v3.25.2
SCHEDULE OF AGGREGATE VALUE OF ASSETS AND LIABILITIES (Details) - USD ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Impairment Effects on Earnings Per Share [Line Items]    
Fair Value, Beginning balance $ 191,789,622 $ 168,568,251
Transfers out of Level 3 (10,443,648) (12,896,367)
Purchases, capitalized fees and interest 6,703,118 75,230,580
Exercises and conversions [1] 44,054 [2]
Realized gains/(losses)   (14,448,898)
Net change in unrealized appreciation/(depreciation) included in earnings 53,245,397 (10,957,286)
Fair Value, Ending balance 241,294,489 191,789,622
Net change in unrealized appreciation/ (depreciation) of Level 3 investments still held 53,241,151 (27,210,597)
Sales/Redemptions of investments   (13,750,712)
Preferred Stock [Member] | Fair Value, Inputs, Level 3 [Member]    
Impairment Effects on Earnings Per Share [Line Items]    
Fair Value, Beginning balance [4] 151,003,991 [3] 122,744,564
Transfers out of Level 3 (5,221,824) [3] [4]
Purchases, capitalized fees and interest 224,366 [3] 60,155,557 [4]
Exercises and conversions (16,770,915) [1],[3] 136,114 [2],[4]
Realized gains/(losses) [4]   (7,533,623)
Net change in unrealized appreciation/(depreciation) included in earnings 12,872,436 [3] (24,123,671) [4]
Fair Value, Ending balance [3] 142,108,054 151,003,991 [4]
Net change in unrealized appreciation/ (depreciation) of Level 3 investments still held 12,872,431 [3] (32,741,143) [4]
Sales/Redemptions of investments [4]   (374,950)
Common Stock [Member] | Fair Value, Inputs, Level 3 [Member]    
Impairment Effects on Earnings Per Share [Line Items]    
Fair Value, Beginning balance [5] 35,922,154 [6] 39,086,792
Transfers out of Level 3 (5,221,824) [6] (12,896,367) [5]
Purchases, capitalized fees and interest 5,395,541 [6] 15,061,793 [5]
Exercises and conversions 17,775,155 [1],[6] [2],[5]
Realized gains/(losses) [5]   (222,565)
Net change in unrealized appreciation/(depreciation) included in earnings 34,525,952 [6] 5,268,263 [5]
Fair Value, Ending balance [6] 88,396,978 35,922,154 [5]
Net change in unrealized appreciation/ (depreciation) of Level 3 investments still held 34,525,952 [6] 5,418,630 [5]
Sales/Redemptions of investments [5]   (10,375,762)
Debt Investments [Member]    
Impairment Effects on Earnings Per Share [Line Items]    
Fair Value, Beginning balance 506,339  
Fair Value, Ending balance 506,339 506,339
Debt Investments [Member] | Fair Value, Inputs, Level 3 [Member]    
Impairment Effects on Earnings Per Share [Line Items]    
Fair Value, Beginning balance 506,339 3,098,734
Transfers out of Level 3
Purchases, capitalized fees and interest
Exercises and conversions [1] (1,338,976) [2]
Realized gains/(losses)   384,102
Net change in unrealized appreciation/(depreciation) included in earnings (223,243)
Fair Value, Ending balance 506,339 506,339
Net change in unrealized appreciation/ (depreciation) of Level 3 investments still held
Sales/Redemptions of investments   (1,414,278)
Options [Member]    
Impairment Effects on Earnings Per Share [Line Items]    
Fair Value, Beginning balance [7] 4,357,138  
Fair Value, Ending balance 10,283,118 [8] 4,357,138 [7]
Options [Member] | Fair Value, Inputs, Level 3 [Member]    
Impairment Effects on Earnings Per Share [Line Items]    
Fair Value, Beginning balance [9] 4,357,138 [10] 3,638,161
Transfers out of Level 3 [10] [9]
Purchases, capitalized fees and interest 1,083,211 [10] 13,230 [9]
Exercises and conversions (1,004,240) [1],[10] 1,246,916 [2],[9]
Realized gains/(losses) [9]   (7,076,812)
Net change in unrealized appreciation/(depreciation) included in earnings 5,847,009 [10] 8,121,365 [9]
Fair Value, Ending balance [10] 10,283,118 4,357,138 [9]
Net change in unrealized appreciation/ (depreciation) of Level 3 investments still held $ 5,842,768 [10] 111,916 [9]
Sales/Redemptions of investments [9]   $ (1,585,722)
[1] During the six months ended June 30, 2025, the Company’s portfolio investments had the following corporate actions which are reflected above:
[2] During the year ended December 31, 2024, the Company’s portfolio investments had the following corporate actions which are reflected above:
[3] Preferred Stock also includes the Company’s investment in the Class A Interest of ARK Type One Deep Ventures Fund LLC which is invested in the Convertible Interest Rights of OpenAI Global, LLC, and the Company’s investment in the Membership Interest of IH10, LLC which is invested in the Series B Preferred Shares of VAST Data, Ltd. through an SPV.
[4] Preferred Stock also includes the Company’s investment in the Class A Interest of ARK Type One Deep Ventures Fund LLC which is invested in the Convertible Interest Rights of OpenAI Global, LLC, the Company’s investment in the Class A Interest of CW Opportunity 2 LP which is invested in the Series C Preferred Shares of CoreWeave, Inc., and the Company’s investment in the Membership Interest of IH10, LLC which is invested in the Series B Preferred Shares of VAST Data, Ltd. through an SPV.
[5] Common Stock also includes the Company’s Limited Partner Fund Investment in True Global Ventures 4 Plus Pte Ltd.
[6] Common Stock in Private Portfolio Companies also includes the Company’s Limited Partner Fund Investment in True Global Ventures 4 Plus Pte Ltd. and the Company’s investment in the Class A Interest of CW Opportunity 2 LP which is invested in Class A Common Stock.
[7] Options also includes the Company’s investments in the SAFEs of Commercial Streaming Solutions Inc. (d/b/a BettorView), PayJoy, Inc., and Stake Trade, Inc. (d/b/a Prophet Exchange).
[8] Options in Private Portfolio Companies also includes the Company’s investments in the SAFEs of Orchard Technologies, Inc., PayJoy, Inc., Stake Trade, Inc. (d/b/a Prophet Exchange), and Whoop, Inc.
[9] Options also includes the Company’s investments in the SAFEs of PayJoy, Inc. and Commercial Streaming Solutions Inc. (d/b/a BettorView).
[10] Options in Private Portfolio Companies also includes the Company’s investments in the SAFEs of Orchard Technologies, Inc., PayJoy, Inc., Stake Trade, Inc. (d/b/a Prophet Exchange), and Whoop, Inc.