Equus Total Return Inc 2025年季度报告

FORM 10-Q/AAmendment No. 1 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch 31, 2024 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period to Commission File Number814-00098 EQUUS TOTAL RETURN, INC. (Exact name of registrant as specified in its charter) 76-0345915(I.R.S. EmployerIdentification No.) 77002(Zip Code) (Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report) Registrant’s telephone number, including area code: (713) 529-0900 Securities registered pursuant to Section 12(b) of the Act: Name of each exchangeon which registeredNew York Stock Exchange ☐Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports) and (2) has been subject to such filing requirements for the past 90 days. Yes☒No ☐Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorterperiod that the registrant was required to submit such files). Yes☐No☐ ☐Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. Seedefinition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. Large acceleratedfiler☐Accelerated filer☐Non-accelerated filer☒Smaller ReportingCompany☐Emerging GrowthCompany ☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐Indicate by check mark whether the registrant is a shell company. Yes☐No☒ There were 13,586,173 shares of the registrant’s common stock, $.001 par value, outstanding, as of March 31, 2024. EXPLANATORY NOTE Equus Total Return, Inc. (“Equus” or the “Company”) is filing this Amendment No. 1 on Form 10-Q/A (“Amended 10-Q”)which supersedes and replaces in its entirety the Company’s Quarterly Report on Form 10-Q filed with the Securities and ExchangeCommission onMay 15, 2024 (“Original Filing”). The sole purpose of this Amended 10-Q is to provide the required Inline XBRL tagging, which was inadvertently omittedfrom the Original Filing.No other changes to the Original Filing have been made. This Amended 10-Q does not reflect events occurring after the Original Filing except as noted above.This Amended 10-Qcontinues to speak as of the date of the Original Filing and the Company has not otherwise updated disclosures contained therein orherein to reflect events that occurred at a later date. EQUUS TOTAL RETURN, INC.(A Delaware Corporation)INDEX PagePART I. FINANCIAL INFORMATION4Item 1. Unaudited Condensed Financial Statements4Condensed Balance Sheets4Condensed Statements of Operations5Condensed Statements of Changes in Net Assets6Condensed Statements of Cash Flows7Supplemental Information—Selected Per Share Data and Ratios8Schedules of Investments9Notes to Condensed Financial Statements13Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations35Item 3. Quantitative and Qualitative Disclosure about Market Risk40Item 4. Controls and Procedures40PART II. OTHER INFORMATION42Item 1. Legal Proceedings42Item 1A. Risk Factors42Item 6. Exhibits43SIGNATURE44 EQUUS TOTAL RETURN, INC.CONDENSED BALANCE SHEETS(Unaudited) Item 1. Unaudited Condensed Financial Statements EQUUS TOTAL RETURN, INC.CONDENSED STATEMENTS OF OPERATIONS(Unaudited) EQUUS TOTAL RETURN, INC.CONDENSED STATEMENTS OF CHANGES IN NET ASSETS(Unaudited) EQUUS TOTAL RETURN, INC.CONDENSED STATEMENTS OF CASH FLOWS(Unaudited) (in thousands) EQUUS TOTAL RETURN, INC.SUPPLEMENTAL INFORMATION—SELECTED PER SHARE DATA AND RATIOS(Unaudited) Three months endedMarch 31,20242023Investment income$0.02$—Expenses(0.09)(0.09)Net investment loss(0.07)(0.09)Net change in net unrealized appreciate of portfolio securities(0.10)-Net decrease in net assets(0.17)(0.09)Net assets at beginning of period3.552.61Net assets at end of period, basic and diluted$3.38$2.52Weighted average number of shares outstanding during period, in thousands13,58613,518Market price per share:Beginning of period$1.45$1.43End of period$1.46$1.56Selected information and ratios:Ratio of expenses to average net assets(2.92)%(3.28)%Ratio of net investment loss to average net assets(2.31)%(3.27)%Ratio of net increase in net assets resulting from operations to average net assets(5.09)%(3.26)%Return on net asset value(4.96)%(3.45)%Total return on market price(1)0.69%9.09%(1)Total return = [(ending market