v3.26.1
Note 7 - Federal Income Taxes (Tables)
3 Months Ended
Mar. 31, 2026
Notes Tables  
Federal Income Tax Note [Table Text Block]
  

FEDERAL INCOME
TAX COST:

 

Gross unrealized appreciation

 $— 

Gross unrealized depreciation

  (89,713,945)

Net unrealized depreciation

 $(89,713,945)

Federal income tax cost, Investments

 $89,860,375 
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

 $3,886,290 

Capital loss carryforward

  13,605,036 

Net unrealized losses (gains) on investment securities

  25,095,009 

Total deferred tax assets, net

  42,586,335 

Valuation allowance

  (42,586,335)

Net

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

THREE MONTHS ENDED
MARCH 31, 2026

  

THREE MONTHS ENDED
MARCH 31, 2025

 

Effective tax rate

  0%  0%

Statutory federal income tax rate

  21%  21%
Summary of Operating Loss Carryforwards [Table Text Block]

EXPIRATION DATE

 

AMOUNT

 

12/31/27

  3,129,665 
12/31/28  7,864,982 
12/31/29  11,686,668 
12/31/30  25,942,832 

Total

 $48,624,147