10-K Filing

SUI Group Holdings Ltd. CIK: 1425355 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001654954-23-004793`
Period End Date	20221231
Filing Date	20230417
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	mcvt_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 38 Cash Flow Statement 54 Stockholders Equity 19

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Investments at Amortized Cost	`InvestmentOwnedAtCost`	$17.36M	USD	Point-in-time
Investments at Amortized Cost	`InvestmentOwnedAtCost`	$13.93M	USD	Point-in-time
Investments, at fair value: Non-control/non-affiliate investments (cost: $17,359,804 and $13,933,057 respectively)	`InvestmentsFairValueNoncontrolNonAffiliateInvestments`	$14.10M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investments, at fair value: Non-control/non-affiliate investments (cost: $17,359,804 and $13,933,057 respectively)	`InvestmentsFairValueNoncontrolNonAffiliateInvestments`	$16.71M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	111.11M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.94M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	111.11M	shares	Point-in-time
Note receivable, related party	`NotesReceivableNet`	$250.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.19M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.92M	shares	Point-in-time
Note receivable, related party	`NotesReceivableNet`	$250.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.80M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.92M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.79M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$83.67K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$49.22K	USD	Point-in-time
Interest and dividend receivables	`AccruedInvestmentIncomeReceivable`	$324.35K	USD	Point-in-time
Interest and dividend receivables	`AccruedInvestmentIncomeReceivable`	$250.88K	USD	Point-in-time
Right-of-use operating lease asset	`OperatingLeaseRightOfUseAsset`	$4.98K	USD	Point-in-time
Right-of-use operating lease asset	`OperatingLeaseRightOfUseAsset`	$16.40K	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxAssetsNet`	$201.00K	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Total Assets	`Assets`	$18.57M	USD	Point-in-time
Total Assets	`Assets`	$16.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$64.03K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$136.51K	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$100.00	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Payable for purchase of investments	`PayableForPurchaseOfInvestments`	-	USD	Point-in-time
Payable for purchase of investments	`PayableForPurchaseOfInvestments`	$1.90M	USD	Point-in-time
Operating lease liability	`LeaseDepositLiability`	$5.65K	USD	Point-in-time
Operating lease liability	`LeaseDepositLiability`	$16.56K	USD	Point-in-time
Deferred interest income	`DeferredIncome`	-	USD	Point-in-time
Deferred interest income	`DeferredIncome`	$70.15K	USD	Point-in-time
Accrued income tax	`AccruedIncomeTaxes`	-	USD	Point-in-time
Accrued income tax	`AccruedIncomeTaxes`	$1.27M	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxLiabilitiesNet`	$45.00K	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxLiabilitiesNet`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.28M	USD	Point-in-time
Total Liabilities	`Liabilities`	$223.23K	USD	Point-in-time
Common stock, par value $0.001 per share (111,111,111 authorized; 6,185,255 and 4,795,739 outstanding)	`CommonStockValue`	$12.21K	USD	Point-in-time
Common stock, par value $0.001 per share (111,111,111 authorized; 6,185,255 and 4,795,739 outstanding)	`CommonStockValue`	$10.79K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.04M	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	`AccumulatedUndistributedInvestmentLoss`	$-1.88M	USD	Point-in-time
Accumulated undistributed investment loss	`AccumulatedUndistributedInvestmentLoss`	$-615.96K	USD	Point-in-time
Accumulated undistributed net realized gains on investment transactions	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$5.58M	USD	Point-in-time
Accumulated undistributed net realized gains on investment transactions	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$5.71M	USD	Point-in-time
Net unrealized appreciation (depreciation) in value of investments	`NetUnrealizedAppreciationInValueOfInvestments`	$165.62K	USD	Point-in-time
Net unrealized appreciation (depreciation) in value of investments	`NetUnrealizedAppreciationInValueOfInvestments`	$-651.37K	USD	Point-in-time
Total Shareholders' Equity (Net Assets)	`StockholdersEquity`	$13.41M	USD	Point-in-time
Total Shareholders' Equity (Net Assets)	`StockholdersEquity`	$18.34M	USD	Point-in-time
Total Shareholders' Equity (Net Assets)	`StockholdersEquity`	$11.64M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$18.57M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$16.70M	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$2.97	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$1.96	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$2.44	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$2.80	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$2.05	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$2.30	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InvestmentIncomeInterest`	$2.66M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$4.20M	USD	Annual
Total Investment Income	`GrossInvestmentIncomeOperating`	$4.20M	USD	Annual
Total Investment Income	`GrossInvestmentIncomeOperating`	$2.66M	USD	Annual
Professional fees	`ProfessionalFees`	$1.59M	USD	Annual
Professional fees	`ProfessionalFees`	$453.44K	USD	Annual
Payroll	`LaborAndRelatedExpense`	$556.43K	USD	Annual
Payroll	`LaborAndRelatedExpense`	$541.59K	USD	Annual
Insurance	`GeneralInsuranceExpense`	$108.17K	USD	Annual
Insurance	`GeneralInsuranceExpense`	$111.11K	USD	Annual
Occupancy	`OccupancyNet`	$73.15K	USD	Annual
Occupancy	`OccupancyNet`	$66.46K	USD	Annual
Director's fees	`NoninterestExpenseDirectorsFees`	$120.00K	USD	Annual
Director's fees	`NoninterestExpenseDirectorsFees`	$177.07K	USD	Annual
Interest expense	`InterestExpense`	$9.51K	USD	Annual
Interest expense	`InterestExpense`	$195.89K	USD	Annual
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$67.85K	USD	Annual
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$40.74K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$2.76M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$1.35M	USD	Annual
Net Investment Gain	`NetInvestmentIncome`	$1.30M	USD	Annual
Net Investment Gain	`NetInvestmentIncome`	$1.44M	USD	Annual
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$4.12M	USD	Annual
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$133.02K	USD	Annual
Net change in unrealized depreciation on investments	`NetChangeInUnrealizedDepreciationOnInvestments`	$-816.99K	USD	Annual
Net change in unrealized depreciation on investments	`NetChangeInUnrealizedDepreciationOnInvestments`	$-1.53M	USD	Annual
Net Realized and Unrealized Gain (Loss) on Investments	`InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency`	$-683.97K	USD	Annual
Net Realized and Unrealized Gain (Loss) on Investments	`InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency`	$2.58M	USD	Annual
Net Increase in Net Assets Resulting from Operations Before Taxes	`InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease`	$3.89M	USD	Annual
Net Increase in Net Assets Resulting from Operations Before Taxes	`InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease`	$756.61K	USD	Annual
Provision For Income Taxes	`IncomeTaxExpenseBenefit`	$1.05M	USD	Annual
Provision For Income Taxes	`IncomeTaxExpenseBenefit`	$178.87K	USD	Annual
Net Increase in Net Assets Resulting from Operations	`InvestmentCompanyNetAssetsFromOperationsIncreaseDecreaseNetOfTax`	$577.74K	USD	Annual
Net Increase in Net Assets Resulting from Operations	`InvestmentCompanyNetAssetsFromOperationsIncreaseDecreaseNetOfTax`	$2.83M	USD	Annual
Basic and diluted	`EarningPerShareBasicAndDiluted`	$0.11	USD	Annual
Basic and diluted	`EarningPerShareBasicAndDiluted`	$0.59	USD	Annual
Weighted-average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted`	5.33M	shares	Annual
Weighted-average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted`	4.80M	shares	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net increase in net assets resulting from operations	`NetIncreaseInNetAssetsResultingFromOperations`	$-2.83M	USD	Annual
Net increase in net assets resulting from operations	`NetIncreaseInNetAssetsResultingFromOperations`	$-577.74K	USD	Annual
Net change in unrealized depreciation on investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$-816.99K	USD	Annual
Net change in unrealized depreciation on investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$-1.53M	USD	Annual
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$4.12M	USD	Annual
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$133.02K	USD	Annual
Purchases of investments	`PurchasesOfInvestments`	$27.03M	USD	Annual
Purchases of investments	`PurchasesOfInvestments`	$23.56M	USD	Annual
Proceeds from sales of investments	`ProceedsFromSaleOfShortTermInvestments`	$20.26M	USD	Annual
Proceeds from sales of investments	`ProceedsFromSaleOfShortTermInvestments`	$22.19M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-246.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-213.00K	USD	Annual
Stock-based compensation to employees and vendors	`ShareBasedCompensation`	$15.40K	USD	Annual
Stock-based compensation to employees and vendors	`ShareBasedCompensation`	$308.76K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-23.04K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$21.48K	USD	Annual
Interest and dividends receivable	`IncreaseDecreaseInInterestAndDividendsReceivable`	$73.47K	USD	Annual
Interest and dividends receivable	`IncreaseDecreaseInInterestAndDividendsReceivable`	$258.44K	USD	Annual
Receivable for investment sales	`IncreaseDecreaseInOtherReceivables`	$-19.31K	USD	Annual
Receivable for investment sales	`IncreaseDecreaseInOtherReceivables`	-	USD	Annual
Payable for investment purchase	`IncreaseDecreaseInAccountsPayable`	$-1.90M	USD	Annual
Payable for investment purchase	`IncreaseDecreaseInAccountsPayable`	$1.90M	USD	Annual
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$83.29K	USD	Annual
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$10.80K	USD	Annual
Deferred interest income	`NoninterestIncome`	$70.15K	USD	Annual
Deferred interest income	`NoninterestIncome`	-	USD	Annual
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.27M	USD	Annual
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.26M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.89M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.89M	USD	Annual
Proceeds from public offering, net of underwriting discounts and offering costs	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	Annual
Proceeds from public offering, net of underwriting discounts and offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$4.04M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$9.79M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	-	USD	Annual
Repayments on line of credit	`RepaymentsOfLinesOfCredit`	-	USD	Annual
Repayments on line of credit	`RepaymentsOfLinesOfCredit`	$9.79M	USD	Annual
Payments for common stock dividend	`PaymentsOfDividendsCommonStock`	-	USD	Annual
Payments for common stock dividend	`PaymentsOfDividendsCommonStock`	$1.62M	USD	Annual
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.62M	USD	Annual
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.04M	USD	Annual
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-3.50M	USD	Annual
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-846.51K	USD	Annual
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.44M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.94M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.09M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.44M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.94M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.09M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$428.95K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$32.40K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$195.89K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$9.51K	USD	Annual
Common shares issued as consideration for investment	`CommonSharesIssuedAsConsiderationForInvestment`	$5.75K	USD	Annual
Common shares issued as consideration for investment	`CommonSharesIssuedAsConsiderationForInvestment`	-	USD	Annual

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$13.41M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$18.34M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$11.64M	USD	Point-in-time
Dividend Declared	`DividendDeclared`	$-1.08M	USD	Annual
Common shares issued in consideration for expense payment, amount	`CommonSharesIssuedInConsiderationForExpensePaymentAmount`	$21.15K	USD	Annual
Common shares issued in consideration for expense payment, amount	`CommonSharesIssuedInConsiderationForExpensePaymentAmount`	$159.44K	USD	Annual
Undistributed net investment gain	`UndistributedEarnings`	$1.26M	USD	Annual
Undistributed net investment gain	`UndistributedEarnings`	$246.75K	USD	Annual
Undistributed net realized gain on investment transactions	`RealizedInvestmentGainsLosses`	$4.12M	USD	Annual
Undistributed net realized gain on investment transactions	`RealizedInvestmentGainsLosses`	$133.02K	USD	Annual
Depreciation in value of investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$-816.99K	USD	Annual
Depreciation in value of investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$-1.53M	USD	Annual
Common shares issued in public offering net of underwriting costs and warrants, amount	`CommonSharesIssuedInPublicOfferingNetOfUnderwritingCostsAndWarrantsAmount`	$3.84M	USD	Annual
Warramts issued to underwriter	`WarramtsIssuedToUnderwriter`	$201.17K	USD	Annual
Common shares issued in reverse stock split rounding, amount	`CommonSharesIssuedInReverseStockSplitRoundingAmount`	-	USD	Annual
Common shares issued in stock-based compensation, amount	`CommonSharesIssueInStockBasedCompensationAmount`	$149.31K	USD	Annual
Balance, amount	`StockholdersEquity`	$13.41M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$18.34M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$11.64M	USD	Point-in-time

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