v3.26.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Investment income:        
Total interest from portfolio companies $ 1,224,323 $ 1,425,134 $ 3,580,809 $ 4,616,862
Total interest from other investments 45 73,488 13,873 120,427
Total dividend and other investment income 28,241 0 180,754 13,125
Total fee income 59,159 81,001 170,600 439,410
Total investment income 1,311,768 1,579,623 3,946,036 5,189,824
Operating Expenses [Abstract]        
Base management fee (see Note 8) 214,969 184,382 609,817 654,239
Income based incentive fees (see Note 8) (2,300) 66,505 (2,300) 186,178
Capital gains incentive fees (see Note 8) 0 0 0 (1,565,000)
Interest expense 113,164 25,416 215,250 87,319
Professional fees 240,538 133,415 588,354 484,277
Stockholders and office operating 61,488 59,398 227,316 253,510
Directors' fees 76,375 66,550 226,125 196,950
Administrative fees 52,500 50,250 155,700 149,250
Insurance 10,612 8,250 31,198 31,386
Corporate development 2,050 2,037 7,243 6,538
Bad debt expense 0 0 0 38,462
Investment Income, Investment Expense, Total 769,396 596,203 2,058,703 523,109
Net investment income before income taxes: 542,372 983,420 1,887,333 4,666,715
Income tax benefit (126,569) (9,159) (36,296) (22,213)
Net investment income 668,941 992,579 1,923,629 4,688,928
Net realized (loss) gain on sales and dispositions of investments:        
Net realized (loss) gain on sales and dispositions of investments (2,020,884) (2,927,329) 13,635 (2,001,997)
Net change in unrealized appreciation/ depreciation on investments:        
Change in unrealized appreciation/depreciation before income taxes 2,422,824 (291,703) 45,157 (11,902,301)
Deferred income tax expense (benefit) 126,483 4,741 39,214 (89,469)
Net change in unrealized appreciation/depreciation on investments 2,296,341 (296,444) 5,943 (11,812,832)
Net realized and unrealized gain (loss) on investments 275,457 (3,223,773) 19,578 (13,814,829)
Net increase (decrease) in net assets from operations $ 944,398 $ (2,231,194) $ 1,943,207 $ (9,125,901)
Weighted average shares outstanding, Basic 2,969,814 2,969,814 2,969,814 2,936,938
Weighted average shares outstanding, Diluted 2,969,814 2,969,814 2,969,814 2,936,938
Net increase (decrease) in net assets from operations per share, Basic $ 0.32 $ (0.75) $ 0.65 $ (3.11)
Net increase (decrease) in net assets from operations per share, Diluted $ 0.32 $ (0.75) $ 0.65 $ (3.11)
Control investments        
Investment income:        
Total interest from portfolio companies $ 0 $ 13,417 $ 16,517 $ 26,396
Total fee income 0 4,515 9,032 13,547
Net change in unrealized appreciation/ depreciation on investments:        
Change in unrealized appreciation/depreciation before income taxes (400,000) 0 (400,000) (875,000)
Affiliate investments        
Investment income:        
Total interest from portfolio companies 836,258 1,177,248 2,618,122 3,724,896
Total dividend and other investment income 28,241 0 180,754 13,125
Total fee income 55,784 72,714 144,656 247,360
Net realized (loss) gain on sales and dispositions of investments:        
Net realized (loss) gain on sales and dispositions of investments (2,020,884) (2,850,015) 13,635 (1,924,658)
Net change in unrealized appreciation/ depreciation on investments:        
Change in unrealized appreciation/depreciation before income taxes 2,520,884 (481,647) (1,406,783) (11,027,301)
Non-Control/Non-Affiliate investments        
Investment income:        
Total interest from portfolio companies 388,065 234,469 946,170 865,570
Total interest from other investments 45 73,488 13,873 120,427
Total fee income 3,375 3,772 16,912 178,503
Net realized (loss) gain on sales and dispositions of investments:        
Net realized (loss) gain on sales and dispositions of investments 0 (77,314) 0 (77,339)
Net change in unrealized appreciation/ depreciation on investments:        
Change in unrealized appreciation/depreciation before income taxes $ 301,940 $ 189,944 $ 1,851,940 $ 0