v3.26.1
BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Investments in portfolio securities at fair value:    
Control investments (cost at $10,500 and $18,611, respectively) $ 10,500 $ 27,500
Non-affiliate investments (cost at $1,418 and $0, respectively) 6,776 0
Total investments in portfolio securities at fair value 17,276 27,500
Cash and cash equivalents 133 262
Accounts receivable from affiliates 1,145 678
Accrued interest 2,748 1,470
Other assets 36 26
Total assets 21,338 29,936
Liabilities and net assets    
Accounts payable and other 414 332
Accrued compensation 3 1
Accounts payable to related parties 1,371 93
Notes payable 2,123 0
Warrant liability, at fair value 857 0
Total liabilities 4,768 426
Net assets    
Common stock, par value 14 14
Capital in excess of par value 76,009 74,785
Accumulated deficit 59,453 45,289
Total net assets 16,570 29,510
Shares of common stock issued and outstanding, $.001 par value, 100,000,000 and 50,000,000 shares authorized, respectively $ 13,967 $ 13,586
Net asset value per share $ 1.19 $ 2.17