Quarterly report [Sections 13 or 15(d)]

Schedule 12-14

v3.25.3
Schedule 12-14
 9 Months Ended
Sep. 30, 2025
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, 2024 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, 2025.

 

Portfolio Company/Type of Investment (1)   Principal Amount/Shares/ Ownership % at September 30,
2025		     Amount of
Interest and Dividends Credited in Income		     Fair
Value at December 31,
2024		     Purchases (2)     Sales     Transfers from Restructuring/ Transfers into Control Investments     Change in Unrealized Gains/(Losses)     Fair
Value at September 30,
2025		  
Control Investments                                                
Advantis Certified Staffing Solutions, Inc.                                                
Second Lien Loan, 12.0% Cash, due 11/30/2021(3)   $ 4,500,000     $
-
     $ 3,836,547     $
-
     $
-
      
-
     $ (68,845 )   $ 3,767,702  
Unsecured loan Consolidated BL Note 6.33% due 12/31/2027   $ 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      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
PCC SBH Sub, Inc.                                                                
Common Stock (3)     100      
-
       1,379,019      
-
      
-
      
-
       (483,200 )     895,819  
First lien Revolving Loan 10%, due 5/8/2026 (4)   $ 100,000      
-
       80,000       20,000      
-
      
-
      
-
       100,000  
Rockfish Seafood Grill, Inc.                                                                
First Lien Loan, 8% Cash, 6.0% PIK, due 3/31/2018 (2) (3)   $ 6,352,944      
-
       7,519,963      
-
      
-
      
-
       (2,371,817 )     5,148,146  
Revolving Loan, 8% PIK, due 12/31/2027 (3)   $ 2,251,000       45,020       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           $ 110,431     $ 15,066,529     $ 20,000     $
-
     $
-
     $ (2,923,862 )   $ 12,162,667  

 

(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, 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)     800      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Preferred Membership – Class B units (3)     760      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Common Units (3)     14,082      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
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.