CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Mar. 31, 2026	Mar. 31, 2025
Investment income:
Total interest from portfolio companies	$ 1,182,759	$ 1,677,166
Total interest from other investments	13,801	10,383
Total dividend and other investment income	0	13,125
Total fee income	43,289	307,230
Total investment income	1,239,849	2,007,904
Operating Expenses [Abstract]
Base management fee (see Note 8)	189,695	252,208
Income based incentive fees (see Note 8)	0	119,673
Capital gains incentive fees (see Note 8)	0	(75,000)
Interest expense	29,610	36,486
Professional fees	223,622	208,842
Stockholders and office operating	61,269	90,763
Directors' fees	73,375	63,850
Administrative fees	50,700	48,750
Insurance	9,972	13,162
Corporate development	3,674	6,994
Bad debt expense	0	25,337
Total expenses	641,917	791,065
Net investment income before income taxes:	597,932	1,216,839
Income tax expense (benefit)	52,905	(1,276)
Net investment income	545,027	1,218,115
Net realized gain on sales and dispositions of investments:
Net realized gain on sales and dispositions of investments	1,075,571	925,332
Net change in unrealized appreciation/ depreciation on investments:
Change in unrealized appreciation/depreciation before income taxes	(2,040,116)	(1,298,384)
Deferred income tax (benefit) expense	(52,049)	3,616
Net change in unrealized appreciation/depreciation on investments	(1,988,067)	(1,302,000)
Net realized and unrealized loss on investments	(912,496)	(376,668)
Net (decrease) increase in net assets from operations	$ (367,469)	$ 841,447
Weighted average shares outstanding, Basic	2,969,814	2,869,339
Weighted average shares outstanding, Diluted	2,969,814	2,869,339
Net (decrease) increase in net assets from operations per share, Basic	$ (0.12)	$ 0.29
Net (decrease) increase in net assets from operations per share, Diluted	$ (0.12)	$ 0.29
Control investments
Investment income:
Total interest from portfolio companies	$ 8,896	$ 0
Total fee income	4,516	4,516
Net change in unrealized appreciation/ depreciation on investments:
Change in unrealized appreciation/depreciation before income taxes	0	(875,000)
Affiliate investments
Investment income:
Total interest from portfolio companies	953,175	1,282,859
Total fee income	35,001	131,755
Net realized gain on sales and dispositions of investments:
Net realized gain on sales and dispositions of investments	1,075,571	925,357
Net change in unrealized appreciation/ depreciation on investments:
Change in unrealized appreciation/depreciation before income taxes	(2,040,116)	(423,384)
Non-Control/Non-Affiliate investments
Investment income:
Total interest from portfolio companies	220,688	394,307
Total interest from other investments	13,801	10,383
Total dividend and other investment income	0	13,125
Total fee income	3,772	170,959
Net realized gain on sales and dispositions of investments:
Net realized gain on sales and dispositions of investments	$ 0	$ (25)

RAND CAPITAL CORP 10-Q