RAND: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, RAND has $54,579,788 in assets. $958,274 in debts.

Unit: Dollar

Balance Sheets	2025-09-30	2025-06-30
Investment Affiliated Issuer Controlled	2,000,000	2,000,000
Investment Affiliated Issuer Noncontrolled	33,155,868	42,717,475
Investment Unaffiliated Issuer	9,175,004	7,646,779
Total investments at fair value	44,330,872	52,364,254
Cash	9,490,747	4,419,813
Interest receivable	183,737	250,263
Prepaid income taxes	343,689	-
Deferred tax asset, net	116,889	111,438
Prepaid income taxes	-	344,695
Other assets	113,854	149,076
Total assets	54,579,788	57,639,539

Due to investment adviser	527,225	509,500
Accounts payable and accrued expenses	64,976	38,600
Deferred revenue	366,073	377,485
Total liabilities	958,274	925,585
Common stock, 0.10 par shares authorized 100,000,000 shares issued 3,037,709 at 9/30/25 and 2,648,916 at 12/31/24 shares outstanding 2,969,814 at 9/30/25 and 2,581,021 at 12/31/24 (see note 1)	303,771	303,771
Capital in excess of par value	64,051,504	64,051,504
Treasury stock, at cost 67,895 shares at 9/30/25 and 12/31/24	1,566,605	1,566,605
Total distributable earnings	-9,167,156	-6,074,716
Total stockholders' equity (net assets) (per share - 9/30/25 18.06 12/31/24 25.31)	53,621,514	56,713,954
Total liabilities and stockholders' equity (net assets)	54,579,788	57,639,539