Annual report [Section 13 and 15(d), not S-K Item 405]

Schedule of Investments

v3.25.0.1
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]
Control investments [Member] | Advantis Certified Staffing Solutions, Inc. [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]
Control investments [Member] | Integrated Medical Partners, LLC [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]
Control investments [Member] | Rockfish Holdings, LLC [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]
Control investments [Member] | Second Lien Loan [Member] | Advantis Certified Staffing Solutions, Inc. [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],[8],[9] $ 4,500,000 [3],[7],[10],[11]
% of Net Assets [5],[6] 14.84% [1],[4] 11.40% [3],[7]
Control investments [Member] | Unsecured Loans [Member] | Advantis Certified Staffing Solutions, Inc. [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]
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],[10],[11]
% 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],[10],[11]
% 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],[10],[11]
% 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],[10],[11]
% of Net Assets [6] [1],[4] [3],[7]
Control investments [Member] | First Lien Loans [Member] | Dominion Medical Management, Inc. [Member]    
Fair Value [2],[5],[12] $ 173,399 [1],[4] $ 184,999 [3],[6],[7]
Acquisition Date [5],[12] Mar. 22, 2018 [1],[4] Mar. 22, 2018 [3],[6],[7]
Amortized Cost [5],[12] $ 1,516,144 [1],[4] $ 1,516,144 [3],[6],[7]
Principal Amount [5],[12] $ 1,516,144 [1],[4],[8],[9],[13] $ 1,516,144 [3],[6],[7],[10],[11],[14]
% of Net Assets [5],[12] 0.54% [1],[4] 0.58% [3],[6],[7]
Control investments [Member] | First Lien Loans [Member] | Rockfish Seafood Grill, Inc. [Member]    
Fair Value [2],[6],[12] $ 9,877,041 [1] $ 10,708,968 [3]
Acquisition Date [6],[12] Mar. 13, 2015 [1] Mar. 13, 2015 [3]
Amortized Cost [6],[12] $ 6,352,944 [1] $ 6,352,944 [3]
Principal Amount [6],[12] $ 6,352,944 [1],[9] $ 6,352,944 [3],[11]
% of Net Assets [6],[12] 30.96% [1] 33.38% [3]
Control investments [Member] | Preferred Membership, Class A units [Member] | Integrated Medical Partners, LLC [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],[10],[11]
% of Net Assets [1],[4] [3],[6],[7]
Control investments [Member] | Preferred Membership, Class B units [Member] | Integrated Medical Partners, LLC [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],[10],[11]
% of Net Assets [1],[4] [3],[6],[7]
Control investments [Member] | Common Units [Member] | Integrated Medical Partners, LLC [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],[10],[11]
% of Net Assets [1],[4] [3],[6],[7]
Control investments [Member] | Common Stock [Member] | PCC SBH Sub, Inc. [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],[8],[9] $ 100 [3],[7],[10],[11]
% of Net Assets [6] 4.84% [1],[4] 5.29% [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] 7.06% [1] 7.01% [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]
% of Net Assets [6] [1],[4] [3],[7]
Principal Amount [6] 10.00% [1],[4] 10.00% [3],[7]
Control investments [Member] | Membership Interest – Class A [Member] | Rockfish Holdings, LLC [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]
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%
Non-control/non-affiliate investments [Member] | Performance Alloys, LLC [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]
Non-control/non-affiliate investments [Member] | Second Lien Loan [Member] | Performance Alloys, LLC [Member]    
Fair Value [2],[6] $ 6,916,339 [1],[12] $ 7,320,000 [3]
Acquisition Date [6] Jul. 01, 2016 [1],[12] Jul. 01, 2016 [3]
Amortized Cost [6] $ 6,916,339 [1],[12] $ 6,750,000 [3]
Principal Amount [6] $ 6,916,339 [1],[12] $ 6,750,000 [3]
% of Net Assets [6] 21.68% [1],[12] 22.82% [3]
Non-control/non-affiliate investments [Member] | Membership Interest – Class B [Member] | Performance Alloys, LLC [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]
Non-control/non-affiliate investments [Member] | Common Stock Shares [Member] | Rampart Detection Systems, Ltd. [Member]    
Fair Value [2],[3],[7],[15]   $ 1,200
Acquisition Date [3],[7],[15]   Mar. 13, 2015
Amortized Cost [2],[3],[7],[15]   $ 1,200
Principal Amount [3],[7],[15]   $ 600,000
% of Net Assets [3],[7],[15]  
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%
[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] Non-income producing security.
[11] Represents an illiquid investment.
[12] 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.
[13] Includes PIK interest.
[14] Includes PIK interest.
[15] 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.