CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Mar. 31, 2025	Mar. 31, 2024
Investment income:
Total interest from portfolio companies	$ 1,677,166	$ 1,813,648
Total interest from other investments	10,383	1,914
Total dividend and other investment income	13,125	151,835
Total fee income	307,230	99,822
Total investment income	2,007,904	2,067,219
Operating Expenses [Abstract]
Base management fee (see Note 8)	252,208	302,595
Income based incentive fees (see Note 8)	119,673
Capital gains incentive fees (see Note 8)	(75,000)	112,300
Interest expense	36,486	390,020
Professional fees	208,842	232,307
Stockholders and office operating	90,763	69,028
Directors' fees	63,850	63,850
Administrative fees	48,750	38,167
Insurance	13,162	13,044
Corporate development	6,994	5,545
Bad debt expense	25,337
Total expenses	791,065	1,226,856
Net investment income before income taxes:	1,216,839	840,363
Income tax (benefit) expense	(1,276)	778
Net investment income	1,218,115	839,585
Net realized gain on sales and dispositions of investments:
Net realized gain on sales and dispositions of investments	925,332	3,450,092
Net change in unrealized appreciation/ depreciation on investments:
Change in unrealized appreciation/depreciation before income taxes	(1,298,384)	(2,890,296)
Deferred income tax expense	3,616
Net change in unrealized appreciation/depreciation on investments	(1,302,000)	(2,890,296)
Net realized and unrealized (loss) gain on investments	(376,668)	559,796
Net increase in net assets from operations	$ 841,447	$ 1,399,381
Weighted average shares outstanding, Basic	2,869,339	2,581,021
Weighted average shares outstanding, Diluted	2,869,339	2,581,021
Net increase in net assets from operations per share, Basic	$ 0.29	$ 0.54
Net increase in net assets from operations per share, Diluted	$ 0.29	$ 0.54
Control investments
Investment income:
Total interest from portfolio companies	$ 0	$ 187,483
Total fee income	4,516	4,516
Net change in unrealized appreciation/ depreciation on investments:
Change in unrealized appreciation/depreciation before income taxes	(875,000)
Affiliate investments
Investment income:
Total interest from portfolio companies	1,282,859	1,166,085
Total dividend and other investment income	13,125	13,125
Total fee income	131,755	73,720
Net realized gain on sales and dispositions of investments:
Net realized gain on sales and dispositions of investments	925,357
Net change in unrealized appreciation/ depreciation on investments:
Change in unrealized appreciation/depreciation before income taxes	(423,384)	(100,000)
Non-Control/Non-Affiliate investments
Investment income:
Total interest from portfolio companies	394,307	460,080
Total interest from other investments	10,383	1,914
Total dividend and other investment income	0	138,710
Total fee income	170,959	21,586
Net realized gain on sales and dispositions of investments:
Net realized gain on sales and dispositions of investments	(25)	3,450,092
Net change in unrealized appreciation/ depreciation on investments:
Change in unrealized appreciation/depreciation before income taxes	$ 0	$ (2,790,296)

RAND CAPITAL CORP 10-Q