Quarterly report pursuant to Section 13 or 15(d)

Schedule of investments (Unaudited)

v3.23.1
Schedule of investments (Unaudited) - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Fair Value $ 29,270,056 $ 30,564,088
% of Net Assets 94.22% 95.26%
Non-control/non-affiliate investments [Member]    
Fair Value [1],[2] $ 11,859,177  
Amortized Cost [1] $ 11,882,290  
% of Net Assets [1] 38.17%  
Total Portfolio Investments [Member]    
Fair Value [1],[2] $ 29,270,056  
Amortized Cost [1] $ 39,235,563  
% of Net Assets [1] 94.22%  
Total Investments [Member]    
Fair Value [2] $ 29,270,056  
Amortized Cost $ 39,235,563  
% of Net Assets 94.22%  
Control investments [Member]    
Fair Value [2] $ 17,410,879 [1] $ 18,499,943 [3]
Amortized Cost $ 27,353,273 [1] $ 27,353,273 [3]
% of Net Assets 56.05% [1] 57.66% [3]
Non-control/non-affiliate investments [Member]    
Fair Value [2],[3]   $ 12,064,145
Amortized Cost [3]   $ 11,882,290
% of Net Assets [3]   37.60%
Total Portfolio Investments [Member]    
Fair Value [2],[3]   $ 30,564,088
Amortized Cost [3]   $ 39,235,563
% of Net Assets [3]   95.26%
Total Investments [Member]    
Fair Value [2]   $ 30,564,088
Amortized Cost   $ 39,235,563
% of Net Assets   95.26%
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member]    
Fair Value [2] $ 3,384,814 [1] $ 3,656,647 [3]
Amortized Cost $ 6,331,585 [1] $ 6,331,585 [3]
% of Net Assets 10.90% [1] 11.40% [3]
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member] | Second Lien Loan [Member]    
Fair Value [2],[5],[6] $ 3,384,814 [1],[4] $ 3,656,647 [3],[7]
Acquisition Date [5],[6] Mar. 13, 2015 [1],[4] Mar. 13, 2015 [3],[7]
Amortized Cost [5],[6] $ 4,500,000 [1],[4] $ 4,500,000 [3],[7]
Principal Amount [5],[6] $ 4,500,000 [1],[4],[8] $ 4,500,000 [3],[7]
% of Net Assets [5],[6] 10.90% [1],[4] 11.40% [3],[7]
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member] | Unsecured Loans [Member]    
Fair Value [2],[6] [1] [3]
Acquisition Date [6] Oct. 01, 2019 [1] Oct. 01, 2019 [3]
Amortized Cost [6] $ 1,381,586 [1] $ 1,381,586 [3]
Principal Amount [6] $ 1,381,586 [1],[9] $ 1,381,586 [3]
% of Net Assets [6] [1] [3]
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member] | Common Stock – Series A [Member]    
Fair Value [2],[6] [1],[4] [3],[7]
Acquisition Date [6] Jul. 02, 2017 [1],[4] Jul. 02, 2017 [3],[7]
Amortized Cost [6] $ 10,150 [1],[4] $ 10,150 [3],[7]
% of Net Assets [6] [1],[4] [3],[7]
Number of Shares (in Shares) [6] 225,000 [1],[4],[8],[9] 225,000 [3],[7]
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member] | Common Stock – Series B [Member]    
Fair Value [2],[6] [1],[4] [3],[7]
Acquisition Date [6] Jul. 02, 2017 [1],[4] Jul. 02, 2017 [3],[7]
Amortized Cost [6] $ 428,571 [1],[4] $ 428,571 [3],[7]
% of Net Assets [6] [1],[4] [3],[7]
Number of Shares (in Shares) [6] 9,500,000 [1],[4],[8],[9] 9,500,000 [3],[7]
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member] | Warrant [Member]    
Fair Value [2],[6] [1],[4] [3],[7]
Acquisition Date [6] Jul. 02, 2017 [1],[4] Jul. 02, 2017 [3],[7]
Amortized Cost [6] $ 11,278 [1],[4] $ 11,278 [3],[7]
% of Net Assets [6] [1],[4] [3],[7]
Number of Shares (in Shares) [6] 1 [1],[4],[8],[9] 1 [3],[7]
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member] | Warrant One [Member]    
Fair Value [2],[6] [1],[4] [3],[7]
Acquisition Date [6] Dec. 31, 2016 [1],[4] Dec. 31, 2016 [3],[7]
Amortized Cost [6] [1],[4] [3],[7]
% of Net Assets [6] [1],[4] [3],[7]
Number of Shares (in Shares) [6] 1 [1],[4],[8],[9] 1 [3],[7]
Dominion Medical Management, Inc. [Member] | Control investments [Member] | First Lien Loans [Member]    
Fair Value [2],[5],[6],[10] $ 175,955 [1],[4] $ 184,999 [3],[7]
Acquisition Date [5],[6],[10] Mar. 22, 2018 [1],[4] Mar. 22, 2018 [3],[7]
Amortized Cost [5],[6],[10] $ 1,516,144 [1],[4] $ 1,516,144 [3],[7]
Principal Amount [5],[6],[10] $ 1,516,144 [1],[4],[8],[9],[11] $ 1,516,144 [3],[7]
% of Net Assets [5],[6],[10] 0.57% [1],[4] 0.58% [3],[7]
Integrated Medical Partners, LLC [Member] | Control investments [Member]    
Fair Value [2] $ 175,955 [1] $ 184,999 [3]
Amortized Cost $ 5,742,667 [1] $ 5,742,667 [3]
% of Net Assets 0.57% [1] 0.58% [3]
Integrated Medical Partners, LLC [Member] | Control investments [Member] | Preferred Membership, Class A units [Member]    
Fair Value [2],[6] [1],[4] [3],[7]
Acquisition Date [6] Mar. 13, 2015 [1],[4] Mar. 13, 2015 [3],[7]
Amortized Cost [6] $ 4,196,937 [1],[4] $ 4,196,937 [3],[7]
% of Net Assets [6] [1],[4] [3],[7]
Number of Shares (in Shares) [6] 800 [1],[4],[8],[9] 800 [3],[7]
Integrated Medical Partners, LLC [Member] | Control investments [Member] | Preferred Membership, Class B units [Member]    
Fair Value [2],[6] [1],[4] [3],[7]
Acquisition Date [6] Mar. 13, 2015 [1],[4] Mar. 13, 2015 [3],[7]
Amortized Cost [6] $ 29,586 [1],[4] $ 29,586 [3],[7]
% of Net Assets [6] [1],[4] [3],[7]
Number of Shares (in Shares) [6] 760 [1],[4],[8],[9] 760 [3],[7]
Integrated Medical Partners, LLC [Member] | Control investments [Member] | Common Units [Member]    
Fair Value [2],[6] [1],[4] [3],[7]
Acquisition Date [6] Mar. 13, 2015 [1],[4] Mar. 13, 2015 [3],[7]
Amortized Cost [6] [1],[4] [3],[7]
% of Net Assets [6] [1],[4] [3],[7]
Number of Shares (in Shares) [6] 14,082 [1],[4],[8],[9] 14,082 [3],[7]
PCC SBH Sub, Inc. [Member] | Control investments [Member] | Common Stock [Member]    
Fair Value [2],[6] $ 1,659,253 [1],[4] $ 1,698,329 [3],[7]
Acquisition Date [6] Feb. 06, 2017 [1],[4] Feb. 06, 2017 [3],[7]
Amortized Cost [6] $ 2,525,481 [1],[4] $ 2,525,481 [3],[7]
% of Net Assets [6] 5.34% [1],[4] 5.29% [3],[7]
Number of Shares (in Shares) [6] 100 [1],[4],[8],[9] 100 [3],[7]
Rockfish Seafood Grill, Inc. [Member] | Control investments [Member] | First Lien Loans [Member]    
Fair Value [2],[6],[10] $ 9,939,857 [1] $ 10,708,968 [3]
Acquisition Date [6],[10] Mar. 13, 2015 [1] Mar. 13, 2015 [3]
Amortized Cost [6],[10] $ 6,352,944 [1] $ 6,352,944 [3]
Principal Amount [6],[10] $ 6,352,944 [1],[9] $ 6,352,944 [3]
% of Net Assets [6],[10] 31.99% [1] 33.38% [3]
Rockfish Seafood Grill, Inc. [Member] | Control investments [Member] | Revolving Loan [Member]    
Fair Value [2],[6] $ 2,251,000 [1] $ 2,251,000 [3]
Acquisition Date [6] Jun. 29, 2015 [1] Jun. 29, 2015 [3]
Amortized Cost [6] $ 2,251,000 [1] $ 2,251,000 [3]
Principal Amount [6] $ 2,251,000 [1],[9] $ 2,251,000 [3]
% of Net Assets [6] 7.25% [1] 7.01% [3]
Rockfish Holdings, LLC [Member] | Control investments [Member]    
Fair Value [2] [1] [3]
Amortized Cost $ 4,149,596 [1] $ 4,149,596 [3]
% of Net Assets [1] [3]
Rockfish Holdings, LLC [Member] | Control investments [Member] | Warrant for Membership Interest [Member]    
Fair Value [2],[6] [1],[4] [3],[7]
Acquisition Date [6] Mar. 13, 2015 [1],[4] Mar. 13, 2015 [3],[7]
Amortized Cost [6] $ 414,960 [1],[4] $ 414,960 [3],[7]
% of Net Assets [6] [1],[4] [3],[7]
Percentage of Ownership [6] 10.00% [1],[4] 10.00% [3],[7]
Rockfish Holdings, LLC [Member] | Control investments [Member] | Membership Interest – Class A [Member]    
Fair Value [2],[6] [1],[4] [3],[7]
Acquisition Date [6] Mar. 13, 2015 [1],[4] Mar. 13, 2015 [3],[7]
Amortized Cost [6] $ 3,734,636 [1],[4] $ 3,734,636 [3],[7]
% of Net Assets [6] [1],[4] [3],[7]
Percentage of Ownership [6] 99.997% [1],[4] 99.997% [3],[7]
Performance Alloys, LLC [Member] | Non-control/non-affiliate investments [Member]    
Fair Value [2] $ 11,857,977 [1] $ 12,062,945 [3]
Amortized Cost $ 11,881,090 [1] $ 11,881,090 [3]
% of Net Assets 38.17% [1] 37.60% [3]
Performance Alloys, LLC [Member] | Non-control/non-affiliate investments [Member] | Second Lien Loan [Member]    
Fair Value [2],[6] $ 7,035,000 [1] $ 7,320,000 [3]
Acquisition Date [6] Jul. 01, 2016 [1] Jul. 01, 2016 [3]
Amortized Cost [6] $ 6,750,000 [1] $ 6,750,000 [3]
Principal Amount [6] $ 6,750,000 [1] $ 6,750,000 [3]
% of Net Assets [6] 22.65% [1] 22.82% [3]
Performance Alloys, LLC [Member] | Non-control/non-affiliate investments [Member] | Membership Interest – Class B [Member]    
Fair Value [2],[6] $ 4,822,977 [1],[4] $ 4,742,945 [3],[7]
Acquisition Date [6] Jul. 01, 2016 [1],[4] Jul. 01, 2016 [3],[7]
Amortized Cost [6] $ 5,131,090 [1],[4] $ 5,131,090 [3],[7]
% of Net Assets [6] 15.52% [1],[4] 14.78% [3],[7]
Percentage of Ownership [6] 25.97% [1],[4] 25.97% [3],[7]
Rampart Detection Systems, Ltd. [Member] | Non-control/non-affiliate investments [Member] | Common Stock Shares [Member]    
Fair Value [2],[12] $ 1,200 [1],[4] $ 1,200 [3],[7]
Acquisition Date [12] Mar. 13, 2015 [1],[4] Mar. 13, 2015 [3],[7]
Amortized Cost [12] $ 1,200 [1],[4] $ 1,200 [3],[7]
% of Net Assets [12] [1],[4] [3],[7]
Number of Shares (in Shares) [12] 600,000 [1],[4] 600,000 [3],[7]
[1] Represents an illiquid investment. At March 31, 2023, 100% of the total fair value of portfolio investments are illiquid. All of the Company’s portfolio investments are generally subject to restrictions on resale as “restricted securities”.
[2] See Note 5 of the Notes to Financial Statements for a discussion of the methodologies used to value securities in the portfolio.
[3] Represents an illiquid investment. At December 31, 2022, 100% of the total fair value of portfolio investments are illiquid. All of the Company’s portfolio investments are generally subject to restrictions on resale as “restricted securities”.
[4] Investment is non-income producing as of March 31, 2023.
[5] Investment is on non-accrual status.
[6] Represents an investment valued using significant unobservable inputs.
[7] Investment is non-income producing as of December 31, 2022.
[8] Non-income producing security.
[9] Represents an illiquid investment.
[10] Represents a security with a payment-in-kind component (“PIK”). At the option of the issuer, interest can be paid in cash or cash and PIK. The percentage of PIK shown is the maximum PIK that can be elected by the portfolio company.
[11] Includes PIK interest.
[12] The investment in Rampart Detection Systems, Ltd does not represent a “qualifying asset” under Section 55(a) of the 1940 Act as the principal place of business is in British Columbia, Canada. As of March 31, 2023, less than 1% of the total fair value of investments represents non-qualifying assets.