Quarterly report [Sections 13 or 15(d)]

Schedule 12-14

v3.26.3
Schedule 12-14
 9 Months Ended
Sep. 30, 2026
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, 2025 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, 2026.

 

Portfolio Company/Type of Investment (1)   Principal
Amount/Shares/
Ownership % at
September 30,
2026		     Amount of Interest
and Dividends
Credited in Income		     Fair Value at
December 31,
2025		     Purchases (2)     Sales     Transfers from
Restructuring/
Transfers into
Control
Investments		     Change in
Unrealized
Gains/(Losses)		     Fair Value at
September 30,
2026		  
Control Investments                                                
Advantis Certified Staffing Solutions, Inc.                                                
Second Lien Loan, 12.0% Cash, due 12/31/2029   $ 4,500,000     $ 409,500     $ 3,714,696     $         -     $       -     $        -     $ (638,768 )   $ 3,075,928  
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.                                                                
First lien Revolving Loan 10%, due 12/31/2028     135,000       10,098       135,000       -      
 
      
 
       -       135,000  
Common Stock (3)     100       -       884,342       -       -       -       (130,920 )     753,422  
Rockfish Seafood Grill, Inc.                                                                
First Lien Loan, 8% Cash, 6.0% PIK, due 3/31/2018 (2) (3)   $ 6,352,944       -       5,020,776       -       -       -       497,115       5,517,891  
Revolving Loan, 8% Cash, due 12/31/2027   $ 2,251,000       136,561       2,433,581       -       -       -       -       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           $ 621,570     $ 12,188,395     $ -     $ -     $ -     $ (272,573 )   $ 11,915,822  

 

(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, 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   $ 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   $ 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.