Quarterly report pursuant to Section 13 or 15(d)

Schedule of Investments (Unaudited)

v3.24.3
Schedule of Investments (Unaudited) - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Schedule of Investments [Line Items]    
Fair Value $ 21,254,340 $ 29,734,953
Amortized Cost $ 33,957,127 $ 39,400,702
% of Net Assets 91.91% 93.20%
First Lien Revolving Loan [Member] | PCC SBH Sub, Inc. [Member]    
Schedule of Investments [Line Items]    
Fair Value [1],[2],[3] $ 65,000  
Acquisition Date [1],[2] May 08, 2024  
Amortized Cost [1],[2] $ 65,000  
Principal Amount [1],[2] $ 65,000  
% of Net Assets [1],[2] 0.28%  
Non-control/non-affiliate investments [Member]    
Schedule of Investments [Line Items]    
Fair Value [1],[3] $ 5,838,750  
Amortized Cost [1],[4] $ 12,281,521  
% of Net Assets [1],[4] 25.25%  
Total Portfolio Investments [Member]    
Schedule of Investments [Line Items]    
Fair Value [1],[3] $ 21,254,340  
Amortized Cost [1],[4] $ 33,957,127  
% of Net Assets [1],[4] 91.91%  
Total Investments [Member]    
Schedule of Investments [Line Items]    
Fair Value [3] $ 21,254,340  
Amortized Cost [4] $ 33,957,127  
% of Net Assets [4] 91.91%  
Control investments [Member]    
Schedule of Investments [Line Items]    
Fair Value [3] $ 15,415,590 [1] $ 18,581,422 [4]
Amortized Cost $ 21,675,606 [1] $ 27,353,273 [4]
% of Net Assets 66.66% [1] 58.24% [4]
Control investments [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Schedule of Investments [Line Items]    
Fair Value [3] $ 4,194,843 [1] $ 4,736,141 [4]
Amortized Cost $ 6,331,585 [1] $ 6,331,585 [4]
% of Net Assets 18.14% [1] 14.84% [4]
Control investments [Member] | PCC SBH Sub, Inc. [Member]    
Schedule of Investments [Line Items]    
Fair Value [1],[3] $ 1,484,355  
Amortized Cost [1] $ 2,590,481  
% of Net Assets [1] 6.42%  
Control investments [Member] | Rockfish Holdings, LLC [Member]    
Schedule of Investments [Line Items]    
Fair Value [3] $ 9,736,392 [1] $ 12,128,041 [4]
Amortized Cost $ 12,753,540 [1] $ 12,753,540 [4]
% of Net Assets 42.10% [1] 38.02% [4]
Control investments [Member] | Integrated Medical Partners, LLC [Member]    
Schedule of Investments [Line Items]    
Fair Value [3],[4]   $ 173,399
Amortized Cost [4]   $ 5,742,667
% of Net Assets [4]   0.54%
Control investments [Member] | Second Lien Loan [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Schedule of Investments [Line Items]    
Fair Value [2],[3],[6] $ 4,194,843 [1],[5] $ 4,736,141 [4],[7]
Acquisition Date [2],[6] Mar. 13, 2015 [1],[5] Mar. 13, 2015 [4],[7]
Amortized Cost [2],[6] $ 4,500,000 [1],[5] $ 4,500,000 [4],[7]
Principal Amount [2],[6] $ 4,500,000 [1],[5],[8],[9] $ 4,500,000 [4],[7]
% of Net Assets [2],[6] 18.14% [1],[5] 14.84% [4],[7]
Control investments [Member] | Unsecured Loans [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Schedule of Investments [Line Items]    
Fair Value [2],[3] [1] [4]
Acquisition Date [2] Oct. 01, 2019 [1] Oct. 01, 2019 [4]
Amortized Cost [2] $ 1,381,586 [1] $ 1,381,586 [4]
Principal Amount [2] $ 1,381,586 [1] $ 1,381,586 [4]
% of Net Assets [2] [1] [4]
Control investments [Member] | Common Stock – Series A [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Schedule of Investments [Line Items]    
Fair Value [2],[3] [1],[5] [4]
Acquisition Date [2] Jul. 02, 2017 [1],[5] Jul. 02, 2017 [4]
Amortized Cost [2] $ 10,150 [1],[5] $ 10,150 [4]
Principal Amount [2] $ 225,000 [1],[5],[8],[9] $ 225,000 [4]
% of Net Assets [2] [1],[5] [4]
Control investments [Member] | Common Stock – Series B [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Schedule of Investments [Line Items]    
Fair Value [2],[3] [1],[5] [4]
Acquisition Date [2] Jul. 02, 2017 [1],[5] Jul. 02, 2017 [4]
Amortized Cost [2] $ 428,571 [1],[5] $ 428,571 [4]
Principal Amount [2] $ 9,500,000 [1],[5],[8],[9] $ 9,500,000 [4]
% of Net Assets [2] [1],[5] [4]
Control investments [Member] | Warrant [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Schedule of Investments [Line Items]    
Fair Value [2],[3] [1],[5] [4],[7]
Acquisition Date [2] Jul. 02, 2017 [1],[5] Jul. 02, 2017 [4],[7]
Amortized Cost [2] $ 11,278 [1],[5] $ 11,278 [4],[7]
Principal Amount [2] $ 1 [1],[5],[8],[9] $ 1 [4],[7]
% of Net Assets [2] [1],[5] [4],[7]
Control investments [Member] | Warrant One [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Schedule of Investments [Line Items]    
Fair Value [2],[3] [1],[5] [4],[7]
Acquisition Date [2] Dec. 31, 2016 [1],[5] Dec. 31, 2016 [3],[4],[7]
Amortized Cost [2] [1],[5] [4],[7]
Principal Amount [2] $ 1 [1],[5],[8],[9] $ 1 [4],[7]
% of Net Assets [2] [1],[5] [4],[7]
Control investments [Member] | Common Stock [Member] | PCC SBH Sub, Inc. [Member]    
Schedule of Investments [Line Items]    
Fair Value [2],[3] $ 1,419,355 [1],[5] $ 1,543,841 [4],[7]
Acquisition Date [2] Feb. 06, 2017 [1],[5] Feb. 06, 2017 [4],[7]
Amortized Cost [2] $ 2,525,481 [1],[5] $ 2,525,481 [4],[7]
Principal Amount [2] $ 100 [1],[5],[8],[9] $ 100 [4],[7]
% of Net Assets [2] 6.14% [1],[5] 4.84% [4],[7]
Control investments [Member] | First Lien Loans [Member] | PCC SBH Sub, Inc. [Member]    
Schedule of Investments [Line Items]    
Principal Amount [8],[9] $ 65,000  
Control investments [Member] | First Lien Loans [Member] | Rockfish Seafood Grill, Inc. [Member]    
Schedule of Investments [Line Items]    
Fair Value [2],[3],[10] $ 7,485,392 [1],[5],[6] $ 9,877,041 [4]
Acquisition Date [2],[10] Mar. 13, 2015 [1],[5],[6] Mar. 13, 2015 [4]
Amortized Cost [2],[10] $ 6,352,944 [1],[5],[6] $ 6,352,944 [4]
Principal Amount [2],[10] $ 6,352,944 [1],[5],[6],[8],[9],[11] $ 6,352,944 [4]
% of Net Assets [2],[10] 32.37% [1],[5],[6] 30.96% [4]
Control investments [Member] | First Lien Loans [Member] | Dominion Medical Management, Inc. [Member]    
Schedule of Investments [Line Items]    
Fair Value [3],[4],[6],[7],[10]   $ 173,399
Acquisition Date [4],[6],[7],[10]   Mar. 22, 2018
Amortized Cost [4],[6],[7],[10]   $ 1,516,144
Principal Amount [8],[9],[11] $ 1,516,144 [4],[6],[7],[10]
% of Net Assets [4],[6],[7],[10]   0.54%
Control investments [Member] | Revolving Loan [Member] | Rockfish Seafood Grill, Inc. [Member]    
Schedule of Investments [Line Items]    
Fair Value [2],[3] $ 2,251,000 [1] $ 2,251,000 [4]
Acquisition Date [2] Jun. 29, 2015 [1] Jun. 29, 2015 [4]
Amortized Cost [2] $ 2,251,000 [1] $ 2,251,000 [4]
Principal Amount [2] $ 2,251,000 [1] $ 2,251,000 [4]
% of Net Assets [2] 9.73% [1] 7.06% [4]
Control investments [Member] | Warrant for Membership Interest [Member] | Rockfish Holdings, LLC [Member]    
Schedule of Investments [Line Items]    
Fair Value [2],[3] [1],[5] [4],[7]
Acquisition Date [2] Mar. 13, 2015 [1],[5] Mar. 13, 2015 [4],[7]
Amortized Cost [2] $ 414,960 [1],[5] $ 414,960 [4],[7]
Principal Amount [2] $ 10 [1],[5] $ 10 [4],[7]
% of Net Assets [2] [1],[5] [4],[7]
Control investments [Member] | Membership Interest – Class A [Member] | Rockfish Holdings, LLC [Member]    
Schedule of Investments [Line Items]    
Fair Value [2],[3] [1],[5] [4],[7]
Acquisition Date [2] Mar. 13, 2015 [1],[5] Mar. 13, 2015 [4],[7]
Amortized Cost [2] $ 3,734,636 [1],[5] $ 3,734,636 [4],[7]
Principal Amount [2] $ 99.997 [1],[5] $ 99.997 [4],[7]
% of Net Assets [2] [1],[5] [4],[7]
Control investments [Member] | Preferred Membership, Class A units [Member] | Integrated Medical Partners, LLC [Member]    
Schedule of Investments [Line Items]    
Fair Value [3],[4],[7]  
Acquisition Date [4],[7]   Mar. 13, 2015
Amortized Cost [4],[7]   $ 4,196,937
Principal Amount [8],[9] $ 800 [4],[7]
% of Net Assets [4],[7]  
Control investments [Member] | Preferred Membership, Class B units [Member] | Integrated Medical Partners, LLC [Member]    
Schedule of Investments [Line Items]    
Fair Value [3],[4],[7]  
Acquisition Date [4],[7]   Mar. 13, 2015
Amortized Cost [4],[7]   $ 29,586
Principal Amount [8],[9] $ 760 [4],[7]
% of Net Assets [4],[7]  
Control investments [Member] | Common Units [Member] | Integrated Medical Partners, LLC [Member]    
Schedule of Investments [Line Items]    
Fair Value [3],[4],[7]  
Acquisition Date [4],[7]   Mar. 13, 2015
Amortized Cost [4],[7]  
Principal Amount [8],[9] $ 14,082 [4],[7]
% of Net Assets [4],[7]  
Non-control/non-affiliate investments [Member] | Performance Alloys, LLC [Member]    
Schedule of Investments [Line Items]    
Fair Value [3] 5,838,750 [1] $ 11,153,531 [4]
Amortized Cost $ 12,281,521 [1] $ 12,047,429 [4]
% of Net Assets 25.25% [1] 34.96% [4]
Non-control/non-affiliate investments [Member] | Second Lien Loan [Member] | Performance Alloys, LLC [Member]    
Schedule of Investments [Line Items]    
Fair Value [2],[3],[10] $ 5,838,750 [1] $ 6,916,339 [4]
Acquisition Date [2],[10] Jul. 01, 2016 [1] Jul. 01, 2016 [4]
Amortized Cost [2],[10] $ 7,150,431 [1] $ 6,916,339 [4]
Principal Amount [2],[10] $ 7,150,431 [1] $ 6,916,339 [4]
% of Net Assets [2],[10] 25.25% [1] 21.68% [4]
Non-control/non-affiliate investments [Member] | Membership Interest – Class B [Member] | Performance Alloys, LLC [Member]    
Schedule of Investments [Line Items]    
Fair Value [2],[3],[7] [1] $ 4,237,192 [4]
Acquisition Date [2],[7] Jul. 01, 2016 [1] Jul. 01, 2016 [4]
Amortized Cost [2],[7] $ 5,131,090 [1] $ 5,131,090 [4]
Principal Amount [2],[7] $ 25.97 [1] $ 25.97 [4]
% of Net Assets [2],[7] [1] 13.28% [4]
non-control/non-affiliate investments [Member]    
Schedule of Investments [Line Items]    
Fair Value [3],[4]   $ 11,153,531
Amortized Cost [4]   $ 12,047,429
% of Net Assets [4]   34.96%
Portfolio Investments [Member]    
Schedule of Investments [Line Items]    
Fair Value [3],[4]   $ 29,734,953
Amortized Cost [4]   $ 39,400,702
% of Net Assets [4]   93.20%
Total Investments [Member]    
Schedule of Investments [Line Items]    
Fair Value [3]   $ 29,734,953
Amortized Cost   $ 39,400,702
% of Net Assets   93.20%
[1] Represents an illiquid investment. At September 30, 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] Represents an investment valued using significant unobservable inputs.
[3] See Note 5 of the Notes to Financial Statements for a discussion of the methodologies used to value securities in the portfolio.
[4] 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.”
[5] Investment is non-income producing as of September 30, 2024.
[6] Investment is on non-accrual status.
[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.