| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net (decrease) increase in net assets from operations | -9,125,901 | -6,894,707 |
| Investments in portfolio companies | 3,309,755 | 409,755 |
| Proceeds from sale of portfolio investments | 955,357 | 955,357 |
| Proceeds from loan repayments | 16,831,276 | 8,490,868 |
| Net realized loss (gain) on sales and dispositions of portfolio investments | -2,001,997 | 925,332 |
| Change in unrealized appreciation/depreciation on investments | -11,902,301 | -11,610,598 |
| Deferred income tax benefit | -114,728 | -109,277 |
| Amortization | 18,750 | 12,500 |
| Original issue discount amortization | 37,804 | 29,004 |
| Non-cash conversion of debenture interest | 1,841,203 | 1,223,945 |
| Non-cash conversion of loan modification fee | 15,000 | 15,000 |
| Change in interest receivable allowance | -25,337 | -25,337 |
| Decrease (increase) in interest receivable | -148,456 | -81,930 |
| Increase in other assets | 17,073 | 46,045 |
| Increase in prepaid income taxes | 14,324 | 15,330 |
| (decrease) increase in capital gains incentive fees payable | - | -1,565,000 |
| Decrease in accounts payable and accrued expenses | -27,592 | -53,968 |
| Decrease in due to investment adviser | -1,655,621 | -1,673,346 |
| (decrease) increase in capital gains incentive fees payable | -1,565,000 | - |
| Decrease in deferred revenue | -150,368 | -138,956 |
| Total adjustments | 23,135,006 | 14,971,632 |
| Net cash provided by operating activities | 14,009,105 | 8,076,925 |
| Net repayment of line of credit | -600,000 | -600,000 |
| Payment of cash dividend | 4,753,163 | 3,891,917 |
| Net cash used in financing activities | -5,353,163 | -4,491,917 |
| Net increase in cash | 8,655,942 | 3,585,008 |
| Cash and cash equivalents at beginning of period | 834,805 | - |
| Cash and cash equivalents at end of period | 9,490,747 | - |
RAND CAPITAL CORP (RAND)
RAND CAPITAL CORP (RAND)