Quarterly report pursuant to Section 13 or 15(d)

Schedule 12-14

v3.22.2.2
Schedule 12-14
 9 Months Ended
Sep. 30, 2022
Condensed Financial Information Disclosure [Abstract]  
Schedule 12-14

Schedule 12-14

 

The table below represents the fair value of control and affiliate investments at December 31, 2021 and any amortization, purchases, sales, and realized and change in unrealized gain (loss) made to such investments, as well as the ending fair value as of September 30, 2022.

 

Portfolio Company/Type of Investment (1)   Principal
Amount/Shares/
Ownership % at
September 30,
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
September 30,
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     $             -     $ -     $    -     $ (397,721 )   $ 4,044,044  
Unsecured loan Consolidated BL Note 6.33% due 12/31/2022   $ 1,381,586       65,411       -       -       -       -       -       -  
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       -       158,159       -       -       -       48,654       206,813  
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       -       -       -       (19,066 )     1,726,047  
Rockfish Seafood Grill, Inc.                                                                
First Lien Loan, 8% Cash, 6.0% PIK, due 3/31/2018   $ 6,352,944       413,463       12,294,480       -       -       -       (2,557,237 )     9,737,243  
Revolving Loan, 8% PIK, due 12/31/2022   $ 2,251,000       91,541       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       -       -       -       (172,549 )     -  
Membership Interest – Class A (3)     99.997 %     -       1,552,896       -       -       -       (1,552,896 )     -  
Total Control Investments           $ 570,415     $ 22,615,962     $ -     $ -     $ -     $ (4,650,815 )   $ 17,965,147  

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

 

The table below represents the fair value of control and affiliate investments at December 31, 2020 and any amortization, purchases, sales, and realized and change in unrealized gain (loss) made to such investments, as well as the ending fair value as of September 30, 2021.

 


Portfolio Company/Type of Investment (1) 		 

Principal
Amount/Shares/
Ownership %
at September 30, 
2021

     Amount of
Interest and
Dividends
Credited
in Income		     Fair Value at
December 31,
2020		     Purchases (2)     Sales     Change in
Unrealized
Gains/(Losses)		     Fair Value at
September 30,
2021		  
Control Investments                                          
Advantis Certified Staffing Solutions, Inc.                                          
Second Lien Loan, 12.0% Cash, due 11/30/2021(3)   $ 4,500,000     $
-
     $ 3,008,208     $
-
     $
-
     $ 1,507,113     $ 4,515,321  
Unsecured loan Consolidated BL Note 6.33% due 12/31/2021   $ 1,381,586       65,411      
-
      
-
      
-
      
-
      
-
  
Common Stock – Series A (3)     225,000      
-
      
-
      
-
      
-
      
-
      
-
  
Common Stock – Series B (3)     9,500,000      
-
      
-
      
-
      
-
      
-
      
-
  
Warrant for 250,000 Shares ofSeries 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      
-
      
-
      
-
      
-
      
-
      
-
  
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      
-
       1,658,680      
-
      
-
       102,441       1,761,121  
Rockfish Seafood Grill, Inc.                                                        
First Lien Loan, 8% Cash, 6.0% PIK, due 3/31/2018 (3)   $ 6,352,944      
-
       6,910,188      
-
      
-
       5,072,136       11,982,324  
Revolving Loan, 8% Cash, due 12/31/2021   $ 2,251,000       429,381       2,703,315       97,401       (230,570 )     (319,146 )     2,251,000  
Rockfish Holdings, LLC                                                        

Warrant for Membership Interest, exercise price $0.001 per 1% membership interest, expires 7/28/2028 (3)

     10.000 %    
-
      
-
      
-
      
-
       311,946       311,946  
Membership Interest – Class A (3)     99.997 %    
-
      
-
      
-
      
-
       2,807,427       2,807,427  
Total Control Investments           $ 494,792     $ 14,280,391     $ 97,401     $ (230,570 )   $ 9,481,917     $ 23,629,139  

 

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