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

Schedule 12-14

v3.26.1
Schedule 12-14
 12 Months Ended
Dec. 31, 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 December 31, 2025.

 

Portfolio Company/Type of Investment (1)   Principal
Amount/Shares/
Ownership % at December 31,
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 December 31,
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     $ -     $       -      $                  -     $ (121,851 )   $ 3,714,696  
Unsecured loan Consolidated BL Note 6.33% due 12/31/2027   $ 1,381,586       87,454       -       -       -       -       -       -  
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       -       -       -       (494,677 )     884,342  
First lien Revolving Loan 10%, due 5/8/2026 (4)     135,000      
 
       80,000       55,000      
 
      
 
       -       135,000  
Rockfish Seafood Grill, Inc.                                                                
First Lien Loan, 8% Cash, 6.0% PIK, due 3/31/2018 (2) (3)   $ 6,352,944       -       7,519,963       -       -       -       (2,499,187 )     5,020,776  
Revolving Loan, 8% Cash, due 12/31/2027(3)   $ 2,251,000       45,020       2,251,000       -       -       -       182,581       2,433,581  
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           $ 132,474     $ 15,066,529     $ 55,000     $ -     $ -     $ (2,933,134 )   $ 12,188,395  

 

(1) Represents an illiquid investment.

 

(2) Includes PIK interest.

 

(3) Non-income producing security.

 

(4) Represents an investment valued using significant unobservable inputs.

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 December 31, 2024.

 

Portfolio Company/Type of Investment(1)   Principal Amount/Shares/ Ownership % at December 31, 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
December 31,
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     $           -     $            -      $                 -     $ (899,594 )   $ 3,836,547  
Unsecured loan Consolidated BL Note 6.33% due 12/31/2027   $ 1,381,586       87,694       -       -       -       -       -       -  
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       -       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       -       -       -       (164,822 )     1,379,019  
First lien Revolving Loan 10%, due 5/8/2026 (4)     80,000      
 
       -       80,000      
 
      
 
       -       80,000  
Rockfish Seafood Grill, Inc.                                                                
First Lien Loan, 8% Cash, 6.0% PIK, due 3/31/2018 (2) (3)   $ 6,352,944       -       9,877,041       -       -       -       (2,357,078 )     7,519,963  
Revolving Loan, 8% PIK, due 12/31/2027   $ 2,251,000       183,081       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           $ 270,775     $ 18,581,422     $ 80,000     $ (5,742,667 )   $ -     $ 2,147,774     $ 15,066,529  

 

(1) Represents an illiquid investment.

 

(2) Includes PIK interest.

 

(3) Non-income producing security.

 

(4) Represents an investment valued using significant unobservable inputs.