Quarterly report pursuant to Section 13 or 15(d)

Schedule 12-14 (Tables)

v3.23.1
Schedule 12-14 (Tables)
 3 Months Ended
Mar. 31, 2023
Condensed Financial Information Disclosure [Abstract]  
Schedule of fair value of control and affiliate investments
Portfolio Company/Type of Investment (1)    

Principal Amount/Shares/
Ownership % at
March 31,
2023

    Amount of Interest
and Dividends
Credited in Income		     Fair Value at
December 31,
2022		     Purchases (2)     Sales     Transfers from
Restructuring/
Transfers into
Control Investments		     Change in
Unrealized
Gains/(Losses)		    

Fair Value at
March 31,
2023

  
Control Investments                                                
Advantis Certified Staffing Solutions, Inc.                                                
Second Lien Loan, 12.0% Cash, due 11/30/2021(3)   $ 4,500,000     $
-
     $ 3,656,647     $
       -
     $
       -
     $
       -
     $ (271,833 )   $ 3,384,814  
Unsecured loan Consolidated BL Note 6.33% due 12/31/2023
   $ 1,381,586       21,564      
-
      
-
      
-
      
-
      
-
      
-
  
Common Stock – Series A (3)     225,000      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Common Stock – Series B (3)     9,500,000      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Warrant for 250,000 Shares of Series A Common Stock, exercise price $0.01 per share, expires 1/1/2027(3)     1      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Warrant for 700,000 Shares of Series A Common Stock, exercise price $0.01 per share, expires 1/1/2027(3)     1      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Dominion Medical Management, Inc.                                                                
First Lien Loan, 12.0% Cash, 6% PIK due, 3/31/2020 (2) (3)   $ 1,516,144      
-
       184,999      
-
      
-
      
-
       (9,044 )     175,955  
Integrated Medical Partners, LLC                                                                
Preferred Membership – Class A units (3)     800      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Preferred Membership – Class B units (3)     760      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Common Units (3)     14,082      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
PCC SBH Sub, Inc.                                                                
Common Stock (3)     100      
-
       1,698,329      
-
      
-
      
-
       (39,076 )     1,659,253  
Rockfish Seafood Grill, Inc.                                                                
First Lien Loan, 8% Cash, 6.0% PIK, due 3/31/2018   $ 6,352,944       188,199       10,708,968      
-
      
-
      
-
       (769,111 )     9,939,857  
Revolving Loan, 8% PIK, due 12/31/2023
   $ 2,251,000       45,020       2,251,000      
-
      
-
      
-
      
-
       2,251,000  
Rockfish Holdings, LLC                                                                
Warrant for Membership Interest, exercise

price $0.001 per 1% membership interest, expires 7/28/2028 (3)

     10.0 %    
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Membership Interest – Class A (3)     99.997 %    
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total Control Investments           $ 254,783     $ 18,499,943     $
-
     $
-
     $
-
     $ (1,089,064 )   $ 17,410,879  

 

(1) Represents an illiquid investment.
(2) Includes PIK interest.
(3) Non-income producing security.

 

Portfolio Company/Type of Investment (1)  

Principal Amount/Shares/

Ownership % at
March 31, 2022

    Amount of Interest and Dividends Credited in Income     Fair Value at December 31, 2021     Purchases (2)     Sales     Transfers from Restructuring/
Transfers into Control Investments		     Change in Unrealized Gains/(Losses)     Fair Value at March 31,
2022		  
Control Investments                                                
Advantis Certified Staffing Solutions, Inc.                                                
Second Lien Loan, 12.0% Cash, due 11/30/2021(3)   $ 4,500,000     $
-
     $ 4,441,765     $
-
     $
-
     $
                -
     $ 22,855     $ 4,464,620  
Unsecured loan Consolidated BL Note 6.33% due 12/31/2022
   $ 1,381,586       21,564      
-
      
-
      
-
      
-
      
-
      
-
  
Common Stock – Series A (3)     225,000      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Common Stock – Series B (3)     9,500,000      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Warrant for 250,000 Shares of Series A Common Stock, exercise price $0.01 per share, expires 1/1/2027(3)     1      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Warrant for 700,000 Shares of Series A Common Stock, exercise price $0.01 per share, expires 1/1/2027(3)     1      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Dominion Medical Management, Inc.                                                                
Second Lien Loan, 12.0% Cash, 6% PIK due, 3/31/2020 (2) (3)   $ 1,516,144      
-
       158,159      
-
      
-
      
-
       (78,159 )     80,000  
Integrated Medical Partners, LLC                                                                
Preferred Membership – Class A units (3)     800      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Preferred Membership – Class B units (3)     760      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Common Units (3)     14,082      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
PCC SBH Sub, Inc.                                                                
Common Stock (3)     100      
-
       1,745,113      
-
      
-
      
-
       (39,925 )     1,705,188  
Rockfish Seafood Grill, Inc.                                                                
First Lien Loan, 8% Cash, 6.0% PIK, due 3/31/2018 (3)   $ 6,352,944       45,020       12,294,480      
-
      
-
      
-
       (158,367 )     12,136,113  
Revolving Loan, 8% PIK, due 12/31/2022
   $ 2,251,000      
-
       2,251,000      
-
      
-
      
-
      
-
       2,251,000  
Rockfish Holdings, LLC                                                                
Warrant for Membership Interest, exercise price $0.001 per 1% membership interest, expires 7/28/2028 (3)     10.0 %    
-
       172,549      
-
      
-
      
-
       (149,011 )     23,538  
Membership Interest – Class A (3)     99.997 %    
-
       1,552,896      
-
      
-
      
-
       (1,341,061 )     211,835  
Total Control Investments           $ 66,584     $ 22,615,962     $
-
     $
-
     $
-
     $ (1,743,668 )   $ 20,872,294  

 

(1) Represents an illiquid investment.
(2) Includes PIK interest.
(3) Non-income producing security.