XML 43 R30.htm IDEA: XBRL DOCUMENT

Consolidated Schedule of Investments (Tables)

12 Months Ended

Dec. 31, 2025

Summary Investment Holdings [Table Text Block]

PORTFOLIO COMPANY (% OF NET ASSETS) AND INDUSTRY	TYPE OF INVESTMENT	MATURITY DATE	INTEREST RATE			ACQUISITION DATE	SHARES/PAR VALUE ($)		COST BASIS		VALUE
INTRAOP MEDICAL CORP.
((0.6%)) Medical Devices	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	10/11/2019		500,000	$	500,000	$	27
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	10/22/2021		1,000,000		1,000,000		55
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	10/29/2019		500,000		500,000		28
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	10/6/2021		500,000		500,000		27
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	11/12/2021		500,000		500,000		27
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	11/29/2021		500,000		500,000		27
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	12/31/2018		10,961,129		10,961,129		600
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	2/27/2020		1,000,000		1,000,000		55
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	2/28/2022		200,000		200,000		11
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	3/25/2020		500,000		500,000		28
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	3/30/2022		150,000		150,000		8
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	3/8/2020		400,000		400,000		22
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	4/20/2021		1,000,000		1,000,000		55
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	4/6/2022		350,000		350,000		19

PORTFOLIO COMPANY (% OF NET ASSETS) AND INDUSTRY	TYPE OF INVESTMENT	MATURITY DATE	INTEREST RATE			ACQUISITION DATE	SHARES/PAR VALUE ($)		COST BASIS		VALUE
INTRAOP MEDICAL CORP. (continued)
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	6/10/2021		500,000	$	500,000	$	28
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	6/10/2022		700,000		700,000		38
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	7/12/2019		1,300,000		1,300,000		71
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	7/16/2021		500,000		500,000		27
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	7/31/2020		500,000		500,000		28
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	8/28/2020		750,000		750,000		41
	Convertible Note ^(1)(2)(4)(6)	December 31, 2026		15	%	9/22/2021		500,000		500,000		27
	Preferred Stock - Series C ^*(1)(2)(4)					7/12/2013		26,856,187		26,299,939		0
	Term Note ^(1)(2)(4)(6)	December 31, 2026		8	%	2/10/2017		2,000,000		2,000,000		110
	Term Note ^(1)(2)(4)(6)	December 31, 2026		8	%	2/28/2014		3,000,000		3,000,000		164
												1,523

LYNCEAN TECHNOLOGIES, INC. (0.0%) Semiconductor Equipment	Preferred Stock - Series B ^*(1)(4)					7/3/2018		869,792		1,000,000		0

REVASUM, INC. (0.0%) Semiconductor Equipment	CDIs ^*(2)(4)					11/14/2016 - 10/3/2022		39,774,889		9,268,218		0

PORTFOLIO
COMPANY
(% OF NET
ASSETS)
AND INDUSTRY

TYPE OF
INVESTMENT

ACQUISITION
DATE

SHARES/PAR
VALUE ($)

COST BASIS

VALUE

UCT COATINGS, INC.
((71.3%))
Advanced Materials

Common Stock ^*(1)(3)(4)

4/18/2011

1,500,000

662,235

167,642

WRIGHTSPEED, INC.

(0.0%)
Automotive

Common Stock ^*(1)(2)(4)

6/7/2019

69,102

7,460,851

Preferred Stock - Series AA ^*(1)(2)(4)

6/7/2019 -- 7/20/2020

60,733,693

17,355,887

INVESTMENT COMPANY
((23.9%))

Fidelity Investments Money Market Treasury Portfolio - Class I 3.66%⁽⁵⁾⁽⁷⁾

Various

56,271

56,271

TOTAL INVESTMENTS
(Cost $89,914,530)
— (95.8%)

225,436

OTHER LIABILITIES IN EXCESS OF OTHER ASSETS — 195.8%

(460,564

)

NET ASSETS — 100.0%

(235,128

)

PORTFOLIO COMPANY (% OF NET ASSETS) AND INDUSTRY	TYPE OF INVESTMENT	MATURITY DATE	INTEREST RATE			ACQUISITION DATE	SHARES/PAR VALUE ($)		COST BASIS		VALUE
EQX CAPITAL, INC.
(2.8%) Equipment Leasing	Common Stock ^*(1)(2)(4)					6/10/2016		100,000	$	20,000	$	0
	Preferred Stock - Series A ^*(1)(2)(4)					6/10/2016-11/7/2016		1,930,000		1,930,000		29,466
												29,466

INTRAOP MEDICAL CORP.
(2.4%) Medical Devices	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	10/11/2019		500,000		500,000		454
	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	10/22/2021		1,000,000		1,000,000		909
	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	10/29/2019		500,000		500,000		454
	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	10/6/2021		500,000		500,000		455
	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	11/12/2021		500,000		500,000		455
	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	11/29/2021		500,000		500,000		455
	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	12/31/2018		10,961,129		10,961,129		9,966
	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	2/27/2020		1,000,000		1,000,000		909
	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	2/28/2022		200,000		200,000		182
	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	3/25/2020		500,000		500,000		455
	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	3/30/2022		150,000		150,000		136

PORTFOLIO COMPANY (% OF NET ASSETS) AND INDUSTRY	TYPE OF INVESTMENT	MATURITY DATE	INTEREST RATE			ACQUISITION DATE	SHARES/PAR VALUE ($)		COST BASIS		VALUE
INTRAOP MEDICAL CORP. (continued)
	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	3/8/2020		400,000	$	400,000	$	364
	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	4/20/2021		1,000,000		1,000,000		909
	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	4/6/2022		350,000		350,000		318
	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	6/10/2021		500,000		500,000		455
	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	6/10/2022		700,000		700,000		636
	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	7/12/2019		1,300,000		1,300,000		1,182
	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	7/16/2021		500,000		500,000		455
	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	7/31/2020		500,000		500,000		455
	Convertible Note ^(1)(2)(4)(6)	12/31/2025				8/28/2020		750,000		750,000		682
	Convertible Note ^(1)(2)(4)(6)	12/31/2025		15	%	9/22/2021		500,000		500,000		455
	Preferred Stock - Series C ^*(1)(2)(4)					7/12/2013		26,856,187		26,299,939		0
	Term Note ^(1)(2)(4)(6)	12/31/2025		8	%	2/10/2017		2,000,000		2,000,000		1,818
	Term Note ^(1)(2)(4)(6)	12/31/2025		8	%	2/28/2014		3,000,000		3,000,000		2,728
												25,287

PORTFOLIO COMPANY (% OF NET ASSETS) AND INDUSTRY	TYPE OF INVESTMENT	MATURITY DATE	INTEREST RATE			ACQUISITION DATE	SHARES/PAR VALUE ($)		COST BASIS		VALUE
LYNCEAN TECHNOLOGIES, INC. (0.0%) Semiconductor Equipment	Preferred Stock - Series B ^*(1)(4)					7/3/2018		869,792	$	1,000,000	$	0

REVASUM, INC. (0.0%) Semiconductor Equipment	CDIs ^*(2)(4)					11/14/2016-10/3/2022		39,774,889		9,268,218		0

UCT COATINGS, INC. (24.5%) Advanced Materials	Common Stock ^*(1)(3)(4)					4/18/2011		1,500,000		662,235		260,497

WRIGHTSPEED, INC.
(0.0%) Automotive	Common Stock ^*(1)(2)(4)					6/7/2019		69,102		7,460,851		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	1/10/2023		100,000		100,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	10/20/2021		1,000,000		1,000,000		0
	Convertible Note^(1)(2)(4)(6)	6/30/2025		12	%	10/21/2022		135,000		135,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	10/23/2020		1,050,000		1,050,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	10/5/2021		700,000		700,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	11/11/2020		400,000		400,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	11/14/2022		165,000		165,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	11/23/2021		1,000,000		1,000,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	11/24/2020		375,000		375,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	12/23/2020		2,000,000		2,000,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	12/11/2020		400,000		400,000		0

PORTFOLIO COMPANY (% OF NET ASSETS) AND INDUSTRY	TYPE OF INVESTMENT	MATURITY DATE	INTEREST RATE			ACQUISITION DATE	SHARES/PAR VALUE ($)		COST BASIS		VALUE
WRIGHTSPEED, INC. (continued)

	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	12/28/2021		1,000,000	$	1,000,000	$	0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	12/9/2022		125,000		125,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	2/23/2021		1,400,000		1,400,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	2/23/2022		200,000		200,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	3/11/2022		185,000		185,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	4/12/2021		1,200,000		1,200,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	4/14/2022		65,000		65,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	5/10/2022		250,000		250,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	5/18/2021		1,000,000		1,000,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	5/26/2022		250,000		250,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	6/10/2022		250,000		250,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	6/22/2021		1,000,000		1,000,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	6/28/2022		250,000		250,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	6/7/2019		4,929,015		4,929,015		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	7/13/2022		250,000		250,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	7/26/2021		1,000,000		1,000,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	7/28/2022		250,000		250,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	8/12/2020		750,000		750,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	8/12/2022		250,000		250,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	8/19/2021		1,000,000		1,000,000		0
	Convertible Note ^(1)(2)(4)(6)	6/30/2025		12	%	9/10/2022		900,000		900,000		0

PORTFOLIO
COMPANY
(% OF NET
ASSETS)
AND INDUSTRY

TYPE OF
INVESTMENT

MATURITY DATE

INTEREST

RATE

ACQUISITION
DATE

SHARES/PAR
VALUE ($)

COST BASIS

VALUE

WRIGHTSPEED, INC. (continued)

Convertible Note ^(1)(2)(4)(6)

6/30/2025

9/22/2021

300,000

Preferred Stock - Series AA ^*(1)(2)(4)

6/7/2019 - 7/20/2020

60,733,693

17,355,887

INVESTMENT COMPANY
(70.3%)

Fidelity Investments Money Market Treasury Portfolio - Class I 4.34% ⁽⁵⁾⁽⁷⁾

Various

745,224

745,224

TOTAL INVESTMENTS
(Cost $116,682,498)
— 100.0%

1,060,474

OTHER ASSETS IN EXCESS OF LIABILITIES — 0.0%

205

NET ASSETS — 100.0%

1,060,679