v3.26.1
Note 3 - Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Brokerage Commissions Paid [Table Text Block]
  

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Three months ended June 30, 2026

 $84,859  $27,247  $29,024  $50,606  $-  $-  $191,736 

Three months ended June 30, 2025

 $11,477  $1,829  $3,781  $18,055  $-  $-  $35,142 

Six months ended June 30, 2026

 $144,218  $33,455  $44,167  $94,433  $-  $-  $316,273 

Six months ended June 30, 2025

 $21,549  $5,168  $6,929  $31,989  $-  $-  $65,635 
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred Tax Assets:

    

Unrealized loss on investments

 $10,918 

Less valuation allowance

  (10,918)

Deferred tax assets / (liabilities), net

 $- 
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
  

Current

  

Deferred

  

Total

 

Period ended June 30, 2026:

            

US federal

 $(1,787) $8,273  $6,486 

State and local

  (791)  2,645   1,854 

Valuation allowance

  -   (10,918)  (10,918)

Tax Benefit/(Expense)

 $(2,578) $-  $(2,578)
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Total Tax Expense (Benefit)

 

Amount

  

Rate

 

Tax Expense (Benefit) at Statutory Rates

 $(6,320)  21.00%

State Income Tax Expense (Net of Federal Benefit) - Vermont

  (2,020)  6.71 

Change in Valuation Allowance

  10,918   (36.28)

Total Tax Expense (Benefit)

 $2,578   (8.57)%
Schedule of Cash and Cash Equivalents [Table Text Block]
  

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Money Market Funds

 $75,395,425  $22,862,109  $45,046,853  $147,169,535  $28,573  $267,927  $290,770,422 

Demand Deposit Savings Accounts

  11,515,985   6,040,298   2,526,180   11,447,613   -   -   31,530,076 

Commercial Paper

  79,405,515   17,482,476   22,120,201   91,720,471   -   -   210,728,663 

Total cash and cash equivalents as presented on the Statement of Assets and Liabilities

 $166,316,925  $46,384,883  $69,693,234  $250,337,619  $28,573  $267,927  $533,029,161 
                             
  

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Money Market Funds

 $11,379,804  $15,652,455  $9,084,397  $46,066,158  $13,162  $-  $82,195,976 

Demand Deposit Savings Accounts

  11,312,371   5,933,499   2,481,514   11,245,207   -   100   30,972,691 

Commercial Paper

  22,399,306   17,432,415   2,491,556   49,780,895   -   -   92,104,172 

Total cash and cash equivalents as presented on the Statement of Assets and Liabilities

 $45,091,481  $39,018,369  $14,057,467  $107,092,260  $13,162  $100  $205,272,839 
Schedule of Related Party Transactions [Table Text Block]

Three months ended June 30, 2026

 

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Recognized Related Party Transactions

 $299,928  $99,201  $91,425  $442,401  $30,345  $-  $963,300 

Waived Related Party Transactions

 $-  $-  $-  $-  $30,345  $-  $30,345

 

Three months ended June 30, 2025

 

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Recognized Related Party Transactions

 $110,241  $48,376  $31,527  $227,576  $17,119  $434,839 

Waived Related Party Transactions

 $-  $-  $-  $-  $17,119  $17,119 

Six months ended June 30, 2026

 

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Recognized Related Party Transactions

 $420,262  $178,569  $123,532  $725,189  $47,773  $-  $1,495,325 

Waived Related Party Transactions

 $-  $-  $-  $-  $47,773  $-  $47,773 

Six months ended June 30, 2025

 

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Recognized Related Party Transactions

 $270,496  $128,513  $83,569  $485,490  $34,948  $1,003,016 

Waived Related Party Transactions

 $-  $-  $-  $-  $34,948  $34,948 
Schedule of Expenses Paid Waived by Sponsor [Table Text Block]
  

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Three months ended June 30, 2026

 $-  $-  $-  $-  $58,560  $-  $58,560 

Three months ended June 30, 2025

 $-  $-  $-  $-  $59,263  $-  $59,263 

Six months ended June 30, 2026

 $-  $-  $-  $-  $112,830  $-  $112,830 

Six months ended June 30, 2025

 $-  $-  $-  $-  $110,117  $-  $110,117