INVESTMENTS

3 Months Ended

Mar. 31, 2022

INVESTMENTS

INVESTMENTS

NOTE 3 – INVESTMENTS

The following table shows the composition of our investment portfolio by major class, at amortized cost and fair value, as of March 31, 2022 (together with the corresponding percentage of the fair value of our total portfolio of investments):

	Investments at		Percentage of		Investments at		Percentage of
	Amortized Cost		Amortized Cost		Fair Value		Fair Value
Short-term Non-banking Loans	$	18,080,750	90.6	%	$	18,075,000	90.0	%
Preferred Stock		1,050,000	5.3			1,200,000	5.9
Warrants		679	—			—	—
Other Equity		812,500	4.1			812,500	4.1
Total	$	19,943,929	100.0	%	$	20,087,500	100.0	%

The following table shows the composition of our investment portfolio by major class, at amortized cost and fair value, as of December 31, 2021 (together with the corresponding percentage of the fair value of our total portfolio of investments):

	Investments at		Percentage of		Investments at		Percentage of
	Amortized Cost		Amortized Cost		Fair Value		Fair Value
Short-term Non-banking Loans	$	11,655,750	83.7	%	$	11,650,000	82.6	%
Preferred Stock		1,050,000	7.5			1,200,000	8.5
Common Stock		414,128	3.0			436,175	3.1
Warrants		679	—			—	—
Other Equity		812,500	5.8			812,500	5.8
Total	$	13,933,057	100.0	%	$	14,098,675	100.0	%

The following table shows the composition of our investment portfolio by industry grouping, based on fair value as of March 31, 2022:

	As of March 31, 2022
	Investments at		Percentage of
	Fair Value		Fair Value
Consumer	$	4,862,500	24.2	%
Financial		4,025,000	20.0
Information Technology		300,000	1.5
Real Estate		10,900,000	54.3
Total	$	20,087,500	100.0	%

The following table shows the composition of our investment portfolio by industry grouping, based on fair value as of December 31, 2021:

	As of December 31, 2021
	Investments at		Percentage of
	Fair Value		Fair Value
Consumer	$	2,362,500	16.8	%
Financial		3,836,175	27.2
Information Technology		300,000	2.1
Real Estate		7,600,000	53.9
Total	$	14,098,675	100.0	%