v3.26.1
STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Investment income:      
Control investments $ 1,278 $ 1,245 $ 225
Non-affiliate investments 94 0 0
Total investment income 1,372 1,245 225
Interest income 1 29 24
Total investment income 1,373 1,274 249
Expenses:      
Compensation expense 2,148 1,761 1,937
Professional fees 1,118 1,439 1,110
Transaction costs 307 0 0
Professional liability expenses 80 582 661
Director fees and expenses 334 317 334
General and administrative expenses 191 189 133
Mailing, printing and other expenses 176 127 71
Taxes 24 36 13
Interest expense 683 138 25
Total expenses 5,061 4,589 4,284
Net investment loss (3,688) (3,315) (4,035)
Net realized loss (gain):      
Control investments (4,111) 0 0
Non-affiliate investments (2,381) 0 0
Other (155) 0 0
U.S. Treasury Bills 0 138 34
Net realized (loss) gain (6,647) 138 34
Net unrealized appreciation (depreciation) of portfolio securities:      
Control investments (8,889) (15,600) 16,950
Non-affiliate investments 5,357 0 0
Net change in net unrealized appreciation (depreciation) of portfolio securities (3,532) (15,600) 16,950
Net change in net unrealized depreciation on warrant liability (297) 0 0
Net decrease in net assets resulting from operations $ (14,164) $ (18,777) $ 12,949
Net decrease in net assets resulting from operations per share:      
Basic $ (1.03) $ (1.38) $ 0.96
Diluted $ (1.03) $ (1.38) $ 0.96
Weighted average shares outstanding:      
Basic 13,706 13,586 13,526
Diluted 13,706 13,586 13,526