XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Investment income:    
Control investments $ 283,000 $ 0
Total interest income 283,000  
Interest from U.S. Treasury bills 0 6,000
Total investment income 283,000 6,000
Expenses:    
Professional fees 567,000 400,000
Compensation expense 428,000 417,000
Professional liability expenses 150,000 184,000
Director fees and expenses 84,000 80,000
Mailing, printing and other expenses 65,000 22,000
General and Administrative Expenses 33,000 35,000
Taxes 14,000 0
Interest expense 32,000 1,000
Total expenses 1,373,000 1,139,000
Net investment loss (1,090,000) (1,133,000)
Net realized loss (gain):    
U.S. Treasury Bills 45,000 2,000
Net realized gain 45,000 2,000
Net unrealized appreciation of portfolio securities:    
Control investments (1,350) 0
Net change in net unrealized appreciation of portfolio securities (1,350) 0
Net increase (decrease) in net assets resulting from operations $ (2,395,000) $ (1,131,000)
Net increase (decrease) in net assets resulting from operations per    
Basic and diluted $ (0.17) $ (0.08)
Weighted average shares outstanding:    
Basic and diluted 13,586 13,518