Quarterly report [Sections 13 or 15(d)]

Schedule of Investments (Unaudited)

v3.25.1
Schedule of Investments (Unaudited) - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Control investments [Member]    
Schedule of Investments [Line Items]    
Fair Value [2] $ 13,786,639 [1] $ 15,066,529 [3]
Amortized Cost $ 21,690,606 [1] $ 21,690,606 [3]
% of Net Assets 72.58% [1] 71.62% [3]
Control investments [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Schedule of Investments [Line Items]    
Fair Value [2] $ 3,866,191 [1] $ 3,836,547 [3]
Amortized Cost $ 6,331,585 [1] $ 6,331,585 [3]
% of Net Assets 20.36% [1] 18.24% [3]
Control investments [Member] | PCC SBH Sub, Inc. [Member]    
Schedule of Investments [Line Items]    
Fair Value $ 1,329,376 [1],[2] $ 1,459,019 [3]
Amortized Cost $ 2,605,481 [1] $ 2,605,481 [3]
% of Net Assets 6.99% [1] 6.93% [3]
Control investments [Member] | Rockfish Holdings, LLC [Member]    
Schedule of Investments [Line Items]    
Fair Value [2] $ 8,591,072 [1] $ 9,770,963 [3]
Amortized Cost $ 12,753,540 [1] $ 12,753,540 [3]
% of Net Assets 45.23% [1] 46.45% [3]
Control investments [Member] | Second Lien Loan [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Schedule of Investments [Line Items]    
Fair Value [2],[5],[6] $ 3,866,191 [1],[4] $ 3,836,547 [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] 20.36% [1],[4] 18.24% [3],[7]
Control investments [Member] | Unsecured Loan [Member] | Advantis Certified Staffing Solutions, Inc. [Member]    
Schedule of Investments [Line Items]    
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]    
Schedule of Investments [Line Items]    
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]    
Schedule of Investments [Line Items]    
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]    
Schedule of Investments [Line Items]    
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]    
Schedule of Investments [Line Items]    
Fair Value [2],[6] [1],[4] [3],[7]
Acquisition Date [6] Dec. 31, 2016 [1],[4] Dec. 31, 2016 [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] | Common Stock [Member] | PCC SBH Sub, Inc. [Member]    
Schedule of Investments [Line Items]    
Fair Value [2],[6] $ 1,249,376 [1],[4] $ 1,379,019 [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] 6.57% [1],[4] 6.55% [3],[7]
Control investments [Member] | First Lien Revolving Loan [Member] | PCC SBH Sub, Inc. [Member]    
Schedule of Investments [Line Items]    
Fair Value [6] $ 80,000 [1],[2] $ 80,000 [3]
Acquisition Date [6] May 08, 2024 [1] May 08, 2024 [3]
Amortized Cost [6] $ 80,000 [1] $ 80,000 [3]
Principal Amount [6] $ 80,000 [1] $ 80,000 [3]
% of Net Assets [6] 0.42% [1] 0.38% [3]
Control investments [Member] | First Lien Loan [Member] | PCC SBH Sub, Inc. [Member]    
Schedule of Investments [Line Items]    
Principal Amount [9] $ 80,000  
Control investments [Member] | First Lien Loan [Member] | Rockfish Seafood Grill, Inc. [Member]    
Schedule of Investments [Line Items]    
Fair Value [2],[6],[10] $ 6,340,072 [1],[4],[5] $ 7,519,963 [3]
Acquisition Date [6],[10] Mar. 13, 2015 [1],[4],[5] Mar. 13, 2015 [3]
Amortized Cost [6],[10] $ 6,352,944 [1],[4],[5] $ 6,352,944 [3]
Principal Amount [6],[10] $ 6,352,944 [1],[4],[5],[8],[9],[11] $ 6,352,944 [3]
% of Net Assets [6],[10] 33.38% [1],[4],[5] 35.75% [3]
Control investments [Member] | Revolving Loan [Member] | Rockfish Seafood Grill, Inc. [Member]    
Schedule of Investments [Line Items]    
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] 11.85% [1] 10.70% [3]
Control investments [Member] | Warrant for Membership Interest [Member] | Rockfish Holdings, LLC [Member]    
Schedule of Investments [Line Items]    
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 [1],[4] $ 10 [3],[7]
% of Net Assets [6] [1],[4] [3],[7]
Control investments [Member] | Membership Interest – Class A [Member] | Rockfish Holdings, LLC [Member]    
Schedule of Investments [Line Items]    
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]    
Schedule of Investments [Line Items]    
Fair Value [2],[3] $ 3,729,375 [1] $ 4,151,250
Amortized Cost $ 12,365,846 [1] $ 12,365,846 [3]
% of Net Assets [3] 19.64% [1] 19.73%
Non-control/non-affiliate investments [Member] | Performance Alloys, LLC [Member]    
Schedule of Investments [Line Items]    
Fair Value [2] $ 3,729,375 [1] $ 4,151,250 [3]
Amortized Cost $ 12,365,846 [1] $ 12,365,846 [3]
% of Net Assets 19.64% [1] 19.73% [3]
Non-control/non-affiliate investments [Member] | Second Lien Loan [Member] | Performance Alloys, LLC [Member]    
Schedule of Investments [Line Items]    
Fair Value [2],[6],[10] $ 3,729,375 [1],[4],[5] $ 4,151,250 [3]
Acquisition Date [6],[10] Jul. 01, 2016 [1],[4],[5] Jul. 01, 2016 [3]
Amortized Cost [6],[10] $ 7,234,756 [1],[4],[5] $ 7,234,756 [3]
Principal Amount [6],[10] $ 7,234,756 [1],[4],[5] $ 7,234,756 [3]
% of Net Assets [6],[10] 19.64% [1],[4],[5] 19.73% [3]
Non-control/non-affiliate investments [Member] | Membership Interest – Class B [Member] | Performance Alloys, LLC [Member]    
Schedule of Investments [Line Items]    
Fair Value [2],[6] [1],[4] [3],[7]
Acquisition Date [6] Jul. 01, 2016 [1],[4] Jul. 01, 2016 [3],[7]
Amortized Cost [6] $ 5,131,090 [1],[4] $ 5,131,090 [3],[7]
Principal Amount [6] $ 25.97 [1],[4] $ 25.97 [3],[7]
% of Net Assets [6] [1],[4] [3],[7]
Total Portfolio Investments [Member]    
Schedule of Investments [Line Items]    
Fair Value [2] $ 17,516,014 [1] $ 19,217,779 [3]
Amortized Cost $ 34,056,452 [1] $ 34,056,452 [3]
% of Net Assets 92.22% [1] 91.35% [3]
Total Investments [Member]    
Schedule of Investments [Line Items]    
Fair Value [2] $ 17,516,014 [1] $ 19,217,779 [3]
Amortized Cost $ 34,056,452 [1] $ 34,056,452 [3]
% of Net Assets 92.22% [1] 91.35% [3]
[1] Represents an illiquid investment. At March 31, 2025, 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, 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.”
[4] Investment is non-income producing as of March 31, 2025.
[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, 2024.
[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.