Dukemount Capital's losses rose £177,149 in the year to the end of April - up from £46,077 in 2016.
It said the losses arose predominantly from professional fees in connection with the admission of its shares to the Official List and its standard listing on 29 March.
Executive chairman Geoffrey Dart said: "Following its listing, the Company has continued to focus on completing a transaction in the supported living property sector which may likely involve institutional investors and a joint venture with a financial partner within its stated area of the supported living and hotel sectors.
"The target areas include the acquisition, development and/or management of a portfolio of properties.
"The Company informed the Market on 25th May 2017, and again on 7th August, of its agreement with a Housing Association to identify suitable properties.
"The Board continues to review a number of projects and will make further announcements on progress once it is appropriate to do so."