2022 Q4 Form 10-Q Financial Statement
#000121390022071151 Filed on November 10, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q4 |
---|---|---|---|
Revenue | $454.3K | -$272.7K | $361.7K |
YoY Change | 25.62% | -176.22% | 106.11% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $489.7K | $704.3K | $588.9K |
YoY Change | -16.83% | 75.53% | 47.33% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $489.7K | $705.9K | $588.9K |
YoY Change | -16.83% | 75.93% | 47.33% |
Operating Profit | |||
YoY Change | |||
Interest Expense | $960.0K | $7.254M | $1.968M |
YoY Change | -51.21% | -544.88% | 51.7% |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $924.5K | -$272.7K | $1.740M |
YoY Change | -46.88% | -83.71% | 62.23% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | 0.0% | 0.0% | |
Net Earnings | $924.5K | $6.983M | $1.740M |
YoY Change | -46.88% | -517.12% | 61.45% |
Net Earnings / Revenue | 203.51% | 481.24% | |
Basic Earnings Per Share | $0.00 | ||
Diluted Earnings Per Share | $0.01 | $0.00 | $14.45K |
COMMON SHARES | |||
Basic Shares Outstanding | 120.5M shares | 120.5M shares | 120.5M shares |
Diluted Shares Outstanding | 120.5M shares |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.526M | $188.0K | $523.8K |
YoY Change | 191.27% | -79.99% | -69.65% |
Cash & Equivalents | $1.526M | $188.0K | $523.8K |
Short-Term Investments | |||
Other Short-Term Assets | $76.37K | $123.5K | $71.06K |
YoY Change | 7.47% | 10.03% | 36.29% |
Inventory | |||
Prepaid Expenses | $35.55K | $82.88K | $30.47K |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $32.49M | $41.62M | $594.9K |
YoY Change | 5361.05% | 3858.39% | -66.54% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $30.56M | $40.77M | $34.31M |
YoY Change | -10.91% | 26.08% | 59.07% |
Other Assets | $310.9K | $104.2K | |
YoY Change | 171.84% | -9.23% | |
Total Long-Term Assets | -$402.7K | -$1.429M | $34.64M |
YoY Change | -101.16% | -104.37% | 58.24% |
TOTAL ASSETS | |||
Total Short-Term Assets | $32.49M | $41.62M | $594.9K |
Total Long-Term Assets | -$402.7K | -$1.429M | $34.64M |
Total Assets | $32.08M | $40.20M | $35.23M |
YoY Change | -8.94% | 19.13% | 48.87% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $180.1K | $364.9K | $203.7K |
YoY Change | -11.57% | 540.13% | 127.64% |
Accrued Expenses | $91.93K | $512.7K | $262.3K |
YoY Change | -64.96% | 14.0% | -52.49% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $402.7K | $1.429M | $739.0K |
YoY Change | -45.51% | 45.72% | -33.76% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $78.52K | $20.28K | |
YoY Change | 185.84% | -71.64% | |
Total Long-Term Liabilities | $0.00 | $78.52K | $20.28K |
YoY Change | -100.0% | 185.84% | -71.64% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $402.7K | $1.429M | $739.0K |
Total Long-Term Liabilities | $0.00 | $78.52K | $20.28K |
Total Liabilities | $402.7K | $1.429M | $759.3K |
YoY Change | -46.96% | 41.75% | -36.04% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$32.91M | -$24.79M | -$30.52M |
YoY Change | 7.83% | ||
Common Stock | $64.99M | $64.99M | $64.99M |
YoY Change | 0.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $32.08M | $40.20M | $34.47M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $32.49M | $41.62M | $35.23M |
YoY Change | -7.79% | 23.37% | 48.87% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $924.5K | $6.983M | $1.740M |
YoY Change | -46.88% | -517.12% | 61.45% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | $10.37M | -$84.07K | -$415.5K |
YoY Change | -2597.09% | -128.13% | -141.0% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -9.036M | ||
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | 10.37M | -84.07K | -415.5K |
Cash From Investing Activities | |||
Cash From Financing Activities | -9.036M | ||
Net Change In Cash | 1.338M | -84.07K | -415.5K |
YoY Change | -422.04% | -128.13% | -141.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | $10.37M | -$84.07K | -$415.5K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
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|
-652586 | usd | |
CY2022Q3 | us-gaap |
Investments In And Advances To Affiliates At Fair Value Period Increase Decrease
InvestmentsInAndAdvancesToAffiliatesAtFairValuePeriodIncreaseDecrease
|
-7295672 | usd |
CY2021Q3 | us-gaap |
Investments In And Advances To Affiliates At Fair Value Period Increase Decrease
InvestmentsInAndAdvancesToAffiliatesAtFairValuePeriodIncreaseDecrease
|
953012 | usd |
us-gaap |
Investments In And Advances To Affiliates At Fair Value Period Increase Decrease
InvestmentsInAndAdvancesToAffiliatesAtFairValuePeriodIncreaseDecrease
|
-11115782 | usd | |
us-gaap |
Investments In And Advances To Affiliates At Fair Value Period Increase Decrease
InvestmentsInAndAdvancesToAffiliatesAtFairValuePeriodIncreaseDecrease
|
-1423650 | usd | |
CY2022Q3 | piac |
Net Change In Unrealized Gain Loss Control Investments
NetChangeInUnrealizedGainLossControlInvestments
|
-39925 | usd |
CY2021Q3 | piac |
Net Change In Unrealized Gain Loss Control Investments
NetChangeInUnrealizedGainLossControlInvestments
|
-677563 | usd |
piac |
Net Change In Unrealized Gain Loss Control Investments
NetChangeInUnrealizedGainLossControlInvestments
|
-4650815 | usd | |
piac |
Net Change In Unrealized Gain Loss Control Investments
NetChangeInUnrealizedGainLossControlInvestments
|
9481917 | usd | |
CY2022Q3 | piac |
Unrealized Gainloss On Investment
UnrealizedGainlossOnInvestment
|
7255747 | usd |
CY2021Q3 | piac |
Unrealized Gainloss On Investment
UnrealizedGainlossOnInvestment
|
-1630575 | usd |
piac |
Unrealized Gainloss On Investment
UnrealizedGainlossOnInvestment
|
6464967 | usd | |
piac |
Unrealized Gainloss On Investment
UnrealizedGainlossOnInvestment
|
10905567 | usd | |
CY2022Q3 | us-gaap |
Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
|
6983091 | usd |
CY2021Q3 | us-gaap |
Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
|
-1674118 | usd |
us-gaap |
Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
|
5722385 | usd | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
120486061 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
120486061 | shares | |
us-gaap |
Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
|
10252981 | usd | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.002 | |
CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.006 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.005 | ||
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.002 | |
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.006 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.005 | ||
CY2022Q3 | piac |
Net Assets Resulting From Operations Per Share Basic
NetAssetsResultingFromOperationsPerShareBasic
|
0.058 | |
CY2021Q3 | piac |
Net Assets Resulting From Operations Per Share Basic
NetAssetsResultingFromOperationsPerShareBasic
|
-0.014 | |
piac |
Net Assets Resulting From Operations Per Share Basic
NetAssetsResultingFromOperationsPerShareBasic
|
0.047 | ||
piac |
Net Assets Resulting From Operations Per Share Basic
NetAssetsResultingFromOperationsPerShareBasic
|
0.085 | ||
CY2022Q3 | piac |
Net Assets Resulting From Operations Per Share Diluted
NetAssetsResultingFromOperationsPerShareDiluted
|
0.058 | |
CY2021Q3 | piac |
Net Assets Resulting From Operations Per Share Diluted
NetAssetsResultingFromOperationsPerShareDiluted
|
-0.014 | |
piac |
Net Assets Resulting From Operations Per Share Diluted
NetAssetsResultingFromOperationsPerShareDiluted
|
0.047 | ||
piac |
Net Assets Resulting From Operations Per Share Diluted
NetAssetsResultingFromOperationsPerShareDiluted
|
0.085 | ||
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
120486061 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
120486061 | shares |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
34472992 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
22479540 | usd |
CY2022Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
-317025 | usd |
CY2021Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
-303328 | usd |
CY2022Q1 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-779230 | usd |
CY2021Q1 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
4410052 | usd |
CY2022Q1 | us-gaap |
Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
-1096255 | usd |
CY2021Q1 | us-gaap |
Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
4106724 | usd |
CY2022Q1 | us-gaap |
Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
-1096255 | usd |
CY2021Q1 | us-gaap |
Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
4106724 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33376737 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
26586264 | usd |
CY2022Q2 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
-152901 | usd |
CY2021Q2 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
-305715 | usd |
CY2022Q2 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-11550 | usd |
CY2021Q2 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
8126090 | usd |
CY2022Q2 | us-gaap |
Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
-164451 | usd |
CY2021Q2 | us-gaap |
Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
7820375 | usd |
CY2022Q2 | us-gaap |
Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
-164451 | usd |
CY2021Q2 | us-gaap |
Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
7820375 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33212286 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
34406639 | usd |
CY2022Q3 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
-272656 | usd |
CY2021Q3 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
-43543 | usd |
CY2022Q3 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
7255747 | usd |
CY2021Q3 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-1630575 | usd |
CY2022Q3 | us-gaap |
Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
6983091 | usd |
CY2021Q3 | us-gaap |
Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
-1674118 | usd |
CY2022Q3 | us-gaap |
Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
6983091 | usd |
CY2021Q3 | us-gaap |
Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
-1674118 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
40195377 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
32732521 | usd |
CY2022Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
120486061 | shares |
CY2021Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
120486061 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
120486061 | shares |
CY2021Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
120486061 | shares |
us-gaap |
Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
|
5722385 | usd | |
us-gaap |
Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
|
10252981 | usd | |
piac |
Portfolio Investments
PortfolioInvestments
|
-230570 | usd | |
piac |
Net Change In Unrealizedgainloss On Investment
NetChangeInUnrealizedgainlossOnInvestment
|
-6464967 | usd | |
piac |
Net Change In Unrealizedgainloss On Investment
NetChangeInUnrealizedgainlossOnInvestment
|
-10905567 | usd | |
piac |
Increase In Investments Due To Pik
IncreaseInInvestmentsDueToPIK
|
97401 | usd | |
us-gaap |
Increase Decrease Due From Other Related Parties
IncreaseDecreaseDueFromOtherRelatedParties
|
4144 | usd | |
us-gaap |
Increase Decrease Due From Other Related Parties
IncreaseDecreaseDueFromOtherRelatedParties
|
33943 | usd | |
piac |
Increase Decrease Interest Receivable
IncreaseDecreaseInterestReceivable
|
206783 | usd | |
piac |
Increase Decrease Interest Receivable
IncreaseDecreaseInterestReceivable
|
-365 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
52403 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
45064 | usd | |
us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-750 | usd | |
us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-6000 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
250411 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-102359 | usd | |
piac |
Increase Decrease In Accounts Payables
IncreaseDecreaseInAccountsPayables
|
161228 | usd | |
piac |
Increase Decrease In Accounts Payables
IncreaseDecreaseInAccountsPayables
|
-32460 | usd | |
us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
199484 | usd | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-456 | usd | |
us-gaap |
Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
|
-17996 | usd | |
us-gaap |
Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
|
-17996 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
76237 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-26039 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-335798 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-771369 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-335798 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-771369 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
564401 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1751230 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
228603 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
979861 | usd |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 1 – NATURE OF OPERATIONS </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>References herein to “we”, “us” or “our” refer to Princeton Capital Corporation (the “Company” or “Princeton Capital”), unless the context specifically requires otherwise.</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Princeton Capital Corporation, a Maryland corporation, was incorporated under the general laws of the State of Maryland on July 25, 2013. We are a non-diversified, closed-end investment company that has filed an election to be regulated as a business development company (“BDC”), under the Investment Company Act of 1940, as amended (the “1940 Act”). A goal of a BDC is to annually qualify and elect to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company, however, did not meet the requirements to qualify as a RIC for the 2021 tax year and will be taxed as a corporation under Subchapter C of the Code and does not expect to meet the qualifications of a RIC until such time as certain strategic alternatives are achieved. While we have sought to invest primarily in private small and lower middle-market companies in various industries through first lien loans, second lien loans, unsecured loans, unitranche and mezzanine debt financing, often times with a corresponding equity investment, we are now (with a strategic alternatives process underway and limited resources) investing only in current investments and otherwise conserving cash. Our investment objective is to maximize the total return to our stockholders in the form of current income and capital appreciation through debt and related equity investments.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Prior to March 13, 2015, Princeton Capital’s predecessor operated under the name Regal One Corporation (“Regal One”). Regal One had been located in Scottsdale, Arizona, and was a Florida corporation initially incorporated in 1959 as Electro-Mechanical Services Inc. Since inception, Regal One had been involved in several industries. In 1998, Electro-Mechanical Services Inc. changed its name to Regal One Corporation.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On March 7, 2005, Regal One’s board of directors determined it was in the shareholders’ best interest to change the focus of its operations to providing financial consulting services through its network of advisors and professionals, and to be regulated as a BDC under the 1940 Act. On September 16, 2005, Regal One filed a Form N54A (Notification of Election by Business Development Companies) with the Securities and Exchange Commission (“SEC”), which transformed Regal One into a BDC in accordance with sections 55 through 65 of the 1940 Act. Regal One reported as an operating BDC from March 31, 2006 until March 13, 2015 and since March 13, 2015 (following Regal One’s reincorporation from Florida to Maryland by merging with and into the Company with the Company continuing as the surviving corporation) Princeton Capital has reported as an operating BDC.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 27, 2017, the Board approved (specifically in accordance with Rule 15a-4(b)(1)(ii) of the Investment Company Act) and authorized the Company to enter into an Interim Investment Advisory Agreement between the Company and House Hanover, LLC, a Delaware limited liability company (“House Hanover”) (the “Interim Investment Advisory Agreement”), in accordance with Rule 15a-4 of the Investment Company Act. The effective date of the Interim Investment Advisory Agreement was January 1, 2018.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On April 5, 2018, the Board, including a majority of the independent directors, conditionally approved the Investment Advisory Agreement between the Company and House Hanover (the “House Hanover Investment Advisory Agreement”) subject to the approval of the Company’s stockholders at the 2018 Annual Meeting of Stockholders. The House Hanover Investment Advisory Agreement replaced the Interim Investment Advisory Agreement. On May 30, 2018, the Company’s stockholders approved the House Hanover Investment Advisory Agreement. The effective date of the House Hanover Investment Advisory Agreement was May 31, 2018. The House Hanover Investment Advisory Agreement was last annually renewed by the Board and by a majority of the members of the Board who are not parties to the House Hanover Investment Advisory Agreement or “interested persons” (as such term is defined in the 1940 Act) of any such party, in accordance with the requirements of the 1940 Act and the House Hanover Investment Advisory Agreement on May 9, 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Since January 1, 2018, House Hanover has acted as our investment advisor under the Interim Investment Advisory Agreement (from January 1, 2018 until May 31, 2018) and the House Hanover Investment Advisory Agreement (since May 31, 2018).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On November 15, 2019, our Board announced that the Company has initiated a strategic review process to identify, examine, and consider a range of strategic alternatives available to the Company, including but not limited to, (i) selling the Company’s assets to a business development company or other potential buyer, (ii) merging with another business development company, (iii) liquidating the Company’s assets in accordance with a plan of liquidation, (iv) raising additional funds for the Company, or (v) otherwise entering into another business combination, with the objective of maximizing stockholder value. On August 19, 2021, the Company provided an update with respect to our strategic review process and reported that the process was ongoing and that our options had been enhanced by significant valuation growth in our portfolio. As of September 30, 2022 and through the date of filing this Quarterly Report, the Company has not entered into any agreements regarding any strategic alternative and the strategic process remains ongoing.</p> | ||
CY2022Q3 | us-gaap |
Cash
Cash
|
187979 | usd |
CY2021Q3 | us-gaap |
Cash
Cash
|
939287 | usd |
CY2022Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
40624 | usd |
CY2021Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
40574 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
228603 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
979861 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
3963 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
188 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
456 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
456 | usd | |
CY2022Q3 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
40772059 | usd |
CY2022Q3 | us-gaap |
Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
|
1.0143 | pure |
CY2021Q4 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
34307092 | usd |
CY2021Q4 | us-gaap |
Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
|
0.9952 | pure |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of Estimates </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with U.S. GAAP requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Changes in the economic environment, financial markets, creditworthiness of our portfolio companies and any other parameters used in determining these estimates could cause actual results to differ. It is likely that changes in these estimates will occur in the near term. The Company’s estimates are inherently subjective in nature and actual results could differ materially from such estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | ||
CY2022Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
187979 | usd |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
523815 | usd |
CY2022Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
40624 | usd |
CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
40586 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
228603 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
564401 | usd |
CY2022Q3 | piac |
Other Income From Noncontrolnonaffiliate Investment
OtherIncomeFromNoncontrolnonaffiliateInvestment
|
6064 | usd |
CY2021Q3 | piac |
Other Income From Noncontrolnonaffiliate Investment
OtherIncomeFromNoncontrolnonaffiliateInvestment
|
6064 | usd |
piac |
Other Income From Noncontrolnonaffiliate Investment
OtherIncomeFromNoncontrolnonaffiliateInvestment
|
17996 | usd | |
piac |
Other Income From Noncontrolnonaffiliate Investment
OtherIncomeFromNoncontrolnonaffiliateInvestment
|
17996 | usd | |
CY2022Q3 | piac |
Other Income From Noninvestments Sources
OtherIncomeFromNoninvestmentsSources
|
17 | usd |
CY2021Q3 | piac |
Other Income From Noninvestments Sources
OtherIncomeFromNoninvestmentsSources
|
21 | usd |
piac |
Other Income From Noninvestments Sources
OtherIncomeFromNoninvestmentsSources
|
55 | usd | |
piac |
Other Income From Noninvestments Sources
OtherIncomeFromNoninvestmentsSources
|
85 | usd | |
piac |
Incurred Legal Fees
IncurredLegalFees
|
0 | usd | |
piac |
Incurred Legal Fees
IncurredLegalFees
|
14423 | usd | |
us-gaap |
Amount Of Regulatory Assistance Received1
AmountOfRegulatoryAssistanceReceived1
|
485370 | usd | |
us-gaap |
Amount Of Regulatory Assistance Received1
AmountOfRegulatoryAssistanceReceived1
|
35003 | usd | |
piac |
Investment Percentage
InvestmentPercentage
|
0.90 | pure | |
CY2022Q3 | us-gaap |
Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
|
6983091 | usd |
CY2021Q3 | us-gaap |
Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
|
-1674118 | usd |
us-gaap |
Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
|
5722385 | usd | |
us-gaap |
Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
|
10252981 | usd | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
120486061 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
120486061 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
120486061 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
120486061 | shares | |
CY2022Q3 | piac |
Net Assets Resulting From Operations Per Share Basic
NetAssetsResultingFromOperationsPerShareBasic
|
0.058 | |
CY2021Q3 | piac |
Net Assets Resulting From Operations Per Share Basic
NetAssetsResultingFromOperationsPerShareBasic
|
-0.014 | |
piac |
Net Assets Resulting From Operations Per Share Basic
NetAssetsResultingFromOperationsPerShareBasic
|
0.047 | ||
piac |
Net Assets Resulting From Operations Per Share Basic
NetAssetsResultingFromOperationsPerShareBasic
|
0.085 | ||
CY2022Q3 | piac |
Net Assets Resulting From Operations Per Share Diluted
NetAssetsResultingFromOperationsPerShareDiluted
|
0.058 | |
CY2021Q3 | piac |
Net Assets Resulting From Operations Per Share Diluted
NetAssetsResultingFromOperationsPerShareDiluted
|
-0.014 | |
piac |
Net Assets Resulting From Operations Per Share Diluted
NetAssetsResultingFromOperationsPerShareDiluted
|
0.047 | ||
piac |
Net Assets Resulting From Operations Per Share Diluted
NetAssetsResultingFromOperationsPerShareDiluted
|
0.085 | ||
CY2021Q4 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
34307092 | usd |
CY2022Q3 | srt |
Mortgage Loans On Real Estate Prior Liens1
MortgageLoansOnRealEstatePriorLiens1
|
23567755 | usd |
us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
11364044 | usd | |
CY2022Q3 | us-gaap |
Equity Securities Fv Ni
EquitySecuritiesFvNi
|
5840260 | usd |
CY2022Q3 | us-gaap |
Short Term Investments
ShortTermInvestments
|
40772059 | usd |
CY2022Q3 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
40772059 | usd |
CY2021Q4 | srt |
Mortgage Loans On Real Estate Prior Liens1
MortgageLoansOnRealEstatePriorLiens1
|
19400200 | usd |
CY2021 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
11435134 | usd |
CY2021Q4 | us-gaap |
Equity Securities Fv Ni
EquitySecuritiesFvNi
|
3471758 | usd |
CY2021Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
34307092 | usd |
CY2021Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
34307092 | usd |
piac |
Change In Unrealized Gainloss On Investments
ChangeInUnrealizedGainlossOnInvestments
|
6464967 | usd | |
CY2022Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
40772059 | usd |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
|
6464967 | usd | |
CY2020Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
21567023 | usd |
CY2021 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales
|
-230570 | usd |
CY2021 | piac |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Adjustments To Cost
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringAdjustmentsToCost
|
97401 | usd |
CY2021 | piac |
Change In Unrealized Gainloss On Investments
ChangeInUnrealizedGainlossOnInvestments
|
12873238 | usd |
CY2021Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
34307092 | usd |
CY2021 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
|
12873238 | usd |
CY2022Q3 | piac |
Fair Value Measurement
FairValueMeasurement
|
40564046 | usd |
us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
1200 | usd | |
us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
|
206813 | usd | |
CY2021Q4 | piac |
Fair Value Measurement
FairValueMeasurement
|
34305892 | usd |
CY2021 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
1200 | usd |
us-gaap |
Property Management Fee Percent Fee
PropertyManagementFeePercentFee
|
0.01 | pure | |
CY2022Q3 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
83014 | usd |
CY2021Q3 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
74347 | usd |
us-gaap |
Management Fee Expense
ManagementFeeExpense
|
247395 | usd | |
us-gaap |
Management Fee Expense
ManagementFeeExpense
|
182778 | usd | |
CY2022Q3 | us-gaap |
Management Fee Payable
ManagementFeePayable
|
512735 | usd |
CY2021Q4 | us-gaap |
Management Fee Payable
ManagementFeePayable
|
262324 | usd |
CY2021Q2 | us-gaap |
Payment For Management Fee
PaymentForManagementFee
|
285137 | usd |
CY2021Q4 | us-gaap |
Payment For Management Fee
PaymentForManagementFee
|
266984 | usd |
CY2022Q4 | us-gaap |
Payment For Management Fee
PaymentForManagementFee
|
512735 | usd |
us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
50000 | usd | |
CY2018Q1 | us-gaap |
Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
|
151025 | usd |
CY2022Q3 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
67500 | usd |
us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
202500 | usd | |
CY2021Q3 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
67500 | usd |
us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
202500 | usd | |
CY2022Q3 | us-gaap |
Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
|
472500 | usd |
CY2021Q4 | us-gaap |
Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
|
273016 | usd |
CY2022Q4 | piac |
Adjustment In Outstanding Administration Fees Payable
AdjustmentInOutstandingAdministrationFeesPayable
|
31875 | usd |
CY2021Q2 | us-gaap |
Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
|
202500 | usd |
CY2021Q4 | us-gaap |
Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
|
270 | usd |
CY2022Q4 | us-gaap |
Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
|
440625 | usd |
CY2022Q3 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
5000 | usd |
CY2022Q2 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.276 | |
CY2021Q2 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.286 | |
CY2022Q3 | us-gaap |
Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
|
-0.002 | |
CY2022Q3 | piac |
Investment Company Investments Income Loss Per Share
InvestmentCompanyInvestmentsIncomeLossPerShare
|
0.06 | |
CY2021Q3 | piac |
Investment Company Investments Income Loss Per Share
InvestmentCompanyInvestmentsIncomeLossPerShare
|
-0.014 | |
CY2022Q3 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.334 | |
CY2021Q3 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.272 | |
CY2022Q3 | us-gaap |
Investment Company Total Return
InvestmentCompanyTotalReturn
|
0.21 | pure |
CY2021Q3 | us-gaap |
Investment Company Total Return
InvestmentCompanyTotalReturn
|
-0.049 | pure |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares |
CY2022Q3 | piac |
Net Assets
NetAssets
|
40195377 | usd |
CY2021Q3 | piac |
Net Assets
NetAssets
|
32732521 | usd |
CY2022Q3 | piac |
Average Net Asset
AverageNetAsset
|
33288189 | usd |
CY2021Q3 | piac |
Average Net Asset
AverageNetAsset
|
34388442 | usd |
CY2022Q3 | piac |
Ratio Of Expenses To Average Net Assets
RatioOfExpensesToAverageNetAssets
|
0.084 | pure |
CY2021Q3 | piac |
Ratio Of Expenses To Average Net Assets
RatioOfExpensesToAverageNetAssets
|
0.046 | pure |
CY2022Q3 | us-gaap |
Investment Company Incentive Fee To Average Net Assets
InvestmentCompanyIncentiveFeeToAverageNetAssets
|
0.074 | pure |
CY2021Q3 | us-gaap |
Investment Company Incentive Fee To Average Net Assets
InvestmentCompanyIncentiveFeeToAverageNetAssets
|
0.038 | pure |
CY2022Q3 | piac |
Ratio Of Net Investment Loss To Average Net Assets
RatioOfNetInvestmentLossToAverageNetAssets
|
-0.032 | pure |
CY2021Q3 | piac |
Ratio Of Net Investment Loss To Average Net Assets
RatioOfNetInvestmentLossToAverageNetAssets
|
-0.005 | pure |
CY2022Q3 | piac |
Ratio Of Net Investment Loss To Average Net Assets Excluding Other Income From Noninvestment S
RatioOfNetInvestmentLossToAverageNetAssetsExcludingOtherIncomeFromNoninvestmentS
|
-0.032 | pure |
CY2021Q3 | piac |
Ratio Of Net Investment Loss To Average Net Assets Excluding Other Income From Noninvestment S
RatioOfNetInvestmentLossToAverageNetAssetsExcludingOtherIncomeFromNoninvestmentS
|
-0.005 | pure |
CY2022Q3 | piac |
Ratio Of Net Increasedecrease In Net Assets Resulting From Operations To Average Net Assetsin
RatioOfNetIncreasedecreaseInNetAssetsResultingFromOperationsToAverageNetAssetsin
|
0.832 | pure |
CY2021Q3 | piac |
Ratio Of Net Increasedecrease In Net Assets Resulting From Operations To Average Net Assetsin
RatioOfNetIncreasedecreaseInNetAssetsResultingFromOperationsToAverageNetAssetsin
|
-0.193 | pure |
CY2022Q3 | piac |
Portfolio Turnoverin Dollars Per Share
PortfolioTurnoverinDollarsPerShare
|
0 | pure |
CY2021Q3 | piac |
Portfolio Turnoverin Dollars Per Share
PortfolioTurnoverinDollarsPerShare
|
0.004 | pure |
CY2021Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.286 | |
CY2020Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.187 | |
us-gaap |
Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
|
-0.006 | ||
us-gaap |
Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
|
-0.005 | ||
piac |
Investment Company Investments Income Loss Per Share
InvestmentCompanyInvestmentsIncomeLossPerShare
|
0.054 | ||
piac |
Investment Company Investments Income Loss Per Share
InvestmentCompanyInvestmentsIncomeLossPerShare
|
0.09 | ||
CY2022Q3 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.334 | |
CY2021Q3 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.272 | |
us-gaap |
Investment Company Total Return
InvestmentCompanyTotalReturn
|
0.168 | pure | |
us-gaap |
Investment Company Total Return
InvestmentCompanyTotalReturn
|
0.455 | pure | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares | |
CY2022Q3 | piac |
Net Assets
NetAssets
|
40195377 | usd |
CY2021Q3 | piac |
Net Assets
NetAssets
|
32732521 | usd |
piac |
Average Net Asset
AverageNetAsset
|
33703681 | usd | |
piac |
Average Net Asset
AverageNetAsset
|
27905393 | usd | |
piac |
Ratio Of Expenses To Average Net Assets
RatioOfExpensesToAverageNetAssets
|
0.073 | pure | |
piac |
Ratio Of Expenses To Average Net Assets
RatioOfExpensesToAverageNetAssets
|
0.056 | pure | |
us-gaap |
Investment Company Incentive Fee To Average Net Assets
InvestmentCompanyIncentiveFeeToAverageNetAssets
|
0.063 | pure | |
us-gaap |
Investment Company Incentive Fee To Average Net Assets
InvestmentCompanyIncentiveFeeToAverageNetAssets
|
0.047 | pure | |
piac |
Ratio Of Net Investment Loss To Average Net Assets
RatioOfNetInvestmentLossToAverageNetAssets
|
-0.029 | pure | |
piac |
Ratio Of Net Investment Loss To Average Net Assets
RatioOfNetInvestmentLossToAverageNetAssets
|
-0.031 | pure | |
piac |
Ratio Of Net Investment Loss To Average Net Assets Excluding Other Income From Noninvestment S
RatioOfNetInvestmentLossToAverageNetAssetsExcludingOtherIncomeFromNoninvestmentS
|
-0.029 | pure | |
piac |
Ratio Of Net Investment Loss To Average Net Assets Excluding Other Income From Noninvestment S
RatioOfNetInvestmentLossToAverageNetAssetsExcludingOtherIncomeFromNoninvestmentS
|
-0.031 | pure | |
piac |
Ratio Of Net Increasedecrease In Net Assets Resulting From Operations To Average Net Assetsin
RatioOfNetIncreasedecreaseInNetAssetsResultingFromOperationsToAverageNetAssetsin
|
0.227 | pure | |
piac |
Ratio Of Net Increasedecrease In Net Assets Resulting From Operations To Average Net Assetsin
RatioOfNetIncreasedecreaseInNetAssetsResultingFromOperationsToAverageNetAssetsin
|
0.491 | pure | |
piac |
Portfolio Turnoverin Dollars Per Share
PortfolioTurnoverinDollarsPerShare
|
0 | pure | |
piac |
Portfolio Turnoverin Dollars Per Share
PortfolioTurnoverinDollarsPerShare
|
0.0047 | pure | |
CY2020Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.187 | |
CY2019Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.276 | |
CY2021 | us-gaap |
Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
|
-0.007 | |
CY2020 | us-gaap |
Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
|
-0.005 | |
CY2019 | us-gaap |
Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
|
-0.009 | |
CY2018 | us-gaap |
Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
|
0.009 | |
CY2017 | us-gaap |
Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
|
0.008 | |
CY2021 | piac |
Investment Company Investments Income Loss Per Share
InvestmentCompanyInvestmentsIncomeLossPerShare
|
0.106 | |
CY2020 | piac |
Investment Company Investments Income Loss Per Share
InvestmentCompanyInvestmentsIncomeLossPerShare
|
-0.022 | |
CY2019 | piac |
Investment Company Investments Income Loss Per Share
InvestmentCompanyInvestmentsIncomeLossPerShare
|
-0.06 | |
CY2018 | piac |
Investment Company Investments Income Loss Per Share
InvestmentCompanyInvestmentsIncomeLossPerShare
|
-0.007 | |
CY2020 | us-gaap |
Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
|
-0.062 | |
CY2018 | us-gaap |
Investment Company Total Return
InvestmentCompanyTotalReturn
|
0.003 | pure |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares |
CY2018 | us-gaap |
Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
|
0.054 | pure |
CY2017 | us-gaap |
Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
|
0.033 | pure |
CY2020 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares |
CY2019 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares |
CY2018 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares |
CY2017 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares |
CY2021Q4 | piac |
Net Assets
NetAssets
|
34472992 | usd |
CY2020Q4 | piac |
Net Assets
NetAssets
|
22479540 | usd |
CY2019Q4 | piac |
Net Assets
NetAssets
|
33280329 | usd |
CY2018Q4 | piac |
Net Assets
NetAssets
|
41554951 | usd |
CY2017Q4 | piac |
Net Assets
NetAssets
|
41407539 | usd |
CY2021 | piac |
Average Net Asset
AverageNetAsset
|
29126862 | usd |
CY2020 | piac |
Average Net Asset
AverageNetAsset
|
25276013 | usd |
CY2019 | piac |
Average Net Asset
AverageNetAsset
|
38504249 | usd |
CY2018 | piac |
Average Net Asset
AverageNetAsset
|
41416562 | usd |
CY2017 | piac |
Average Net Asset
AverageNetAsset
|
42634685 | usd |
CY2021 | piac |
Ratio Of Expenses To Average Net Assets
RatioOfExpensesToAverageNetAssets
|
0.06 | pure |
CY2020 | piac |
Ratio Of Expenses To Average Net Assets
RatioOfExpensesToAverageNetAssets
|
0.062 | pure |
CY2019 | piac |
Ratio Of Expenses To Average Net Assets
RatioOfExpensesToAverageNetAssets
|
0.058 | pure |
CY2018 | piac |
Ratio Of Expenses To Average Net Assets
RatioOfExpensesToAverageNetAssets
|
0.054 | pure |
CY2017 | piac |
Ratio Of Expenses To Average Net Assets
RatioOfExpensesToAverageNetAssets
|
0.038 | pure |
CY2021 | us-gaap |
Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
|
0.06 | pure |
CY2020 | us-gaap |
Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
|
0.062 | pure |
CY2019 | us-gaap |
Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
|
0.058 | pure |
CY2021 | us-gaap |
Investment Company Incentive Fee To Average Net Assets
InvestmentCompanyIncentiveFeeToAverageNetAssets
|
0.051 | pure |
CY2020 | us-gaap |
Investment Company Incentive Fee To Average Net Assets
InvestmentCompanyIncentiveFeeToAverageNetAssets
|
0.052 | pure |
CY2019 | us-gaap |
Investment Company Incentive Fee To Average Net Assets
InvestmentCompanyIncentiveFeeToAverageNetAssets
|
0.049 | pure |
CY2018 | us-gaap |
Investment Company Incentive Fee To Average Net Assets
InvestmentCompanyIncentiveFeeToAverageNetAssets
|
0.043 | pure |
CY2017 | us-gaap |
Investment Company Incentive Fee To Average Net Assets
InvestmentCompanyIncentiveFeeToAverageNetAssets
|
0.028 | pure |
CY2021 | piac |
Net Operating Expenses Excluding Management Fees Incentive Fees And Interest Expense To Aver
NetOperatingExpensesExcludingManagementFeesIncentiveFeesAndInterestExpenseToAver
|
0.051 | pure |
CY2020 | piac |
Net Operating Expenses Excluding Management Fees Incentive Fees And Interest Expense To Aver
NetOperatingExpensesExcludingManagementFeesIncentiveFeesAndInterestExpenseToAver
|
0.052 | pure |
CY2019 | piac |
Net Operating Expenses Excluding Management Fees Incentive Fees And Interest Expense To Aver
NetOperatingExpensesExcludingManagementFeesIncentiveFeesAndInterestExpenseToAver
|
0.049 | pure |
CY2018 | piac |
Net Operating Expenses Excluding Management Fees Incentive Fees And Interest Expense To Aver
NetOperatingExpensesExcludingManagementFeesIncentiveFeesAndInterestExpenseToAver
|
0.043 | pure |
CY2017 | piac |
Net Operating Expenses Excluding Management Fees Incentive Fees And Interest Expense To Aver
NetOperatingExpensesExcludingManagementFeesIncentiveFeesAndInterestExpenseToAver
|
0.032 | pure |
CY2021 | piac |
Ratio Of Net Investment Loss To Average Net Assets
RatioOfNetInvestmentLossToAverageNetAssets
|
-0.03 | pure |
CY2020 | piac |
Ratio Of Net Investment Loss To Average Net Assets
RatioOfNetInvestmentLossToAverageNetAssets
|
-0.027 | pure |
CY2019 | piac |
Ratio Of Net Investment Loss To Average Net Assets
RatioOfNetInvestmentLossToAverageNetAssets
|
-0.028 | pure |
CY2018 | piac |
Ratio Of Net Investment Loss To Average Net Assets
RatioOfNetInvestmentLossToAverageNetAssets
|
0.025 | pure |
CY2017 | piac |
Ratio Of Net Investment Loss To Average Net Assets
RatioOfNetInvestmentLossToAverageNetAssets
|
0.024 | pure |
CY2021 | piac |
Net Investment Incomeloss To Average Net Assets Excluding Management Fee Waiver
NetInvestmentIncomelossToAverageNetAssetsExcludingManagementFeeWaiver
|
-0.03 | pure |
CY2020 | piac |
Net Investment Incomeloss To Average Net Assets Excluding Management Fee Waiver
NetInvestmentIncomelossToAverageNetAssetsExcludingManagementFeeWaiver
|
-0.027 | pure |
CY2019 | piac |
Net Investment Incomeloss To Average Net Assets Excluding Management Fee Waiver
NetInvestmentIncomelossToAverageNetAssetsExcludingManagementFeeWaiver
|
-0.028 | pure |
CY2018 | piac |
Net Investment Incomeloss To Average Net Assets Excluding Management Fee Waiver
NetInvestmentIncomelossToAverageNetAssetsExcludingManagementFeeWaiver
|
0.025 | pure |
CY2017 | piac |
Net Investment Incomeloss To Average Net Assets Excluding Management Fee Waiver
NetInvestmentIncomelossToAverageNetAssetsExcludingManagementFeeWaiver
|
0.019 | pure |
CY2021 | piac |
Ratio Of Net Investment Loss To Average Net Assets Excluding Other Income From Noninvestment S
RatioOfNetInvestmentLossToAverageNetAssetsExcludingOtherIncomeFromNoninvestmentS
|
-0.03 | pure |
CY2020 | piac |
Ratio Of Net Investment Loss To Average Net Assets Excluding Other Income From Noninvestment S
RatioOfNetInvestmentLossToAverageNetAssetsExcludingOtherIncomeFromNoninvestmentS
|
-0.03 | pure |
CY2019 | piac |
Ratio Of Net Investment Loss To Average Net Assets Excluding Other Income From Noninvestment S
RatioOfNetInvestmentLossToAverageNetAssetsExcludingOtherIncomeFromNoninvestmentS
|
-0.028 | pure |
CY2018 | piac |
Ratio Of Net Investment Loss To Average Net Assets Excluding Other Income From Noninvestment S
RatioOfNetInvestmentLossToAverageNetAssetsExcludingOtherIncomeFromNoninvestmentS
|
0.025 | pure |
CY2017 | piac |
Ratio Of Net Investment Loss To Average Net Assets Excluding Other Income From Noninvestment S
RatioOfNetInvestmentLossToAverageNetAssetsExcludingOtherIncomeFromNoninvestmentS
|
0.001 | pure |
CY2021 | piac |
Net Investment Incomeloss To Average Net Assets Excluding Other Income From Noninvestment
NetInvestmentIncomelossToAverageNetAssetsExcludingOtherIncomeFromNoninvestment
|
-0.03 | pure |
CY2020 | piac |
Net Investment Incomeloss To Average Net Assets Excluding Other Income From Noninvestment
NetInvestmentIncomelossToAverageNetAssetsExcludingOtherIncomeFromNoninvestment
|
-0.03 | pure |
CY2019 | piac |
Net Investment Incomeloss To Average Net Assets Excluding Other Income From Noninvestment
NetInvestmentIncomelossToAverageNetAssetsExcludingOtherIncomeFromNoninvestment
|
-0.028 | pure |
CY2018 | piac |
Net Investment Incomeloss To Average Net Assets Excluding Other Income From Noninvestment
NetInvestmentIncomelossToAverageNetAssetsExcludingOtherIncomeFromNoninvestment
|
0.025 | pure |
CY2017 | piac |
Net Investment Incomeloss To Average Net Assets Excluding Other Income From Noninvestment
NetInvestmentIncomelossToAverageNetAssetsExcludingOtherIncomeFromNoninvestment
|
-0.004 | pure |
CY2021 | piac |
Ratio Of Net Increasedecrease In Net Assets Resulting From Operations To Average Net Assetsin
RatioOfNetIncreasedecreaseInNetAssetsResultingFromOperationsToAverageNetAssetsin
|
0.412 | pure |
CY2020 | piac |
Ratio Of Net Increasedecrease In Net Assets Resulting From Operations To Average Net Assetsin
RatioOfNetIncreasedecreaseInNetAssetsResultingFromOperationsToAverageNetAssetsin
|
-0.427 | pure |
CY2019 | piac |
Ratio Of Net Increasedecrease In Net Assets Resulting From Operations To Average Net Assetsin
RatioOfNetIncreasedecreaseInNetAssetsResultingFromOperationsToAverageNetAssetsin
|
-0.215 | pure |
CY2018 | piac |
Ratio Of Net Increasedecrease In Net Assets Resulting From Operations To Average Net Assetsin
RatioOfNetIncreasedecreaseInNetAssetsResultingFromOperationsToAverageNetAssetsin
|
0.004 | pure |
CY2017 | piac |
Ratio Of Net Increasedecrease In Net Assets Resulting From Operations To Average Net Assetsin
RatioOfNetIncreasedecreaseInNetAssetsResultingFromOperationsToAverageNetAssetsin
|
-0.06 | pure |
CY2021 | piac |
Portfolio Turnoverin Dollars Per Share
PortfolioTurnoverinDollarsPerShare
|
0.004 | pure |
CY2020 | piac |
Portfolio Turnoverin Dollars Per Share
PortfolioTurnoverinDollarsPerShare
|
0.004 | pure |
CY2019 | piac |
Portfolio Turnoverin Dollars Per Share
PortfolioTurnoverinDollarsPerShare
|
0.007 | pure |
CY2018 | piac |
Portfolio Turnoverin Dollars Per Share
PortfolioTurnoverinDollarsPerShare
|
0.005 | pure |
CY2017 | piac |
Portfolio Turnoverin Dollars Per Share
PortfolioTurnoverinDollarsPerShare
|
0.07 | pure |
CY2017 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
216559 | usd |
CY2017Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
968256 | usd |
CY2021Q1 | us-gaap |
Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
|
9910601 | usd |
CY2022Q1 | us-gaap |
Bankruptcy Claims Amount Of Claims Expunged By Bankruptcy Court
BankruptcyClaimsAmountOfClaimsExpungedByBankruptcyCourt
|
15000000 | usd |
us-gaap |
Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
|
11372699 | usd | |
CY2022Q3 | us-gaap |
Bankruptcy Claims Amount Of Claims Expunged By Bankruptcy Court
BankruptcyClaimsAmountOfClaimsExpungedByBankruptcyCourt
|
15000000 | usd |
CY2022Q3 | us-gaap |
Bankruptcy Claims Amount Of Claims Under Review By Management
BankruptcyClaimsAmountOfClaimsUnderReviewByManagement
|
1000000 | usd |
CY2022Q4 | us-gaap |
Proceeds From Legal Settlements
ProceedsFromLegalSettlements
|
11372699 | usd |
piac |
Unconsolidated Signifiant Subsidiaries Description
UnconsolidatedSignifiantSubsidiariesDescription
|
if the Company owns more than 25% of the voting securities or is otherwise controlled by the Company and if the subsidiary investment value exceeds 10% of the Company’s total investments at fair value, the income from the subsidiary investment exceeds 80% of the Company’s change in net assets resulting from operations, or the income from the subsidiary investment exceeds 10% of the Company’s change in net assets resulting from operations and the subsidiary investment value exceeds 5% of the Company’s total investments at fair value. | ||
CY2022Q3 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.12 | pure |
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
|
usd | ||
CY2021 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
|
usd | |
CY2021 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
usd | |
CY2021 | us-gaap |
Transfer To Investments
TransferToInvestments
|
usd | |
CY2021Q3 | us-gaap |
Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
|
||
CY2021 | us-gaap |
Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
|
||
CY2019 | us-gaap |
Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
|
||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
CY2021Q3 | piac |
Interest Income From Noncontrolnonaffiliate Investments
InterestIncomeFromNoncontrolnonaffiliateInvestments
|
usd | |
piac |
Interest Income From Noncontrolnonaffiliate Investments
InterestIncomeFromNoncontrolnonaffiliateInvestments
|
usd | ||
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
usd | ||
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
|
usd | ||
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales
|
usd | ||
piac |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Adjustments To Cost
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringAdjustmentsToCost
|
usd | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000845385 |