2022 Q4 Form 10-Q Financial Statement

#000149315222031063 Filed on November 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q4
Revenue -$2.863M -$3.809M $380.8K
YoY Change -851.98% -827.06% -58.61%
Cost Of Revenue $1.215M $1.203M $188.7K
YoY Change 543.91% -65.69%
Gross Profit $247.7K -$683.2K $192.0K
YoY Change 29.0% -230.41% -48.1%
Gross Profit Margin 50.43%
Selling, General & Admin $2.750M $2.638M $2.745M
YoY Change 0.17% 6.78% -37.32%
% of Gross Profit 1110.22% 1429.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $4.326M $4.329M $3.022M
YoY Change 43.15% 57.56% -34.73%
Operating Profit -$4.078M -$5.012M -$2.830M
YoY Change 44.11% 125.41% -33.57%
Interest Expense -$9.528M $1.203M -$6.706M
YoY Change 42.09% -93.12% -110.23%
% of Operating Profit
Other Income/Expense, Net $487.6K
YoY Change 76.32%
Pretax Income -$12.39M -$45.90M -$9.536M
YoY Change 29.94% -401.03% -115.56%
Income Tax $74.50K
% Of Pretax Income
Net Earnings -$12.39M -$45.90M -$9.536M
YoY Change 29.94% -401.03% -115.56%
Net Earnings / Revenue -2504.56%
Basic Earnings Per Share -$0.44 -$1.54 -$0.32
Diluted Earnings Per Share -$0.44 -$1.54 -$318.6K
COMMON SHARES
Basic Shares Outstanding 28.33M shares 29.78M shares 29.88M shares
Diluted Shares Outstanding 28.35M shares 29.78M shares 29.88M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.12M $39.65M $198.4M
YoY Change -79.78% -63.37% 333.27%
Cash & Equivalents $40.12M $39.65M $198.4M
Short-Term Investments
Other Short-Term Assets $727.0K $889.2K $938.0K
YoY Change -22.49% -15.52% -6.2%
Inventory
Prepaid Expenses
Receivables $138.8K $119.6K $83.66K
Other Receivables $628.3K $653.8K $2.099M
Total Short-Term Assets $41.61M $41.32M $201.6M
YoY Change -79.35% -63.22% 321.67%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $242.2M $257.0M $260.1M
YoY Change -6.88% -18.63% -39.62%
Other Assets $555.8K $572.8K $621.7K
YoY Change -10.61% 81.9% 107.24%
Total Long-Term Assets $242.8M $257.5M $260.8M
YoY Change -6.89% -18.53% -39.51%
TOTAL ASSETS
Total Short-Term Assets $41.61M $41.32M $201.6M
Total Long-Term Assets $242.8M $257.5M $260.8M
Total Assets $284.4M $298.9M $462.3M
YoY Change -38.48% -30.25% -3.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $708.8K $3.431M $875.1K
YoY Change -19.0% 29.79% 9.38%
Accrued Expenses $0.00 $0.00 $175.0K
YoY Change -100.0% -65.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.005M $3.781M $24.44M
YoY Change -95.89% 40.32% -82.54%
LONG-TERM LIABILITIES
Long-Term Debt $73.39M $73.30M $73.03M
YoY Change 0.49% 95.27%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $73.39M $73.30M $73.03M
YoY Change 0.49% 95.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.005M $3.781M $24.44M
Total Long-Term Liabilities $73.39M $73.30M $73.03M
Total Liabilities $74.39M $77.08M $97.47M
YoY Change -23.68% 2760.28% -45.03%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $284.3K $283.3K $311.2K
YoY Change -8.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $210.0M $221.8M $364.8M
YoY Change
Total Liabilities & Shareholders Equity $284.4M $298.9M $462.3M
YoY Change -38.48% -30.25% -3.46%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q4
OPERATING ACTIVITIES
Net Income -$12.39M -$45.90M -$9.536M
YoY Change 29.94% -401.03% -115.56%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $518.7K -$100.1M $45.90M
YoY Change -98.87% -1376.23% -2799.91%
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 $78.61K
YoY Change -102.54%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -53.76K -13.20M 44.29M
YoY Change -100.12% -55.49% -438.09%
NET CHANGE
Cash From Operating Activities 518.7K -100.1M 45.90M
Cash From Investing Activities
Cash From Financing Activities -53.76K -13.20M 44.29M
Net Change In Cash 465.0K -113.3M 90.19M
YoY Change -99.48% 419.58% -709.38%
FREE CASH FLOW
Cash From Operating Activities $518.7K -$100.1M $45.90M
Capital Expenditures
Free Cash Flow
YoY Change

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<p id="xdx_804_eus-gaap--NatureOfOperations_z8O8T77YWdl8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1—<span><span id="xdx_82F_zRvNBLD5O7V6">NATURE OF OPERATIONS</span></span> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">SuRo Capital Corp. (“we”, “us”, “our”, “Company” or “SuRo Capital”), formerly known as Sutter Rock Capital Corp. and as GSV Capital Corp. and formed in September 2010 as a Maryland corporation, is an internally-managed, non-diversified closed-end management investment company. The Company has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”), and has elected to be treated, and intends to qualify annually, as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On and effective March 12, 2019, our Board of Directors approved internalizing our operating structure (“Internalization”) and we began operating as an internally-managed, non-diversified closed-end management investment company that has elected to be regulated as a BDC under the 1940 Act. Prior to March 12, 2019, we were externally managed by our former investment adviser, GSV Asset Management, LLC (“GSV Asset Management”), pursuant to an investment advisory agreement (the “Investment Advisory Agreement”), and our former administrator, GSV Capital Service Company, LLC (“GSV Capital Service Company”), provided the administrative services necessary for our operations pursuant to an administration agreement (the “Administration Agreement”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s date of inception was January 6, 2011, which is the date we commenced development stage activities. The Company’s common stock is currently listed on the Nasdaq Global Select Market under the symbol “SSSS” (formerly “GSVC”). Prior to November 24, 2021, our common stock traded on the Nasdaq Capital Market under the same symbol (“SSSS”). The Company began its investment operations during the second quarter of 2011.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The table below displays the Company’s subsidiaries as of September 30, 2022, which, other than GSV Capital Lending, LLC (“GCL”) and SuRo Capital Sports, LLC, are collectively referred to as the “Taxable Subsidiaries.” The Taxable Subsidiaries were formed to hold certain portfolio investments. The Taxable Subsidiaries, including their associated portfolio investments, are consolidated with the Company for accounting purposes, but have elected to be treated as separate entities for U.S. federal income tax purposes. GCL was formed to originate portfolio loan investments within the state of California and is consolidated with the Company for accounting purposes. Refer to “Note 2—Significant Accounting Policies—<i>Basis of Consolidation</i>” below for further detail.</span></p> <p id="xdx_894_ecustom--ScheduleOfSubsidiariesOfCompanyTableTextBlock_zWef5piiJpa2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BE_zckcZWD40FN" style="display: none">SCHEDULE OF COMPANY’S SUBSIDIARIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif">Subsidiary</span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Jurisdiction of</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Incorporation</b></span></p></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Formation</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Date</b></span></p></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Percentage</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Owned</b></span></p></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 50%"><span style="font-family: Times New Roman, Times, Serif">GCL</span></td><td style="font-family: Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center; width: 15%"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_908_edei--EntityIncorporationStateCountryCode_c20220101__20220930__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GCLMember_z7rqOI581eAi" title="Jurisdiction of Incorporation">Delaware</span></span></td> <td style="font-family: Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90C_edei--EntityIncorporationDateOfIncorporation_c20220101__20220930__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GCLMember_zO2be5ylvuy6" title="Formation Date">April 13, 2012</span></span></td><td style="font-family: Times New Roman, Times, Serif; width: 2%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; width: 10%; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_90B_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20220930__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GCLMember_zYd3bp464Lre" title="Percentage Owned">100</span></span></td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">SuRo Capital Sports, LLC (“SuRo Sports”)</span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_901_edei--EntityIncorporationStateCountryCode_c20220101__20220930__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SuRoCapitalSportsLLCSuRoSportsMember_zmVy1lwOjUwj" title="Jurisdiction of Incorporation">Delaware</span></span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_905_edei--EntityIncorporationDateOfIncorporation_c20220101__20220930__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SuRoCapitalSportsLLCSuRoSportsMember_zkJgYbMCZHug" title="Formation Date">March 19, 2021</span></span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_900_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20220930__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SuRoCapitalSportsLLCSuRoSportsMember_zub6janWWPec" title="Percentage Owned">100</span></span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Subsidiaries below are referred to collectively, as the “Taxable Subsidiaries”</span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">GSVC AE Holdings, Inc. (“GAE”)</span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_905_edei--EntityIncorporationStateCountryCode_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCAEHoldingsIncGAEMember_zo86LR8rKAge" title="Jurisdiction of Incorporation">Delaware</span></span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90C_edei--EntityIncorporationDateOfIncorporation_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCAEHoldingsIncGAEMember_z8L0eV1qYn3a" title="Formation Date">November 28, 2012</span></span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_903_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20220930__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCAEHoldingsIncGAEMember_z97mdDpsvzp9" title="Percentage Owned">100</span></span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">GSVC AV Holdings, Inc. (“GAV”)</span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_90D_edei--EntityIncorporationStateCountryCode_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCAVHoldingsIncGAVMember_z1UlwfB9PPBh" title="Jurisdiction of Incorporation">Delaware</span></span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90E_edei--EntityIncorporationDateOfIncorporation_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCAVHoldingsIncGAVMember_zDZKfdwa1fl3" title="Formation Date">November 28, 2012</span></span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_904_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20220930__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCAVHoldingsIncGAVMember_zMIikcRVyNr6" title="Percentage Owned">100</span></span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">GSVC SW Holdings, Inc. (“GSW”)</span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_90D_edei--EntityIncorporationStateCountryCode_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCSWHoldingsIncGSWMember_zhpmVQ6W4zX7" title="Jurisdiction of Incorporation">Delaware</span></span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_902_edei--EntityIncorporationDateOfIncorporation_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCSWHoldingsIncGSWMember_zrE8nVYCB2Oj" title="Formation Date">November 28, 2012</span></span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_909_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20220930__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCSWHoldingsIncGSWMember_z7QFIoOW0C" title="Percentage Owned">100</span></span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">GSVC SVDS Holdings, Inc. (“SVDS”)</span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_903_edei--EntityIncorporationStateCountryCode_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCSVDSHoldingsIncSVDSMember_zbx7KIFZnRFf" title="Jurisdiction of Incorporation">Delaware</span></span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90C_edei--EntityIncorporationDateOfIncorporation_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCSVDSHoldingsIncSVDSMember_zE1y7cJ1aC0h" title="Formation Date">August 13, 2013</span></span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_900_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20220930__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCSVDSHoldingsIncSVDSMember_zE3m20hOi1p3" title="Percentage Owned">100</span></span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> </table> <p id="xdx_8A0_znZgbdg2bG29" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s investment objective is to maximize its portfolio’s total return, principally by seeking capital gains on its equity and equity-related investments, and to a lesser extent, income from debt investments. The Company invests principally in the equity securities of what it believes to be rapidly growing venture-capital-backed emerging companies. The Company may invest in these portfolio companies through offerings of the prospective portfolio companies, transactions on secondary marketplaces for private companies, or negotiations with selling stockholders. In addition, the Company may invest in private credit and in founders equity, founders warrants, forward purchase agreements, and private investment in public equity transactions of special purpose acquisition companies. The Company may also invest on an opportunistic basis in select publicly traded equity securities or certain non-U.S. companies that otherwise meet its investment criteria, subject to any applicable limitations under the 1940 Act.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"/> <p style="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><b>SURO CAPITAL CORP. AND SUBSIDIARIES</b></span></p> <p style="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><b> </b></span></p> <p style="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><b>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><b>September 30, 2022</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_849_eus-gaap--UseOfEstimates_zuWVjxTnihDj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_zRakJeHlEpJe">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 20.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of condensed consolidated financial statements in accordance with GAAP requires the Company’s management to make a number of significant estimates. These include estimates of the fair value of certain assets and liabilities and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the condensed consolidated financial statements and the reported amounts of certain revenues and expenses during the reporting period. It is likely that changes in these estimates may occur in the near term. The Company’s estimates are inherently subjective in nature and actual results could differ materially from such estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
CY2022Q3 SSSS Investment Owned Percent Of Investment Portfolio
InvestmentOwnedPercentOfInvestmentPortfolio
1.000 pure
CY2022Q3 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
0.711 pure
CY2021Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
260136253 usd
CY2021Q4 SSSS Investment Owned Percent Of Investment Portfolio
InvestmentOwnedPercentOfInvestmentPortfolio
1.000 pure
CY2021Q4 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
0.713 pure
CY2021Q3 SSSS Investment Company Unrealized Investment Income Loss From Operations Per Share
InvestmentCompanyUnrealizedInvestmentIncomeLossFromOperationsPerShare
-0.61
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
186144376 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022Q3 SSSS Escrow Proceeds Receivable
EscrowProceedsReceivable
653791 usd
CY2021Q4 SSSS Escrow Proceeds Receivable
EscrowProceedsReceivable
2046645 usd
CY2022Q3 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
572771 usd
CY2021Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
2592611 usd
CY2021Q4 us-gaap Deferred Finance Costs Current Gross
DeferredFinanceCostsCurrentGross
1970892 usd
CY2022Q3 us-gaap Deferred Offering Costs
DeferredOfferingCosts
572771 usd
CY2021Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
621719 usd
CY2022Q3 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
572771 usd
CY2021Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
2592611 usd
CY2019Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P5Y
CY2022Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
256973892 usd
CY2021Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
260136253 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
214632504 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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12525066 usd
CY2022Q3 us-gaap Escrow Deposit
EscrowDeposit
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CY2021Q4 us-gaap Escrow Deposit
EscrowDeposit
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CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
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CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
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CY2022Q3 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
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InvestmentOwnedPercentOfInvestmentPortfolio
1.000 pure
CY2022Q3 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
0.711 pure
CY2021Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
260136253 usd
CY2021Q4 SSSS Investment Owned Percent Of Investment Portfolio
InvestmentOwnedPercentOfInvestmentPortfolio
1.000 pure
CY2021Q4 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
0.713 pure
CY2022Q3 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
157747892 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
-1624470 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
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us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
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CY2022Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
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us-gaap Fair Value Asset Recurring Basis Still Held Unrealized Gain Loss Oci
FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci
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CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
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CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
-13053111 usd
CY2021 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
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CY2021 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
147981919 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
214632504 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
214632504 usd
CY2021 us-gaap Fair Value Asset Recurring Basis Still Held Unrealized Gain Loss Oci
FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci
52473604 usd
CY2021 us-gaap Fair Value Asset Recurring Basis Still Held Unrealized Gain Loss Oci
FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci
52473604 usd
CY2022Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1008676 shares
CY2022Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-45902250 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
15248404 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-119785483 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
156607831 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29781801 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27619062 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30542611 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24506181 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.54
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.92
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.39
CY2022Q3 SSSS Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
-45902250 usd
CY2021Q3 SSSS Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
15248404 usd
SSSS Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
-119785483 usd
SSSS Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
156607831 usd
SSSS Adjustment For Interest And Amortization
AdjustmentForInterestAndAmortization
501065 usd
CY2022Q3 SSSS Net Change In Net Assets Resulting From Operations As Adjusted Diluted
NetChangeInNetAssetsResultingFromOperationsAsAdjustedDiluted
-45902250 usd
CY2021Q3 SSSS Net Change In Net Assets Resulting From Operations As Adjusted Diluted
NetChangeInNetAssetsResultingFromOperationsAsAdjustedDiluted
15248404 usd
SSSS Net Change In Net Assets Resulting From Operations As Adjusted Diluted
NetChangeInNetAssetsResultingFromOperationsAsAdjustedDiluted
-119785483 usd
SSSS Net Change In Net Assets Resulting From Operations As Adjusted Diluted
NetChangeInNetAssetsResultingFromOperationsAsAdjustedDiluted
157108896 usd
SSSS Adjustment For Dilutive Effect
AdjustmentForDilutiveEffect
1198918 usd
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29781801 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27619062 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30542611 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25705099 shares
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.54
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.92
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.11
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
333882 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
333882 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
470508 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
470508 usd
CY2022Q3 us-gaap Security Deposit
SecurityDeposit
16574 usd
CY2021Q4 us-gaap Security Deposit
SecurityDeposit
16574 usd
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
48738 usd
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
47362 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
143459 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
139406 usd
CY2022Q3 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P1Y9M18D
CY2022Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.0300 pure
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
46868 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
190750 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
113603 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
351221 usd
CY2022Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
9.24
CY2021Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
16.56
CY2021Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
11.72
CY2020Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
15.14
CY2022Q3 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.13
CY2021Q3 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.08
us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.39
us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.29
CY2022Q3 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
-0.17
CY2021Q3 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
0.93
us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
-0.13
us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
7.03
CY2022Q3 SSSS Investment Company Unrealized Investment Income Loss From Operations Per Share
InvestmentCompanyUnrealizedInvestmentIncomeLossFromOperationsPerShare
-1.24
SSSS Investment Company Unrealized Investment Income Loss From Operations Per Share
InvestmentCompanyUnrealizedInvestmentIncomeLossFromOperationsPerShare
-3.40
SSSS Investment Company Unrealized Investment Income Loss From Operations Per Share
InvestmentCompanyUnrealizedInvestmentIncomeLossFromOperationsPerShare
-0.35
CY2021Q3 us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
2.25
us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
0.11
us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
5.25
CY2021Q3 SSSS Investment Company Issuance Of Common Stock From Stock Dividend
InvestmentCompanyIssuanceOfCommonStockFromStockDividend
0.22
SSSS Investment Company Issuance Of Common Stock From Stock Dividend
InvestmentCompanyIssuanceOfCommonStockFromStockDividend
0.38
SSSS Investment Company Issuance Offering Per Share
InvestmentCompanyIssuanceOfferingPerShare
0.01
SSSS Investment Company Conversion Unit Per Share
InvestmentCompanyConversionUnitPerShare
-1.91
CY2022Q3 SSSS Investment Company Repurchase Per Share
InvestmentCompanyRepurchasePerShare
0.11
SSSS Investment Company Repurchase Per Share
InvestmentCompanyRepurchasePerShare
0.08
CY2022Q3 SSSS Investment Company Share Based Compensation Arrangement By Share Based Payment
InvestmentCompanyShareBasedCompensationArrangementByShareBasedPayment
0.02
CY2021Q3 SSSS Investment Company Share Based Compensation Arrangement By Share Based Payment
InvestmentCompanyShareBasedCompensationArrangementByShareBasedPayment
0.02
SSSS Investment Company Share Based Compensation Arrangement By Share Based Payment
InvestmentCompanyShareBasedCompensationArrangementByShareBasedPayment
0.05
SSSS Investment Company Share Based Compensation Arrangement By Share Based Payment
InvestmentCompanyShareBasedCompensationArrangementByShareBasedPayment
0.04
CY2022Q3 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
7.83
CY2021Q3 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
14.79
CY2022Q3 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
7.83
CY2021Q3 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
14.79
CY2022Q3 SSSS Market Value Value Per Share
MarketValueValuePerShare
3.87
CY2021Q3 SSSS Market Value Value Per Share
MarketValueValuePerShare
12.91
CY2022Q3 SSSS Market Value Value Per Share
MarketValueValuePerShare
3.87
CY2021Q3 SSSS Market Value Value Per Share
MarketValueValuePerShare
12.91
CY2022Q3 SSSS Investment Company Total Return Basedon Market Value
InvestmentCompanyTotalReturnBasedonMarketValue
-0.3953 pure
CY2021Q3 SSSS Investment Company Total Return Basedon Market Value
InvestmentCompanyTotalReturnBasedonMarketValue
0.3046 pure
SSSS Investment Company Total Return Basedon Market Value
InvestmentCompanyTotalReturnBasedonMarketValue
-0.6891 pure
SSSS Investment Company Total Return Basedon Market Value
InvestmentCompanyTotalReturnBasedonMarketValue
0.7132 pure
CY2022Q3 us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
-0.1526 pure
CY2021Q3 us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
0.0290 pure
us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
-0.3225 pure
us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
0.3236 pure
CY2022Q3 us-gaap Shares Outstanding
SharesOutstanding
28333661 shares
CY2021Q3 us-gaap Shares Outstanding
SharesOutstanding
28781016 shares
CY2022Q3 us-gaap Shares Outstanding
SharesOutstanding
28333661 shares
CY2021Q3 us-gaap Shares Outstanding
SharesOutstanding
28781016 shares
CY2022Q3 us-gaap Assets Net
AssetsNet
221783611 usd
CY2021Q3 us-gaap Assets Net
AssetsNet
425766489 usd
CY2022Q3 us-gaap Assets Net
AssetsNet
221783611 usd
CY2021Q3 us-gaap Assets Net
AssetsNet
425766489 usd
CY2022Q3 SSSS Average Net Asset
AverageNetAsset
278994914 usd
CY2021Q3 SSSS Average Net Asset
AverageNetAsset
427927307 usd
SSSS Average Net Asset
AverageNetAsset
340160110 usd
SSSS Average Net Asset
AverageNetAsset
389106239 usd
CY2022Q3 us-gaap Investment Company Expense Ratio After Incentive Allocation
InvestmentCompanyExpenseRatioAfterIncentiveAllocation
0.0514 pure
CY2021Q3 us-gaap Investment Company Expense Ratio After Incentive Allocation
InvestmentCompanyExpenseRatioAfterIncentiveAllocation
0.0241 pure
us-gaap Investment Company Expense Ratio After Incentive Allocation
InvestmentCompanyExpenseRatioAfterIncentiveAllocation
0.0489 pure
us-gaap Investment Company Expense Ratio After Incentive Allocation
InvestmentCompanyExpenseRatioAfterIncentiveAllocation
0.0281 pure
CY2022Q3 us-gaap Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
-0.0466 pure
CY2021Q3 us-gaap Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
-0.0192 pure
us-gaap Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
-0.0452 pure
us-gaap Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
-0.0243 pure
CY2022Q3 SSSS Investment Company Turnover Ratio After Incentive Allocation
InvestmentCompanyTurnoverRatioAfterIncentiveAllocation
0.0085 pure
CY2021Q3 SSSS Investment Company Turnover Ratio After Incentive Allocation
InvestmentCompanyTurnoverRatioAfterIncentiveAllocation
0.1003 pure
SSSS Investment Company Turnover Ratio After Incentive Allocation
InvestmentCompanyTurnoverRatioAfterIncentiveAllocation
0.0347 pure
SSSS Investment Company Turnover Ratio After Incentive Allocation
InvestmentCompanyTurnoverRatioAfterIncentiveAllocation
0.2393 pure
CY2022Q3 us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
0
us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
0.11
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.04 pure
us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
(1) 98% of our ordinary income (taking into account certain deferrals and elections) for each calendar year, (2) 98.2% of our capital gain net income (adjusted for certain ordinary losses) for the 1-year period ending October 31 of each such calendar year and (3) any ordinary income and net capital gains for preceding years, but not distributed during such years and on which the Company paid no U.S. federal income tax.
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.04 pure
CY2019Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y6M18D
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3947 pure
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0186 pure
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1155000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.57
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
2.57
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
385000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
6.57
CY2019Q4 SSSS Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Exercisable Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExercisableWeightedAverageGrantDateFairValue
2.57
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1155000 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1155000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
6.57
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
6.57
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageIntrinsicValue
2.57
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageIntrinsicValue
2.57

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