Annual report pursuant to Section 13 and 15(d)

Schedule of Investments

v3.24.1
Schedule of Investments - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Fair Value $ 29,734,953 $ 30,564,088
Amortized Cost $ 39,400,702 $ 39,235,563
% of Net Assets 93.20% 95.26%
Non-control/non-affiliate investments [Member]    
Fair Value [1],[2] $ 11,153,531  
Amortized Cost [1] $ 12,047,429  
% of Net Assets [1] 34.96%  
Total Portfolio Investments [Member]    
Fair Value [1],[2] $ 29,734,953  
Amortized Cost [1] $ 39,400,702  
% of Net Assets [1] 93.20%  
Total Investments [Member]    
Fair Value [1],[2] $ 29,734,953  
Amortized Cost [1] $ 39,400,702  
% of Net Assets [1] 93.20%  
Control investments [Member]    
Fair Value [2] $ 18,581,422 [1] $ 18,499,943 [3]
Amortized Cost $ 27,353,273 [1] $ 27,353,273 [3]
% of Net Assets 58.24% [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],[3]   $ 30,564,088
Amortized Cost [3]   $ 39,235,563
% of Net Assets [3]   95.26%
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member]    
Fair Value [2] $ 4,736,141 [1] $ 3,656,647 [3]
Amortized Cost $ 6,331,585 [1] $ 6,331,585 [3]
% of Net Assets 14.84% [1] 11.40% [3]
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member] | Second Lien Loan [Member]    
Fair Value [2],[5],[6] $ 4,736,141 [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] $ 4,500,000 [3],[7]
% of Net Assets [5],[6] 14.84% [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] $ 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]
Principal Amount [6] $ 225,000 [1],[4],[8],[9] $ 225,000 [3],[7]
% of Net Assets [6] [1],[4] [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]
Principal Amount [6] $ 9,500,000 [1],[4],[8],[9] $ 9,500,000 [3],[7]
% of Net Assets [6] [1],[4] [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]
Principal Amount [6] $ 1 [1],[4],[8],[9] $ 1 [3],[7]
% of Net Assets [6] [1],[4] [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 [2],[3],[7]
Amortized Cost [6] [1],[4] [3],[7]
Principal Amount [6] $ 1 [1],[4],[8],[9] $ 1 [3],[7]
% of Net Assets [6] [1],[4] [3],[7]
Dominion Medical Management, Inc. [Member] | Control investments [Member] | First Lien Loans [Member]    
Fair Value [2],[5],[10] $ 173,399 [1],[4] $ 184,999 [3],[6],[7]
Acquisition Date [5],[10] Mar. 22, 2018 [1],[4] Mar. 22, 2018 [3],[6],[7]
Amortized Cost [5],[10] $ 1,516,144 [1],[4] $ 1,516,144 [3],[6],[7]
Principal Amount [5],[10] $ 1,516,144 [1],[4] $ 1,516,144 [3],[6],[7],[8],[9],[11]
% of Net Assets [5],[10] 0.54% [1],[4] 0.58% [3],[6],[7]
Integrated Medical Partners, LLC [Member] | Control investments [Member]    
Fair Value [2] $ 173,399 [1] $ 184,999 [3]
Amortized Cost $ 5,742,667 [1] $ 5,742,667 [3]
% of Net Assets 0.54% [1] 0.58% [3]
Integrated Medical Partners, LLC [Member] | Control investments [Member] | Preferred Membership, Class A units [Member]    
Fair Value [2] [1],[4] [3],[6],[7]
Acquisition Date Mar. 13, 2015 [1],[4] Mar. 13, 2015 [3],[6],[7]
Amortized Cost $ 4,196,937 [1],[4] $ 4,196,937 [3],[6],[7]
Principal Amount $ 800 [1],[4],[8],[9] $ 800 [3],[6],[7]
% of Net Assets [1],[4] [3],[6],[7]
Integrated Medical Partners, LLC [Member] | Control investments [Member] | Preferred Membership, Class B units [Member]    
Fair Value [2] [1],[4] [3],[6],[7]
Acquisition Date Mar. 13, 2015 [1],[4] Mar. 13, 2015 [3],[6],[7]
Amortized Cost $ 29,586 [1],[4] $ 29,586 [3],[6],[7]
Principal Amount $ 760 [1],[4],[8],[9] $ 760 [3],[6],[7]
% of Net Assets [1],[4] [3],[6],[7]
Integrated Medical Partners, LLC [Member] | Control investments [Member] | Common Units [Member]    
Fair Value [2] [1],[4] [3],[6],[7]
Acquisition Date Mar. 13, 2015 [1],[4] Mar. 13, 2015 [2],[3],[6],[7]
Amortized Cost [1],[4] [3],[6],[7]
Principal Amount $ 14,082 [1],[4],[8],[9] $ 14,082 [3],[6],[7]
% of Net Assets [1],[4] [3],[6],[7]
PCC SBH Sub, Inc. [Member] | Control investments [Member] | Common Stock [Member]    
Fair Value [2],[6] $ 1,543,841 [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]
Principal Amount [6] $ 100 [1],[4] $ 100 [3],[7],[8],[9]
% of Net Assets [6] 4.84% [1],[4] 5.29% [3],[7]
Rockfish Seafood Grill, Inc. [Member] | Control investments [Member] | First Lien Loans [Member]    
Fair Value [2],[6],[10] $ 9,877,041 [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] $ 6,352,944 [3],[9]
% of Net Assets [6],[10] 30.96% [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] $ 2,251,000 [3]
% of Net Assets [6] 7.06% [1] 7.01% [3]
Rockfish Holdings, LLC [Member] | Control investments [Member]    
Fair Value [2] $ 12,128,041 [1] $ 12,959,968 [3]
Amortized Cost $ 12,753,540 [1] $ 12,753,540 [3]
% of Net Assets 38.02% [1] 40.39% [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]
Principal Amount [6] 10.00% [1],[4] 10.00% [3],[7]
Rockfish Holdings, LLC [Member] | Control investments [Member] | Membership Interest – Class A [Member]    
Fair Value [6] [1],[2],[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]
Principal Amount [6] 99.997% [1],[4] 99.997% [3],[7]
Performance Alloys, LLC [Member] | Non-control/non-affiliate investments [Member]    
Fair Value [2] $ 11,153,531 [1] $ 12,062,945 [3]
Amortized Cost $ 12,047,429 [1] $ 11,881,090 [3]
% of Net Assets 34.96% [1] 37.60% [3]
Performance Alloys, LLC [Member] | Non-control/non-affiliate investments [Member] | Second Lien Loan [Member]    
Fair Value [2],[6] $ 6,916,339 [1],[10] $ 7,320,000 [3]
Acquisition Date [6] Jul. 01, 2016 [1],[10] Jul. 01, 2016 [3]
Amortized Cost [6] $ 6,916,339 [1],[10] $ 6,750,000 [3]
Principal Amount [6] $ 6,916,339 [1],[10] $ 6,750,000 [3]
% of Net Assets [6] 21.68% [1],[10] 22.82% [3]
Performance Alloys, LLC [Member] | Non-control/non-affiliate investments [Member] | Membership Interest – Class B [Member]    
Fair Value [2],[6] $ 4,237,192 [1] $ 4,742,945 [3],[7]
Acquisition Date [6] Jul. 01, 2016 [1] Jul. 01, 2016 [3],[7]
Amortized Cost [6] $ 5,131,090 [1] $ 5,131,090 [3],[7]
% of Net Assets [6] 13.28% [1] 14.78% [3],[7]
Principal Amount [6] 25.97% [1] 25.97% [3],[7]
Rampart Detection Systems, Ltd. [Member] | Non-control/non-affiliate investments [Member] | Common Stock Shares [Member]    
Fair Value [2],[3],[7],[12]   $ 1,200
Acquisition Date [3],[7],[12]   Mar. 13, 2015
Amortized Cost [2],[3],[7],[12]   $ 1,200
Principal Amount [3],[7],[12]   $ 600,000
% of Net Assets [3],[7],[12]  
[1] Represents an illiquid investment. At December 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 December 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 December 31, 2022, less than 1% of the total fair value of investments represents non-qualifying assets.