FINANCIAL HIGHLIGHTS

12 Months Ended

Dec. 31, 2021

FINANCIAL HIGHLIGHTS

FINANCIAL HIGHLIGHTS

NOTE 11 – FINANCIAL HIGHLIGHTS

The following is a schedule of financial highlights for the years ended December 31, 2021 through 2017:

	Year Ended December 31,
	2021			2020		2019		2018		2017
Per Share Data (1)
Net asset value at beginning of period	$	1.08		0.91		1.02		0.87		0.77
Net investment gain (loss)		0.12		0.05		(0.06)		(0.05)		(0.05)
Net realized and unrealized gains (losses)		0.24		0.18		0.00		0.20		0.11
Provision for income taxes		(0.10)		(0.02)		0.00		0.00		0.00
Stock based compensation		0.00		(0.01)		0.00		0.00		0.00
Repurchase of common stock		0.00		0.02		0.00		0.00		0.04
Payment of common stock dividend		(0.10)		(0.05)		(0.05)		0.00		0.00
Net asset value at end of period	$	1.24		1.08		0.91		1.02		0.87
Ratio / Supplemental Data
Per share market value of investments at end of period	$	1.31		0.62		0.16		0.90		0.65
Shares outstanding at end of period		10,790,413		10,785,913		11,067,402		11,067,402		11,067,402
Average weighted shares outstanding for the period		10,789,294		10,869,054		11,067,402		11,067,402		11,863,392
Net assets at end of period	$	13,414,049		11,640,887		10,068,533		11,278,889		9,629,215
Average net assets (2)	$	13,155,207		10,504,563		11,473,535		10,341,702		9,444,440
Total investment return		24.07	%	23.08	%	(5.88)	%	17.24	%	7.79	%
Portfolio turnover rate (3)		168.67	%	61.11	%	7.63	%	26.93	%	35.03	%
Ratio of operating expenses to average net assets (3)		(10.30)	%	(7.16)	%	(7.27)	%	(6.59)	%	(7.30)	%
Ratio of net investment income (loss) to average net assets (3)		9.89	%	5.35	%	(5.86)	%	(5.13)	%	(5.45)	%
Ratio of realized gains (losses) to average net assets (3)		31.30	%	0.05	%	28.35	%	(5.62)	%	5.71	%

(1) Per-share data was derived using the weighted-average number of shares outstanding for the period.

(2) Based on the monthly average of net assets as of the beginning and end of each period presented.

(3) Ratios are annualized.