10-Q Filing

SUI Group Holdings Ltd. CIK: 1425355 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001410578-22-001480`
Period End Date	20220331
Filing Date	20220513
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	mcvt-20220331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 44 Cash Flow Statement 40 Stockholders Equity 29

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Investments at Amortized Cost	`InvestmentOwnedAtCost`	$13.93M	USD	Point-in-time
Investments at Amortized Cost	`InvestmentOwnedAtCost`	$19.94M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investments, at fair value:	`InvestmentOwnedAtFairValue`	$20.09M	USD	Point-in-time
Investments, at fair value:	`InvestmentOwnedAtFairValue`	$14.10M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$71.02K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.94M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.07M	shares	Point-in-time
Note receivable	`NotesReceivableNet`	$250.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.79M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.07M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.79M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.79M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.07M	shares	Point-in-time
Note receivable	`NotesReceivableNet`	$250.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$29.66K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$83.67K	USD	Point-in-time
Interest and dividend receivables	`InterestAndDividendsReceivable`	$562.99K	USD	Point-in-time
Interest and dividend receivables	`InterestAndDividendsReceivable`	$324.35K	USD	Point-in-time
Right-of-use lease asset	`OperatingLeaseRightOfUseAsset`	$4.98K	USD	Point-in-time
Total Assets	`Assets`	$16.70M	USD	Point-in-time
Total Assets	`Assets`	$21.00M	USD	Point-in-time
Line of credit	`LineOfCredit`	$5.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$64.03K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$104.91K	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$100.00	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$100.00	USD	Point-in-time
Payable for purchase of investments	`PayableForPurchaseOfInvestments`	$1.90M	USD	Point-in-time
Lease liability	`FinanceLeaseLiabilityCurrent`	$5.65K	USD	Point-in-time
Deferred interest income	`DeferredRevenue`	$272.00K	USD	Point-in-time
Accrued income tax	`AccruedIncomeTaxes`	$1.43M	USD	Point-in-time
Accrued income tax	`AccruedIncomeTaxes`	$1.27M	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxLiabilitiesNet`	$39.00K	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxLiabilitiesNet`	$45.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.18M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.28M	USD	Point-in-time
Common stock, par value $0.001 per share (250,000,000 authorized; 10,790,413 and 10,786,913 outstanding)	`CommonStockValue`	$10.79K	USD	Point-in-time
Common stock, par value $0.001 per share (250,000,000 authorized; 10,790,413 and 10,786,913 outstanding)	`CommonStockValue`	$10.79K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.16M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.16M	USD	Point-in-time
Accumulated undistributed investment loss	`InvestmentCompanyDistributableEarningsLossAccumulatedOrdinaryIncomeLoss`	$-1.58M	USD	Point-in-time
Accumulated undistributed investment loss	`InvestmentCompanyDistributableEarningsLossAccumulatedOrdinaryIncomeLoss`	$-1.88M	USD	Point-in-time
Accumulated undistributed net realized gains on investment transactions	`InvestmentCompanyDistributableEarningsLossAccumulatedCapitalGainLoss`	$5.58M	USD	Point-in-time
Accumulated undistributed net realized gains on investment transactions	`InvestmentCompanyDistributableEarningsLossAccumulatedCapitalGainLoss`	$5.72M	USD	Point-in-time
Net unrealized appreciation in value of investments	`InvestmentCompanyDistributableEarningsLossAccumulatedAppreciationDepreciation`	$165.62K	USD	Point-in-time
Net unrealized appreciation in value of investments	`InvestmentCompanyDistributableEarningsLossAccumulatedAppreciationDepreciation`	$143.57K	USD	Point-in-time
Total Shareholders' Equity (net assets)	`StockholdersEquity`	$13.83M	USD	Point-in-time
Total Shareholders' Equity (net assets)	`StockholdersEquity`	$13.41M	USD	Point-in-time
Total Shareholders' Equity (net assets)	`StockholdersEquity`	$11.64M	USD	Point-in-time
Total Shareholders' Equity (net assets)	`StockholdersEquity`	$13.39M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$16.70M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$21.00M	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$0.91	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$1.08	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$1.07	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$1.24	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$0.92	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$1.28	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$0.87	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$1.24	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$0.88	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$1.02	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InvestmentIncomeInterest`	$546.84K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.00M	USD	1 Quarter
Total Investment Income	`GrossInvestmentIncomeOperating`	$546.84K	USD	1 Quarter
Total Investment Income	`GrossInvestmentIncomeOperating`	$1.00M	USD	1 Quarter
Professional fees	`ProfessionalFeesNet`	$198.52K	USD	1 Quarter
Professional fees	`ProfessionalFeesNet`	$142.81K	USD	1 Quarter
Payroll	`LaborAndRelatedExpense`	$196.44K	USD	1 Quarter
Payroll	`LaborAndRelatedExpense`	$302.08K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$24.28K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$30.10K	USD	1 Quarter
Occupancy	`OccupancyNet`	$16.69K	USD	1 Quarter
Occupancy	`OccupancyNet`	$16.81K	USD	1 Quarter
Director's fees	`NoninterestExpenseDirectorsFees`	$30.00K	USD	1 Quarter
Director's fees	`NoninterestExpenseDirectorsFees`	$30.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$66.94K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$18.00K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$7.01K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$533.86K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$545.82K	USD	1 Quarter
Net Investment Gain	`NetInvestmentIncome`	$454.39K	USD	1 Quarter
Net Investment Gain	`NetInvestmentIncome`	$12.98K	USD	1 Quarter
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$2.91M	USD	1 Quarter
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$138.77K	USD	1 Quarter
Net change in unrealized depreciation on investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$-513.25K	USD	1 Quarter
Net change in unrealized depreciation on investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$-22.05K	USD	1 Quarter
Net Realized and Unrealized Gain on Investments	`InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency`	$2.39M	USD	1 Quarter
Net Realized and Unrealized Gain on Investments	`InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency`	$116.72K	USD	1 Quarter
Net Increase in Net Assets Resulting from Operations Before Taxes	`InvestmentCompanyNetAssetsPeriodIncreaseDecreaseBeforeIncomeTaxes`	$2.41M	USD	1 Quarter
Net Increase in Net Assets Resulting from Operations Before Taxes	`InvestmentCompanyNetAssetsPeriodIncreaseDecreaseBeforeIncomeTaxes`	$571.11K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$159.00K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$662.69K	USD	1 Quarter
Net Increase in Net Assets Resulting from Operations	`InvestmentCompanyNetIncreaseDecreaseInNetAssetsFromOperations`	$412.11K	USD	1 Quarter
Net Increase in Net Assets Resulting from Operations	`InvestmentCompanyNetIncreaseDecreaseInNetAssetsFromOperations`	$1.75M	USD	1 Quarter
Basic net income per share	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic net income per share	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Diluted net income per share	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Diluted net income per share	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Weighted-average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.79M	shares	1 Quarter
Weighted-average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.79M	shares	1 Quarter
Weighted-average number of common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.79M	shares	1 Quarter
Weighted-average number of common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.86M	shares	1 Quarter
Weighted-average number of common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.79M	shares	1 Quarter
Weighted-average number of common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.07M	shares	1 Quarter
Weighted-average number of common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.07M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net increase in net assets resulting from operations	`NetIncreaseDecreaseInNetAssetsFromOperations`	$-412.11K	USD	1 Quarter
Net increase in net assets resulting from operations	`NetIncreaseDecreaseInNetAssetsFromOperations`	$-1.75M	USD	1 Quarter
Net change in unrealized depreciation on investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$-513.25K	USD	1 Quarter
Net change in unrealized depreciation on investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$-22.05K	USD	1 Quarter
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$2.91M	USD	1 Quarter
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$138.77K	USD	1 Quarter
Purchases of investments	`PaymentsToPurchaseInvestments`	$7.03M	USD	1 Quarter
Purchases of investments	`PaymentsToPurchaseInvestments`	$9.43M	USD	1 Quarter
Proceeds from sales of investments	`ProceedsFromSaleOfInvestments`	$1.15M	USD	1 Quarter
Proceeds from sales of investments	`ProceedsFromSaleOfInvestments`	$5.04M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-6.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$662.69K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$62.04K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-59.00K	USD	1 Quarter
Interest and dividends receivable	`IncreaseDecreaseInInterestAndDividendsReceivable`	$144.14K	USD	1 Quarter
Interest and dividends receivable	`IncreaseDecreaseInInterestAndDividendsReceivable`	$238.64K	USD	1 Quarter
Receivable for investment sales	`IncreaseDecreaseInReceivableForInvestmentSales`	$-19.31K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$21.76K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$35.23K	USD	1 Quarter
Deferred interest income	`IncreaseDecreaseInLoansDeferredIncome`	$-272.00K	USD	1 Quarter
Deferred interest income	`IncreaseDecreaseInLoansDeferredIncome`	$-144.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$165.00K	USD	1 Quarter
Payable for investment purchase	`IncreaseDecreaseInPayableForInvestmentPurchase`	$-1.90M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.19M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.40M	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$5.33M	USD	1 Quarter
Payments for common stock dividend	`PaymentsOfDividendsCommonStock`	$539.30K	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.33M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-539.30K	USD	1 Quarter
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.87M	USD	1 Quarter
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-4.94M	USD	1 Quarter
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$71.02K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$499.16K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.94M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.44M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$71.02K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$499.16K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.94M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.44M	USD	Point-in-time
Common shares issued as consideration for investment	`StockIssued1`	$5.75K	USD	1 Quarter

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Net investment gain (loss), net of tax	`GainLossOnEquityInvestments`	$662.69K	USD	1 Quarter
Net investment gain (loss), net of tax	`GainLossOnEquityInvestments`	$159.00K	USD	1 Quarter
Balance as of beginning	`StockholdersEquity`	$13.83M	USD	Point-in-time
Balance as of beginning	`StockholdersEquity`	$13.41M	USD	Point-in-time
Balance as of beginning	`StockholdersEquity`	$11.64M	USD	Point-in-time
Balance as of beginning	`StockholdersEquity`	$13.39M	USD	Point-in-time
Balance as of beginning (in shares)	`CommonStockSharesOutstanding`	11.07M	shares	Point-in-time
Balance as of beginning (in shares)	`CommonStockSharesOutstanding`	10.79M	shares	Point-in-time
Balance as of beginning (in shares)	`CommonStockSharesOutstanding`	11.07M	shares	Point-in-time
Balance as of beginning (in shares)	`CommonStockSharesOutstanding`	10.79M	shares	Point-in-time
Balance as of beginning (in shares)	`CommonStockSharesOutstanding`	10.79M	shares	Point-in-time
Balance as of beginning (in shares)	`CommonStockSharesOutstanding`	11.07M	shares	Point-in-time
Net investment gain (loss), net of tax	`GainLossesOnSaleOfEquityInvestments`	$295.39K	USD	1 Quarter
Net investment gain (loss), net of tax	`GainLossesOnSaleOfEquityInvestments`	$-649.71K	USD	1 Quarter
Net realized gain on investment transactions	`RealizedInvestmentGainsLosses`	$2.91M	USD	1 Quarter
Net realized gain on investment transactions	`RealizedInvestmentGainsLosses`	$138.77K	USD	1 Quarter
Depreciation in value of investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$-513.25K	USD	1 Quarter
Depreciation in value of investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$-22.05K	USD	1 Quarter
Issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$5.75K	USD	1 Quarter
Balance as of ending	`StockholdersEquity`	$13.83M	USD	Point-in-time
Balance as of ending	`StockholdersEquity`	$13.41M	USD	Point-in-time
Balance as of ending	`StockholdersEquity`	$11.64M	USD	Point-in-time
Balance as of ending	`StockholdersEquity`	$13.39M	USD	Point-in-time
Balance as of ending (in shares)	`CommonStockSharesOutstanding`	11.07M	shares	Point-in-time
Balance as of ending (in shares)	`CommonStockSharesOutstanding`	10.79M	shares	Point-in-time
Balance as of ending (in shares)	`CommonStockSharesOutstanding`	11.07M	shares	Point-in-time
Balance as of ending (in shares)	`CommonStockSharesOutstanding`	10.79M	shares	Point-in-time
Balance as of ending (in shares)	`CommonStockSharesOutstanding`	10.79M	shares	Point-in-time
Balance as of ending (in shares)	`CommonStockSharesOutstanding`	11.07M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.