Annual report pursuant to Section 13 and 15(d)

Schedule 12-14 (Tables)

v3.23.1
Schedule 12-14 (Tables)
 12 Months Ended
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]  
Schedule of fair value of control and affiliate investments
Portfolio Company/Type of Investment (1)   Principal
Amount/Shares/
Ownership % at
December 31,
2022		     Amount of
Interest and
Dividends
Credited in
Income		     Fair Value at
December 31,
2021		     Purchases (2)     Sales     Transfers from
Restructuring/
Transfers into
Control
Investments		     Change in
Unrealized
Gains/(Losses)		     Fair Value at
December 31,
2022		  
Control Investments                                                
Advantis Certified Staffing Solutions, Inc.                                                
Second Lien Loan, 12.0% Cash, due 11/30/2021(3)   $ 4,500,000     $ -     $ 4,441,765     $           -     $           -                 -     $ (785,118 )   $ 3,656,647  
Unsecured loan Consolidated BL Note 6.33% due 12/31/2023   $ 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       -       -       -       -       -       -       -  
Dominion Medical Management, Inc.                                                                
First Lien Loan, 12.0% Cash, 6% PIK due, 3/31/2020 (2) (3)   $ 1,516,144       -       158,159       -       -       -       26,840       184,999  
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       -       1,745,113       -       -       -       (46,784 )     1,698,329  
Rockfish Seafood Grill, Inc.                                                                
First Lien Loan, 8% Cash, 6.0% PIK, due 3/31/2018   $ 6,352,944       602,939       12,294,480       -       -       -       (1,585,512 )     10,708,968  
Revolving Loan, 8% PIK, due 12/31/2023   $ 2,251,000       137,561       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 %     -       172,549       -       -       -       (172,549 )     -  
Membership Interest – Class A (3)     99.997 %     -       1,552,896       -       -       -       (1,552,896 )     -  
Total Control Investments           $ 827,954     $ 22,615,962     $ -     $ -     $ -     $ (4,116,019 )   $ 18,499,943  

 

(1) Represents an illiquid investment.

(2) Includes PIK interest.

(3) Non-income producing security.

 

Portfolio Company/Type of Investment (1)   Principal
Amount/Shares/
Ownership % at
December 31
2021		     Amount of
Interest and
Dividends
Credited in
Income		     Fair Value at
December 31,
2020		     Purchases (2)     Sales     Transfers from
Restructuring/
Transfers into
Control
Investments		     Change in
Unrealized
Gains/(Losses)		     Fair Value at
December 31,
2021		  
Control Investments                                                
Advantis Certified Staffing Solutions, Inc.                                                
Second Lien Loan, 12.0% Cash, due 11/30/2021(3)   $ 4,500,000     $ -     $ 3,008,208     $ -     $ -       -     $ 1,433,557     $ 4,441,765  
Unsecured loan Consolidated BL Note 6.33% due 12/31/2022   $ 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       -       -       -       -                   -       -       -  
Dominion Medical Management, Inc.                                                                
Second Lien Loan, 12.0% Cash, 6% PIK due, 3/31/2020 (2) (3)   $ 1,516,144       -       -       -       -       -       158,159       158,159  
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       -       1,658,680       -       -       -       86,433       1,745,113  
Rockfish Seafood Grill, Inc.                                                                
First Lien Loan, 8% Cash, 6.0% PIK, due 3/31/2018 (3)   $ 6,352,944       -       6,910,188       -       -       -       5,384,292       12,294,480  
Revolving Loan, 8% PIK, due 12/31/2022   $ 2,251,000       475,402       2,703,315       97,401       (230,570 )     -       (319,146 )     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 %     -       -       -       -       -       172,549       172,549  
Membership Interest – Class A (3)     99.997 %     -       -       -       -       -       1,552,896       1,552,896  
Total Control Investments           $ 562,856     $ 14,280,391     $ 97,401     $ (230,570 )   $ -     $ 8,468,740     $ 22,615,962  

 

(1) Represents an illiquid investment.

(2) Includes PIK interest.
(3) Non-income producing security.