2024 Q3 Form 10-Q Financial Statement
#000121390024069133 Filed on August 14, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
Revenue | -$26.94K | -$83.35K |
YoY Change | -116.97% | -111.26% |
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $402.5K | |
YoY Change | -4.14% | |
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | ||
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $352.2K | $402.5K |
YoY Change | -0.6% | -4.14% |
Operating Profit | ||
YoY Change | ||
Interest Expense | -$1.049M | |
YoY Change | -148.54% | |
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | -$25.54K | -$82.80K |
YoY Change | -116.07% | -125.85% |
Income Tax | $1.402K | $552.00 |
% Of Pretax Income | ||
Net Earnings | -$1.013M | -$1.132M |
YoY Change | 29.88% | -145.73% |
Net Earnings / Revenue | ||
Basic Earnings Per Share | $0.00 | $0.00 |
Diluted Earnings Per Share | $0.00 | $0.00 |
COMMON SHARES | ||
Basic Shares Outstanding | 120.5M shares | 120.5M shares |
Diluted Shares Outstanding | 120.5M shares | 120.5M shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.956M | |
YoY Change | 4.39% | |
Cash & Equivalents | $1.439M | $1.956M |
Short-Term Investments | ||
Other Short-Term Assets | $144.2K | |
YoY Change | 26.79% | |
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $2.101M | |
YoY Change | -93.82% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | ||
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $22.11M | |
YoY Change | -29.71% | |
Other Assets | $47.47K | |
YoY Change | 15.0% | |
Total Long-Term Assets | $22.67M | |
YoY Change | -5135.2% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $2.101M | |
Total Long-Term Assets | $22.67M | |
Total Assets | $23.39M | $24.77M |
YoY Change | -28.59% | -26.16% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $183.8K | |
YoY Change | -29.62% | |
Accrued Expenses | $276.8K | |
YoY Change | 267.29% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $594.1K | |
YoY Change | 31.97% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | |
YoY Change | ||
Other Long-Term Liabilities | $34.88K | |
YoY Change | -28.58% | |
Total Long-Term Liabilities | $34.88K | |
YoY Change | -28.58% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $594.1K | |
Total Long-Term Liabilities | $34.88K | |
Total Liabilities | $267.1K | $629.0K |
YoY Change | -10.97% | 39.73% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$41.86M | -$40.85M |
YoY Change | 29.89% | 29.9% |
Common Stock | $64.99M | $64.99M |
YoY Change | 53839.35% | 53839.35% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $23.13M | $24.14M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $24.77M | |
YoY Change | -27.14% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$1.013M | -$1.132M |
YoY Change | 29.88% | -145.73% |
Depreciation, Depletion And Amortization | ||
YoY Change | ||
Cash From Operating Activities | $19.29K | |
YoY Change | -109.87% | |
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 | ||
YoY Change | ||
NET CHANGE | ||
Cash From Operating Activities | 19.29K | |
Cash From Investing Activities | ||
Cash From Financing Activities | ||
Net Change In Cash | 19.29K | |
YoY Change | -109.87% | |
FREE CASH FLOW | ||
Cash From Operating Activities | $19.29K | |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2024Q1 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.21 | |
CY2023Q1 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.258 | |
CY2024Q2 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.2 | |
CY2023Q4 | us-gaap |
Deferred Income
DeferredIncome
|
usd | |
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
MD | ||
us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
usd | ||
us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
usd | ||
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Net Asset Value Per Share
NetAssetValuePerShare
|
0.265 | |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2024-06-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2024 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
814-00710 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
PRINCETON CAPITAL CORPORATION | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
46-3516073 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
800 Turnpike Street | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 300 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
North Andover | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
MA | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
01845 | ||
dei |
City Area Code
CityAreaCode
|
(978) | ||
dei |
Local Phone Number
LocalPhoneNumber
|
794-3366 | ||
dei |
Security12b Title
Security12bTitle
|
None | ||
dei |
No Trading Symbol Flag
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|
true | ||
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Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
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Entity Interactive Data Current
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|
Yes | ||
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Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
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Entity Small Business
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false | ||
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Entity Emerging Growth Company
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|
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Investment Owned At Cost
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Investments Fair Value Disclosure
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Investments Fair Value Disclosure
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Cash And Cash Equivalents At Carrying Value
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|
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Cash And Cash Equivalents At Carrying Value
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Restricted Cash
RestrictedCash
|
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Restricted Cash
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CY2024Q2 | piac |
Interest Allowance For Bad Debt
InterestAllowanceForBadDebt
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Income Taxes Receivable
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Prepaid Expense Current And Noncurrent
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Assets
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Assets
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Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
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Taxes Payable Current And Noncurrent
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Accounts Payable And Other Accrued Liabilities
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Liabilities
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Liabilities
Liabilities
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Assets Net
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Assets Net
AssetsNet
|
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Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
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Common Stock Par Or Stated Value Per Share
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Common Stock Shares Authorized
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Common Stock Value
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Common Stock Value
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Additional Paid In Capital Common Stock
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Retained Earnings Accumulated Deficit
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StockholdersEquity
|
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StockholdersEquity
|
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|
0.2 | |
CY2023Q4 | us-gaap |
Net Asset Value Per Share
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|
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Interest Income Operating Paid In Kind
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Interest Income Operating
InterestIncomeOperating
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|
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|
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us-gaap |
Other Income
OtherIncome
|
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|
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|
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GrossInvestmentIncomeOperating
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us-gaap |
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|
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Management Fee Expense
ManagementFeeExpense
|
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|
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Legal Fees
LegalFees
|
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Legal Fees
LegalFees
|
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LegalFees
|
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|
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|
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Valuation Fees
ValuationFees
|
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piac |
Valuation Fees
ValuationFees
|
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Noninterest Expense Directors Fees
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|
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|
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Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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|
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Investments In And Advances To Affiliates At Fair Value Period Increase Decrease
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us-gaap |
Investments In And Advances To Affiliates At Fair Value Period Increase Decrease
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Investments In And Advances To Affiliates At Fair Value Period Increase Decrease
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|
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CY2023Q2 | piac |
Net Change In Unrealized Gain Loss Control Investments
NetChangeInUnrealizedGainLossControlInvestments
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piac |
Net Change In Unrealized Gain Loss Control Investments
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|
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piac |
Net Change In Unrealized Gain Loss Control Investments
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|
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CY2024Q2 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
4500937 | usd |
CY2023Q2 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
2160718 | usd |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-2050915 | usd | |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
866686 | usd | |
CY2024Q2 | piac |
Net Realized And Unrealized Gainloss On Investments
NetRealizedAndUnrealizedGainlossOnInvestments
|
-1048798 | usd |
CY2023Q2 | piac |
Net Realized And Unrealized Gainloss On Investments
NetRealizedAndUnrealizedGainlossOnInvestments
|
2160718 | usd |
piac |
Net Realized And Unrealized Gainloss On Investments
NetRealizedAndUnrealizedGainlossOnInvestments
|
-7600650 | usd | |
piac |
Net Realized And Unrealized Gainloss On Investments
NetRealizedAndUnrealizedGainlossOnInvestments
|
866686 | usd | |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1132147 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2475499 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-7766097 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1458437 | usd | |
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.001 | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.003 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.001 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.005 | ||
CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.001 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.003 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.001 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.005 | ||
CY2024Q2 | piac |
Net Assets Resulting From Operations Per Share Basic
NetAssetsResultingFromOperationsPerShareBasic
|
-0.009 | |
CY2023Q2 | piac |
Net Assets Resulting From Operations Per Share Basic
NetAssetsResultingFromOperationsPerShareBasic
|
0.021 | |
piac |
Net Assets Resulting From Operations Per Share Basic
NetAssetsResultingFromOperationsPerShareBasic
|
-0.064 | ||
piac |
Net Assets Resulting From Operations Per Share Basic
NetAssetsResultingFromOperationsPerShareBasic
|
0.012 | ||
CY2024Q2 | piac |
Net Assets Resulting From Operations Per Share Diluted
NetAssetsResultingFromOperationsPerShareDiluted
|
-0.009 | |
CY2023Q2 | piac |
Net Assets Resulting From Operations Per Share Diluted
NetAssetsResultingFromOperationsPerShareDiluted
|
0.021 | |
piac |
Net Assets Resulting From Operations Per Share Diluted
NetAssetsResultingFromOperationsPerShareDiluted
|
-0.064 | ||
piac |
Net Assets Resulting From Operations Per Share Diluted
NetAssetsResultingFromOperationsPerShareDiluted
|
0.012 | ||
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares |
CY2023Q2 | 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 | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
120486061 | shares |
CY2023Q2 | 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 | |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
31904562 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
32083462 | usd |
CY2024Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
-82098 | usd |
CY2023Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
276970 | usd |
CY2024Q1 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-6551852 | usd |
CY2023Q1 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-1294032 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-6633950 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-1017062 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
|
-6633950 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
|
-1017062 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
25270612 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
31066400 | usd |
CY2024Q2 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
-83349 | usd |
CY2023Q2 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
314781 | usd |
CY2024Q2 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-5549735 | usd |
CY2024Q2 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
4500937 | usd |
CY2023Q2 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
2160718 | usd |
CY2024Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-1132147 | usd |
CY2023Q2 | us-gaap |
Profit Loss
ProfitLoss
|
2475499 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
|
-1132147 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
|
2475499 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
24138465 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33541899 | usd |
CY2024Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
120486061 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
120486061 | shares |
CY2024Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
120486061 | shares |
CY2023Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
120486061 | shares |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-7766097 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1458437 | usd | |
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-5549735 | usd | |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-2050915 | usd | |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
866686 | usd | |
us-gaap |
Payments For Purchase Of Investment Operating Activity
PaymentsForPurchaseOfInvestmentOperatingActivity
|
15000 | usd | |
us-gaap |
Interest And Dividend Income Operating Paid In Kind
InterestAndDividendIncomeOperatingPaidInKind
|
152715 | usd | |
us-gaap |
Interest And Dividend Income Operating Paid In Kind
InterestAndDividendIncomeOperatingPaidInKind
|
22500 | usd | |
us-gaap |
Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
|
-192932 | usd | |
us-gaap |
Increase Decrease Due From Other Related Parties
IncreaseDecreaseDueFromOtherRelatedParties
|
5197 | usd | |
us-gaap |
Increase Decrease Due From Other Related Parties
IncreaseDecreaseDueFromOtherRelatedParties
|
250 | usd | |
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-64442 | usd | |
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
189493 | usd | |
piac |
Increase Decrease In Allowance For Bad Debt
IncreaseDecreaseInAllowanceForBadDebt
|
16549 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
96851 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
78147 | usd | |
us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
788 | usd | |
piac |
Increase Decreasein Accrued Management Fees
IncreaseDecreaseinAccruedManagementFees
|
65069 | usd | |
piac |
Increase Decreasein Accrued Management Fees
IncreaseDecreaseinAccruedManagementFees
|
-17695 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
24302 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
80997 | usd | |
us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
64875 | usd | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-60733 | usd | |
piac |
Increase Decrease In Deferred Fee Income
IncreaseDecreaseInDeferredFeeIncome
|
-6976 | usd | |
piac |
Increase Decrease In Deferred Fee Income
IncreaseDecreaseInDeferredFeeIncome
|
48837 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
132834 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-64657 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
24198 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
348843 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
24198 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
348843 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1979659 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1566546 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2003857 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1915389 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
207 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
62687 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
5456 | usd | |
CY2024Q2 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
22109086 | usd |
CY2024Q2 | us-gaap |
Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
|
0.9159 | pure |
CY2024Q2 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
22109086 | usd |
CY2024Q2 | us-gaap |
Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
|
0.9159 | pure |
CY2023Q4 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
29734953 | usd |
CY2023Q4 | us-gaap |
Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
|
0.932 | pure |
CY2023Q4 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
29734953 | usd |
CY2023Q4 | us-gaap |
Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
|
0.932 | pure |
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 2023 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, 2024.</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. As of June 30, 2024 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> | ||
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">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> | ||
CY2024Q2 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2024Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1956392 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1937768 | usd |
CY2024Q2 | us-gaap |
Restricted Cash
RestrictedCash
|
47465 | usd |
CY2023Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
41891 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2003857 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1979659 | usd |
CY2024Q2 | us-gaap |
Fee Income
FeeIncome
|
3489 | usd |
CY2023Q2 | us-gaap |
Fee Income
FeeIncome
|
1163 | usd |
us-gaap |
Fee Income
FeeIncome
|
6977 | usd | |
us-gaap |
Fee Income
FeeIncome
|
1163 | usd | |
CY2024Q2 | us-gaap |
Other Income
OtherIncome
|
302 | usd |
CY2023Q2 | us-gaap |
Other Income
OtherIncome
|
298 | usd |
us-gaap |
Other Income
OtherIncome
|
623 | usd | |
us-gaap |
Other Income
OtherIncome
|
499 | usd | |
CY2023Q2 | us-gaap |
Interest Income Operating Paid In Kind
InterestIncomeOperatingPaidInKind
|
22500 | usd |
us-gaap |
Interest Income Operating Paid In Kind
InterestIncomeOperatingPaidInKind
|
22500 | usd | |
CY2023 | piac |
Taxable Income Percentage
TaxableIncomePercentage
|
0.80 | pure |
CY2023 | us-gaap |
Other Noncash Income Tax Expense
OtherNoncashIncomeTaxExpense
|
64993 | usd |
CY2024Q2 | us-gaap |
Other Noncash Income Tax Expense
OtherNoncashIncomeTaxExpense
|
552 | usd |
us-gaap |
Other Noncash Income Tax Expense
OtherNoncashIncomeTaxExpense
|
1954 | usd | |
piac |
Taxable Income Percentage
TaxableIncomePercentage
|
0.90 | pure | |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1132147 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2475499 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-7766097 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1458437 | usd | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares |
CY2023Q2 | 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 | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
120486061 | shares |
CY2023Q2 | 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 | |
CY2024Q2 | piac |
Net Assets Resulting From Operations Per Share Basic
NetAssetsResultingFromOperationsPerShareBasic
|
-0.009 | |
CY2023Q2 | piac |
Net Assets Resulting From Operations Per Share Basic
NetAssetsResultingFromOperationsPerShareBasic
|
0.021 | |
piac |
Net Assets Resulting From Operations Per Share Basic
NetAssetsResultingFromOperationsPerShareBasic
|
-0.064 | ||
piac |
Net Assets Resulting From Operations Per Share Basic
NetAssetsResultingFromOperationsPerShareBasic
|
0.012 | ||
CY2024Q2 | piac |
Net Assets Resulting From Operations Per Share Diluted
NetAssetsResultingFromOperationsPerShareDiluted
|
-0.009 | |
CY2023Q2 | piac |
Net Assets Resulting From Operations Per Share Diluted
NetAssetsResultingFromOperationsPerShareDiluted
|
0.021 | |
piac |
Net Assets Resulting From Operations Per Share Diluted
NetAssetsResultingFromOperationsPerShareDiluted
|
-0.064 | ||
piac |
Net Assets Resulting From Operations Per Share Diluted
NetAssetsResultingFromOperationsPerShareDiluted
|
0.012 | ||
CY2024Q2 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
22109086 | usd |
CY2023Q4 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
29734953 | usd |
piac |
First Lien Loan Amount
FirstLienLoanAmount
|
15000 | usd | |
CY2023Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
29734953 | usd |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
|
15000 | usd | |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
|
-192932 | usd | |
us-gaap |
Interest Income Operating Paid In Kind
InterestIncomeOperatingPaidInKind
|
152715 | usd | |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-2050915 | usd | |
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-5549735 | usd | |
CY2024Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
22109086 | usd |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease
|
-2050915 | usd | |
CY2022Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
30564088 | usd |
CY2023 | us-gaap |
Interest Income Operating Paid In Kind
InterestIncomeOperatingPaidInKind
|
166339 | usd |
CY2023 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-1200 | usd |
CY2023 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-994274 | usd |
CY2023Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
29734953 | usd |
CY2023 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease
|
-994274 | usd |
piac |
Percentage Of Management Fee On Gross Assets Invested
PercentageOfManagementFeeOnGrossAssetsInvested
|
0.01 | pure | |
CY2024Q2 | us-gaap |
Management Fee Payable
ManagementFeePayable
|
143958 | usd |
CY2023Q4 | us-gaap |
Management Fee Payable
ManagementFeePayable
|
78889 | usd |
us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
50000 | usd | |
CY2024Q2 | piac |
Sub Administrator Fees
SubAdministratorFees
|
40040 | usd |
piac |
Sub Administrator Fees
SubAdministratorFees
|
80079 | usd | |
piac |
Sub Administrator Fees
SubAdministratorFees
|
75512 | usd | |
CY2024Q2 | us-gaap |
Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
|
-0.001 | |
CY2023Q2 | us-gaap |
Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
|
0.003 | |
CY2024Q2 | piac |
Investment Company Unrealized Gain Loss On Investment Per Share
InvestmentCompanyUnrealizedGainLossOnInvestmentPerShare
|
0.037 | |
CY2023Q2 | piac |
Investment Company Unrealized Gain Loss On Investment Per Share
InvestmentCompanyUnrealizedGainLossOnInvestmentPerShare
|
0.017 | |
CY2024Q2 | piac |
Investment Company Realized Gain Loss On Investment Per Share
InvestmentCompanyRealizedGainLossOnInvestmentPerShare
|
-0.046 | |
CY2024Q2 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.2 | |
CY2023Q2 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.278 | |
CY2024Q2 | us-gaap |
Investment Company Total Return
InvestmentCompanyTotalReturn
|
-0.048 | pure |
CY2023Q2 | us-gaap |
Investment Company Total Return
InvestmentCompanyTotalReturn
|
0.078 | pure |
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares |
CY2024Q2 | us-gaap |
Assets Net
AssetsNet
|
24138465 | usd |
CY2023Q2 | us-gaap |
Assets Net
AssetsNet
|
33541899 | usd |
CY2024Q2 | piac |
Investment Company Average Net Asset
InvestmentCompanyAverageNetAsset
|
25258171 | usd |
CY2023Q2 | piac |
Investment Company Average Net Asset
InvestmentCompanyAverageNetAsset
|
31093603 | usd |
CY2024Q2 | us-gaap |
Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
|
0.064 | pure |
CY2023Q2 | us-gaap |
Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
|
0.054 | pure |
CY2024Q2 | us-gaap |
Investment Company Expense Ratio Excluding Incentive Fee
InvestmentCompanyExpenseRatioExcludingIncentiveFee
|
0.053 | pure |
CY2023Q2 | us-gaap |
Investment Company Expense Ratio Excluding Incentive Fee
InvestmentCompanyExpenseRatioExcludingIncentiveFee
|
0.045 | pure |
CY2024Q2 | us-gaap |
Investment Company Investment Income Loss Ratio Before Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioBeforeIncentiveAllocation
|
-0.013 | pure |
CY2023Q2 | us-gaap |
Investment Company Investment Income Loss Ratio Before Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioBeforeIncentiveAllocation
|
0.041 | pure |
CY2024Q2 | us-gaap |
Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
|
-0.013 | pure |
CY2023Q2 | us-gaap |
Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
|
0.041 | pure |
CY2024Q2 | piac |
Ratio Of Net Increase Decrease In Net Assets Resulting From Operations To Average Net Asset
RatioOfNetIncreaseDecreaseInNetAssetsResultingFromOperationsToAverageNetAsset
|
-0.18 | pure |
CY2023Q2 | piac |
Ratio Of Net Increase Decrease In Net Assets Resulting From Operations To Average Net Asset
RatioOfNetIncreaseDecreaseInNetAssetsResultingFromOperationsToAverageNetAsset
|
0.319 | pure |
CY2024Q2 | us-gaap |
Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
|
0.0007 | pure |
CY2023Q2 | us-gaap |
Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
|
0 | pure |
CY2022Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.266 | |
us-gaap |
Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
|
-0.001 | ||
us-gaap |
Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
|
0.005 | ||
piac |
Investment Company Unrealized Gain Loss On Investment Per Share
InvestmentCompanyUnrealizedGainLossOnInvestmentPerShare
|
-0.018 | ||
piac |
Investment Company Unrealized Gain Loss On Investment Per Share
InvestmentCompanyUnrealizedGainLossOnInvestmentPerShare
|
0.007 | ||
piac |
Investment Company Realized Gain Loss On Investment Per Share
InvestmentCompanyRealizedGainLossOnInvestmentPerShare
|
-0.046 | ||
us-gaap |
Investment Company Total Return
InvestmentCompanyTotalReturn
|
-0.245 | 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 | |
CY2024Q2 | us-gaap |
Assets Net
AssetsNet
|
24138465 | usd |
CY2023Q2 | us-gaap |
Assets Net
AssetsNet
|
33541899 | usd |
piac |
Investment Company Average Net Asset
InvestmentCompanyAverageNetAsset
|
28544916 | usd | |
piac |
Investment Company Average Net Asset
InvestmentCompanyAverageNetAsset
|
31580179 | usd | |
us-gaap |
Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
|
0.054 | pure | |
us-gaap |
Investment Company Expense Ratio Excluding Incentive Fee
InvestmentCompanyExpenseRatioExcludingIncentiveFee
|
0.044 | pure | |
us-gaap |
Investment Company Investment Income Loss Ratio Before Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioBeforeIncentiveAllocation
|
-0.012 | pure | |
us-gaap |
Investment Company Investment Income Loss Ratio Before Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioBeforeIncentiveAllocation
|
0.038 | pure | |
us-gaap |
Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
|
-0.012 | pure | |
us-gaap |
Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
|
0.038 | pure | |
piac |
Ratio Of Net Increase Decrease In Net Assets Resulting From Operations To Average Net Asset
RatioOfNetIncreaseDecreaseInNetAssetsResultingFromOperationsToAverageNetAsset
|
-0.546 | pure | |
piac |
Ratio Of Net Increase Decrease In Net Assets Resulting From Operations To Average Net Asset
RatioOfNetIncreaseDecreaseInNetAssetsResultingFromOperationsToAverageNetAsset
|
0.093 | pure | |
us-gaap |
Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
|
0.0006 | pure | |
us-gaap |
Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
|
0 | pure | |
CY2019Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.276 | |
CY2018Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.345 | |
CY2023 | us-gaap |
Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
|
0.007 | |
CY2022 | us-gaap |
Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
|
-0.006 | |
CY2021 | us-gaap |
Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
|
-0.007 | |
CY2020 | us-gaap |
Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
|
-0.005 | |
CY2019 | us-gaap |
Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
|
-0.009 | |
CY2023 | piac |
Investment Company Unrealized Gain Loss On Investment Per Share
InvestmentCompanyUnrealizedGainLossOnInvestmentPerShare
|
-0.008 | |
CY2022 | piac |
Investment Company Unrealized Gain Loss On Investment Per Share
InvestmentCompanyUnrealizedGainLossOnInvestmentPerShare
|
0.025 | |
CY2021 | piac |
Investment Company Unrealized Gain Loss On Investment Per Share
InvestmentCompanyUnrealizedGainLossOnInvestmentPerShare
|
0.106 | |
CY2020 | piac |
Investment Company Unrealized Gain Loss On Investment Per Share
InvestmentCompanyUnrealizedGainLossOnInvestmentPerShare
|
-0.022 | |
CY2019 | piac |
Investment Company Unrealized Gain Loss On Investment Per Share
InvestmentCompanyUnrealizedGainLossOnInvestmentPerShare
|
-0.06 | |
CY2022 | piac |
Investment Company Realized Gain Loss On Investment Per Share
InvestmentCompanyRealizedGainLossOnInvestmentPerShare
|
0.036 | |
CY2020 | piac |
Investment Company Realized Gain Loss On Investment Per Share
InvestmentCompanyRealizedGainLossOnInvestmentPerShare
|
-0.062 | |
CY2022Q4 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.075 | |
CY2023Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.265 | |
CY2022Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.266 | |
CY2021Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.286 | |
CY2020Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.187 | |
CY2019Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
0.276 | |
CY2023 | us-gaap |
Investment Company Total Return
InvestmentCompanyTotalReturn
|
-0.004 | pure |
CY2022 | us-gaap |
Investment Company Total Return
InvestmentCompanyTotalReturn
|
-0.07 | pure |
CY2021 | us-gaap |
Investment Company Total Return
InvestmentCompanyTotalReturn
|
0.529 | pure |
CY2020 | us-gaap |
Investment Company Total Return
InvestmentCompanyTotalReturn
|
-0.326 | pure |
CY2019 | us-gaap |
Investment Company Total Return
InvestmentCompanyTotalReturn
|
-0.20 | pure |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
120486061 | shares |
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 |
CY2023Q4 | us-gaap |
Assets Net
AssetsNet
|
31904562 | usd |
CY2022Q4 | us-gaap |
Assets Net
AssetsNet
|
32083462 | usd |
CY2021Q4 | us-gaap |
Assets Net
AssetsNet
|
34472992 | usd |
CY2020Q4 | us-gaap |
Assets Net
AssetsNet
|
22479540 | usd |
CY2019Q4 | us-gaap |
Assets Net
AssetsNet
|
33280329 | usd |
CY2023 | piac |
Investment Company Average Net Asset
InvestmentCompanyAverageNetAsset
|
32367206 | usd |
CY2022 | piac |
Investment Company Average Net Asset
InvestmentCompanyAverageNetAsset
|
35317720 | usd |
CY2021 | piac |
Investment Company Average Net Asset
InvestmentCompanyAverageNetAsset
|
29126862 | usd |
CY2020 | piac |
Investment Company Average Net Asset
InvestmentCompanyAverageNetAsset
|
25276013 | usd |
CY2019 | piac |
Investment Company Average Net Asset
InvestmentCompanyAverageNetAsset
|
38504249 | usd |
CY2023 | us-gaap |
Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
|
0.049 | pure |
CY2022 | us-gaap |
Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
|
0.066 | 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 |
CY2023 | us-gaap |
Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
|
0.049 | pure |
CY2022 | us-gaap |
Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
|
0.066 | 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 |
CY2023 | us-gaap |
Investment Company Expense Ratio Excluding Incentive Fee
InvestmentCompanyExpenseRatioExcludingIncentiveFee
|
0.04 | pure |
CY2022 | us-gaap |
Investment Company Expense Ratio Excluding Incentive Fee
InvestmentCompanyExpenseRatioExcludingIncentiveFee
|
0.056 | pure |
CY2021 | us-gaap |
Investment Company Expense Ratio Excluding Incentive Fee
InvestmentCompanyExpenseRatioExcludingIncentiveFee
|
0.051 | pure |
CY2020 | us-gaap |
Investment Company Expense Ratio Excluding Incentive Fee
InvestmentCompanyExpenseRatioExcludingIncentiveFee
|
0.052 | pure |
CY2019 | us-gaap |
Investment Company Expense Ratio Excluding Incentive Fee
InvestmentCompanyExpenseRatioExcludingIncentiveFee
|
0.049 | pure |
CY2023 | us-gaap |
Investment Company Investment Income Loss Ratio Before Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioBeforeIncentiveAllocation
|
0.025 | pure |
CY2022 | us-gaap |
Investment Company Investment Income Loss Ratio Before Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioBeforeIncentiveAllocation
|
-0.022 | pure |
CY2021 | us-gaap |
Investment Company Investment Income Loss Ratio Before Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioBeforeIncentiveAllocation
|
-0.03 | pure |
CY2020 | us-gaap |
Investment Company Investment Income Loss Ratio Before Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioBeforeIncentiveAllocation
|
-0.027 | pure |
CY2019 | us-gaap |
Investment Company Investment Income Loss Ratio Before Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioBeforeIncentiveAllocation
|
-0.028 | pure |
CY2023 | us-gaap |
Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
|
0.025 | pure |
CY2022 | us-gaap |
Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
|
-0.023 | pure |
CY2021 | us-gaap |
Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
|
-0.03 | pure |
CY2020 | us-gaap |
Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
|
-0.03 | pure |
CY2019 | us-gaap |
Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
|
-0.028 | pure |
CY2023 | piac |
Ratio Of Net Increase Decrease In Net Assets Resulting From Operations To Average Net Asset
RatioOfNetIncreaseDecreaseInNetAssetsResultingFromOperationsToAverageNetAsset
|
-0.006 | pure |
CY2022 | piac |
Ratio Of Net Increase Decrease In Net Assets Resulting From Operations To Average Net Asset
RatioOfNetIncreaseDecreaseInNetAssetsResultingFromOperationsToAverageNetAsset
|
0.188 | pure |
CY2021 | piac |
Ratio Of Net Increase Decrease In Net Assets Resulting From Operations To Average Net Asset
RatioOfNetIncreaseDecreaseInNetAssetsResultingFromOperationsToAverageNetAsset
|
0.412 | pure |
CY2020 | piac |
Ratio Of Net Increase Decrease In Net Assets Resulting From Operations To Average Net Asset
RatioOfNetIncreaseDecreaseInNetAssetsResultingFromOperationsToAverageNetAsset
|
-0.427 | pure |
CY2019 | piac |
Ratio Of Net Increase Decrease In Net Assets Resulting From Operations To Average Net Asset
RatioOfNetIncreaseDecreaseInNetAssetsResultingFromOperationsToAverageNetAsset
|
-0.215 | pure |
CY2023 | us-gaap |
Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
|
0 | pure |
CY2022 | us-gaap |
Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
|
0.323 | pure |
CY2021 | us-gaap |
Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
|
0.004 | pure |
CY2020 | us-gaap |
Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
|
0.004 | pure |
CY2019 | us-gaap |
Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
|
0.007 | pure |
piac |
Unconsolidated Significant Subsidiaries Description
UnconsolidatedSignificantSubsidiariesDescription
|
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. | ||
CY2023Q2 | us-gaap |
Derivative Fixed Interest Rate
DerivativeFixedInterestRate
|
0.06 | pure |
CY2024Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
dei |
Security Exchange Name
SecurityExchangeName
|
NONE | ||
CY2023Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
usd | |
CY2024Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
piac |
Tax Preparation Fees
TaxPreparationFees
|
usd | ||
us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
usd | ||
CY2023Q2 | piac |
Gain Loss On Control Investments
GainLossOnControlInvestments
|
usd | |
piac |
Gain Loss On Control Investments
GainLossOnControlInvestments
|
usd | ||
us-gaap |
Payments For Purchase Of Investment Operating Activity
PaymentsForPurchaseOfInvestmentOperatingActivity
|
usd | ||
us-gaap |
Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
|
usd | ||
piac |
Increase Decrease In Allowance For Bad Debt
IncreaseDecreaseInAllowanceForBadDebt
|
usd | ||
CY2023 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
|
usd | |
CY2023 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
|
usd | |
CY2021 | piac |
Investment Company Realized Gain Loss On Investment Per Share
InvestmentCompanyRealizedGainLossOnInvestmentPerShare
|
||
CY2023Q4 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
||
CY2021Q4 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000845385 |