2023 Q3 Form 10-Q Financial Statement

#000149315223027374 Filed on August 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue -$2.668M -$3.805M $890.6K
YoY Change -29.95% -527.26% 224.08%
Cost Of Revenue $1.220M $1.214M $1.227M
YoY Change 1.43% -1.02%
Gross Profit $250.0K $158.0K -$336.1K
YoY Change -136.59% -146.99% -222.31%
Gross Profit Margin -37.74%
Selling, General & Admin $2.560M $3.287M $3.035M
YoY Change -2.97% 8.29% 52.2%
% of Gross Profit 1024.0% 2081.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $4.134M $5.178M $3.475M
YoY Change -4.49% 49.01% 49.91%
Operating Profit -$3.884M -$5.020M -$3.811M
YoY Change -22.5% 31.72% 86.53%
Interest Expense $1.215M $1.214M -$90.53M
YoY Change 1.04% -101.34% -355.73%
% of Operating Profit
Other Income/Expense, Net $356.5K $676.4K $439.5K
YoY Change -26.89% 53.89%
Pretax Income $25.19M -$15.62M -$94.34M
YoY Change -154.88% -83.44% -382.82%
Income Tax $90.83K $5.691K
% Of Pretax Income
Net Earnings $25.19M -$15.62M -$94.34M
YoY Change -154.88% -83.44% -382.82%
Net Earnings / Revenue -10592.47%
Basic Earnings Per Share $0.99 -$0.60 -$3.08
Diluted Earnings Per Share $0.99 -$0.60 -$3.080M
COMMON SHARES
Basic Shares Outstanding 25.40M shares 25.34M shares 30.63M shares
Diluted Shares Outstanding 25.35M shares 25.95M shares 30.63M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $73.50M $24.54M $153.0M
YoY Change 85.36% -83.96% 17.63%
Cash & Equivalents $73.50M $24.54M $153.0M
Short-Term Investments
Other Short-Term Assets $700.0K $485.2K $588.5K
YoY Change -21.27% -17.56% -18.25%
Inventory
Prepaid Expenses
Receivables $100.0K $119.6K $156.6K
Other Receivables $300.0K $1.040M $2.061M
Total Short-Term Assets $74.60M $26.19M $155.8M
YoY Change 80.56% -83.19% 17.93%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $213.8M $236.2M $200.1M
YoY Change -16.8% 18.05% -35.33%
Other Assets $600.0K $590.4K $589.8K
YoY Change 4.75% 0.11% 106.35%
Total Long-Term Assets $214.4M $236.8M $200.7M
YoY Change -16.76% 18.0% -35.21%
TOTAL ASSETS
Total Short-Term Assets $74.60M $26.19M $155.8M
Total Long-Term Assets $214.4M $236.8M $200.7M
Total Assets $289.0M $263.0M $356.4M
YoY Change -3.31% -26.23% -19.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.200M $2.511M $2.706M
YoY Change -6.74% -7.19% 27.37%
Accrued Expenses $12.50K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.400M $2.700M $3.068M
YoY Change -10.08% -12.02% 39.14%
LONG-TERM LIABILITIES
Long-Term Debt $73.70M $73.56M $73.21M
YoY Change 0.55% 0.49%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $73.70M $73.56M $73.21M
YoY Change 0.55% 0.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.400M $2.700M $3.068M
Total Long-Term Liabilities $73.70M $73.56M $73.21M
Total Liabilities $77.01M $76.26M $76.27M
YoY Change -0.09% -0.01% 3358.87%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $252.1K $254.0K
YoY Change -11.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $212.0M $186.7M $280.2M
YoY Change
Total Liabilities & Shareholders Equity $289.0M $263.0M $356.4M
YoY Change -3.3% -26.23% -19.32%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $25.19M -$15.62M -$94.34M
YoY Change -154.88% -83.44% -382.82%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $49.70M -$10.07M -$9.560M
YoY Change -149.63% 5.34% -3225.21%
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 -$6.893M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -700.0K -13.50M -10.29M
YoY Change -94.7% 31.14% -71.36%
NET CHANGE
Cash From Operating Activities 49.70M -10.07M -9.560M
Cash From Investing Activities
Cash From Financing Activities -700.0K -13.50M -10.29M
Net Change In Cash 49.00M -23.57M -19.85M
YoY Change -143.24% 18.72% -44.28%
FREE CASH FLOW
Cash From Operating Activities $49.70M -$10.07M -$9.560M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2023Q1 SSSS Investment Company Capital Share Transactions
InvestmentCompanyCapitalShareTransactions
405858 usd
CY2022Q1 SSSS Investment Company Capital Share Transactions
InvestmentCompanyCapitalShareTransactions
-1159727 usd
CY2023Q1 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
5022367 usd
CY2022Q1 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
15854904 usd
CY2023Q1 us-gaap Assets Net
AssetsNet
215043069 usd
CY2022Q1 us-gaap Assets Net
AssetsNet
380701528 usd
CY2023Q2 us-gaap Net Investment Income
NetInvestmentIncome
-3805340 usd
CY2022Q2 us-gaap Net Investment Income
NetInvestmentIncome
-3810888 usd
CY2023Q2 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-13270199 usd
CY2022Q2 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-1966225 usd
CY2023Q2 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
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CY2022Q2 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-88562575 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-15620024 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-94339688 usd
CY2023Q2 SSSS Stock Issued During Period Values Share Based Compensation Gross
StockIssuedDuringPeriodValuesShareBasedCompensationGross
769679 usd
CY2022Q2 SSSS Stock Issued During Period Values Share Based Compensation Gross
StockIssuedDuringPeriodValuesShareBasedCompensationGross
703566 usd
CY2023Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
13500000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
6892934 usd
CY2023Q2 SSSS Investment Company Capital Share Transactions
InvestmentCompanyCapitalShareTransactions
-12730321 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2022Q2 SSSS Investment Company Capital Share Transactions
InvestmentCompanyCapitalShareTransactions
-6189368 usd
CY2023Q2 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
-28350345 usd
CY2022Q2 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
-100529056 usd
CY2023Q2 us-gaap Assets Net
AssetsNet
186692724 usd
CY2022Q2 us-gaap Assets Net
AssetsNet
280172472 usd
CY2022Q4 us-gaap Shares Outstanding
SharesOutstanding
28429499 shares
CY2021Q4 us-gaap Shares Outstanding
SharesOutstanding
31118556 shares
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
17807 shares
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
30859 shares
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
197500 shares
SSSS Stock Repurchased For Capital Share Activity
StockRepurchasedForCapitalShareActivity
-3000000 shares
SSSS Stock Repurchased For Capital Share Activity
StockRepurchasedForCapitalShareActivity
-1008676 shares
CY2023Q2 us-gaap Shares Outstanding
SharesOutstanding
25398640 shares
CY2022Q2 us-gaap Shares Outstanding
SharesOutstanding
30325187 shares
us-gaap Net Income Loss
NetIncomeLoss
-11003515 usd
us-gaap Net Income Loss
NetIncomeLoss
-73883233 usd
SSSS Realized Investment Gain Losses
RealizedInvestmentGainLosses
-13080856 usd
SSSS Realized Investment Gain Losses
RealizedInvestmentGainLosses
1130050 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
10104446 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-66977690 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
142894 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
211033 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1175537 usd
us-gaap Share Based Compensation
ShareBasedCompensation
673550 usd
SSSS Adjustments To Escrow Proceeds Receivable
AdjustmentsToEscrowProceedsReceivable
211918 usd
SSSS Adjustments To Escrow Proceeds Receivable
AdjustmentsToEscrowProceedsReceivable
179134 usd
SSSS Accrued Interest On Us Treasury Bills
AccruedInterestOnUSTreasuryBills
385692 usd
SSSS Purchases Of Portfolio Investments
PurchasesOfPortfolioInvestments
12514713 usd
SSSS Purchases Of Portfolio Investments
PurchasesOfPortfolioInvestments
11008515 usd
SSSS Purchases Of Us Treasury Bills Investments
PurchasesOfUSTreasuryBillsInvestments
141793045 usd
SSSS Proceeds From Sales Or Maturity Of Investments Portfolio Investments
ProceedsFromSalesOrMaturityOfInvestmentsPortfolioInvestments
6257861 usd
SSSS Proceeds From Sales Or Maturity Of Investments Portfolio Investments
ProceedsFromSalesOrMaturityOfInvestmentsPortfolioInvestments
5051279 usd
SSSS Proceeds From Sales Or Maturity Of Investments Us Treasury Bills
ProceedsFromSalesOrMaturityOfInvestmentsUSTreasuryBills
151313976 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-241835 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-349485 usd
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
-19218 usd
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
72982 usd
SSSS Increase Decrease In Proceeds Receivable
IncreaseDecreaseInProceedsReceivable
664470 usd
SSSS Increase Decrease In Proceeds Receivable
IncreaseDecreaseInProceedsReceivable
3450 usd
SSSS Increase Decrease In Escrow Proceeds Receivable
IncreaseDecreaseInEscrowProceedsReceivable
-252367 usd
SSSS Increase Decrease In Escrow Proceeds Receivable
IncreaseDecreaseInEscrowProceedsReceivable
-41626 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1802373 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1830782 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-162500 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1967046 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-10946151 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8252541 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
107823 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
26481943 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1540 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13607823 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-34506128 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-15574869 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-45452279 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
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
24542729 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
152984799 usd
us-gaap Interest Paid Net
InterestPaidNet
2250000 usd
us-gaap Interest Paid Net
InterestPaidNet
2412500 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
530556 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7569 usd
CY2023Q1 SSSS Capital Commitment
CapitalCommitment
1300000 usd
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_805_eus-gaap--NatureOfOperations_zdJVVbDdrz1j" 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_82A_z6tUpGCya5Kh">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 June 30, 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_89F_ecustom--ScheduleOfSubsidiariesOfCompanyTableTextBlock_zIrxiHzAFaja" 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 id="xdx_8B7_ztk06DbWQPzc" 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="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: 48%">GCL</td><td style="width: 2%"> </td> <td id="xdx_982_edei--EntityIncorporationStateCountryCode_c20230101__20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GCLMember_zocTuOwhZlmd" style="width: 16%; text-align: center" title="Jurisdiction of Incorporation">Delaware</td><td style="width: 2%"> </td> <td id="xdx_980_edei--EntityIncorporationDateOfIncorporation_c20230101__20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GCLMember_z14fdLIoOLvh" 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_989_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GCLMember_zweTlYavWhB9" style="width: 12%; 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_98C_edei--EntityIncorporationStateCountryCode_c20230101__20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SuRoCapitalSportsLLCSuRoSportsMember_ztebTyANXOMd" style="text-align: center" title="Jurisdiction of Incorporation">Delaware</td><td> </td> <td id="xdx_986_edei--EntityIncorporationDateOfIncorporation_c20230101__20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SuRoCapitalSportsLLCSuRoSportsMember_z1QxqPGf5a3i" style="text-align: center" title="Formation Date">March 19, 2021</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SuRoCapitalSportsLLCSuRoSportsMember_zNZU7dB149pk" 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_98B_edei--EntityIncorporationStateCountryCode_c20230101__20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCAEHoldingsIncGAEMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_zdLLhJV8fkMf" style="text-align: center" title="Jurisdiction of Incorporation">Delaware</td><td> </td> <td id="xdx_980_edei--EntityIncorporationDateOfIncorporation_c20230101__20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCAEHoldingsIncGAEMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_zp37Wpu0MT99" style="text-align: center" title="Formation Date">November 28, 2012</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCAEHoldingsIncGAEMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_zNIPRUxI6Q4" 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_98D_edei--EntityIncorporationStateCountryCode_c20230101__20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCAVHoldingsIncGAVMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_ztdL170ymGvj" style="text-align: center" title="Jurisdiction of Incorporation">Delaware</td><td> </td> <td id="xdx_98B_edei--EntityIncorporationDateOfIncorporation_c20230101__20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCAVHoldingsIncGAVMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_zB6nEKej5g7j" style="text-align: center" title="Formation Date">November 28, 2012</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCAVHoldingsIncGAVMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_zhSxu3vZG0z1" 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_98C_edei--EntityIncorporationStateCountryCode_c20230101__20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCSWHoldingsIncGSWMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_z4yL0u0SWzY7" style="text-align: center" title="Jurisdiction of Incorporation">Delaware</td><td> </td> <td id="xdx_980_edei--EntityIncorporationDateOfIncorporation_c20230101__20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCSWHoldingsIncGSWMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_z4NGF1vWGW7d" style="text-align: center" title="Formation Date">November 28, 2012</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCSWHoldingsIncGSWMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_zbq6fjLYap8a" 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__20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCSVDSHoldingsIncSVDSMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_zdSe4xO77brk" style="text-align: center" title="Jurisdiction of Incorporation">Delaware</td><td> </td> <td id="xdx_987_edei--EntityIncorporationDateOfIncorporation_c20230101__20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCSVDSHoldingsIncSVDSMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_zF56rKusOXfi" 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_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GSVCSVDSHoldingsIncSVDSMember__srt--ConsolidatedEntitiesAxis__custom--TaxableSubsidiariesMember_z9SSnGx9TXr2" style="text-align: right" title="Percentage Owned">100</td><td style="text-align: left">%</td></tr> </table> <p id="xdx_8A9_zGVLLiOAQSoh" 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"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></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> <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>SURO CAPITAL CORP. AND SUBSIDIARIES</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> </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>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</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>June 30, 2023</b></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>
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84F_eus-gaap--UseOfEstimates_zwelO3Gjg528" 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_868_zimZiC8WYBdi">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>
CY2023Q2 SSSS Escrow Proceeds Receivable
EscrowProceedsReceivable
375965 usd
CY2022Q4 SSSS Escrow Proceeds Receivable
EscrowProceedsReceivable
628332 usd
CY2023Q2 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
590430 usd
CY2022Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
555761 usd
CY2019Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P5Y
CY2023Q2 us-gaap Escrow Deposit
EscrowDeposit
0 usd
CY2022Q4 us-gaap Escrow Deposit
EscrowDeposit
0 usd
CY2023Q2 SSSS Number Of Positions
NumberOfPositions
61
CY2023Q2 SSSS Number Of Portfolio Companies
NumberOfPortfolioCompanies
37
CY2022Q4 SSSS Number Of Positions
NumberOfPositions
64
CY2022Q4 SSSS Number Of Portfolio Companies
NumberOfPortfolioCompanies
39
CY2023Q2 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
160283146 usd
CY2023Q2 SSSS Investment Owned Percent Of Investment Portfolio
InvestmentOwnedPercentOfInvestmentPortfolio
1.000 pure
CY2023Q2 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
0.859 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
CY2023Q2 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
160283146 usd
CY2023Q2 SSSS Investment Owned Percent Of Investment Portfolio
InvestmentOwnedPercentOfInvestmentPortfolio
1.000 pure
CY2023Q2 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
0.859 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
CY2023Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
236178680 usd
CY2022Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
242245395 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
143865093 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
12514714 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
-752629 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-9615023 usd
SSSS Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain And Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainAndLoss
2719694 usd
CY2023Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
148731849 usd
SSSS Fair Value Asset Recurring Basis Still Held Unrealized Gain And Loss Oci
FairValueAssetRecurringBasisStillHeldUnrealizedGainAndLossOci
-8226992 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 Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
8742396 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
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2022Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
855159 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1008676 shares
CY2023Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-15620024 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-94339688 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-11003515 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-73883233 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25952447 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30633878 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27158786 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30929321 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.60
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.41
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.39
CY2023Q2 SSSS Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
-15620024 usd
CY2022Q2 SSSS Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
-94339688 usd
SSSS Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
-11003515 usd
SSSS Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
-73883233 usd
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25952447 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30633878 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27158786 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30929321 shares
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.60
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.41
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.39
us-gaap Lease Expiration Date1
LeaseExpirationDate1
2024-07-31
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
206554 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
288268 usd
CY2023Q2 us-gaap Security Deposit
SecurityDeposit
16574 usd
CY2022Q4 us-gaap Security Deposit
SecurityDeposit
16574 usd
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
50441 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
47349 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
99164 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
94721 usd
CY2023Q2 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P1Y1M6D
CY2023Q2 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.0300 pure
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
96547 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
113603 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
210150 usd
CY2023Q1 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
7.59
CY2022Q1 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
12.22
CY2022Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
7.39
CY2021Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
11.72
CY2023Q2 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.15
CY2022Q2 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.12
us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.30
us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.26
CY2023Q2 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
-0.51
CY2022Q2 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
-0.06
us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
-0.48
us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
0.04
us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
0.11
SSSS Investment Company Issuance Offering Per Share
InvestmentCompanyIssuanceOfferingPerShare
0.01
CY2023Q2 SSSS Investment Company Repurchase Per Share
InvestmentCompanyRepurchasePerShare
0.33
CY2022Q2 SSSS Investment Company Repurchase Per Share
InvestmentCompanyRepurchasePerShare
0.07
SSSS Investment Company Repurchase Per Share
InvestmentCompanyRepurchasePerShare
0.33
SSSS Investment Company Repurchase Per Share
InvestmentCompanyRepurchasePerShare
-0.01
CY2023Q2 SSSS Investment Company Share Based Compensation Arrangement By Share Based Payment
InvestmentCompanyShareBasedCompensationArrangementByShareBasedPayment
0.03
CY2022Q2 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
0.04
SSSS Investment Company Share Based Compensation Arrangement By Share Based Payment
InvestmentCompanyShareBasedCompensationArrangementByShareBasedPayment
0.02
CY2023Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
7.35
CY2022Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
9.24
CY2023Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
7.35
CY2022Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
9.24
CY2023Q2 SSSS Market Value Value Per Share
MarketValueValuePerShare
3.20
CY2022Q2 SSSS Market Value Value Per Share
MarketValueValuePerShare
6.40
CY2023Q2 SSSS Market Value Value Per Share
MarketValueValuePerShare
3.20
CY2022Q2 SSSS Market Value Value Per Share
MarketValueValuePerShare
6.40
CY2023Q2 SSSS Investment Company Total Return Basedon Market Value
InvestmentCompanyTotalReturnBasedonMarketValue
-0.1160 pure
CY2022Q2 SSSS Investment Company Total Return Basedon Market Value
InvestmentCompanyTotalReturnBasedonMarketValue
-0.2584 pure
SSSS Investment Company Total Return Basedon Market Value
InvestmentCompanyTotalReturnBasedonMarketValue
-0.1579 pure
SSSS Investment Company Total Return Basedon Market Value
InvestmentCompanyTotalReturnBasedonMarketValue
-0.4914 pure
CY2023Q2 us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
-0.0316 pure
CY2022Q2 us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
-0.2439 pure
us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
-0.0054 pure
us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
-0.2022 pure
CY2023Q2 us-gaap Shares Outstanding
SharesOutstanding
25398640 shares
CY2022Q2 us-gaap Shares Outstanding
SharesOutstanding
30325187 shares
CY2023Q2 us-gaap Shares Outstanding
SharesOutstanding
25398640 shares
CY2022Q2 us-gaap Shares Outstanding
SharesOutstanding
30325187 shares
CY2023Q2 us-gaap Assets Net
AssetsNet
186692724 usd
CY2022Q2 us-gaap Assets Net
AssetsNet
280172472 usd
CY2023Q2 us-gaap Assets Net
AssetsNet
186692724 usd
CY2022Q2 us-gaap Assets Net
AssetsNet
280172472 usd
CY2023Q2 SSSS Average Net Asset
AverageNetAsset
205097855 usd
CY2022Q2 SSSS Average Net Asset
AverageNetAsset
378428728 usd
SSSS Average Net Asset
AverageNetAsset
207210870 usd
SSSS Average Net Asset
AverageNetAsset
371249600 usd
CY2023Q2 us-gaap Investment Company Expense Ratio After Incentive Allocation
InvestmentCompanyExpenseRatioAfterIncentiveAllocation
0.1013 pure
CY2022Q2 us-gaap Investment Company Expense Ratio After Incentive Allocation
InvestmentCompanyExpenseRatioAfterIncentiveAllocation
0.0424 pure
us-gaap Investment Company Expense Ratio After Incentive Allocation
InvestmentCompanyExpenseRatioAfterIncentiveAllocation
0.1041 pure
us-gaap Investment Company Expense Ratio After Incentive Allocation
InvestmentCompanyExpenseRatioAfterIncentiveAllocation
0.0480 pure
CY2023Q2 us-gaap Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
-0.0744 pure
CY2022Q2 us-gaap Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
-0.0348 pure
us-gaap Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
-0.0781 pure
us-gaap Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
-0.0418 pure
CY2023Q2 SSSS Investment Company Turnover Ratio After Incentive Allocation
InvestmentCompanyTurnoverRatioAfterIncentiveAllocation
0.0209 pure
CY2022Q2 SSSS Investment Company Turnover Ratio After Incentive Allocation
InvestmentCompanyTurnoverRatioAfterIncentiveAllocation
0.0157 pure
SSSS Investment Company Turnover Ratio After Incentive Allocation
InvestmentCompanyTurnoverRatioAfterIncentiveAllocation
0.0389 pure
SSSS Investment Company Turnover Ratio After Incentive Allocation
InvestmentCompanyTurnoverRatioAfterIncentiveAllocation
0.0205 pure
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
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
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
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageIntrinsicValue
2.57
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

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