| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Non-affiliate investments - related party | - | - | - | 0 |
| Control investments | 1,278,000 | 1,245,000 | 225,000 | - |
| Total interest and dividend income | - | - | 225,000 | 0 |
| Non-affiliate investments | 94,000 | - | - | - |
| Interest from temporary cash investments | - | - | - | 0 |
| Total interest income | - | 1,245,000 | - | - |
| Total investment income | 1,372,000 | - | - | - |
| Other income - director fees | - | - | - | 0 |
| Interest from u.s. treasury bills | - | - | 24,000 | - |
| Interest income | 1,000 | 29,000 | - | - |
| Total investment income | 1,373,000 | 1,274,000 | 249,000 | 0 |
| Compensation expense | 2,148,000 | 1,761,000 | 1,937,000 | 1,564,000 |
| Professional fees | 1,118,000 | 1,439,000 | 1,110,000 | 815,000 |
| Transaction costs | 307,000 | - | - | - |
| Professional liability expenses | 80,000 | 582,000 | 661,000 | 720,000 |
| Director fees and expenses | 334,000 | 317,000 | 334,000 | 325,000 |
| General and administrative expenses | 191,000 | 189,000 | 133,000 | 130,000 |
| Mailing, printing and other expenses | 176,000 | 127,000 | 71,000 | 56,000 |
| Taxes | 24,000 | 36,000 | 13,000 | 15,000 |
| Interest expense | 683,000 | 138,000 | 25,000 | 4,000 |
| Total expenses | 5,061,000 | 4,589,000 | 4,284,000 | 3,629,000 |
| Net investment loss | -3,688,000 | -3,315,000 | -4,035,000 | -3,629,000 |
| Affiliate investments | - | - | - | 0 |
| Non-affiliate investments - related party | - | - | - | 0 |
| Control investments | -4,111,000 | - | - | - |
| Non-affiliate investments | -2,381,000 | - | - | 0 |
| Escrow receivable | - | - | - | 0 |
| Other | -155,000 | - | - | - |
| Temporary cash investments | - | - | - | 1,000 |
| U.s. treasury bills | 0 | 138,000 | - | - |
| Net realized (loss) gain | -6,647,000 | 138,000 | 34,000 | 1,000 |
| Control investments | -8,889,000 | -15,600,000 | 16,950,000 | 2,500,000 |
| Affiliate investments | - | - | - | 0 |
| Non-affiliate investments - related party | - | - | - | 0 |
| Non-affiliate investments | 5,357,000 | -15,600,000 | 16,950,000 | 2,500,000 |
| Net change in net unrealized appreciation (depreciation) of portfolio securities | -3,532,000 | - | - | - |
| Federal and state income, excise and other taxes | - | - | 0 | 0 |
| Federal income taxes | - | 0 | - | - |
| Net change in net unrealized depreciation on warrant liability | -297,000 | - | - | - |
| Net decrease in net assets resulting from operations | -14,164,000 | -18,777,000 | 12,949,000 | -1,128,000 |
| Basic EPS | -1.03 | -1.38 | - | - |
| Diluted EPS | -1.03 | - | 0.96 | -0.08 |
| Basic Average Shares | 13,706,000 | 13,586,000 | - | - |
| Diluted Average Shares | 13,706,000 | - | 13,526,000 | 13,518,000 |
EQUUS TOTAL RETURN, INC. (EQS)
EQUUS TOTAL RETURN, INC. (EQS)