EQUUS TOTAL RETURN, INC.
For the period ended Mar 31, 2025. Filed May 19, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 19, 2025
EQS$0.65+23.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Cash Flows
| Three months ended March 31, | ||
|---|---|---|
| (in thousands) | 2025 | 2024 |
| Cash flow from operating activities: | ||
| Net increase (decrease) in net assets resulting from operations | $3,943 | $(2,395) |
| Adjustments to reconcile net (decrease) increase in net assets resulting from operations to net cash provided by (used in) operating activities: | ||
| PIK interet payable | 30 | — |
| Transaction costs | 306 | — |
| Net realized loss (gain): | ||
| Control investments | 4,111 | — |
| Other | 155 | — |
| U.S. Treasury Bills | — | (45) |
| Net change in unrealized (appreciation) depreciation of portfolio securities: | ||
| Control investments | (5,111) | 1,350 |
| Non-affiliate investments | (4,208) | — |
| Purchase of portfolio securities | (1,500) | (2,247) |
| Write-off of receivable from portfolio company | (155) | — |
| Net proceeds from dispositions of portfolio securities | 1,250 | — |
| Purchases of U.S. Treasury bills, net | — | (7,970) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable from affiliates | (346) | — |
| Accrued interest receivable | (337) | (283) |
| Other assets | (2) | 200 |
| Accounts payable and accrued liabilities | (49) | (33) |
| Accounts payable to related parties | 318 | 5 |
| Net cash provided used in operating activities | (1,595) | (11,418) |
| Cash flows from financing activities: | ||
| Issuance of notes payable and warrants | 2,000 | — |
| Borrowings under margin account | — | 52,970 |
| Repayments under margin account | — | (44,955) |
| Net cash provided by financing activities | 2,000 | 8,015 |
| Net increase (decrease) in cash and cash equivalents | 405 | (3,403) |
| Cash and cash equivalents and restricted cash at beginning of period | 262 | 6,983 |
| Cash and cash equivalents and restricted cash at end of period | $668 | $3,580 |
| Non-cash operating and financing activities: | ||
| Warrants recognized at a discount | $438 | $— |
| Supplemental disclosure of cash flow information: | ||
| Interest paid in kind on note payable | $29 | $— |
| Income taxes paid | $3 | $14 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.