| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net (decrease) increase in net assets from operations | -367,469 | 1,086,281 | -2,231,194 | -6,894,707 |
| Change in unrealized appreciation/depreciation on investments | NaN | NaN | -291,703 | -11,610,598 |
| Net realized loss (gain) on sales and dispositions of portfolio investments | NaN | NaN | -2,927,329 | 925,332 |
| Investments in portfolio companies | 5,127,924 | 3,250,000 | 2,900,000 | 409,755 |
| Proceeds from sale of portfolio investments | 1,319,571 | 35,439 | 0 | 955,357 |
| Proceeds from loan repayments | 29,170 | 0 | 8,340,408 | 8,490,868 |
| Net realized gain on sales and dispositions of portfolio investments | 1,075,571 | -2,001,313 | NaN | NaN |
| Change in unrealized appreciation/depreciation on investments | -2,040,116 | -11,279,709 | NaN | NaN |
| Deferred income tax benefit | 0 | 116,889 | -5,451 | -109,277 |
| Amortization | 6,250 | 6,250 | 6,250 | 12,500 |
| Original issue discount amortization | 3,600 | 3,600 | 8,800 | 29,004 |
| Non-cash conversion of debenture interest | 244,330 | 308,187 | 617,258 | 1,223,945 |
| Non-cash conversion of loan modification fee | 0 | 0 | 0 | 15,000 |
| Change in interest receivable allowance | 0 | 0 | 0 | -25,337 |
| (increase) decrease in interest receivable | 76,923 | -15,698 | -66,526 | -81,930 |
| Increase in other assets | 25,866 | -53,356 | -28,972 | 46,045 |
| Increase in prepaid income taxes | 38,605 | -60,108 | -1,006 | 15,330 |
| Decrease in accounts payable and accrued expenses | -2,102 | 36,999 | 26,376 | -53,968 |
| Increase (decrease) in due to investment adviser | 13,304 | -7,938 | 17,725 | -1,673,346 |
| (decrease) increase in capital gains incentive fees payable | NaN | NaN | -1,565,000 | NaN |
| Decrease in capital gains incentive fees payable | 0 | 0 | NaN | -1,565,000 |
| Increase (decrease) in deferred revenue | 36,710 | 24,524 | -11,412 | -138,956 |
| Total adjustments | -3,149,800 | -3,843,738 | 8,163,374 | 14,971,632 |
| Net cash (used in) provided by operating activities | -3,517,269 | -2,757,457 | 5,932,180 | 8,076,925 |
| Net proceeds from (repayment of) line of credit | 500,000 | 0 | 0 | -600,000 |
| Payment of cash dividend | 861,129 | 2,524,342 | 861,246 | 3,891,917 |
| Net cash used in financing activities | -361,129 | -2,524,342 | -861,246 | -4,491,917 |
| Net (decrease) increase in cash and cash equivalents | -3,878,398 | -5,281,799 | 5,070,934 | 3,585,008 |
| Beginning of period | 4,208,948 | -8,655,942 | 834,805 | NaN |
| End of period | 330,550 | -5,281,799 | 9,490,747 | NaN |
RAND CAPITAL CORP (RAND)
RAND CAPITAL CORP (RAND)