2023 Q2 Form 10-Q Financial Statement

#000149315223016116 Filed on May 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue -$3.805M -$4.222M $583.1K
YoY Change -527.26% -824.02% 101.07%
Cost Of Revenue $1.214M $1.213M $1.201M
YoY Change -1.02% 1.04% 140.16%
Gross Profit $158.0K $85.79K -$617.7K
YoY Change -146.99% -113.89% 194.14%
Gross Profit Margin -105.93%
Selling, General & Admin $3.287M $3.818M $3.296M
YoY Change 8.29% 15.83% 38.49%
% of Gross Profit 2081.0% 4450.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $5.178M $5.521M $3.607M
YoY Change 49.01% 53.06% 37.15%
Operating Profit -$5.020M -$5.435M -$4.225M
YoY Change 31.72% 28.65% 48.76%
Interest Expense $1.214M $1.213M $24.68M
YoY Change -101.34% -95.08% -77.73%
% of Operating Profit
Other Income/Expense, Net $676.4K $489.6K $311.0K
YoY Change 53.89% 57.44%
Pretax Income -$15.62M $4.617M $20.46M
YoY Change -83.44% -77.43% -81.06%
Income Tax $90.83K $529.8K $2.050K
% Of Pretax Income 11.48% 0.01%
Net Earnings -$15.62M $4.617M $20.46M
YoY Change -83.44% -77.43% -81.06%
Net Earnings / Revenue 3508.23%
Basic Earnings Per Share -$0.60 $0.16 $0.66
Diluted Earnings Per Share -$0.60 $0.16 $655.1K
COMMON SHARES
Basic Shares Outstanding 25.34M shares 28.34M shares 31.23M shares
Diluted Shares Outstanding 25.95M shares 28.38M shares 31.23M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.54M $48.11M $172.8M
YoY Change -83.96% -72.16% 4.31%
Cash & Equivalents $24.54M $48.11M $172.8M
Short-Term Investments
Other Short-Term Assets $485.2K $654.2K $790.2K
YoY Change -17.56% -17.21% -12.2%
Inventory
Prepaid Expenses
Receivables $119.6K $105.0K $87.82K
Other Receivables $1.040M $609.7K $4.578M
Total Short-Term Assets $26.19M $49.48M $178.3M
YoY Change -83.19% -72.25% 6.44%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $236.2M $241.1M $280.8M
YoY Change 18.05% -14.14% 1.8%
Other Assets $590.4K $539.1K $606.6K
YoY Change 0.11% -11.13% 102.2%
Total Long-Term Assets $236.8M $241.6M $281.4M
YoY Change 18.0% -14.13% 1.88%
TOTAL ASSETS
Total Short-Term Assets $26.19M $49.48M $178.3M
Total Long-Term Assets $236.8M $241.6M $281.4M
Total Assets $263.0M $291.1M $459.7M
YoY Change -26.23% -36.67% 3.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.511M $2.390M $1.649M
YoY Change -7.19% 44.89% 3.09%
Accrued Expenses $0.00
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $460.1K
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.700M $2.578M $5.860M
YoY Change -12.02% -56.01% -23.89%
LONG-TERM LIABILITIES
Long-Term Debt $73.56M $73.48M $73.12M
YoY Change 0.49% 0.49%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $73.56M $73.48M $73.12M
YoY Change 0.49% 0.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.700M $2.578M $5.860M
Total Long-Term Liabilities $73.56M $73.48M $73.12M
Total Liabilities $76.26M $76.05M $78.98M
YoY Change -0.01% -3.7% 925.69%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $254.0K $283.4K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $186.7M $215.0M $380.7M
YoY Change
Total Liabilities & Shareholders Equity $263.0M $291.1M $459.7M
YoY Change -26.23% -36.67% 3.6%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$15.62M $4.617M $20.46M
YoY Change -83.44% -77.43% -81.06%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$10.07M $8.104M -$1.386M
YoY Change 5.34% -684.77% -101.07%
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 $107.8K $23.08M
YoY Change -99.53%
Common Stock Issuance & Retirement, Net -$1.130M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.50M -$107.8K -24.21M
YoY Change 31.14% -99.55% 149.61%
NET CHANGE
Cash From Operating Activities -10.07M $8.104M -1.386M
Cash From Investing Activities
Cash From Financing Activities -13.50M -$107.8K -24.21M
Net Change In Cash -23.57M $7.996M -25.60M
YoY Change 18.72% -131.24% -121.35%
FREE CASH FLOW
Cash From Operating Activities -$10.07M $8.104M -$1.386M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2022Q1 us-gaap Shares Outstanding
SharesOutstanding
31164443 shares
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
4616509 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
20456455 usd
CY2023Q1 SSSS Realized Investment Gain Losses
RealizedInvestmentGainLosses
189343 usd
CY2022Q1 SSSS Realized Investment Gain Losses
RealizedInvestmentGainLosses
3096275 usd
CY2023Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
8648931 usd
CY2022Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
21584885 usd
CY2023Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
104936 usd
CY2022Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
104940 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
405858 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
-30016 usd
CY2023Q1 SSSS Purchases Of Us Treasury Bills Investments
PurchasesOfUSTreasuryBillsInvestments
35497676 usd
CY2023Q1 SSSS Adjustments To Escrow Proceeds Receivable
AdjustmentsToEscrowProceedsReceivable
108394 usd
CY2022Q1 SSSS Adjustments To Escrow Proceeds Receivable
AdjustmentsToEscrowProceedsReceivable
2751610 usd
CY2023Q1 SSSS Accrued Interest On Us Treasury Bills
AccruedInterestOnUSTreasuryBills
458580 usd
CY2023Q1 SSSS Purchases Of Portfolio Investments
PurchasesOfPortfolioInvestments
2003698 usd
CY2023Q1 SSSS Proceeds From Sales Or Maturity Of Investments Portfolio Investments
ProceedsFromSalesOrMaturityOfInvestmentsPortfolioInvestments
2860159 usd
CY2022Q1 SSSS Proceeds From Sales Or Maturity Of Investments Portfolio Investments
ProceedsFromSalesOrMaturityOfInvestmentsPortfolioInvestments
1287722 usd
CY2023Q1 SSSS Proceeds From Sales Or Maturity Of Investments Us Treasury Bills
ProceedsFromSalesOrMaturityOfInvestmentsUSTreasuryBills
45000118 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-72804 usd
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-147773 usd
CY2023Q1 us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
-33758 usd
CY2022Q1 us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
4160 usd
CY2022Q1 SSSS Increase Decrease In Proceeds Receivable
IncreaseDecreaseInProceedsReceivable
-52493 usd
CY2023Q1 SSSS Increase Decrease In Escrow Proceeds Receivable
IncreaseDecreaseInEscrowProceedsReceivable
-18647 usd
CY2022Q1 SSSS Increase Decrease In Escrow Proceeds Receivable
IncreaseDecreaseInEscrowProceedsReceivable
2530873 usd
CY2022Q1 SSSS Increase Decrease In Payable For Securities Purchased
IncreaseDecreaseInPayableForSecuritiesPurchased
460048 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1680946 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
774341 usd
CY2022Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-175000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8103901 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1385827 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
229896 usd
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1359607 usd
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
107823 usd
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
23080859 usd
CY2022Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1540 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-107823 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-24212110 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7996078 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-25597937 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
40117598 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
198437078 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
48113676 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
172839141 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
1125000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
1287500 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4314 usd
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2050 usd
CY2023Q1 SSSS Capital Commitment
CapitalCommitment
1300000 usd
CY2023Q1 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80A_eus-gaap--NatureOfOperations_zN0ibS10dlqg" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1—<span id="xdx_826_z4mTUV7IG4Hd">NATURE OF OPERATIONS</span> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><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: 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><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: 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The table below displays the Company’s subsidiaries as of March 31, 2023, 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_896_ecustom--ScheduleOfSubsidiariesOfCompanyTableTextBlock_zWNcPb4NE788" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span style="display: none"><span id="xdx_8B6_zWYPpPC1QY1l">SCHEDULE OF COMPANY’S SUBSIDIARIES</span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold">Subsidiary</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; 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: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Incorporation</b></span></p></td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; 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: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Date</b></span></p></td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Owned</b></span></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">GCL</td><td style="width: 2%"> </td> <td id="xdx_985_edei--EntityIncorporationStateCountryCode_c20230101__20230331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GCLMember_zFJkjMVpdK48" style="width: 14%; text-align: center" title="Jurisdiction of Incorporation">Delaware</td><td style="width: 2%"> </td> <td id="xdx_989_edei--EntityIncorporationDateOfIncorporation_c20230101__20230331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GCLMember_zh8aIixkmnvj" style="width: 16%; text-align: center" title="Formation Date">April 13, 2012</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20230331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GCLMember_zuJDkJiSbLl7" style="width: 16%; text-align: right" title="Percentage Owned">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">SuRo Capital Sports, LLC (“SuRo Sports”)</td><td> </td> <td id="xdx_988_edei--EntityIncorporationStateCountryCode_c20230101__20230331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SuRoCapitalSportsLLCSuRoSportsMember_zpvtMZ1dqveb" style="text-align: center" title="Jurisdiction of Incorporation">Delaware</td><td> </td> <td id="xdx_98E_edei--EntityIncorporationDateOfIncorporation_c20230101__20230331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SuRoCapitalSportsLLCSuRoSportsMember_z8ztVL6KLC91" style="text-align: center" title="Formation Date">March 19, 2021</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20230331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SuRoCapitalSportsLLCSuRoSportsMember_zYWWTx0VKL47" style="text-align: right" title="Percentage Owned">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Subsidiaries below are referred to collectively, as the “Taxable Subsidiaries”</td><td> </td> <td> </td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">GSVC AE Holdings, Inc. (“GAE”)</td><td> </td> <td id="xdx_987_edei--EntityIncorporationStateCountryCode_c20230101__20230331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCAEHoldingsIncGAEMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_zJZMBuZuo2He" style="text-align: center" title="Jurisdiction of Incorporation">Delaware</td><td> </td> <td id="xdx_983_edei--EntityIncorporationDateOfIncorporation_c20230101__20230331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCAEHoldingsIncGAEMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_zOQ15h7WVwOd" style="text-align: center" title="Formation Date">November 28, 2012</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20230331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCAEHoldingsIncGAEMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_zvEvrN9iOt01" style="text-align: right" title="Percentage Owned">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">GSVC AV Holdings, Inc. (“GAV”)</td><td> </td> <td id="xdx_982_edei--EntityIncorporationStateCountryCode_c20230101__20230331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCAVHoldingsIncGAVMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_zKRs2sygJ3lk" style="text-align: center" title="Jurisdiction of Incorporation">Delaware</td><td> </td> <td id="xdx_98C_edei--EntityIncorporationDateOfIncorporation_c20230101__20230331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCAVHoldingsIncGAVMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_z2WJ5hs8Zo88" style="text-align: center" title="Formation Date">November 28, 2012</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20230331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCAVHoldingsIncGAVMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_zwQRkbiF6QOg" style="text-align: right" title="Percentage Owned">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">GSVC SW Holdings, Inc. (“GSW”)</td><td> </td> <td id="xdx_980_edei--EntityIncorporationStateCountryCode_c20230101__20230331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCSWHoldingsIncGSWMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_zxjnrZaKYjgi" style="text-align: center" title="Jurisdiction of Incorporation">Delaware</td><td> </td> <td id="xdx_988_edei--EntityIncorporationDateOfIncorporation_c20230101__20230331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCSWHoldingsIncGSWMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_zRVt0Z38Juyi" style="text-align: center" title="Formation Date">November 28, 2012</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20230331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCSWHoldingsIncGSWMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_zTXzfh1PVwse" style="text-align: right" title="Percentage Owned">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">GSVC SVDS Holdings, Inc. (“SVDS”)</td><td> </td> <td id="xdx_98A_edei--EntityIncorporationStateCountryCode_c20230101__20230331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCSVDSHoldingsIncSVDSMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_zJUHM0Kka9tk" style="text-align: center" title="Jurisdiction of Incorporation">Delaware</td><td> </td> <td id="xdx_981_edei--EntityIncorporationDateOfIncorporation_c20230101__20230331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCSVDSHoldingsIncSVDSMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_zV5JFksVSrPl" style="text-align: center" title="Formation Date">August 13, 2013</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20230331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCSVDSHoldingsIncSVDSMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_znVCsdkfOTh9" style="text-align: right" title="Percentage Owned">100</td><td style="text-align: left">%</td></tr> </table> <p id="xdx_8AE_zCSwFL4Vwabg" style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify; text-indent: 0.25in"><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: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><b>SURO CAPITAL CORP. AND SUBSIDIARIES</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><b>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><b>March 31, 2023</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84F_eus-gaap--UseOfEstimates_zog9TK3KfVKb" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86D_zNvlFyZ4dNjl">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
CY2023Q1 SSSS Escrow Proceeds Receivable
EscrowProceedsReceivable
609685 usd
CY2022Q4 SSSS Escrow Proceeds Receivable
EscrowProceedsReceivable
628332 usd
CY2023Q1 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
539120 usd
CY2022Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
555761 usd
CY2019Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P5Y
CY2023Q1 us-gaap Escrow Deposit
EscrowDeposit
0 usd
CY2022Q4 us-gaap Escrow Deposit
EscrowDeposit
0 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
8742396 usd
CY2023Q1 SSSS Number Of Positions
NumberOfPositions
64
CY2023Q1 SSSS Number Of Portfolio Companies
NumberOfPortfolioCompanies
37
CY2022Q4 SSSS Number Of Positions
NumberOfPositions
64
CY2022Q4 SSSS Number Of Portfolio Companies
NumberOfPortfolioCompanies
39
CY2023Q1 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
165088040 usd
CY2023Q1 SSSS Investment Owned Percent Of Investment Portfolio
InvestmentOwnedPercentOfInvestmentPortfolio
1.000 pure
CY2023Q1 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
0.768 pure
CY2022Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
157188578 usd
CY2022Q4 SSSS Investment Owned Percent Of Investment Portfolio
InvestmentOwnedPercentOfInvestmentPortfolio
1.000 pure
CY2022Q4 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
0.748 pure
CY2023Q1 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
165088040 usd
CY2022Q4 SSSS Investment Owned Percent Of Investment Portfolio
InvestmentOwnedPercentOfInvestmentPortfolio
1.000 pure
CY2023Q1 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
0.768 pure
CY2022Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
157188578 usd
CY2022Q4 SSSS Investment Owned Percent Of Investment Portfolio
InvestmentOwnedPercentOfInvestmentPortfolio
1.000 pure
CY2022Q4 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
0.748 pure
CY2023Q1 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
241074952 usd
CY2022Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
242245395 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
143865093 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
2003698 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
-250000 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
1330000 usd
CY2023Q1 SSSS Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain And Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainAndLoss
6604361 usd
CY2023Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
153553152 usd
CY2023Q1 SSSS Fair Value Asset Recurring Basis Still Held Unrealized Gain And Loss Oci
FairValueAssetRecurringBasisStillHeldUnrealizedGainAndLossOci
6602698 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
214632504 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
214632504 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
22780064 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
-1874470 usd
CY2022 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
90586 usd
CY2022 SSSS Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain And Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainAndLoss
-83021195 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
143865093 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
143865093 usd
CY2022 SSSS Fair Value Asset Recurring Basis Still Held Unrealized Gain And Loss Oci
FairValueAssetRecurringBasisStillHeldUnrealizedGainAndLossOci
-70818192 usd
CY2023Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2022Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
153517 shares
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
4616509 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
20456455 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28378529 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31228046 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2023Q1 SSSS Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
4616509 usd
CY2022Q1 SSSS Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
20456455 usd
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28378529 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31228046 shares
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
CY2023Q1 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2024-07-31
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
252135 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
288268 usd
CY2023Q1 us-gaap Security Deposit
SecurityDeposit
16574 usd
CY2022Q4 us-gaap Security Deposit
SecurityDeposit
16574 usd
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
48723 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
47332 usd
CY2023Q1 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P1Y3M18D
CY2023Q1 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.0300 pure
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
143883 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
113603 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
257486 usd
CY2022Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
7.39
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
CY2021Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
11.72
CY2023Q1 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.15
CY2022Q1 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.14
CY2023Q1 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
0.01
CY2022Q1 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
0.10
CY2023Q1 SSSS Investment Company Unrealized Investment Income Loss From Operations Per Share
InvestmentCompanyUnrealizedInvestmentIncomeLossFromOperationsPerShare
0.30
CY2022Q1 SSSS Investment Company Unrealized Investment Income Loss From Operations Per Share
InvestmentCompanyUnrealizedInvestmentIncomeLossFromOperationsPerShare
0.69
CY2022Q1 us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
-0.11
CY2022Q1 SSSS Investment Company Issuance Offering Per Share
InvestmentCompanyIssuanceOfferingPerShare
0.01
CY2022Q1 SSSS Investment Company Repurchase Per Share
InvestmentCompanyRepurchasePerShare
-0.06
CY2023Q1 SSSS Investment Company Share Based Compensation Arrangement By Share Based Payment
InvestmentCompanyShareBasedCompensationArrangementByShareBasedPayment
0.04
CY2022Q1 SSSS Investment Company Share Based Compensation Arrangement By Share Based Payment
InvestmentCompanyShareBasedCompensationArrangementByShareBasedPayment
0.01
CY2023Q1 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
7.59
CY2022Q1 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
12.22
CY2023Q1 SSSS Market Value Value Per Share
MarketValueValuePerShare
3.62
CY2022Q1 SSSS Market Value Value Per Share
MarketValueValuePerShare
8.63
CY2023Q1 SSSS Investment Company Total Return Basedon Market Value
InvestmentCompanyTotalReturnBasedonMarketValue
-0.0474 pure
CY2022Q1 SSSS Investment Company Total Return Basedon Market Value
InvestmentCompanyTotalReturnBasedonMarketValue
-0.3172 pure
CY2023Q1 us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
0.0271 pure
CY2022Q1 us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
0.0503 pure
CY2023Q1 us-gaap Shares Outstanding
SharesOutstanding
28338580 shares
CY2022Q1 us-gaap Shares Outstanding
SharesOutstanding
31164443 shares
CY2023Q1 us-gaap Assets Net
AssetsNet
215043069 usd
CY2022Q1 us-gaap Assets Net
AssetsNet
380701527 usd
CY2023Q1 SSSS Average Net Asset
AverageNetAsset
209347362 usd
CY2022Q1 SSSS Average Net Asset
AverageNetAsset
364015960 usd
CY2023Q1 us-gaap Investment Company Expense Ratio After Incentive Allocation
InvestmentCompanyExpenseRatioAfterIncentiveAllocation
0.1070 pure
CY2022Q1 us-gaap Investment Company Expense Ratio After Incentive Allocation
InvestmentCompanyExpenseRatioAfterIncentiveAllocation
0.0539 pure
CY2023Q1 us-gaap Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
-0.0818 pure
CY2022Q1 us-gaap Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
-0.0473 pure
CY2023Q1 SSSS Investment Company Turnover Ratio After Incentive Allocation
InvestmentCompanyTurnoverRatioAfterIncentiveAllocation
0.0124 pure
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.04 pure
CY2023Q1 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
CY2023Q1 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
CY2023Q1 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 Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
6.57
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageIntrinsicValue
2.57
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageIntrinsicValue
2.57
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
3000000 shares
CY2023Q1 us-gaap Share Price
SharePrice
0.10
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
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1155000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1155000 shares
CY2023Q1 us-gaap Stock Repurchase Program Expiration Date
StockRepurchaseProgramExpirationDate
2023-04-17
CY2023Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
3000000 shares
CY2023Q1 SSSS Percentage Of Outstanding Shares
PercentageOfOutstandingShares
0.106 pure

Files In Submission

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ssss-20230331_cal.xml Edgar Link unprocessable
ssss-20230331_def.xml Edgar Link unprocessable
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ex31-1.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
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form10-q_htm.xml Edgar Link completed
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ssss-20230331.xsd Edgar Link pending
ssss-20230331_lab.xml Edgar Link unprocessable
ssss-20230331_pre.xml Edgar Link unprocessable