |  | $ | 7,558,766 |  |  | $ | 57,721,320 |
Dividend declaration |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,432,757 | ) |  |  | (3,432,757 | )
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles |  |  | — |  |  |  | 4,336,903 |  |  |  | — |  |  |  | — |  |  |  | (4,336,903 | ) |  |  | — |
Net increase in net assets from operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,526,650 |  |  |  | 6,526,650 |
December 31, 2023 |  | $ | 264,892 |  |  | $ | 55,801,170 |  |  | $ | — |  |  | $ | (1,566,605 | ) |  | $ | 6,315,756 |  |  | $ | 60,815,213 |
January 1, 2024 |  | $ | 264,892 |  |  | $ | 55,801,170 |  |  | $ | — |  |  | $ | (1,566,605 | ) |  | $ | 6,315,756 |  |  | $ | 60,815,213 |
Dividend declaration |  |  | — |  |  |  | — |  |  |  | 8,672,231 |  |  |  | — |  |  |  | (12,982,536 | ) |  |  | (4,310,305 | )
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles |  |  | — |  |  |  | (381,550 | ) |  |  | — |  |  |  | — |  |  |  | 381,550 |  |  |  | — |
Net increase in net assets from operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8,827,612 |  |  |  | 8,827,612 |
December 31, 2024 |  | $ | 264,892 |  |  | $ | 55,419,620 |  |  | $ | 8,672,231 |  |  | $ | (1,566,605 | ) |  | $ | 2,542,382 |  |  | $ | 65,332,520 |

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for equity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478448/946-505-50-6 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-6 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-16 Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration