Quarterly report pursuant to Section 13 or 15(d)

Schedule of investments (Unaudited)

v3.22.2.2
Schedule of investments (Unaudited) - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Fair Value $ 40,772,059 $ 34,307,092
% of Net Assets 101.43% 99.52%
Non-control/non-affiliate investments [Member]    
Fair Value [1] $ 22,806,912  
Amortized Cost $ 18,682,876  
% of Net Assets 56.73%  
Total Portfolio Investments [Member]    
Fair Value [1] $ 40,772,059  
Amortized Cost $ 46,036,149  
% of Net Assets 101.43%  
Total Investments [Member]    
Fair Value [1] $ 40,772,059  
Amortized Cost $ 46,036,149  
% of Net Assets 101.43%  
Control investments [Member]    
Fair Value [1] $ 17,965,147 $ 22,615,962
Amortized Cost $ 27,353,273 $ 27,353,273
% of Net Assets 44.70% 65.61%
Non-control/non-affiliate investments [Member]    
Fair Value [1]   $ 11,691,130
Amortized Cost   $ 18,682,876
% of Net Assets   33.91%
Total Portfolio Investments [Member]    
Fair Value [1]   $ 34,307,092
Amortized Cost   $ 46,036,149
% of Net Assets   99.52%
Total Investments [Member]    
Fair Value [1]   $ 34,307,092
Amortized Cost   $ 46,036,149
% of Net Assets   99.52%
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member]    
Fair Value [1] $ 4,044,044 $ 4,441,765
Amortized Cost $ 6,331,585 $ 6,331,585
% of Net Assets 10.06% 12.89%
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member] | Second Lien Loan [Member]    
Fair Value [1],[3],[4] $ 4,044,044 [2] $ 4,441,765 [5]
Acquisition Date [3],[4] Mar. 13, 2015 [2] Mar. 13, 2015 [5]
Amortized Cost [3],[4] $ 4,500,000 [2] $ 4,500,000 [5]
Principal Amount [3],[4] $ 4,500,000 [2],[6] $ 4,500,000 [5]
% of Net Assets [3],[4] 10.06% [2] 12.89% [5]
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member] | Unsecured Loans [Member]    
Fair Value [1],[4]
Acquisition Date [4] Oct. 01, 2019 Oct. 01, 2019
Amortized Cost [4] $ 1,381,586 $ 1,381,586
Principal Amount [4] $ 1,381,586 [6] $ 1,381,586
% of Net Assets [4]
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member] | Common Stock – Series A [Member]    
Fair Value [1],[4] [2] [5]
Acquisition Date [4] Jul. 02, 2017 [2] Jul. 02, 2017 [5]
Amortized Cost [4] $ 10,150 [2] $ 10,150 [5]
% of Net Assets [4] [2] [5]
Number of Shares (in Shares) [4] 225,000 [2],[6],[7] 225,000 [5]
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member] | Common Stock – Series B [Member]    
Fair Value [1],[4] [2] [5]
Acquisition Date [4] Jul. 02, 2017 [2] Jul. 02, 2017 [5]
Amortized Cost [4] $ 428,571 [2] $ 428,571 [5]
% of Net Assets [4] [2] [5]
Number of Shares (in Shares) [4] 9,500,000 [2],[6],[7] 9,500,000 [5]
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member] | Warrant [Member]    
Fair Value [1],[4] [2] [5]
Acquisition Date [4] Jul. 02, 2017 [2] Jul. 02, 2017 [5]
Amortized Cost [4] $ 11,278 [2] $ 11,278 [5]
% of Net Assets [4] [2] [5]
Number of Shares (in Shares) [4] 1 [2],[6],[7] 1 [5]
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member] | Warrant One [Member]    
Fair Value [1],[4] [2] [5]
Acquisition Date [4] Dec. 31, 2016 [2] Dec. 31, 2016 [5]
Amortized Cost [4] [2] [5]
% of Net Assets [4] [2] [5]
Number of Shares (in Shares) [4] 1 [2],[6],[7] 1 [5]
Dominion Medical Management, Inc. [Member] | Control investments [Member] | Second Lien Loan [Member]    
Fair Value [1],[3],[4],[5],[8]   $ 158,159
Acquisition Date [3],[4],[5],[8]   Mar. 22, 2018
Amortized Cost [3],[4],[5],[8]   $ 1,516,144
Principal Amount [3],[4],[5],[8]   $ 1,516,144
% of Net Assets [3],[4],[5],[8]   0.46%
Dominion Medical Management, Inc. [Member] | Control investments [Member] | First Lien Loans [Member]    
Fair Value $ 206,813  
Acquisition Date Mar. 22, 2018  
Amortized Cost $ 1,516,144  
Principal Amount [6],[7],[9] $ 1,516,144  
% of Net Assets 0.52%  
Integrated Medical Partners, LLC [Member] | Control investments [Member]    
Fair Value [1] $ 206,813 $ 158,159
Amortized Cost $ 5,742,667 $ 5,742,667
% of Net Assets 0.52% 0.46%
Integrated Medical Partners, LLC [Member] | Control investments [Member] | Preferred Membership, Class A units [Member]    
Fair Value [1],[4] [2] [5]
Acquisition Date [4] Mar. 13, 2015 [2] Mar. 13, 2015 [5]
Amortized Cost [4] $ 4,196,937 [2] $ 4,196,937 [5]
% of Net Assets [4] [2] [5]
Number of Shares (in Shares) [4] 800 [2],[6],[7] 800 [5]
Integrated Medical Partners, LLC [Member] | Control investments [Member] | Preferred Membership, Class B units [Member]    
Fair Value [1],[4] [2] [5]
Acquisition Date [4] Mar. 13, 2015 [2] Mar. 13, 2015 [5]
Amortized Cost [4] $ 29,586 [2] $ 29,586 [5]
% of Net Assets [4] [2] [5]
Number of Shares (in Shares) [4] 760 [2],[6],[7] 760 [5]
Integrated Medical Partners, LLC [Member] | Control investments [Member] | Common Units [Member]    
Fair Value [1],[2],[4]
Acquisition Date [2],[4] Mar. 13, 2015 Mar. 13, 2015
Amortized Cost [2],[4]
% of Net Assets [2],[4]
Number of Shares (in Shares) [2],[4] 14,082 [6],[7] 14,082
PCC SBH Sub, Inc. [Member] | Control investments [Member] | Common Stock [Member]    
Fair Value [1],[2],[4] $ 1,726,047 $ 1,745,113
Acquisition Date [2],[4] Feb. 06, 2017 Feb. 06, 2017
Amortized Cost [2],[4] $ 2,525,481 $ 2,525,481
% of Net Assets [2],[4] 4.29% 5.06%
Number of Shares (in Shares) [2],[4] 100 [6],[7] 100
Rockfish Seafood Grill, Inc. [Member] | Control investments [Member] | First Lien Loans [Member]    
Fair Value [1],[4],[8] $ 9,737,243 $ 12,294,480 [3],[5]
Acquisition Date [4],[8] Mar. 13, 2015 Mar. 13, 2015 [3],[5]
Amortized Cost [4],[8] $ 6,352,944 $ 6,352,944 [3],[5]
Principal Amount [4],[8] $ 6,352,944 [6] $ 6,352,944 [3],[5]
% of Net Assets [4],[8] 24.23% 35.66% [3],[5]
Rockfish Seafood Grill, Inc. [Member] | Control investments [Member] | Revolving Loan [Member]    
Fair Value [1],[4] $ 2,251,000 $ 2,251,000
Acquisition Date [4] Jun. 29, 2015 Jun. 29, 2015
Amortized Cost [4] $ 2,251,000 $ 2,251,000
Principal Amount [4] $ 2,251,000 [6] $ 2,251,000
% of Net Assets [4] 5.60% 6.53%
Rockfish Holdings, LLC [Member] | Control investments [Member]    
Fair Value [1] $ 16,270,925
Amortized Cost $ 4,149,596 $ 12,753,540
% of Net Assets 47.20%
Rockfish Holdings, LLC [Member] | Control investments [Member] | Warrant for Membership Interest [Member]    
Fair Value [1],[4] [2] $ 172,549 [5]
Acquisition Date [4] Mar. 13, 2015 [2] Mar. 13, 2015 [5]
Amortized Cost [4] $ 414,960 [2] $ 414,960 [5]
% of Net Assets [4] [2] 0.50% [5]
Percentage of Ownership [4] 10.00% [2] 10.00% [5]
Rockfish Holdings, LLC [Member] | Control investments [Member] | Membership Interest – Class A [Member]    
Fair Value [1],[4] [2] $ 1,552,896 [5]
Acquisition Date [4] Mar. 13, 2015 [2] Mar. 13, 2015 [5]
Amortized Cost [4] $ 3,734,636 [2] $ 3,734,636 [5]
% of Net Assets [4] [2] 4.51% [5]
Percentage of Ownership [4] 99.997% [2] 99.997% [5]
Great Value Storage, LLC [Member] | Non-control/non-affiliate investments [Member] | First Lien Loans [Member]    
Fair Value [1],[3],[4],[8] $ 11,372,699 [2],[10] $ 4,854,720 [5],[11]
Acquisition Date [3],[4],[8] Mar. 13, 2015 [2],[10] Mar. 13, 2015 [5],[11]
Amortized Cost [3],[4],[8] $ 6,800,586 [2],[10] $ 6,800,586 [5],[11]
Principal Amount [3],[4],[8] $ 6,800,586 [2],[10] $ 6,800,586 [5],[11]
% of Net Assets [3],[4],[8] 28.29% [2],[10] 14.08% [5],[11]
Performance Alloys, LLC [Member] | Non-control/non-affiliate investments [Member]    
Fair Value [1] $ 11,433,013 $ 6,835,210
Amortized Cost $ 11,881,090 $ 11,881,090
% of Net Assets 28.44% 19.83%
Performance Alloys, LLC [Member] | Non-control/non-affiliate investments [Member] | Second Lien Loan [Member]    
Fair Value [1],[4] $ 7,320,000 $ 6,835,210
Acquisition Date [4] Jul. 01, 2016 Jul. 01, 2016
Amortized Cost [4] $ 6,750,000 $ 6,750,000
Principal Amount [4] $ 6,750,000 $ 6,750,000
% of Net Assets [4] 18.21% 19.83%
Performance Alloys, LLC [Member] | Non-control/non-affiliate investments [Member] | Membership Interest – Class B [Member]    
Fair Value [1],[4] $ 4,113,013 [2] [5]
Acquisition Date [4] Jul. 01, 2016 [2] Jul. 01, 2016 [5]
Amortized Cost [4] $ 5,131,090 [2] $ 5,131,090 [5]
% of Net Assets [4] 10.23% [2] [5]
Percentage of Ownership [4] 25.97% [2] 25.97% [5]
Rampart Detection Systems, Ltd. [Member] | Non-control/non-affiliate investments [Member] | Common Stock Shares [Member]    
Fair Value [1],[12] $ 1,200 [2] $ 1,200 [5]
Acquisition Date [12] Mar. 13, 2015 [2] Mar. 13, 2015 [5]
Amortized Cost [12] $ 1,200 [2] $ 1,200 [5]
% of Net Assets [12] [2] [5]
Number of Shares (in Shares) [12] 600,000 [2] 600,000 [5]
[1] See Note 5 of the Notes to Financial Statements for a discussion of the methodologies used to value securities in the portfolio.
[2] Investment is non-income producing as of September 30, 2022.
[3] Investment is on non-accrual status.
[4] Represents an investment valued using significant unobservable inputs.
[5] Investment is non-income producing as of December 31, 2021.
[6] Represents an illiquid investment.
[7] Non-income producing security.
[8] 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.
[9] Includes PIK interest.
[10] On March 14, 2019, the Company filed a lawsuit against Great Value Storage, LLC due to a breach of contract. On September 2, 2022, the Company entered into a Settlement, Assignment and Acceptance Agreement and subsequent to quarter end was paid in full on October 7, 2022. See Note 8 of the Notes to Financial Statements.
[11] On March 14, 2019, the Company filed a lawsuit against Great Value Storage, LLC due to a breach of contract. See Note 8 of the Notes to Financial Statements. The Company has not received financial statements since August 2018.
[12] 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 September 30, 2022, less than 1% of the total fair value of investments represents non-qualifying assets.