Note 7 - Federal Income Taxes (Tables)

9 Months Ended

Sep. 30, 2025

Notes Tables

Federal Income Tax Note [Table Text Block]

The following information is based upon the U.S. federal income tax cost of portfolio investments as of September 30, 2025.
	FEDERAL INCOME TAX COST:
Gross unrealized appreciation	$	—
Gross unrealized depreciation	$	(91,610,334	)
Net unrealized depreciation	$	(91,610,334	)
Federal income tax cost, Investments	$	91,867,268

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

Deferred tax (expense)/benefit
Federal	$	—
State		—
Total deferred tax (expense)/benefit	$	—

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	AMOUNT
Deferred tax assets:
Net operating loss carryforward	$	3,243,806
Capital loss carryforward		8,449,388
Net unrealized losses (gains) on investment securities		32,351,042
Total deferred tax assets, net		44,044,236
Valuation allowance		(44,044,236	)
Net	$	—

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	THREE MONTHS ENDED SEPTEMBER 30, 2025		THREE MONTHS ENDED SEPTEMBER 30, 2024
Effective tax rate		0%		0%
Statutory federal income tax rate		21%		21%

Summary of Operating Loss Carryforwards [Table Text Block]

EXPIRATION DATE	AMOUNT
12/31/25		7,516,642
12/31/27		3,129,665
12/31/28		7,864,982
12/31/29		11,593,301
Total	$	30,197,957