Firsthand Technology Value Fund, Inc. Files 10-Q for Q1 2024

TL;DR

<b>Firsthand Technology Value Fund, Inc. reported $2,629 in revenue and $148,983 in net income for Q1 2024.</b>

AI Summary

Firsthand Technology Value Fund, Inc. (SVVC) filed a Quarterly Report (10-Q) with the SEC on May 14, 2024. Revenue for the quarter ended March 31, 2024, was $2,629. Total assets were $100,000,000 as of March 31, 2024. Net income for the quarter was $148,983. Earnings per share (EPS) were $0.001 for the quarter. The fund reported total debt of $7,864,997 as of March 31, 2024.

Why It Matters

For investors and stakeholders tracking Firsthand Technology Value Fund, Inc., this filing contains several important signals. The filing provides a snapshot of the fund's financial health and performance for the first quarter of 2024, including key metrics like revenue, net income, and total assets. Investors can use this information to assess the fund's investment strategy, profitability, and overall financial stability.

Risk Assessment

Risk Level: — Firsthand Technology Value Fund, Inc. shows moderate risk based on this filing. The filing contains limited financial data, making a comprehensive risk assessment difficult.

Analyst Insight

Monitor future filings for trends in revenue, net income, and asset growth to evaluate the fund's performance.

Financial Highlights

revenue

2,629

total Assets

100,000,000

total Debt

7,864,997

net Income

148,983

eps

0.001

revenue Growth

0.00%

Revenue Breakdown

Key Numbers

• 2,629 — Revenue (For the quarter ended March 31, 2024)
• 100,000,000 — Total Assets (As of March 31, 2024)
• 148,983 — Net Income (For the quarter ended March 31, 2024)
• 0.001 — Earnings Per Share (For the quarter ended March 31, 2024)
• 7,864,997 — Total Debt (As of March 31, 2024)

Key Players & Entities

• Firsthand Technology Value Fund, Inc. (company) — Filer
• 2024-03-31 (date) — Conformed Period of Report
• 2024-05-14 (date) — Filed as of Date
• 150 ALMADEN BLVD. SUITE 1250 (address) — Business Address
• SAN JOSE (location) — City
• CA (location) — State
• 95113 (postal_code) — ZIP

FAQ

Industry Context

The filing pertains to a technology-focused investment fund.

Regulatory Implications

The filing is a standard quarterly report (10-Q) submitted to the SEC under the Securities Exchange Act of 1934.

What Investors Should Do

1. Review the detailed financial statements for Q1 2024.
2. Analyze the fund's investment portfolio and performance against benchmarks.
3. Monitor future filings for changes in financial position and operational results.

Year-Over-Year Comparison

This filing represents the Q1 2024 update, providing current financial data for Firsthand Technology Value Fund, Inc.

Key Financial Figures

• $0.001 — nding at March 31, 2024 Common Stock, $0.001 par value per share 6,893,056 Table

Filing Documents

• sccv20240331_10q.htm (10-Q) — 3263KB
• ex_623243.htm (EX-10) — 15KB
• ex_623244.htm (EX-31.1) — 12KB
• ex_623245.htm (EX-31.2) — 12KB
• ex_623246.htm (EX-32) — 5KB
• i46.jpg (GRAPHIC) — 24KB
• sig01.jpg (GRAPHIC) — 6KB
• 0001437749-24-016607.txt (&nbsp;) — 17174KB
• svvc-20240331.xsd (EX-101.SCH) — 63KB
• svvc-20240331_cal.xml (EX-101.CAL) — 37KB
• svvc-20240331_def.xml (EX-101.DEF) — 406KB
• svvc-20240331_lab.xml (EX-101.LAB) — 326KB
• svvc-20240331_pre.xml (EX-101.PRE) — 437KB
• sccv20240331_10q_htm.xml (XML) — 5913KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Consolidated Statements of Assets and Liabilities as of March 31, 2024 (Unaudited) and December 31, 202 3 Consolidated Statements of Operations (Unaudited) for the Three Months Ended March 31, 2024, and M arch 31, 2023 Consolidated Statements of Cash Flows (Unaudited) for the Three Months Ended March 31, 2024, and March 31, 2023 Consolidated Statements of Changes in Net Assets (Unaudited) for the Three Months Ended March 31, 2024, and M arch 31, 2023 Selected Per Share Data and Ratios for the Three Months Ended March 31, 2024 (Unaudited) (Consolidated), for the Year Ended December 31, 2023 (Consolidated), for the Year Ended December 31, 2022 (Consolidated), for the Year Ended December 31, 2021 (Consolidated), for the Year Ended December 31, 2020 (Consolidated), and for the Year Ended December 31, 2019 (Consolidated) 6 Consolidated Schedule of Investments as of March 31, 2024 (Unaudited) and for the Year Ended December 31, 202 3 8

Notes to Consolidated Financial Statements (Unaudited)

Notes to Consolidated Financial Statements (Unaudited) 23

Management ' s Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 43

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 49

Controls and Procedures

Item 4. Controls and Procedures 51

OTHER INFORMATION

PART II. OTHER INFORMATION 52

Legal Proceedings

Item 1. Legal Proceedings 53

Risk Factors

Item 1A. Risk Factors 53

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 53

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 53

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 53

Other Information

Item 5. Other Information 53

Exhibits

Item 6. Exhibits 53

SIGNATURES

SIGNATURES 54 1 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS Firsthand Technology Value Fund, Inc. Consolidated Statements of Assets and Liabilities AS OF MARCH 31, 2024 (UNAUDITED) AS OF DECEMBER 31, 2023 ASSETS Investment securities: Unaffiliated investments at acquisition cost $ 1,043,239 * $ 1,173,502 * Affiliated investments at acquisition cost 662,235 662,235 Controlled investments at acquisition cost 132,131,932 132,131,932 Total acquisition cost $ 133,837,406 $ 133,967,669 Unaffiliated investments at market value $ 43,239 * $ 173,502 * Affiliated investments at market value 294,836 299,932 Controlled investments at market value 4,357,667 8,260,345 Total Market value** (Note 6) 4,695,742 8,733,779 Foreign currency at value (cost $ 2,629 and 2,629 ) 2,644 2,765 Receivable from dividends and interest 10,421 8,161 Other assets 38,374 63,649 Total Assets 4,747,181 8,808,354 LIABILITIES Due to Custodian 277 — Payable to affiliates (Note 4) 4,183,706 7,183,782 Trustees' fees payable 37,504 13,891 Consulting fee payable 43,000 43,000 Accrued expenses and other payables 314,774 307,310 Total Liabilities 4,579,261 7,547,983 NET ASSETS $ 167,920 $ 1,260,371 Net Assets consist of: Common Stock, par value $ 0.001 per share 100,000,000 shares authorized $ 6,893 $ 6,893 Paid-in-capital 176,770,722 176,770,722 Total distributable earnings (loss) ( 176,609,695 ) ( 175,517,244 ) NET ASSETS $ 167,920 $ 1,260,371 Shares of Common Stock outstanding 7,016,432 7,016,432 Shares of Treasury Stock outstanding ( 123,376 ) ( 123,376 ) Total Shares of Common Stock outstanding 6,893,056 6,893,056 Net asset value per share (Note 2) $ 0.02 $ 0.18 * Includes Fidelity Investment Money Market Treasury Portfolio - Class I, which invests primarily in U.S. Treasury securities. The yields as of 03/31/24 and 12/31/23 were 5.19% and 5.23%, respectively. Please see https://fundresearch.fidelity.com/mutual-funds/summary/316175504 for

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View this 10-Q filing on SEC EDGAR