| Financial Position |
31-Dec-05 |
31-Dec-04 |
31-Dec-03 |
| Total Assets |
$132,947,623 |
$79,361,451 |
$44,115,128 |
| Total Income Tax Liability |
$9,646,837 |
$1,364,470 |
$669,344 |
| Other Liabilities |
$5,313,044 |
$3,252,182 |
$2,763,046 |
| Net Assets |
$117,987,742 |
$74,744,799 |
$40,682,738 |
| Net Asset Value Per Outstanding Share |
$5.68 |
$4.33 |
$2.95 |
| Cash Dividends Paid |
$0.00 |
$0.00 |
$0.00 |
| |
| Shares Outstanding |
20,756,345 |
17,248,845 |
13,798,845 |
| |
| Classes of Assets |
Value |
% of Total |
Value |
% of Total |
Value |
% of Total |
| Publicly Traded Equities |
$0 |
0.0% |
$13,113,822 |
16.5% |
$0 |
0.0% |
| Cash and Equivalents |
$1,213,289 |
0.9% |
$650,332 |
0.8% |
$425,574 |
1.0% |
| U.S. Government and Agency Obligations |
$96,250,864 |
72.4% |
$44,622,722 |
56.2% |
$27,120,486 |
61.5% |
| Receivables |
|
|
|
|
|
|
| Receivable from Portfolio Companies |
$75,000 |
0.1% |
$10,000 |
0.0% |
$0 |
0.0% |
| Other Receivables |
$258,066 |
0.2% |
$61,440 |
0.1% |
$17,825 |
0.0% |
| Private Placements |
$33,187,333 |
24.9% |
$18,508,138 |
23.3% |
$15,106,576 |
34.2% |
| Other Assets |
$1,963,071 |
1.5% |
$2,394,997 |
3.1% |
$1,444,667 |
3.3% |
| |
| Total Assets |
$132,947,623 |
100.0% |
$79,361,451 |
100.0% |
$44,115,128 |
100.0% |
|
