10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000950170-23-019153 |
| Period End Date | 20230331 |
| Filing Date | 20230509 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | rand-20230331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Investment at Cost |
InvestmentOwnedAtCost
|
$61.00M | USD | Point-in-time |
| Investment at Cost |
InvestmentOwnedAtCost
|
$55.72M | USD | Point-in-time |
| Total Investments at Fair Value |
InvestmentOwnedAtFairValue
|
$61.50M | USD | Point-in-time |
| Total Investments at Fair Value |
InvestmentOwnedAtFairValue
|
$68.19M | USD | Point-in-time |
| Common shares, par value |
CommonStockParOrStatedValuePerShare
|
$0.10 | USD | Point-in-time |
| Common shares, par value |
CommonStockParOrStatedValuePerShare
|
$0.10 | USD | Point-in-time |
| Common shares, authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Common shares, authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Cash |
Cash
|
$1.37M | USD | Point-in-time |
| Cash |
Cash
|
$1.84M | USD | Point-in-time |
| Interest receivable |
InterestReceivable
|
$209.49K | USD | Point-in-time |
| Common shares, issued |
CommonStockSharesIssued
|
2.65M | shares | Point-in-time |
| Common shares, issued |
CommonStockSharesIssued
|
2.65M | shares | Point-in-time |
| Interest receivable |
InterestReceivable
|
$208.34K | USD | Point-in-time |
| Prepaid income taxes |
PrepaidIncomeTaxes
|
$43.94K | USD | Point-in-time |
| Common shares, outstanding |
CommonStockSharesOutstanding
|
2.58M | shares | Point-in-time |
| Prepaid income taxes |
PrepaidIncomeTaxes
|
$76.40K | USD | Point-in-time |
| Common shares, outstanding |
CommonStockSharesOutstanding
|
2.58M | shares | Point-in-time |
| Deferred tax asset |
DeferredIncomeTaxAssetsNet
|
$28.16K | USD | Point-in-time |
| Deferred tax asset |
DeferredIncomeTaxAssetsNet
|
$33.70K | USD | Point-in-time |
| Treasury stock, shares |
TreasuryStockShares
|
67,895.00 | shares | Point-in-time |
| Treasury stock, shares |
TreasuryStockShares
|
67,895.00 | shares | Point-in-time |
| Net assets (per share) |
NetAssetValuePerShare
|
$23.00 | USD | Point-in-time |
| Net assets (per share) |
NetAssetValuePerShare
|
$23.23 | USD | Point-in-time |
| Other assets |
OtherAssets
|
$286.71K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$295.04K | USD | Point-in-time |
| Net assets (per share) |
NetAssetValuePerShare
|
$22.36 | USD | Point-in-time |
| Net assets (per share) |
NetAssetValuePerShare
|
$23.54 | USD | Point-in-time |
| Total assets |
Assets
|
$63.48M | USD | Point-in-time |
| Total assets |
Assets
|
$70.61M | USD | Point-in-time |
| Due to investment adviser |
DueToInvestmentAdviser
|
$562.22K | USD | Point-in-time |
| Due to investment adviser |
DueToInvestmentAdviser
|
$245.77K | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$97.66K | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$66.68K | USD | Point-in-time |
| Line of credit (see Note 6) |
LineOfCredit
|
$7.95M | USD | Point-in-time |
| Line of credit (see Note 6) |
LineOfCredit
|
$2.55M | USD | Point-in-time |
| Capital gains incentive fees |
CapitalGainsIncentiveFees
|
$2.46M | USD | Point-in-time |
| Capital gains incentive fees |
CapitalGainsIncentiveFees
|
$2.17M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenue
|
$413.97K | USD | Point-in-time |
| Deferred revenue |
DeferredRevenue
|
$478.45K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$5.76M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$11.23M | USD | Point-in-time |
| Commitments and contingencies (See Note 5) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (See Note 5) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, $0.10 par; shares authorized 100,000,000; shares issued: 2,648,916; shares outstanding: 2,581,021 at 3/31/23 and 12/31/22 |
CommonStockValue
|
$264.89K | USD | Point-in-time |
| Common stock, $0.10 par; shares authorized 100,000,000; shares issued: 2,648,916; shares outstanding: 2,581,021 at 3/31/23 and 12/31/22 |
CommonStockValue
|
$264.89K | USD | Point-in-time |
| Capital in excess of par value |
AdditionalPaidInCapitalCommonStock
|
$51.46M | USD | Point-in-time |
| Capital in excess of par value |
AdditionalPaidInCapitalCommonStock
|
$51.46M | USD | Point-in-time |
| Treasury stock, at cost: 67,895 shares at 3/31/23 and 12/31/22 |
TreasuryStockValue
|
$1.57M | USD | Point-in-time |
| Treasury stock, at cost: 67,895 shares at 3/31/23 and 12/31/22 |
TreasuryStockValue
|
$1.57M | USD | Point-in-time |
| Total distributable earnings |
RetainedEarningsAccumulatedDeficit
|
$9.21M | USD | Point-in-time |
| Total distributable earnings |
RetainedEarningsAccumulatedDeficit
|
$7.56M | USD | Point-in-time |
| Total stockholders' equity (net assets) (per share - 3/31/23: $23.00; 12/31/22: $22.36) |
StockholdersEquity
|
$57.72M | USD | Point-in-time |
| Total stockholders' equity (net assets) (per share - 3/31/23: $23.00; 12/31/22: $22.36) |
StockholdersEquity
|
$60.75M | USD | Point-in-time |
| Total stockholders' equity (net assets) (per share - 3/31/23: $23.00; 12/31/22: $22.36) |
StockholdersEquity
|
$59.38M | USD | Point-in-time |
| Total stockholders' equity (net assets) (per share - 3/31/23: $23.00; 12/31/22: $22.36) |
StockholdersEquity
|
$59.95M | USD | Point-in-time |
| Total liabilities and stockholders' equity (net assets) |
LiabilitiesAndStockholdersEquity
|
$63.48M | USD | Point-in-time |
| Total liabilities and stockholders' equity (net assets) |
LiabilitiesAndStockholdersEquity
|
$70.61M | USD | Point-in-time |
Income Statement
55 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total interest from portfolio companies |
InterestFromPortfolioCompanies
|
$1.30M | USD | 1 Quarter |
| Total interest from portfolio companies |
InterestFromPortfolioCompanies
|
$912.14K | USD | 1 Quarter |
| Total interest from other investments |
InvestmentIncomeInterest
|
$132.00 | USD | 1 Quarter |
| Total dividend and other investment income |
DividendAndOtherInvestmentIncome
|
$474.74K | USD | 1 Quarter |
| Total dividend and other investment income |
DividendAndOtherInvestmentIncome
|
$172.99K | USD | 1 Quarter |
| Total fee income |
FeeIncome
|
$79.72K | USD | 1 Quarter |
| Total fee income |
FeeIncome
|
$39.62K | USD | 1 Quarter |
| Total investment income |
GrossInvestmentIncomeOperating
|
$1.12M | USD | 1 Quarter |
| Total investment income |
GrossInvestmentIncomeOperating
|
$1.85M | USD | 1 Quarter |
| Base management fee (see Note 8) |
ManagementFeeExpense
|
$240.28K | USD | 1 Quarter |
| Base management fee (see Note 8) |
ManagementFeeExpense
|
$245.39K | USD | 1 Quarter |
| Capital gains incentive fees (see Note 8) |
CapitalGainsIncentiveFee
|
$291.00K | USD | 1 Quarter |
| Capital gains incentive fees (see Note 8) |
CapitalGainsIncentiveFee
|
$-239.76K | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$158.40K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$231.08K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$170.97K | USD | 1 Quarter |
| Stockholders and office operating |
StockholdersAndOfficeOperatingExpenses
|
$64.30K | USD | 1 Quarter |
| Stockholders and office operating |
StockholdersAndOfficeOperatingExpenses
|
$56.70K | USD | 1 Quarter |
| Directors' fees |
NoninterestExpenseDirectorsFees
|
$45.10K | USD | 1 Quarter |
| Directors' fees |
NoninterestExpenseDirectorsFees
|
$63.85K | USD | 1 Quarter |
| Administrative fees |
AdministrativeFeesExpense
|
$37.25K | USD | 1 Quarter |
| Insurance |
GeneralInsuranceExpense
|
$12.96K | USD | 1 Quarter |
| Insurance |
GeneralInsuranceExpense
|
$8.91K | USD | 1 Quarter |
| Corporate development |
BusinessDevelopment
|
$3.71K | USD | 1 Quarter |
| Corporate development |
BusinessDevelopment
|
$3.03K | USD | 1 Quarter |
| Other operating |
OtherExpenses
|
- | USD | 1 Quarter |
| Other operating |
OtherExpenses
|
$45.00 | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$345.38K | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$1.05M | USD | 1 Quarter |
| Net investment income before income taxes: |
NetInvestmentIncome
|
$779.37K | USD | 1 Quarter |
| Net investment income before income taxes: |
NetInvestmentIncome
|
$803.65K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$88.74K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$7.37K | USD | 1 Quarter |
| Net investment income |
InvestmentIncomeOperatingAfterExpenseAndTax
|
$714.92K | USD | 1 Quarter |
| Net investment income |
InvestmentIncomeOperatingAfterExpenseAndTax
|
$772.00K | USD | 1 Quarter |
| Net realized gain (loss) on sales and dispositions of investments |
RealizedInvestmentGainsLosses
|
$53.39K | USD | 1 Quarter |
| Net realized gain (loss) on sales and dispositions of investments |
RealizedInvestmentGainsLosses
|
$-851.47K | USD | 1 Quarter |
| Change in unrealized appreciation/ depreciation before income taxes |
UnrealizedGainLossOnInvestmentsBeforeIncomeTax
|
$1.40M | USD | 1 Quarter |
| Change in unrealized appreciation/ depreciation before income taxes |
UnrealizedGainLossOnInvestmentsBeforeIncomeTax
|
$-331.07K | USD | 1 Quarter |
| Deferred income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$-5.54K | USD | 1 Quarter |
| Deferred income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$-10.32K | USD | 1 Quarter |
| Net change in unrealized appreciation/depreciation on investments |
UnrealizedGainLossOnInvestments
|
$-331.07K | USD | 1 Quarter |
| Net change in unrealized appreciation/depreciation on investments |
UnrealizedGainLossOnInvestments
|
$1.40M | USD | 1 Quarter |
| Net realized and unrealized gain (loss) on investments |
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
$1.46M | USD | 1 Quarter |
| Net realized and unrealized gain (loss) on investments |
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
$-1.18M | USD | 1 Quarter |
| Net increase (decrease) in net assets from operations |
NetIncomeLoss
|
$-410.54K | USD | 1 Quarter |
| Net increase (decrease) in net assets from operations |
NetIncomeLoss
|
$2.17M | USD | 1 Quarter |
| Weighted average shares outstanding, Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
2.58M | shares | 1 Quarter |
| Weighted average shares outstanding, Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
2.58M | shares | 1 Quarter |
| Weighted average shares outstanding, Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
2.58M | shares | 1 Quarter |
| Weighted average shares outstanding, Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
2.58M | shares | 1 Quarter |
| Increase (decrease) in net assets from operations per share, Basic |
EarningsPerShareBasic
|
$0.84 | USD | 1 Quarter |
| Increase (decrease) in net assets from operations per share, Basic |
EarningsPerShareBasic
|
$-0.16 | USD | 1 Quarter |
| Increase (decrease) in net assets from operations per share, Diluted |
EarningsPerShareDiluted
|
$-0.16 | USD | 1 Quarter |
| Increase (decrease) in net assets from operations per share, Diluted |
EarningsPerShareDiluted
|
$0.84 | USD | 1 Quarter |
Cash Flow Statement
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net increase (decrease) in net assets from operations |
NetIncomeLoss
|
$-410.54K | USD | 1 Quarter |
| Net increase (decrease) in net assets from operations |
NetIncomeLoss
|
$2.17M | USD | 1 Quarter |
| Investments in portfolio companies |
PaymentsForPurchaseOfInvestmentOperatingActivity
|
$-542.09K | USD | 1 Quarter |
| Investments in portfolio companies |
PaymentsForPurchaseOfInvestmentOperatingActivity
|
$-5.57M | USD | 1 Quarter |
| Proceeds from sale of portfolio investments |
ProceedsFromDispositionOfInvestmentOperatingActivity
|
$268.33K | USD | 1 Quarter |
| Proceeds from sale of portfolio investments |
ProceedsFromDispositionOfInvestmentOperatingActivity
|
$1.08M | USD | 1 Quarter |
| Proceeds from loan repayments |
GainsLossesOnExtinguishmentOfDebt
|
$-300.00K | USD | 1 Quarter |
| Proceeds from loan repayments |
GainsLossesOnExtinguishmentOfDebt
|
$-90.17K | USD | 1 Quarter |
| Net realized gain (loss) on sales and dispositions of portfolio investments |
RealizedInvestmentGainsLosses
|
$53.39K | USD | 1 Quarter |
| Net realized gain (loss) on sales and dispositions of portfolio investments |
RealizedInvestmentGainsLosses
|
$-851.47K | USD | 1 Quarter |
| Change in unrealized (appreciation) depreciation on investments |
UnrealizedGainLossOnInvestmentsBeforeIncomeTax
|
$1.40M | USD | 1 Quarter |
| Change in unrealized (appreciation) depreciation on investments |
UnrealizedGainLossOnInvestmentsBeforeIncomeTax
|
$-331.07K | USD | 1 Quarter |
| Deferred income tax (benefit) |
DeferredIncomeTaxExpenseBenefit
|
$-5.54K | USD | 1 Quarter |
| Deferred income tax (benefit) |
DeferredIncomeTaxExpenseBenefit
|
$-10.32K | USD | 1 Quarter |
| Amortization |
DepreciationDepletionAndAmortization
|
$6.25K | USD | 1 Quarter |
| Original issue discount amortization |
AmortizationOfDebtDiscountPremium
|
$-7.75K | USD | 1 Quarter |
| Original issue discount amortization |
AmortizationOfDebtDiscountPremium
|
$-6.25K | USD | 1 Quarter |
| Non-cash conversion of debenture interest |
NonCashConversionOfDebentureInterest
|
$216.29K | USD | 1 Quarter |
| Non-cash conversion of debenture interest |
NonCashConversionOfDebentureInterest
|
$147.15K | USD | 1 Quarter |
| Increase in interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$1.15K | USD | 1 Quarter |
| Increase in interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$67.75K | USD | 1 Quarter |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$2.86K | USD | 1 Quarter |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$113.65K | USD | 1 Quarter |
| Decrease in prepaid income taxes |
IncreaseDecreaseInPrepaidTaxes
|
$-32.46K | USD | 1 Quarter |
| Decrease in prepaid income taxes |
IncreaseDecreaseInPrepaidTaxes
|
$-17.44K | USD | 1 Quarter |
| Increase (decrease) in accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-1.74K | USD | 1 Quarter |
| Increase (decrease) in accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$30.98K | USD | 1 Quarter |
| Decrease in due to investment adviser |
IncreaseDecreaseInDueToInvestmentAdviser
|
$-650.83K | USD | 1 Quarter |
| Decrease in due to investment adviser |
IncreaseDecreaseInDueToInvestmentAdviser
|
$-316.45K | USD | 1 Quarter |
| (Increase) Decrease in capital gains incentive fees payable |
IncreaseDecreaseInCapitalGainsIncentiveFeesPayable
|
$-239.76K | USD | 1 Quarter |
| (Increase) Decrease in capital gains incentive fees payable |
IncreaseDecreaseInCapitalGainsIncentiveFeesPayable
|
$291.00K | USD | 1 Quarter |
| Increase (Decrease) in deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$64.48K | USD | 1 Quarter |
| Increase (Decrease) in deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$-29.62K | USD | 1 Quarter |
| Total adjustments |
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$560.61K | USD | 1 Quarter |
| Total adjustments |
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$-6.58M | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$150.07K | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-4.41M | USD | 1 Quarter |
| Proceeds from lines of credit |
ProceedsFromLinesOfCredit
|
$5.40M | USD | 1 Quarter |
| Payment of cash dividends |
PaymentOfCashDividends
|
$387.15K | USD | 1 Quarter |
| Payment of cash dividends |
PaymentOfCashDividends
|
$516.20K | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-387.15K | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$4.88M | USD | 1 Quarter |
| Net increase (decrease) in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$472.17K | USD | 1 Quarter |
| Net increase (decrease) in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-237.08K | USD | 1 Quarter |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$833.88K | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.84M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.37M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$596.79K | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$833.88K | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.84M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.37M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$596.79K | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.