EQUUS TOTAL RETURN, INC.

For the period ended Mar 31, 2025. Filed May 19, 2025.

About this filing

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$0.53-17.2%Stored close · as of Nov 9, 2026

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Contents

Condensed Statements of Operations

	Three Months Ended March 31,
(in thousands, except per share amounts)	2025	2024
Investment income:
Control investments	$315	$283
Non-affiliate investments	22	—
Total investment income	337	283
Interest income	1	—
Total investment income	338	283
Expenses:
Compensation expense	570	428
Professional fees	353	567
Transaction costs	307	—
Professional liability expenses	50	150
Director fees and expenses	77	84
General and administrative expenses	48	33
Mailing, printing and other expenses	11	65
Taxes	3	14
Interest expense	29	32
Total expenses	1,448	1,373
Net investment loss	(1,110)	(1,090)
Net realized (loss) gain:
Control investments	(4,111)	—
Other	(155)	—
U.S. Treasury Bills	—	45
Net realized (loss) gain	(4,266)	45
Net unrealized appreciation (depreciation) of portfolio securities:
Control investments	5,111	(1,350)
Non-affiliate investments	4,208	—
Net change in net unrealized appreciation (depreciation) of portfolio securities	9,319	(1,350)
Net increase (decrease) in net assets resulting from operations	$3,943	$(2,395)
Net increase (decrease) in net assets resulting from operations per share:
Basic	$0.30	$(0.17)
Diluted	$0.25	$(0.17)
Weighted average shares outstanding:
Basic	13,586	13,586
Diluted	15,549	13,586

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.