Quarterly report pursuant to Section 13 or 15(d)

Schedule of Investments (Unaudited)

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Schedule of Investments (Unaudited) - USD ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Fair Value $ 22,109,086 $ 29,734,953
Amortized Cost $ 33,825,750 $ 39,400,702
% of Net Assets 91.59% 93.20%
First Lien Revolving Loan [Member] | PCC SBH Sub, Inc. [Member]    
Fair Value [1],[2] $ 15,000  
Acquisition Date [1] May 08, 2024  
Amortized Cost [1] $ 15,000  
Principal Amount [1] $ 15,000  
% of Net Assets [1] 0.06%  
Non-control/non-affiliate investments [Member]    
Fair Value [2] $ 6,463,125  
Amortized Cost [3] $ 12,200,144  
% of Net Assets [3] 26.77%  
Total Portfolio Investments [Member]    
Fair Value [2] $ 22,109,086  
Amortized Cost [3] $ 33,825,750  
% of Net Assets [3] 91.59%  
Total Investments [Member]    
Fair Value [2] $ 22,109,086  
Amortized Cost [3] $ 33,825,750  
% of Net Assets [3] 91.59%  
Control investments [Member]    
Fair Value [2],[3] $ 15,645,961 $ 18,581,422
Amortized Cost [3] $ 21,625,606 $ 27,353,273
% of Net Assets [3] 64.82% 58.24%
Control investments [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Fair Value [2] $ 4,184,032 [3] $ 4,736,141
Amortized Cost $ 6,331,585 [3] $ 6,331,585
% of Net Assets 17.33% [3] 14.84%
Control investments [Member] | PCC SBH Sub, Inc. [Member]    
Fair Value [2] $ 1,476,604  
Amortized Cost $ 2,540,481  
% of Net Assets 6.12%  
Control investments [Member] | Rockfish Holdings, LLC [Member]    
Fair Value [2] $ 9,985,325 [3] $ 12,128,041
Amortized Cost $ 12,753,540 [3] $ 12,753,540
% of Net Assets 41.37% [3] 38.02%
Control investments [Member] | Integrated Medical Partners, LLC [Member]    
Fair Value [2]   $ 173,399
Amortized Cost   $ 5,742,667
% of Net Assets   0.54%
Control investments [Member] | Second Lien Loan [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Fair Value [1],[2],[4],[5] $ 4,184,032 $ 4,736,141
Acquisition Date [1],[4],[5] Mar. 13, 2015 Mar. 13, 2015
Amortized Cost [1],[4],[5] $ 4,500,000 $ 4,500,000
Principal Amount [1],[4],[5] $ 4,500,000 [6],[7] $ 4,500,000
% of Net Assets [1],[4],[5] 17.33% 14.84%
Control investments [Member] | Unsecured Loans [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Fair Value [1],[2]
Acquisition Date [1] Oct. 01, 2019 Oct. 01, 2019
Amortized Cost [1] $ 1,381,586 $ 1,381,586
Principal Amount [1] $ 1,381,586 $ 1,381,586
% of Net Assets [1]
Control investments [Member] | Common Stock – Series A [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Fair Value [1],[2] [4]
Acquisition Date [1] Jul. 02, 2017 [4] Jul. 02, 2017
Amortized Cost [1] $ 10,150 [4] $ 10,150
Principal Amount [1] $ 225,000 [4],[6],[7] $ 225,000
% of Net Assets [1] [4]
Control investments [Member] | Common Stock – Series B [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Fair Value [1],[2] [4]
Acquisition Date [1] Jul. 02, 2017 [4] Jul. 02, 2017
Amortized Cost [1] $ 428,571 [4] $ 428,571
Principal Amount [1] $ 9,500,000 [4],[6],[7] $ 9,500,000
% of Net Assets [1] [4]
Control investments [Member] | Warrant [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Fair Value [1],[2],[4]
Acquisition Date [1],[4] Jul. 02, 2017 Jul. 02, 2017
Amortized Cost [1],[4] $ 11,278 $ 11,278
Principal Amount [1],[4] $ 1 [6],[7] $ 1
% of Net Assets [1],[4]
Control investments [Member] | Warrant One [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Fair Value [1],[2],[4]
Acquisition Date [1],[4] Dec. 31, 2016 Dec. 31, 2016 [2]
Amortized Cost [1],[4]
Principal Amount [1],[4] $ 1 [6],[7] $ 1
% of Net Assets [1],[4]
Control investments [Member] | Common Stock [Member] | PCC SBH Sub, Inc. [Member]    
Fair Value [1],[2],[4] $ 1,461,604 $ 1,543,841
Acquisition Date [1],[4] Feb. 06, 2017 Feb. 06, 2017
Amortized Cost [1],[4] $ 2,525,481 $ 2,525,481
Principal Amount [1],[4] $ 100 [6],[7] $ 100
% of Net Assets [1],[4] 6.06% 4.84%
Control investments [Member] | First Lien Loans [Member] | PCC SBH Sub, Inc. [Member]    
Principal Amount [6],[7]  
Control investments [Member] | First Lien Loans [Member] | Rockfish Seafood Grill, Inc. [Member]    
Fair Value [1],[2],[8] $ 7,734,325 [4],[5] $ 9,877,041
Acquisition Date [1],[8] Mar. 13, 2015 [4],[5] Mar. 13, 2015
Amortized Cost [1],[8] $ 6,352,944 [4],[5] $ 6,352,944
Principal Amount [1],[8] $ 6,352,944 [4],[5],[6],[7],[9] $ 6,352,944
% of Net Assets [1],[8] 32.04% [4],[5] 30.96%
Control investments [Member] | First Lien Loans [Member] | Dominion Medical Management, Inc. [Member]    
Fair Value [2],[4],[5],[8]   $ 173,399
Acquisition Date [4],[5],[8]   Mar. 22, 2018
Amortized Cost [4],[5],[8]   $ 1,516,144
Principal Amount [6],[7],[9] $ 1,516,144 [4],[5],[8]
% of Net Assets [4],[5],[8]   0.54%
Control investments [Member] | Revolving Loan [Member] | Rockfish Seafood Grill, Inc. [Member]    
Fair Value [1],[2] $ 2,251,000 $ 2,251,000
Acquisition Date [1] Jun. 29, 2015 Jun. 29, 2015
Amortized Cost [1] $ 2,251,000 $ 2,251,000
Principal Amount [1] $ 2,251,000 $ 2,251,000
% of Net Assets [1] 9.33% 7.06%
Control investments [Member] | Warrant for Membership Interest [Member] | Rockfish Holdings, LLC [Member]    
Fair Value [1],[2],[4]
Acquisition Date [1],[4] Mar. 13, 2015 Mar. 13, 2015
Amortized Cost [1],[4] $ 414,960 $ 414,960
Principal Amount [1],[4] 10.00% 10.00%
% of Net Assets [1],[4]
Control investments [Member] | Membership Interest – Class A [Member] | Rockfish Holdings, LLC [Member]    
Fair Value [1],[2],[4]
Acquisition Date [1],[4] Mar. 13, 2015 Mar. 13, 2015
Amortized Cost [1],[4] $ 3,734,636 $ 3,734,636
Principal Amount [1],[4] 99.997% 99.997%
% of Net Assets [1],[4]
Control investments [Member] | Preferred Membership, Class A units [Member] | Integrated Medical Partners, LLC [Member]    
Fair Value [2],[4]  
Acquisition Date [4]   Mar. 13, 2015
Amortized Cost [4]   $ 4,196,937
Principal Amount $ 800 [6],[7] $ 800 [4]
% of Net Assets [4]  
Control investments [Member] | Preferred Membership, Class B units [Member] | Integrated Medical Partners, LLC [Member]    
Fair Value [2],[4]  
Acquisition Date [4]   Mar. 13, 2015
Amortized Cost [4]   $ 29,586
Principal Amount 760 [6],[7] $ 760 [4]
% of Net Assets [4]  
Control investments [Member] | Common Units [Member] | Integrated Medical Partners, LLC [Member]    
Fair Value [2],[4]  
Acquisition Date [4]   Mar. 13, 2015
Amortized Cost [4]  
Principal Amount 14,082 [6],[7] $ 14,082 [4]
% of Net Assets [4]  
Non-control/non-affiliate investments [Member] | Performance Alloys, LLC [Member]    
Fair Value [2],[3] 6,463,125 $ 11,153,531
Amortized Cost [3] $ 12,200,144 $ 12,047,429
% of Net Assets [3] 26.77% 34.96%
Non-control/non-affiliate investments [Member] | Second Lien Loan [Member] | Performance Alloys, LLC [Member]    
Fair Value [1],[2],[8] $ 6,463,125 $ 6,916,339
Acquisition Date [1],[8] Jul. 01, 2016 Jul. 01, 2016
Amortized Cost [1],[8] $ 7,069,054 $ 6,916,339
Principal Amount [1],[8] $ 7,069,054 $ 6,916,339
% of Net Assets [1],[8] 26.77% 21.68%
Non-control/non-affiliate investments [Member] | Membership Interest – Class B [Member] | Performance Alloys, LLC [Member]    
Fair Value [1],[2],[4] $ 4,237,192
Acquisition Date [1],[4] Jul. 01, 2016 Jul. 01, 2016
Amortized Cost [1],[4] $ 5,131,090 $ 5,131,090
Principal Amount [1],[4] 25.97% 25.97%
% of Net Assets [1],[4] 13.28%
Total non-control/non-affiliate investments [Member]    
Fair Value [2]   $ 11,153,531
Amortized Cost   $ 12,047,429
% of Net Assets   34.96%
Total Portfolio Investments [Member]    
Fair Value [2]   $ 29,734,953
Amortized Cost   $ 39,400,702
% of Net Assets   93.20%
Total Investments [Member]    
Fair Value [2]   $ 29,734,953
Amortized Cost   $ 39,400,702
% of Net Assets   93.20%
[1] Represents an investment valued using significant unobservable inputs.
[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 December 31, 2023.
[5] Investment is on non-accrual status.
[6] Non-income producing security.
[7] Represents an illiquid investment.
[8] 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.
[9] Includes PIK interest.