Quarterly report pursuant to Section 13 or 15(d)

Schedule 12-14

v3.24.3
Schedule 12-14
 9 Months Ended
Sep. 30, 2024
Schedule 12-14 [Abstract]  
Schedule 12-14

Schedule 12-14

 

The table below represents the fair value of control and affiliate investments at December 31, 2023 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, 2024.

 

Portfolio Company/Type of Investment (1)   Principal Amount/Shares/
Ownership % at
September 30,
2024		     Amount of Interest and Dividends Credited in Income     Fair Value at
December 31,
2023		     Purchases(2)     Sales     Transfers from Restructuring/
Transfers into Control Investments		     Change in Unrealized Gains/(Losses)     Fair Value at
September 30,
2024		  
Control Investments                                                
Advantis Certified Staffing Solutions, Inc.                                                 
Second Lien Loan, 12.0% Cash, due 11/30/2021 (3)   $ 4,500,000     $ -     $ 4,736,141     $ -     $ -     $          -     $ (541,298 )   $ 4,194,843  
Unsecured loan Consolidated BL Note 6.33% due 12/31/2024   $ 1,381,586       65,651       -       -       -       -       -       -  
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)   $ -       -       173,399       -       (5,742,667 )     -       5,569,268       -  
Integrated Medical Partners, LLC                                                                
Preferred Membership – Class A units (3)    
-
       -       -       -       -       -       -       -  
Preferred Membership – Class B units (3)    
-
       -       -       -       -       -       -       -  
Common Units (3)    
-
       -       -       -       -       -       -       -  
PCC SBH Sub, Inc.                                                                
Common Stock (3)     100       -       1,543,841       -       -       -       (124,486 )     1,419,355  
First Lien Revolving Loan 10%, due 5/8/2026     65,000       -       -       65,000       -       -       -       65,000  
Rockfish Seafood Grill, Inc.                                                                
First Lien Loan, 8% Cash, 6.0% PIK, due 3/31/2018 (2) (3)   $ 6,352,944       -       9,877,041       -       -       -       (2,391,649 )     7,485,392  
Revolving Loan, 8% Cash, due 12/31/2024   $ 2,251,000       137,061       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           $ 202,712     $ 18,581,422     $ 65,000     $ (5,742,667 )   $ -     $ 2,511,835     $ 15,415,590  

 

(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, 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.