Quarterly report pursuant to Section 13 or 15(d)

Schedule 12-14 (Tables)

Schedule 12-14 (Tables)

9 Months Ended

Sep. 30, 2023

Condensed Financial Information Disclosure [Abstract]

Schedule of Fair Value of Control and Affiliate Investments

The table below represents the fair value of control and affiliate investments at December 31, 2022 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, 2023.

Portfolio Company/Type of Investment ⁽¹⁾	Principal Amount/Shares/ Ownership % at September 30, 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 September 30, 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	$	-	$	-		-	$	1,259,626		$	4,916,273
Unsecured loan Consolidated BL Note 6.33% due 12/31/2023	$	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			-		184,999		-		-		-		(10,977	)		174,022
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		-		-		-		(106,143	)		1,592,186
Rockfish Seafood Grill, Inc.
First Lien Loan, 8% Cash, 6.0% PIK, due 3/31/2018	$	6,352,944			579,572		10,708,968		-		-		-		(630,399	)		10,078,569
Revolving Loan, 8% PIK, due 12/31/2023	$	2,251,000			136,561		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				$	781,544	$	18,499,943	$	-	$	-	$	-	$	512,107		$	19,012,050

(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, 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