Quarterly report pursuant to Section 13 or 15(d)

Schedule of Investments (Unaudited)

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Schedule of Investments (Unaudited) - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Fair Value $ 23,258,115 $ 29,734,953
Amortized Cost $ 39,475,716 $ 39,400,702
% of Net Assets 92.04% 93.20%
Non-control/non-affiliate investments [Member]    
Fair Value [1],[2] $ 7,116,545  
Amortized Cost [1] $ 12,122,443  
% of Net Assets [1] 28.17%  
Total Portfolio Investments [Member]    
Fair Value [1],[2] $ 23,258,115  
Amortized Cost [1] $ 39,475,716  
% of Net Assets [1] 92.04%  
Total Investments [Member]    
Fair Value [1],[2] $ 23,258,115  
Amortized Cost [1] $ 39,475,716  
% of Net Assets [1] 92.04%  
Control investments [Member]    
Fair Value [1],[2] $ 16,141,570 $ 18,581,422
Amortized Cost [1] $ 27,353,273 $ 27,353,273
% of Net Assets [1] 63.87% 58.24%
Control investments [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Fair Value [2] $ 4,456,400 [1] $ 4,736,141 [3]
Amortized Cost $ 6,331,585 [1] $ 6,331,585 [3]
% of Net Assets 17.64% [1] 14.84% [3]
Control investments [Member] | Integrated Medical Partners, LLC [Member]    
Fair Value [2] $ 193,333 [1] $ 173,399 [3]
Amortized Cost $ 5,742,667 [1] $ 5,742,667 [3]
% of Net Assets 0.77% [1] 0.54% [3]
Control investments [Member] | Rockfish Holdings, LLC [Member]    
Fair Value [2] $ 9,982,531 [1] $ 12,128,041 [3]
Amortized Cost $ 12,753,540 [1] $ 12,753,540 [3]
% of Net Assets 39.49% [1] 38.02% [3]
Control investments [Member] | Second Lien Loan [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Fair Value [2],[5],[6] $ 4,456,400 [1],[4] $ 4,736,141 [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],[9] $ 4,500,000 [3],[7]
% of Net Assets [5],[6] 17.64% [1],[4] 14.84% [3],[7]
Control investments [Member] | Unsecured Loans [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Fair Value [2],[6] [1]
Acquisition Date [6] Oct. 01, 2019 [1] Oct. 01, 2019
Amortized Cost [6] $ 1,381,586 [1] $ 1,381,586
Principal Amount [6] $ 1,381,586 [1] $ 1,381,586
% of Net Assets [6] [1]
Control investments [Member] | Common Stock – Series A [Member] | Advantis Certified Staffing Solutions, Inc. [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]
Control investments [Member] | Common Stock – Series B [Member] | Advantis Certified Staffing Solutions, Inc. [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]
Control investments [Member] | Warrant [Member] | Advantis Certified Staffing Solutions, Inc. [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]
Control investments [Member] | Warrant One [Member] | Advantis Certified Staffing Solutions, Inc. [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]
Control investments [Member] | First Lien Loans [Member] | Dominion Medical Management, Inc. [Member]    
Fair Value [2],[5],[10] $ 193,333 [1],[4] $ 173,399 [3],[7]
Acquisition Date [5],[10] Mar. 22, 2018 [1],[4] Mar. 22, 2018 [3],[7]
Amortized Cost [5],[10] $ 1,516,144 [1],[4] $ 1,516,144 [3],[7]
Principal Amount [5],[10] $ 1,516,144 [1],[4],[8],[9],[11] $ 1,516,144 [3],[7]
% of Net Assets [5],[10] 0.77% [1],[4] 0.54% [3],[7]
Control investments [Member] | First Lien Loans [Member] | Rockfish Seafood Grill, Inc. [Member]    
Fair Value [2],[6],[10] $ 7,731,531 [1] $ 9,877,041 [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],[8],[9],[11] $ 6,352,944 [3]
% of Net Assets [6],[10] 30.59% [1] 30.96% [3]
Control investments [Member] | Preferred Membership, Class A units [Member] | Integrated Medical Partners, LLC [Member]    
Fair Value [2] [1],[4] [3],[7]
Acquisition Date Mar. 13, 2015 [1],[4] Mar. 13, 2015 [3],[7]
Amortized Cost $ 4,196,937 [1],[4] $ 4,196,937 [3],[7]
Principal Amount $ 800 [1],[4],[8],[9] $ 800 [3],[7]
% of Net Assets [1],[4] [3],[7]
Control investments [Member] | Preferred Membership, Class B units [Member] | Integrated Medical Partners, LLC [Member]    
Fair Value [2] [1],[4] [3],[7]
Acquisition Date Mar. 13, 2015 [1],[4] Mar. 13, 2015 [3],[7]
Amortized Cost $ 29,586 [1],[4] $ 29,586 [3],[7]
Principal Amount $ 760 [1],[4],[8],[9] $ 760 [3],[7]
% of Net Assets [1],[4] [3],[7]
Control investments [Member] | Common Units [Member] | Integrated Medical Partners, LLC [Member]    
Fair Value [2] [1],[4] [3],[7]
Acquisition Date Mar. 13, 2015 [1],[4] Mar. 13, 2015 [2],[3],[7]
Amortized Cost [1],[4] [3],[7]
Principal Amount $ 14,082 [1],[4],[8],[9] $ 14,082 [3],[7]
% of Net Assets [1],[4] [3],[7]
Control investments [Member] | Common Stock [Member] | PCC SBH Sub, Inc. [Member]    
Fair Value [2],[6] $ 1,509,306 [1],[4] $ 1,543,841 [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],[8],[9] $ 100 [3],[7]
% of Net Assets [6] 5.97% [1],[4] 4.84% [3],[7]
Control investments [Member] | Revolving Loan [Member] | Rockfish Seafood Grill, Inc. [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] 8.90% [1] 7.06% [3]
Control investments [Member] | Warrant for Membership Interest [Member] | Rockfish Holdings, LLC [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]
Principal Amount [6] 10.00% [1],[4] 10.00% [3],[7]
% of Net Assets [6] [1],[4] [3],[7]
Control investments [Member] | Membership Interest – Class A [Member] | Rockfish Holdings, LLC [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]
Principal Amount [6] 99.997% [1],[4] 99.997% [3],[7]
% of Net Assets [6] [1],[4] [3],[7]
Non-control/non-affiliate investments [Member]    
Fair Value [2],[3]   $ 11,153,531
Amortized Cost [3]   $ 12,047,429
% of Net Assets [3]   34.96%
Non-control/non-affiliate investments [Member] | Performance Alloys, LLC [Member]    
Fair Value [1],[2] $ 7,116,545 $ 11,153,531 [3]
Amortized Cost [1] $ 12,122,443 $ 12,047,429 [3]
% of Net Assets [1] 28.17% 34.96% [3]
Non-control/non-affiliate investments [Member] | Second Lien Loan [Member] | Performance Alloys, LLC [Member]    
Fair Value [2],[6],[10] $ 6,991,353 [1] $ 6,916,339 [3]
Acquisition Date [6],[10] Jul. 01, 2016 [1] Jul. 01, 2016 [3]
Amortized Cost [6],[10] $ 6,991,353 [1] $ 6,916,339 [3]
Principal Amount [6],[10] $ 6,991,353 [1] $ 6,916,339 [3]
% of Net Assets [6],[10] 27.67% [1] 21.68% [3]
Non-control/non-affiliate investments [Member] | Membership Interest – Class B [Member] | Performance Alloys, LLC [Member]    
Fair Value [2],[6] $ 125,192 [1] $ 4,237,192 [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]
Principal Amount [6] 25.97% [1] 25.97% [3],[7]
% of Net Assets [6] 0.50% [1] 13.28% [3],[7]
Total Portfolio Investments [Member]    
Fair Value [2],[3]   $ 29,734,953
Amortized Cost [3]   $ 39,400,702
% of Net Assets [3]   93.20%
Total Investments [Member]    
Fair Value [2],[3]   $ 29,734,953
Amortized Cost [3]   $ 39,400,702
% of Net Assets [3]   93.20%
[1] Represents an illiquid investment. At March 31, 2024, 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, 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.”
[4] Investment is non-income producing as of March 31, 2024.
[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, 2023.
[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.