EX-99.2 3 ex_730251.htm EXHIBIT 99.2

Exhibit 99.2

          Pro Forma Reconciliation to Net Asset Value

 

 

   

Total NAV

    

Shares Outstanding

    

NAV Per Share

  

NAV - 6/30/23

   $ 29,866,456       1,482,680     $ 20.14  
                         

Board Retention Bonus @ June 30,2023

     3,695,600       91,628          

Amendment 5 increased employee bonus

     (110,705 )                

Proforma NAV

   $ 33,451,351       1,574,308     $ 21.25  

 

 

 

 

   

Total NAV

    

Shares Outstanding

    

NAV Per Share

  

NAV 12/31/22

   $ 30,367,499       1,482,680     $ 20.48  

RBP @ 12/31/22

     5,685,539                  

Amendment #5 RBP

     (4,802,928 )                
                         

Restricted Stock Plan

     2,702,285       91,628          
                         

Rights Offering

     4,418,380       625,000          

Proforma NAV 12/31/22

   $ 38,370,775       2,199,308     $ 17.45