10-Q Filing

SUI Group Holdings Ltd. CIK: 1425355 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001654954-23-007056`
Period End Date	20230331
Filing Date	20230522
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	mcvt_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 38 Cash Flow Statement 42 Stockholders Equity 15

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Investments at Amortized Cost	`InvestmentOwnedAtCost`	$19.72M	USD	Point-in-time
Investments at Amortized Cost	`InvestmentOwnedAtCost`	$17.36M	USD	Point-in-time
Investments, at fair value:	`InvestmentOwnedAtFairValue`	$16.71M	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`	$19.71M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	111.11M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	111.11M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.80M	shares	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$439.83K	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.94M	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
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.09M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.79M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.19M	shares	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$71.02K	USD	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
Note receivable, related party	`NotesReceivableNet`	$250.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$218.44K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$267.57K	USD	Point-in-time
Interest and dividend receivables	`AccruedInvestmentIncomeReceivable`	$250.88K	USD	Point-in-time
Interest and dividend receivables	`AccruedInvestmentIncomeReceivable`	$366.39K	USD	Point-in-time
Right-of-use operating lease asset	`OperatingLeaseRightOfUseAsset`	$16.40K	USD	Point-in-time
Right-of-use operating lease asset	`OperatingLeaseRightOfUseAsset`	$10.90K	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxAssetsNet`	$461.00K	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxAssetsNet`	$201.00K	USD	Point-in-time
Total Assets	`Assets`	$18.73M	USD	Point-in-time
Total Assets	`Assets`	$21.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$91.04K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$776.51K	USD	Point-in-time
Line of credit	`LineOfCredit`	-	USD	Point-in-time
Line of credit	`LineOfCredit`	$2.75M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiability`	$11.07K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiability`	$31.99K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiability`	$16.56K	USD	Point-in-time
Deferred interest income	`DeferredIncome`	$42.22K	USD	Point-in-time
Deferred interest income	`DeferredIncome`	$70.15K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.89M	USD	Point-in-time
Total Liabilities	`Liabilities`	$863.23K	USD	Point-in-time
Common stock, par value $0.001 per share (111,111,111 authorized; 6,185,255 outstanding)	`CommonStockValue`	$12.21K	USD	Point-in-time
Common stock, par value $0.001 per share (111,111,111 authorized; 6,185,255 outstanding)	`CommonStockValue`	$12.21K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.04M	USD	Point-in-time
Additional paid-in capital - stock options	`AdditionalPaidInCapitalCommonStock`	$1.46M	USD	Point-in-time
Additional paid-in capital - stock options	`AdditionalPaidInCapitalCommonStock`	-	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`	$-1.09M	USD	Point-in-time
Accumulated undistributed investment loss	`AccumulatedUndistributedInvestmentLoss`	$-1.85M	USD	Point-in-time
Accumulated undistributed net realized gains on investment transactions	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$5.11M	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	`NetUnrealizedAppreciationDepreciationInValueOfInvestments`	$-651.37K	USD	Point-in-time
Net unrealized appreciation (depreciation) in value of investments	`NetUnrealizedAppreciationDepreciationInValueOfInvestments`	$-2.95K	USD	Point-in-time
Total Shareholders' Equity (net assets)	`StockholdersEquity`	$13.41M	USD	Point-in-time
Total Shareholders' Equity (net assets)	`StockholdersEquity`	$13.83M	USD	Point-in-time
Total Shareholders' Equity (net assets)	`StockholdersEquity`	$17.87M	USD	Point-in-time
Total Shareholders' Equity (net assets)	`StockholdersEquity`	$18.61M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$18.73M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$21.51M	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$2.41	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$2.43	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$2.89	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$2.05	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$2.79	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$2.30	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$1.98	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$3.01	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$2.79	USD	Point-in-time
Net Asset Value Per Common Share	`NetAssetValuePerShare`	$2.88	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InvestmentIncomeInterest`	$864.03K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.00M	USD	1 Quarter
Total Investment Income	`GrossInvestmentIncomeOperating`	$1.00M	USD	1 Quarter
Total Investment Income	`GrossInvestmentIncomeOperating`	$864.03K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$198.52K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$129.85K	USD	1 Quarter
Payroll	`LaborAndRelatedExpense`	$1.13M	USD	1 Quarter
Payroll	`LaborAndRelatedExpense`	$196.44K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$27.00K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$30.10K	USD	1 Quarter
Occupancy	`OccupancyNet`	$19.04K	USD	1 Quarter
Occupancy	`OccupancyNet`	$16.81K	USD	1 Quarter
Director's fees	`NoninterestExpenseDirectorsFees`	$30.00K	USD	1 Quarter
Director's fees	`NoninterestExpenseDirectorsFees`	$532.97K	USD	1 Quarter
Interest expense	`InterestExpense`	$34.67K	USD	1 Quarter
Interest expense	`InterestExpense`	$66.94K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$15.83K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$7.01K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.89M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$545.82K	USD	1 Quarter
Net Investment Gain (Loss)	`NetInvestmentIncome`	$-1.03M	USD	1 Quarter
Net Investment Gain (Loss)	`NetInvestmentIncome`	$454.39K	USD	1 Quarter
Net realized gain (loss) on investments	`RealizedInvestmentGainsLosses`	$-600.00K	USD	1 Quarter
Net realized gain (loss) on investments	`RealizedInvestmentGainsLosses`	$138.77K	USD	1 Quarter
Net change in unrealized appreciation (depreciation) on investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$648.42K	USD	1 Quarter
Net change in unrealized appreciation (depreciation) on investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$-22.05K	USD	1 Quarter
Net Realized and Unrealized Gain on Investments	`InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency`	$116.72K	USD	1 Quarter
Net Realized and Unrealized Gain on Investments	`InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency`	$48.42K	USD	1 Quarter
Net Increase (Decrease) in Net Assets Resulting from Operations Before Taxes	`InvestmentCompanyNetAssetsFromOperationsIncreaseDecreaseNetOfTax`	$-977.34K	USD	1 Quarter
Net Increase (Decrease) in Net Assets Resulting from Operations Before Taxes	`InvestmentCompanyNetAssetsFromOperationsIncreaseDecreaseNetOfTax`	$571.11K	USD	1 Quarter
Provision (Benefit) for Income Taxes	`IncomeTaxExpenseBenefit`	$-259.30K	USD	1 Quarter
Provision (Benefit) for Income Taxes	`IncomeTaxExpenseBenefit`	$159.00K	USD	1 Quarter
Net Increase (Decrease) in Net Assets Resulting from Operations	`NetIncreaseDecreaseInNetAssetsResultingFromOperations`	$412.11K	USD	1 Quarter
Net Increase (Decrease) in Net Assets Resulting from Operations	`NetIncreaseDecreaseInNetAssetsResultingFromOperations`	$-718.04K	USD	1 Quarter
Basic and diluted	`EarningPerShareBasicAndDiluted`	$-0.12	USD	1 Quarter
Basic and diluted	`EarningPerShareBasicAndDiluted`	$0.09	USD	1 Quarter
Weighted-average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted`	4.80M	shares	1 Quarter
Weighted-average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted`	6.19M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net increase (decrease) in net assets resulting from operations	`NetIncreaseInNetAssetsResultingFromOperations`	$412.11K	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncreaseInNetAssetsResultingFromOperations`	$-718.04K	USD	1 Quarter
Net change in unrealized (appreciation) depreciation on investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$648.42K	USD	1 Quarter
Net change in unrealized (appreciation) depreciation on investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$-22.05K	USD	1 Quarter
Net realized (gain) loss on investments	`RealizedInvestmentGainsLosses`	$-600.00K	USD	1 Quarter
Net realized (gain) loss on investments	`RealizedInvestmentGainsLosses`	$138.77K	USD	1 Quarter
Purchases of investments	`PurchasesOfInvestments`	$-6.90M	USD	1 Quarter
Purchases of investments	`PurchasesOfInvestments`	$-7.03M	USD	1 Quarter
Proceeds from sales of investments	`ProceedsFromSaleOfShortTermInvestments`	$3.94M	USD	1 Quarter
Proceeds from sales of investments	`ProceedsFromSaleOfShortTermInvestments`	$1.15M	USD	1 Quarter
Issuance of stock options	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Issuance of stock options	`PaymentsOfStockIssuanceCosts`	$1.46M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-6.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-260.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$59.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-43.63K	USD	1 Quarter
Interest and dividends receivable	`IncreaseDecreaseInInterestAndDividendsReceivable`	$-238.64K	USD	1 Quarter
Interest and dividends receivable	`IncreaseDecreaseInInterestAndDividendsReceivable`	$-115.51K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-690.97K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$35.23K	USD	1 Quarter
Deferred interest income	`NoninterestIncome`	$27.94K	USD	1 Quarter
Deferred interest income	`NoninterestIncome`	$272.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$165.00K	USD	1 Quarter
Payable for investment purchase	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Payable for investment purchase	`IncreaseDecreaseInAccountsPayable`	$-1.90M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.19M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.40M	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$5.33M	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$2.75M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.75M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.33M	USD	1 Quarter
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.87M	USD	1 Quarter
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-649.81K	USD	1 Quarter
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$439.83K	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, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$71.02K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$439.83K	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, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$71.02K	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$13.41M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$13.83M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$17.87M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$18.61M	USD	Point-in-time
Net investment gain, net of tax of $159,000	`NetInvestmentGainNetOfTaxOf159000`	$295.39K	USD	1 Quarter
Net realized gain on investment transactions	`NetRealizedGainOnInvestmentTransactions`	$138.77K	USD	1 Quarter
Depreciation in value of investments	`DepreciationInValueOfInvestments`	$-22.05K	USD	1 Quarter
Issuance of stock options	`IssuanceOfStockOptions`	$1.46M	USD	1 Quarter
Net investment loss, net of tax benefit of $259,300	`NetInvestmentLossNetOfTaxBenefitOf259300`	$-766.47K	USD	1 Quarter
Net realized loss on investment transactions	`NetRealizedLossOnInvestmentTransactions`	$-600.00K	USD	1 Quarter
Appreciation in value of investments	`AppreciationInValueOfInvestments`	$648.42K	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$13.41M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$13.83M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$17.87M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$18.61M	USD	Point-in-time

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