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Stockholders' Equity (Net Assets) (Tables) | 12 Months Ended
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Dec. 31, 2024
Stockholders' Equity Note [Abstract] |
Schedule of Dividends Payable | The 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
On December 5, 2024, Rand's Board of Directors declared a dividend of $4.20 per share. The dividend was paid in the aggregate combination of 20% in cash and 80% in newly issued shares of common stock on January 24, 2025 to shareholders of record as of December 16, 2024. The Board of Directors declared the following dividends during the year ended December 31, 2023:
Quarter |  | Dividend/Share Amount |  |  | Record Date |  | Payment Date
1st |  | $ | 0.20 |  |  | March 13, 2023 |  | March 27, 2023
2nd |  | $ | 0.25 |  |  | May 31, 2023 |  | June 14, 2023
3rd |  | $ | 0.25 |  |  | August 31, 2023 |  | September 14, 2023
4th |  | $ | 0.25 |  |  | December 18, 2023 |  | December 29, 2023
4th |  | $ | 0.38 |  |  | December 18, 2023 |  | December 29, 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
Schedule of Changes in Equity Accounts | 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 |

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2 + Details
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