Quarterly report pursuant to Section 13 or 15(d)

Schedule of investments (Unaudited)

v3.23.2
Schedule of investments (Unaudited) - USD ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Fair Value $ 31,453,274 $ 30,564,088
% of Net Assets 93.77% 95.26%
Non-control/non-affiliate investments [Member]    
Fair Value [1],[2] $ 11,686,220  
Amortized Cost [1] $ 11,904,790  
% of Net Assets [1] 34.84%  
Total Portfolio Investments [Member]    
Fair Value [1],[2] $ 31,453,274  
Amortized Cost [1] $ 39,258,063  
% of Net Assets [1] 93.77%  
Total Investments [Member]    
Fair Value [2] $ 31,453,274  
Amortized Cost $ 39,258,063  
% of Net Assets 93.77%  
Control investments [Member]    
Fair Value [2] $ 19,767,054 [1] $ 18,499,943
Amortized Cost $ 27,353,273 [1] $ 27,353,273
% of Net Assets 58.93% [1] 57.66%
Non-control/non-affiliate investments [Member]    
Fair Value [2]   $ 12,064,145
Amortized Cost   $ 11,882,290
% of Net Assets   37.60%
Total Portfolio Investments [Member]    
Fair Value [2]   $ 30,564,088
Amortized Cost   $ 39,235,563
% of Net Assets   95.26%
Total Investments [Member]    
Fair Value [2]   $ 30,564,088
Amortized Cost   $ 39,235,563
% of Net Assets   95.26%
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member]    
Fair Value [2] $ 5,204,872 [1] $ 3,656,647
Amortized Cost $ 6,331,585 [1] $ 6,331,585
% of Net Assets 15.52% [1] 11.40%
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member] | Second Lien Loan [Member]    
Fair Value [2],[4],[5] $ 5,204,872 [1],[3] $ 3,656,647 [6]
Acquisition Date [4],[5] Mar. 13, 2015 [1],[3] Mar. 13, 2015 [6]
Amortized Cost [4],[5] $ 4,500,000 [1],[3] $ 4,500,000 [6]
Principal Amount [4],[5] $ 4,500,000 [1],[3],[7],[8] $ 4,500,000 [6]
% of Net Assets [4],[5] 15.52% [1],[3] 11.40% [6]
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member] | Unsecured Loans [Member]    
Fair Value [2],[5] [1]
Acquisition Date [5] Oct. 01, 2019 [1] Oct. 01, 2019
Amortized Cost [5] $ 1,381,586 [1] $ 1,381,586
Principal Amount [5] $ 1,381,586 [1],[8] $ 1,381,586
% of Net Assets [5] [1]
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member] | Common Stock – Series A [Member]    
Fair Value [2],[5] [1],[3] [6]
Acquisition Date [5] Jul. 02, 2017 [1],[3] Jul. 02, 2017 [6]
Amortized Cost [5] $ 10,150 [1],[3] $ 10,150 [6]
% of Net Assets [5] [1],[3] [6]
Number of Shares (in Shares) [5] 225,000 [1],[3],[7] 225,000 [6]
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member] | Common Stock – Series B [Member]    
Fair Value [2],[5] [1],[3] [6]
Acquisition Date [5] Jul. 02, 2017 [1],[3] Jul. 02, 2017 [6]
Amortized Cost [5] $ 428,571 [1],[3] $ 428,571 [6]
% of Net Assets [5] [1],[3] [6]
Number of Shares (in Shares) [5] 9,500,000 [1],[3],[7] 9,500,000 [6]
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member] | Warrant [Member]    
Fair Value [2],[5] [1],[3] [6]
Acquisition Date [5] Jul. 02, 2017 [1],[3] Jul. 02, 2017 [6]
Amortized Cost [5] $ 11,278 [1],[3] $ 11,278 [6]
% of Net Assets [5] [1],[3] [6]
Number of Shares (in Shares) [5] 1 [1],[3],[7],[8] 1 [6]
Advantis Certified Staffing Solutions, Inc. [Member] | Control investments [Member] | Warrant One [Member]    
Fair Value [2],[5] [1],[3] [6]
Acquisition Date [5] Dec. 31, 2016 [1],[3] Dec. 31, 2016 [6]
Amortized Cost [5] [1],[3] [6]
% of Net Assets [5] [1],[3] [6]
Number of Shares (in Shares) [5] 1 [1],[3],[7],[8] 1 [6]
Dominion Medical Management, Inc. [Member] | Control investments [Member] | First Lien Loans [Member]    
Fair Value [2],[4],[5],[9] $ 174,546 [1],[3] $ 184,999 [6]
Acquisition Date [4],[5],[9] Mar. 22, 2018 [1],[3] Mar. 22, 2018 [6]
Amortized Cost [4],[5],[9] $ 1,516,144 [1],[3] $ 1,516,144 [6]
Principal Amount [4],[5],[9] $ 1,516,144 [1],[3],[7],[8],[10] $ 1,516,144 [6]
% of Net Assets [4],[5],[9] 0.52% [1],[3] 0.58% [6]
Integrated Medical Partners, LLC [Member] | Control investments [Member]    
Fair Value [2] $ 174,546 [1] $ 184,999
Amortized Cost $ 5,742,667 [1] $ 5,742,667
% of Net Assets 0.52% [1] 0.58%
Integrated Medical Partners, LLC [Member] | Control investments [Member] | Preferred Membership, Class A units [Member]    
Fair Value [2],[5] [1],[3] [6]
Acquisition Date [5] Mar. 13, 2015 [1],[3] Mar. 13, 2015 [6]
Amortized Cost [5] $ 4,196,937 [1],[3] $ 4,196,937 [6]
% of Net Assets [5] [1],[3] [6]
Number of Shares (in Shares) [5] 800 [1],[3],[7] 800 [6]
Integrated Medical Partners, LLC [Member] | Control investments [Member] | Preferred Membership, Class B units [Member]    
Fair Value [2],[5] [1],[3] [6]
Acquisition Date [5] Mar. 13, 2015 [1],[3] Mar. 13, 2015 [6]
Amortized Cost [5] $ 29,586 [1],[3] $ 29,586 [6]
% of Net Assets [5] [1],[3] [6]
Number of Shares (in Shares) [5] 760 [1],[3],[7] 760 [6]
Integrated Medical Partners, LLC [Member] | Control investments [Member] | Common Units [Member]    
Fair Value [2],[5] [1],[3] [6]
Acquisition Date [5] Mar. 13, 2015 [1],[3] Mar. 13, 2015 [6]
Amortized Cost [5] [1],[3] [6]
% of Net Assets [5] [1],[3] [6]
Number of Shares (in Shares) [5] 14,082 [1],[3],[7] 14,082 [6]
PCC SBH Sub, Inc. [Member] | Control investments [Member] | Common Stock [Member]    
Fair Value [2],[5] $ 1,606,972 [1],[3] $ 1,698,329 [6]
Acquisition Date [5] Feb. 06, 2017 [1],[3] Feb. 06, 2017 [6]
Amortized Cost [5] $ 2,525,481 [1],[3] $ 2,525,481 [6]
% of Net Assets [5] 4.79% [1],[3] 5.29% [6]
Number of Shares (in Shares) [5] 100 [1],[3],[7] 100 [6]
Rockfish Seafood Grill, Inc. [Member] | Control investments [Member] | First Lien Loans [Member]    
Fair Value [2],[5],[9] $ 10,529,664 [1] $ 10,708,968
Acquisition Date [5],[9] Mar. 13, 2015 [1] Mar. 13, 2015
Amortized Cost [5],[9] $ 6,352,944 [1] $ 6,352,944
Principal Amount [5],[9] $ 6,352,944 [1] $ 6,352,944
% of Net Assets [5],[9] 31.39% [1] 33.38%
Rockfish Seafood Grill, Inc. [Member] | Control investments [Member] | Revolving Loan [Member]    
Fair Value [2],[5] $ 2,251,000 [1] $ 2,251,000
Acquisition Date [5] Jun. 29, 2015 [1] Jun. 29, 2015
Amortized Cost [5] $ 2,251,000 [1] $ 2,251,000
Principal Amount [5] $ 2,251,000 [1] $ 2,251,000
% of Net Assets [5] 6.71% [1] 7.01%
Rockfish Holdings, LLC [Member] | Control investments [Member]    
Fair Value [2] $ 12,780,664 [1]
Amortized Cost $ 12,753,540 [1] $ 4,149,596
% of Net Assets 38.10% [1]
Rockfish Holdings, LLC [Member] | Control investments [Member] | Warrant for Membership Interest [Member]    
Fair Value [2],[5] [1],[3] [6]
Acquisition Date [5] Mar. 13, 2015 [1],[3] Mar. 13, 2015 [6]
Amortized Cost [5] $ 414,960 [1],[3] $ 414,960 [6]
% of Net Assets [5] [1],[3] [6]
Percentage of Ownership [5] 10.00% [1],[3] 10.00% [6]
Rockfish Holdings, LLC [Member] | Control investments [Member] | Membership Interest – Class A [Member]    
Fair Value [2],[5] [1],[3] [6]
Acquisition Date [5] Mar. 13, 2015 [1],[3] Mar. 13, 2015 [6]
Amortized Cost [5] $ 3,734,636 [1],[3] $ 3,734,636 [6]
% of Net Assets [5] [1],[3] [6]
Percentage of Ownership [5] 99.997% [1],[3] 99.997% [6]
Performance Alloys, LLC [Member] | Non-control/non-affiliate investments [Member]    
Fair Value [2] $ 11,685,020 [1] $ 12,062,945
Amortized Cost $ 11,903,590 [1] $ 11,881,090
% of Net Assets 34.84% [1] 37.60%
Performance Alloys, LLC [Member] | Non-control/non-affiliate investments [Member] | Second Lien Loan [Member]    
Fair Value [2],[5] $ 6,750,000 [1] $ 7,320,000
Acquisition Date [5] Jul. 01, 2016 [1] Jul. 01, 2016
Amortized Cost [5] $ 6,772,500 [1] $ 6,750,000
Principal Amount [5] $ 6,772,500 [1] $ 6,750,000
% of Net Assets [5] 20.13% [1] 22.82%
Performance Alloys, LLC [Member] | Non-control/non-affiliate investments [Member] | Membership Interest – Class B [Member]    
Fair Value [2],[5] $ 4,935,020 [1],[3] $ 4,742,945 [6]
Acquisition Date [5] Jul. 01, 2016 [1],[3] Jul. 01, 2016 [6]
Amortized Cost [5] $ 5,131,090 [1],[3] $ 5,131,090 [6]
% of Net Assets [5] 14.71% [1],[3] 14.78% [6]
Percentage of Ownership [5] 25.97% [1],[3] 25.97% [6]
Rampart Detection Systems, Ltd. [Member] | Non-control/non-affiliate investments [Member] | Common Stock Shares [Member]    
Fair Value [2],[3],[11] $ 1,200 [1] $ 1,200 [6]
Acquisition Date [3],[11] Mar. 13, 2015 [1] Mar. 13, 2015 [6]
Amortized Cost [3],[11] $ 1,200 [1] $ 1,200 [6]
% of Net Assets [3],[11] [1] [6]
Number of Shares (in Shares) [3],[11] 600,000 [1] 600,000 [6]
[1] Represents an illiquid investment. At June 30, 2023, 100% of the total fair value of portfolio investments are illiquid. All of the Company’s portfolio investments are generally subject to restrictions on resale as “restricted securities”.
[2] See Note 5 of the Notes to Financial Statements for a discussion of the methodologies used to value securities in the portfolio.
[3] Investment is non-income producing as of June 30, 2023.
[4] Investment is on non-accrual status.
[5] Represents an investment valued using significant unobservable inputs
[6] Investment is non-income producing as of December 31, 2022.
[7] Non-income producing security.
[8] Represents an illiquid investment.
[9] 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.
[10] Includes PIK interest.
[11] 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 June 30, 2023, less than 1% of the total fair value of investments represents non-qualifying assets.