Net assets decreased from $45,276,270 at December 31, 2024, to $36,737,934 at December 31, 2025. Net asset value per share declined from $5.21 at December 31, 2024, to $4.39 at December 31, 2025. Net investment income shifted from a gain of $607,948 or $0.07 per share in 2024 to a loss of $(231,994) or $(0.03) per share for 2025. Net realized gain (loss) on investments was $(70,279) in 2025, compared to $(494,867) in 2024. Net change in unrealized appreciation (depreciation) on investments was a significant depreciation of $(3,557,965) or $(0.41) per share in 2025, a notable decline from appreciation of $1,883,903 or $0.22 per share in 2024. The total investment portfolio fair value decreased from $44.5 million in 2024 to $37.6 million in 2025. The portfolio consisted of 23 positions in 2025, with 14.2% in first lien senior secured loans, 0.7% in corporate bonds, 32.2% in common stock, 30.0% in preferred stock, and 22.9% in LLC interests. The estimated gross annual portfolio yield (prior to leverage costs) increased to 9.4% in 2025 from 2.45% in 2024. Fixed income investments on non-accrual increased to 9.4% in 2025 from 7.2% in 2024. Cash and cash equivalents decreased substantially from $1,671,503 in 2024 to $352,412 in 2025. Quarterly cash distributions of $0.09 per share were declared, totaling $0.36 per share for 2025, with $3,047,552 classified as a return of capital. The Adviser's cumulative recoupable expense waivers totaled $1,426,759 as of December 31, 2025. A tender offer for up to 1% of outstanding common stock was announced on February 20, 2026, and completed on March 23, 2026, repurchasing 84,095.835 shares.