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Consolidated Schedule of Investments
3 Months Ended 12 Months Ended
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Tax Basis of Investments, Gross, Unrealized Appreciation $ 10,400,000 $ 12,600,000
Cost 155,774,339 133,274,339
Fair Value 163,301,338 144,195,000
OTHER ASSETS IN EXCESS OF LIABILITIES–16.1% 31,432,284 30,087,891
NET ASSETS–100.0% 194,733,622 174,282,891
Tax Basis of Investments, Unrealized Appreciation (Depreciation), Net 9,100,000  
Tax Basis of Investments, Cost for Income Tax Purposes 154,200,000 131,600,000
Total Senior Secured Notes    
Cost 53,642,454 48,167,603
Fair Value 53,642,454 48,167,603
Senior Secured Note – First Lien–9.1%    
Cost 17,700,000 17,700,000
Fair Value $ 17,700,000 $ 17,700,000
Senior Secured Note – First Lien–9.1% | Polyform Products, Co.    
Interest Rate 0.160 0.160
Senior Secured Note – First Lien–9.1% | Polyform Products, Co. | Hobby Goods and Supplies    
Principal Amount / No. Shares $ 15,700,000 $ 15,700,000
Cost 15,700,000 15,700,000
Fair Value $ 15,700,000 $ 15,700,000
Senior Secured Note – First Lien–9.1% | Roundtables [Member]    
Interest Rate 0.080 0.080
Senior Secured Note – First Lien–9.1% | Roundtables [Member] | Information Services and Advisory Solutions [Member]    
Principal Amount / No. Shares $ 2,000,000 $ 2,000,000
Cost 2,000,000 2,000,000
Fair Value 2,000,000 2,000,000
Senior Secured Note – Second Lien–18.5%    
Cost 35,942,454 30,467,603
Fair Value $ 35,942,454 $ 30,467,603
Senior Secured Note – Second Lien–18.5% | Roundtables [Member]    
Interest Rate 0.160 0.160
Senior Secured Note – Second Lien–18.5% | Roundtables [Member] | Information Services and Advisory Solutions [Member]    
Principal Amount / No. Shares $ 12,114,338 $ 12,114,338
Cost 12,114,338 12,114,338
Fair Value $ 12,114,338 $ 12,114,338
Senior Secured Note – Second Lien–18.5% | Blue Ridge [Member]    
Interest Rate 0.150  
Senior Secured Note – Second Lien–18.5% | Blue Ridge [Member] | Business Services [Member]    
Principal Amount / No. Shares $ 2,640,844  
Cost 2,640,844  
Fair Value $ 2,640,844  
Senior Secured Note – Second Lien–18.5% | Lawn Doctor, Inc.    
Interest Rate 0.160 0.160
Senior Secured Note – Second Lien–18.5% | Lawn Doctor, Inc. | Commercial and Professional Services    
Principal Amount / No. Shares $ 15,000,000 $ 15,000,000
Cost 15,000,000 15,000,000
Fair Value $ 15,000,000 $ 15,000,000
Senior Secured Note – Second Lien–18.5% | Milton [Member]    
Interest Rate 0.150 0.150
Senior Secured Note – Second Lien–18.5% | Milton [Member] | Manufacturing [Member]    
Principal Amount / No. Shares $ 3,353,265 $ 3,353,265
Cost 3,353,265 3,353,265
Fair Value $ 3,353,265 3,353,265
Senior Secured Note – Second Lien–18.5% | Resolution Economics [Member]    
Interest Rate 0.150  
Senior Secured Note – Second Lien–18.5% | Resolution Economics [Member] | Business Services [Member]    
Principal Amount / No. Shares $ 2,834,007  
Cost 2,834,007  
Fair Value 2,834,007  
Equity–56.3%    
Cost 102,131,885 85,106,736
Fair Value 109,658,884 96,027,397
Equity–56.3% | Polyform Products, Co. | Hobby Goods and Supplies    
Principal Amount / No. Shares 10,820 10,820
Cost 15,598,788 15,598,788
Fair Value 14,703,000 15,600,000
Equity–56.3% | Roundtables [Member] | Information Services and Advisory Solutions [Member]    
Principal Amount / No. Shares 32,386 32,386
Cost 32,385,662 32,385,662
Fair Value 31,000,000 32,385,662
Equity–56.3% | Blue Ridge [Member] | Business Services [Member]    
Principal Amount / No. Shares 9,859  
Cost 9,859,156  
Fair Value 9,859,156  
Equity–56.3% | Lawn Doctor, Inc. | Commercial and Professional Services    
Principal Amount / No. Shares 7,746 7,746
Cost 30,475,551 30,475,551
Fair Value 40,284,000 41,395,000
Equity–56.3% | Milton [Member] | Manufacturing [Member]    
Principal Amount / No. Shares 6,647 6,647
Cost 6,646,735 6,646,735
Fair Value 6,646,735 $ 6,646,735
Equity–56.3% | Resolution Economics [Member] | Business Services [Member]    
Principal Amount / No. Shares 7,166  
Cost 7,165,993  
Fair Value $ 7,165,993