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CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (USD $)
6 Months Ended12 Months Ended
Sep. 30, 2011
Mar. 31, 2011
Cost$ 101,643,000$ 98,354,000
Value443,928,000489,272,000
ALAMO GROUP INC. [Member]
  
LocationSeguin, Texas[1],[2]Seguin, Texas[1],[2]
Description of CompanyTractor-mounted mowing and mobile excavation equipment for governmental, industrial and agricultural markets; street-sweeping equipment for municipalities.[1],[2]Tractor-mounted mowing and mobile excavation equipment for governmental, industrial and agricultural markets; street-sweeping equipment for municipalities.[1],[2]
Equity (in hundredths)22.00%[1],[2],[3]22.00%[1],[2],[3]
Equity (in hundredths)22.00%[1],[2],[3]22.00%[1],[2],[3]
Investment2,832,300 shares common stock (acquired 4-1-73 thru 5-09-11)[1],[2],[4]2,832,300 shares common stock (acquired 4-1-73 thru 5-09-11)[1],[2],[4]
Cost2,190,937[1],[2]2,190,937[1],[2]
Value47,441,025[1],[2],[5]62,266,600[1],[2],[5]
ALL COMPONENTS, INC. [Member]
  
Location Pflugerville, Texas
Description of Company Electronics contract manufacturing; distribution and production of memory and other components for computer manufacturers, retailers and value-added resellers.
Equity (in hundredths) 80.40%[3]
Equity (in hundredths) 80.40%[3]
Investment Warrant to purchase 350,000 shares of common stock at $11.00 per share, expiring 2017 (acquired 6-27-07)[4]
Cost 2,150,000
Value 13,499,940[5]
ALL COMPONENTS, INC. [Member] | Investment Type 1 [Member]
  
Investment 8.25% subordinate note, $2,000,000 principal due 2012 (acquired 6-27-07)[4]
Cost 2,000,000
Value 2,000,000[5]
ALL COMPONENTS, INC. [Member] | Investment Type 2 [Member]
  
Investment 150,000 shares Series A Convertible Preferred Stock; convertible into 600,000 shares of common stock at $0.25 per share (acquired 9-16-94)[4]
Cost 150,000
Value 8,431,388[5]
ALL COMPONENTS, INC. [Member] | Investment Type 3 [Member]
  
Investment 150,000 shares Series A Convertible Preferred Stock; convertible into 600,000 shares of common stock at $0.25 per share (acquired 9-16-94)[4]
Cost 150,000
Value 8,431,388[5]
ALL COMPONENTS, INC. [Member] | Investment Type 4 [Member]
  
Investment Warrant to purchase 350,000 shares of common stock at $11.00 per share, expiring 2017 (acquired 6-27-07)[4]
Cost 0
Value 3,068,552[5]
ATLANTIC CAPITAL BANCSHARES, INC. [Member]
  
LocationAtlanta, GeorgiaAtlanta, Georgia
Description of CompanyHolding company of Atlantic Capital Bank, a full service commercial bank.Holding company of Atlantic Capital Bank, a full service commercial bank.
Equity (in hundredths)1.90%[3]1.90%[3]
Equity (in hundredths)1.90%[3]1.90%[3]
Investment300,000 shares common stock (acquired 4-10-07)[4]300,000 shares common stock (acquired 4-10-07)[4]
Cost3,000,0003,000,000
Value1,835,000[5]2,257,000[5]
BALCO, INC. [Member]
  
LocationWichita, Kansas[1]Wichita, Kansas[1]
Description of CompanySpecialty architectural products used in the construction and remodeling of commercial and institutional buildings.[1]Specialty architectural products used in the construction and remodeling of commercial and institutional buildings.[1]
Equity (in hundredths)90.90%[1],[3]90.90%[1],[3]
Equity (in hundredths)90.90%[1],[3]90.90%[1],[3]
Investment445,000 shares common stock and 60,920 shares Class B non-voting common stock (acquired 10-25-83 and 5-30-02)[1],[4]445,000 shares common stock and 60,920 shares Class B non-voting common stock (acquired 10-25-83 and 5-30-02)[1],[4]
Cost624,920[1]624,920[1]
Value4,400,000[1],[5]5,200,000[1],[5]
BALCO, INC. [Member] | Investment Type 1 [Member]
  
Investment445,000 shares common stock and 60,920 shares Class B non-voting common stock (acquired 10-25-83 and 5-30-02)[1],[4]445,000 shares common stock and 60,920 shares Class B non-voting common stock (acquired 10-25-83 and 5-30-02)[1],[4]
Cost 624,920[1]
Value 5,200,000[1],[5]
BOXX TECHNOLOGIES, INC. [Member]
  
LocationAustin, Texas[6]Austin, Texas[6]
Description of CompanyWorkstations for computer graphic imaging and design.[6]Workstations for computer graphic imaging and design.[6]
Equity (in hundredths)14.90%[3],[6]14.90%[3],[6]
Equity (in hundredths)14.90%[3],[6]14.90%[3],[6]
Investment3,125,354 shares Series B Convertible Preferred Stock, convertible into 3,125,354 shares of common stock at $0.50 per share (acquired 8-20-99 thru 8-8-01)[4],[6]3,125,354 shares Series B Convertible Preferred Stock, convertible into 3,125,354 shares of common stock at $0.50 per share (acquired 8-20-99 thru 8-8-01)[4],[6]
Cost1,500,000[6]1,500,000[6]
Value363,328[5],[6]2[5],[6]
CINATRA CLEAN TECHNOLOGIES, INC. [Member]
  
LocationHouston, TexasHouston, Texas
Description of CompanyCleans above ground oil storage tanks with a patented, automated system.Cleans above ground oil storage tanks with a patented, automated system.
Equity (in hundredths)73.40%[3]68.80%[3]
Equity (in hundredths)73.40%[3]68.80%[3]
InvestmentWarrants to purchase 1,269,833 shares of common stock at $1.00 per share, expiring 2021 (acquired 5-9-11 thru 8-31-11)[4]3,033,410 shares Series A Convertible Preferred Stock, convertible into 3,033,410 shares common stock at $1.00 per share (acquired 7-14-08 thru 11-18-10)[4]
Cost13,182,89210,124,714
Value10,589,189[5]10,124,714[5]
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 1 [Member]
  
Investment 12% subordinated secured promissory note, due 2012 (acquired 5-19-10 thru 10-20-10)[4]
Cost 890,604
Value 890,604[5]
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 2 [Member]
  
Investment 10% subordinated secured promissory note, due 2013 (acquired 7-14-08 thru 4-28-10)[4]
Cost 6,200,700
Value 6,200,700[5]
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 3 [Member]
  
Investment 3,033,410 shares Series A Convertible Preferred Stock, convertible into 3,033,410 shares common stock at $1.00 per share (acquired 7-14-08 thru 11-18-10)[4]
Cost 3,033,410
Value 3,033,410[5]
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 4 [Member]
  
Investment12% subordinated secured promissory note, due 2015 (acquired 5-19-10 thru 10-20-10)[4] 
Cost779,278 
Value779,278[5] 
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 5 [Member]
  
Investment12% subordinated secured promissory note, due 2016 (acquired 5-9-11 thru 8-31-11)[4] 
Cost1,950,464 
Value1,950,464[5] 
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 6 [Member]
  
Investment12% subordinated secured promissory note, due 2016 (acquired 9-9-11)[4] 
Cost1,219,040 
Value1,219,040[5] 
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 7 [Member]
  
Investment10% subordinated secured promissory note, due 2016 (acquired 7-14-08 thru 4-28-10)[4] 
Cost6,200,700 
Value6,200,700[5] 
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 8 [Member]
  
Investment3,033,410 shares Series A Convertible Preferred Stock, convertible into 3,033,410 shares common stock at $1.00 per share (acquired 7-14-08 thru 11-18-10)[4] 
Cost3,033,410 
Value439,707[5] 
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 9 [Member]
  
InvestmentWarrants to purchase 1,269,833 shares of common stock at $1.00 per share, expiring 2021 (acquired 5-9-11 thru 8-31-11)[4] 
Cost0 
Value0[5] 
ENCORE WIRE CORPORATION [Member]
  
LocationMcKinney, Texas[2],[6]McKinney, Texas[2],[6]
Description of CompanyElectric wire and cable for residential, commercial and industrial construction use.[2],[6]Electric wire and cable for residential, commercial and industrial construction use.[2],[6]
Equity (in hundredths)16.90%[2],[3],[6]16.90%[2],[3],[6]
Equity (in hundredths)16.90%[2],[3],[6]16.90%[2],[3],[6]
Investment4,086,750 shares common stock (acquired 7-16-92 thru 10-7-98)[2],[4],[6]4,086,750 shares common stock (acquired 7-16-92 thru 10-7-98)[2],[4],[6]
Cost5,800,000[2],[6]5,800,000[2],[6]
Value75,604,875[2],[5],[6]81,735,000[2],[5],[6]
EXTREME INTERNATIONAL, INC. [Member]
  
LocationSugar Land, TexasSugar Land, Texas
Description of CompanyOwns Bill Young Productions, Texas Video and Post, and Extreme and television commercials and corporate communications videos.Owns Bill Young Productions, Texas Video and Post, and Extreme and television commercials and corporate communications videos.
Equity (in hundredths)53.60%[3]53.60%[3]
Equity (in hundredths)53.60%[3]53.60%[3]
Cost3,325,8753,325,875
Value10,748,000[5]11,603,000[5]
EXTREME INTERNATIONAL, INC. [Member] | Investment Type 1 [Member]
  
Investment13,035 shares Series A Common Stock (acquired 9-26-08 and 12-18-08)[4]13,035 shares Series A Common Stock (acquired 9-26-08 and 12-18-08)[4]
Cost325,875325,875
Value755,000[5]815,000[5]
EXTREME INTERNATIONAL, INC. [Member] | Investment Type 2 [Member]
  
Investment39,359.18 shares Series C Convertible Preferred Stock, convertible into 157,437.72 shares of common stock at $25.00 per share (acquired 9-30-03)[4]39,359.18 shares Series C Convertible Preferred Stock, convertible into 157,437.72 shares of common stock at $25.00 per share (acquired 9-30-03)[4]
Cost2,625,0002,625,000
Value9,124,000[5]9,850,000[5]
EXTREME INTERNATIONAL, INC. [Member] | Investment Type 3 [Member]
  
Investment3,750 shares 8 Series A Convertible Preferred Stock, convertible into 15,000 shares of common stock at $25.00 per share (acquired 9-30-03)[4]3,750 shares 8 Series A Convertible Preferred Stock, convertible into 15,000 shares of common stock at $25.00 per share (acquired 9-30-03)[4]
Cost375,000375,000
Value869,000[5]938,000[5]
HEELYS, INC. [Member]
  
LocationCarrollton, Texas[1],[2]Carrollton, Texas[1],[2]
Description of CompanyHeelys stealth skate shoes, equipment and apparel sold through sporting goods chains, department stores and footwear retailers.[1],[2]Heelys stealth skate shoes, equipment and apparel sold through sporting goods chains, department stores and footwear retailers.[1],[2]
Equity (in hundredths)31.10%[1],[2],[3]31.60%[1],[2],[3]
Equity (in hundredths)31.10%[1],[2],[3]31.60%[1],[2],[3]
Investment9,317,310  shares common stock (acquired 5-26-00)[1],[2],[4]9,317,310  shares common stock (acquired 5-26-00)[1],[2],[4]
Cost102,490[1],[2]102,490[1],[2]
Value16,938,870[1],[2],[5]19,193,659[1],[2],[5]
HOLOGIC, INC. [Member]
  
LocationBedford, Massachusetts[2]Bedford, Massachusetts[2]
Description of CompanyMedical instruments including bone densitometers, mammography devices and digital radiography systems.[2]Medical instruments including bone densitometers, mammography devices and digital radiography systems.[2]
Equity (in hundredths)< 1%[2],[3]< 1%[2],[3]
Investment632,820 shares common stock (acquired 8-27-99)[2],[4]632,820 shares common stock (acquired 8-27-99)[2],[4],[7]
Cost220,000[2]220,000[2]
Value9,625,192[2],[5]14,042,276[2],[5]
iMEMORIES, INC. [Member]
  
LocationScottsdale, ArizonaScottsdale, Arizona
Description of CompanyEnables online video and photo sharing and DVD creation for home movies recorded in analog and new digital format.Enables online video and photo sharing and DVD creation for home movies recorded in analog and new digital format.
Equity (in hundredths)29.70%[3]27.20%[3]
Equity (in hundredths)29.70%[3]27.20%[3]
Cost5,078,4795,000,000
Value5,078,479[5]5,000,000[5]
iMEMORIES, INC. [Member] | Investment Type 1 [Member]
  
Investment17,391,304 shares Series B Convertible Preferred Stock, convertible into 17,391,304 shares of common stock at $0.23 per share (acquired 7-10-09)[4]17,391,304 shares Series B Convertible Preferred Stock, convertible into 17,391,304 shares of common stock at $0.23 per share (acquired 7-10-09)[4]
Cost4,000,0004,000,000
Value4,000,000[5]4,000,000[5]
iMEMORIES, INC. [Member] | Investment Type 2 [Member]
  
Investment4,684,967 shares Series C Convertible Preferred Stock, convertible into 4,684,967 shares of common stock at $0.23 per share (acquired 7-20-11)[4] 
Cost1,078,479 
Value1,078,479[5] 
iMEMORIES, INC. [Member] | Investment Type 3 [Member]
  
InvestmentWarrants to purchase 2,500,000  shares of common stock at $0.12 per share, expiring 2020 (acquired 9-13-10 thru 1-21-11)[4] 
Cost0 
Value0[5] 
iMEMORIES, INC. [Member] | Investment Type 4 [Member]
  
Investment 10% convertible promissory note, due 2012 (acquired 9-13-10)[4]
Cost 1,000,000
Value 1,000,000[5]
iMEMORIES, INC. [Member] | Investment Type 5 [Member]
  
Investment Warrant to purchase 968,750 shares of common stock at $0.12 per share, expiring 2020 (acquired 9-13-10)[4]
Cost 0
Value 0[5]
INSTAWARES HOLDING COMPANY, LLC [Member]
  
LocationAtlanta, Georgia 
Description of CompanyProvides services to the    restaurant industry via its five subsidiary companies. 
Equity (in hundredths)4.40%[3] 
Equity (in hundredths)4.40%[3] 
Investment3,846,154 Class D shares (acquired 5-20-11)[4] 
Cost5,000,000 
Value5,000,000[5] 
KBI BIOPHARMA, INC. [Member]
  
LocationDurham, North CarolinaDurham, North Carolina
Description of CompanyProvides fully-integrated, outsourced drug development and bio-manufacturing services.Provides fully-integrated, outsourced drug development and bio-manufacturing services.
Equity (in hundredths)17.10%[3]17.10%[3]
Equity (in hundredths)17.10%[3]17.10%[3]
Investment7,142,857 shares Series B-2 Convertible Preferred Stock, convertible into 10,204,082 shares of common stock at $0.49 per share (acquired 9-08-09)[4]7,142,857 shares Series B-2 Convertible Preferred Stock, convertible into 10,204,082 shares of common stock at $0.49 per share (acquired 9-08-09)[4]
Cost5,000,0005,000,000
Value1,600,000[5]4,200,000[5]
MEDIA RECOVERY, INC. [Member]
  
LocationDallas, Texas[1]Dallas, Texas[1]
Description of CompanyComputer datacenter and office automation supplies and accessories; impact, tilt monitoring and temperature sensing devices to detect mishandling shipments; dunnage for protecting shipments.[1]Computer datacenter and office automation supplies and accessories; impact, tilt monitoring and temperature sensing devices to detect mishandling shipments; dunnage for protecting shipments.[1]
Equity (in hundredths)97.90%[1],[3]97.50%[1],[3]
Equity (in hundredths)97.90%[1],[3]97.50%[1],[3]
Cost5,415,000[1]5,415,000[1]
Value16,400,000[1],[5]18,100,000[1],[5]
MEDIA RECOVERY, INC. [Member] | Investment Type 1 [Member]
  
Investment800,000 shares Series A Convertible Preferred Stock, convertible into 800,000 shares of common stock at $1.00 per share (acquired 11-4-97)[1],[4]800,000 shares Series A Convertible Preferred Stock, convertible into 800,000 shares of common stock at $1.00 per share (acquired 11-4-97)[1],[4]
Cost800,000[1]800,000[1]
Value2,700,000[1],[5]3,000,000[1],[5]
MEDIA RECOVERY, INC. [Member] | Investment Type 2 [Member]
  
Investment4,000,002 shares common stock (acquired 11-4-97)[1],[4]4,000,002 shares common stock (acquired 11-4-97)[1],[4]
Cost4,615,000[1]4,615,000[1]
Value13,700,000[1],[5]15,100,000[1],[5]
PALLETONE, INC. [Member]
  
LocationBartow, Florida[6]Bartow, Florida[6]
Description of CompanyManufacturer of wooden pallets and pressure-treated lumber.[6]Manufacturer of wooden pallets and pressure-treated lumber.[6]
Equity (in hundredths)8.40%[3],[6]8.40%[3],[6]
Equity (in hundredths)8.40%[3],[6]8.40%[3],[6]
Cost1,748,896[6]1,748,896[6]
Value2,000,002[5],[6]1,600,002[5],[6]
PALLETONE, INC. [Member] | Investment Type 1 [Member]
  
Investment12.3% senior subordinated notes, $2,000,000 principal due 2015 (acquired  9-25-06)[4],[6]12.3% senior subordinated notes, $2,000,000 principal due 2015 (acquired  9-25-06)[4],[6]
Cost1,553,150[6]1,553,150[6]
Value2,000,000[5],[6]1,600,000[5],[6]
PALLETONE, INC. [Member] | Investment Type 2 [Member]
  
Investment150,000 shares common stock (acquired 10-18-01)[4],[6]150,000 shares common stock (acquired 10-18-01)[4],[6]
Cost150,000[6]150,000[6]
Value2[5],[6]2[5],[6]
PALLETONE, INC. [Member] | Investment Type 3 [Member]
  
InvestmentWarrant to purchase 15,294 shares of common stock at $1.00 per share, expiring 2011 (acquired 2-17-06)[4],[6]Warrant to purchase 15,294 shares of common stock at $1.00 per share, expiring 2011 (acquired 2-17-06)[4],[6]
Cost45,746[6]45,746[6]
Value0[5],[6]0[5],[6]
PALM HARBOR HOMES, INC. [Member]
  
LocationDallas, Texas[1],[2]Dallas, Texas[1],[2]
Description of CompanyIntegrated manufacturing, retailing, financing and insuring of manufactured housing and modular homes.[1],[2]Integrated manufacturing, retailing, financing and insuring of manufactured housing and modular homes.[1],[2]
Equity (in hundredths)30.40%[1],[2],[3]30.40%[1],[2],[3]
Equity (in hundredths)30.40%[1],[2],[3]30.40%[1],[2],[3]
Cost10,931,955[1],[2]10,931,955[1],[2]
Value2[1],[2],[5]2[1],[2],[5]
PALM HARBOR HOMES, INC. [Member] | Investment Type 1 [Member]
  
Investment7,855,121 shares common stock (acquired 1-3-85 thru 7-31-95)[1],[2],[4]7,855,121 shares common stock (acquired 1-3-85 thru 7-31-95)[1],[2],[4]
Cost10,931,955[1],[2]10,931,955[1],[2]
Value2[1],[2],[5]2[1],[2],[5]
PALM HARBOR HOMES, INC. [Member] | Investment Type 2 [Member]
  
InvestmentWarrant to purchase 286,625 shares of common stock at $3.14 per share, expiring 2019 (acquired 4-24-09)[1],[2],[4]Warrant to purchase 286,625 shares of common stock at $3.14 per share, expiring 2019 (acquired 4-24-09)[1],[2],[4]
Cost0[1],[2]0[1],[2]
Value0[1],[2],[5]0[1],[2],[5]
PHI HEALTH, INC. [Member]
  
Location Richardson, Texas
Description of Company Develops and sells cardiac MRI systems and software.
Equity (in hundredths) 67.00%[3]
Equity (in hundredths) 67.00%[3]
Cost 5,752,339
Value 5,752,339[5]
PHI HEALTH, INC. [Member] | Investment Type 1 [Member]
  
Investment 1,559,111 shares Series A-1 Convertible Preferred Stock convertible into 1,559,111 shares of common stock at $0.0015 per share (acquired 1-27-11)[4]
Cost 2,339
Value 2,339[5]
PHI HEALTH, INC. [Member] | Investment Type 2 [Member]
  
Investment 555,556 shares Series B-1 Convertible Preferred Stock convertible into 555,556 shares common stock at $2.25 per share (acquired 1-27-11)[4]
Cost 1,250,000
Value 1,250,000[5]
PHI HEALTH, INC. [Member] | Investment Type 3 [Member]
  
Investment 4,500,000 Shares Series C-1 Convertible Preferred Stock convertible into 4,500,000 shares common stock at $0.20 per share (acquired 1-7-11 and 1-27-11)[4]
Cost 4,500,000
Value 4,500,000[5]
THE RECTORSEAL CORPORATION [Member]
  
LocationHouston, Texas[1]Houston, Texas[1]
Description of CompanySpecialty chemicals for plumbing, HVAC, electrical, construction, industrial, oil field and automotive applications; smoke containment systems for building fires; also owns 20 of The Whitmore Manufacturing Company.[1]Specialty chemicals for plumbing, HVAC, electrical, construction, industrial, oil field and automotive applications; smoke containment systems for building fires; also owns 20 of The Whitmore Manufacturing Company.[1]
Equity (in hundredths)100.00%[1],[3]100.00%[1],[3]
Equity (in hundredths)100.00%[1],[3]100.00%[1],[3]
Investment27,907 shares common stock (acquired 1-5-73 and 3-31-73)[1],[4]27,907 shares common stock (acquired 1-5-73 and 3-31-73)[1],[4]
Cost52,600[1]52,600[1]
Value141,300,000[1],[5]144,700,000[1],[5]
TCI HOLDINGS, INC. [Member]
  
LocationDenver, ColoradoDenver, Colorado
Description of CompanyCable television systems and microwave relay systems.Cable television systems and microwave relay systems.
Equity (in hundredths)0.00%[3]0.00%[3]
Equity (in hundredths)0.00%[3]0.00%[3]
Investment21 shares 12% Series C Cumulative Compounding Preferred Stock (acquired 1-30-90)[4]21 shares 12% Series C Cumulative Compounding Preferred Stock (acquired 1-30-90)[4]
Cost00
Value826,115[5]840,778[5]
TEXAS CAPITAL BANCSHARES, INC. [Member]
  
LocationDallas, Texas[2]Dallas, Texas[2]
Description of CompanyRegional bank holding company with banking operations in six Texas cities.[2]Regional bank holding company with banking operations in six Texas cities.[2]
Equity (in hundredths)1.30%[2],[3]1.60%[2],[3]
Equity (in hundredths)1.30%[2],[3]1.60%[2],[3]
Investment489,656 shares common stock (acquired 5-1-00)[2],[4],[7]489,656 shares common stock (acquired 5-1-00)[2],[4],[7]
Cost3,550,006[2]3,550,006[2]
Value11,188,640[2],[5]12,711,470[2],[5]
TRAX HOLDINGS, INC. [Member]
  
LocationScottsdale, ArizonaScottsdale, Arizona
Description of CompanyProvides a comprehensive set of solutions to improve the transportation validation, accounting, payment and information management process.Provides a comprehensive set of solutions to improve the transportation validation, accounting, payment and information management process.
Equity (in hundredths)29.60%[3]30.70%[3]
Equity (in hundredths)29.60%[3]30.70%[3]
Cost7,650,0005,000,000
Value8,450,000[5]5,758,030[5]
TRAX HOLDINGS, INC. [Member] | Investment Type 1 [Member]
  
Investment18% convertible  promissory note, 3,200,000 principal  due 2012 (acquired 4-6-11 thru 5-6-11)[4] 
Cost2,650,000 
Value2,650,000[5] 
TRAX HOLDINGS, INC. [Member] | Investment Type 2 [Member]
  
Investment1,061,279 shares Series A Convertible Preferred Stock, convertible into 1,061,279 common stock at $4.64 per share (acquired 12-8-08 and 2-17-09)[4]1,061,279 shares Series A Convertible Preferred Stock, convertible into 1,061,279 common stock at 4.64 per share acquired 12-8-08 and 2-17-09)[4]
Cost5,000,0005,000,000
Value5,800,000[5]5,758,030[5]
VIA HOLDINGS, INC. [Member]
  
LocationSparks, NevadaSparks, Nevada
Description of CompanyDesigner, manufacturer and distributor of high-quality office seating.Designer, manufacturer and distributor of high-quality office seating.
Equity (in hundredths)3.20%[3]28.10%[3]
Equity (in hundredths)3.20%[3]28.10%[3]
Investment12,686 shares common stock (acquired 3-4-11 and 3-25-11)[4]12,686 shares common stock (acquired 3-4-11 and 3-25-11)[4]
Cost4,926,2904,926,290
Value2[5]4[5]
WELLOGIX, INC. [Member]
  
LocationHouston, Texas[6]Houston, Texas[6]
Description of CompanyDeveloper and supporter of software used by the oil and gas industry.[6]Developer and supporter of software used by the oil and gas industry.[6]
Equity (in hundredths)19.20%[3],[6]19.20%[3],[6]
Equity (in hundredths)19.20%[3],[6]19.20%[3],[6]
Investment4,788,371 shares of common stock at $1.0441 per share (acquired 8-19-05 thru 6-15-08)[4],[6]4,788,371 shares of common stock at $1.0441 per share (acquired 8-19-05 thru 6-15-08)[4],[6]
Cost5,000,000[6]5,000,000[6]
Value2[5],[6]2[5],[6]
THE WHITMORE MANUFACTURING COMPANY [Member]
  
LocationRockwall, Texas[1]Rockwall, Texas[1]
Description of CompanySpecialized surface mining, railroad and industrial lubricants; coatings for automobiles and primary metals; fluid contamination control devices.[1]Specialized surface mining, railroad and industrial lubricants; coatings for automobiles and primary metals; fluid contamination control devices.[1]
Equity (in hundredths)80.00%[1],[3]80.00%[1],[3]
Equity (in hundredths)80.00%[1],[3]80.00%[1],[3]
Investment80 shares common stock (acquired 8-31-79)[1],[4]80 shares common stock (acquired 8-31-79)[1],[4]
Cost1,600,000[1]1,600,000[1]
Value59,600,000[1],[5]55,600,000[1],[5]
Ballast Point Ventures II, L.P. [Member]
  
Equity (in hundredths)0.00%[3]0.00%[3]
Equity (in hundredths)0.00%[3]0.00%[3]
Investment2.2% limited partnership interest (acquired 8-4-08 thru 6-18-10)[4]2.2% limited partnership interest (acquired 8-4-08 thru 6-18-10)[4]
Cost1,425,0001,200,000
Value1,425,000[5]1,200,000[5]
BankCap Partners Fund I, L.P. [Member]
  
Equity (in hundredths)0.00%[3]0.00%[3]
Equity (in hundredths)0.00%[3]0.00%[3]
Investment5.5% limited partnership interest (acquired 7-14-06 thru 5-2-11)[4]5.5% limited partnership interest (acquired 7-14-06 thru 5-2-11)[4]
Cost5,762,2705,762,270
Value5,150,520[5]5,101,727[5]
CapitalSouth Partners Fund III, L.P. [Member]
  
Equity (in hundredths)0.00%[3]0.00%[3]
Equity (in hundredths)0.00%[3]0.00%[3]
Investment1.9% limited partnership interest (acquired 1-22-08 and 2-12-09)[4]1.9% limited partnership interest (acquired 1-22-08 and 2-12-09)[4]
Cost831,256831,256
Value862,000[5]790,000[5]
CapStar Holdings Corporation [Member]
  
Equity (in hundredths)100.00%[1],[3]100.00%[1],[3]
Equity (in hundredths)100.00%[1],[3]100.00%[1],[3]
Investment500 shares common stock (acquired 6-10-10)[1],[4]500 shares common stock (acquired 6-10-10)[1],[4]
Cost3,703,619[1]3,703,619[1]
Value4,365,593[1],[5]4,380,481[1],[5]
Diamond State Ventures, L.P. [Member]
  
Equity (in hundredths)0.00%[3]0.00%[3]
Equity (in hundredths)0.00%[3]0.00%[3]
Investment1.4% limited partnership Interest (acquired 10-12-99 thru 8-26-05)[4]1.4% limited partnership Interest (acquired 10-12-99 thru 8-26-05)[4]
Cost76,00076,000
Value174,965[5]177,996[5]
Discovery Alliance, LLC [Member]
  
Equity (in hundredths)0.00%[1],[3]0.00%[1],[3]
Equity (in hundredths)0.00%[1],[3]0.00%[1],[3]
Investment90.0% limited liability company acquired  9-12-08 thru 5-14-10)[1],[4]90.0% limited liability company (acquired  9-12-08 thru 5-14-10)[1],[4]
Cost1,080,000[1]900,000[1]
Value713,904[1],[5]574,488[1],[5]
Essex Capital Corporation [Member]
  
Equity (in hundredths)0.00%0.00%[3]
Equity (in hundredths)0.00%0.00%[3]
Investment10% unsecured promissory note due 8-19-10 acquired 8-16-09)10% unsecured promissory note due 8-19-10 (acquired 8-16-09)[4]
Cost00
Value500,0001,000,000[5]
First Capital Group of Texas III, L.P. [Member]
  
Equity (in hundredths)0.00%[3]0.00%[3]
Equity (in hundredths)0.00%[3]0.00%[3]
Investment3.0% limited partnership interest (acquired 12-26-00 thru 8-12-05)[4]3.0% limited partnership interest (acquired 12-26-00 thru 8-12-05)[4]
Cost778,895778,895
Value611,875[5]407,731[5]
Humac Company [Member]
  
Equity (in hundredths)100.00%[1],[3]100.00%[1],[3]
Equity (in hundredths)100.00%[1],[3]100.00%[1],[3]
Investment1,041,000 shares common stock (acquired 1-31-75 and 12-31-75)[1],[4]1,041,000 shares common stock (acquired 1-31-75 and 12-31-75)[1],[4]
Cost0[1]0[1]
Value147,000[1],[5]166,000[1],[5]
STARTech Seed Fund I [Member]
  
Equity (in hundredths)0.00%[3]0.00%[3]
Equity (in hundredths)0.00%[3]0.00%[3]
Investment12.1% limited partnership interest (acquired 4-17-98 thru 1-5-00)[4]12.1% limited partnership interest (acquired 4-17-98 thru 1-5-00)[4]
Cost178,066178,066
Value40,773[5]52,606[5]
STARTech Seed Fund II [Member]
  
Equity (in hundredths)0.00%[3]0.00%[3]
Equity (in hundredths)0.00%[3]0.00%[3]
Investment3.2% limited partnership interest (acquired 4-28-00 thru 2-23-05)[4]3.2% limited partnership interest (acquired 4-28-00 thru 2-23-05)[4]
Cost843,891843,891
Value317,671[5]317,392[5]
Sterling Group Partners I, L.P. [Member]
  
Equity (in hundredths)0.00%[3]0.00%[3]
Equity (in hundredths)0.00%[3]0.00%[3]
Investment1.6% limited partnership interest (acquired 4-20-01 thru 1-24-05)[4]1.6% limited partnership interest (acquired 4-20-01 thru 1-24-05)[4]
Cost1,064,0421,064,042
Value$ 629,500[5]$ 919,417[5]
[1]Control investment
[2]Publicly-owned company
[3]Equity - The percentages in the "Equity" column express the potential equity interests held by Capital Southwest Corporation and Capital Southwest Venture Corporation (together, the "Company") in each issuer. Each percentage represents the amount of the issuer's common stock the Company owns or can acquire as a percentage of the issuer's total outstanding common stock, plus stock reserved for all warrants, convertible securities and employee stock options.
[4]Investments - Unrestricted securities (indicated by ±) are freely marketable securities having readily available market quotations. All other securities are restricted securities, which are subject to one or more restrictions on resale and are not freely marketable. At September 30, 2011, restricted securities represented approximately 95.3% of the value of the consolidated investment portfolio. Our investments are carried at fair value in accordance with the Investment Company Act of 1940 (the "1940 Act") and FASB Accounting Standards Codification™ (ASC) Topic 820, Fair Value Measurements and Disclosures. In accordance with the 1940 Act, unrestricted minority-owned publicly traded securities, for which the market quotations are readily available, are valued at the closing sale price for the NYSE listed securities and the lower of the closing bid price or the last sale price for NASDAQ securities on the valuation date; and restricted publicly traded securities and other privately held securities are valued as determined in good faith by our Board of Directors. ASC Topic 820 defines fair value in terms of the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the "exit price") and excludes transaction costs. Under ASC Topic 820, the fair value measurement also assumes that the transaction to sell an asset occurs in the principal market for the asset or, in the absence of a principal market, the most advantageous market for the asset. The principal market is the market in which the reporting entity would sell or transfer the asset with the greatest volume and level of activity for the asset. In determining the principal market for an asset or liability under ASC Topic 820, it is assumed that the reporting entity has access to the market as of the measurement date.
[5]Value - Debt Securities are generally valued on the basis of the price the security would command in order to provide a yield-to-maturity equivalent to the present yield of comparable debt instruments of similar quality. Issuers whose debt securities are judged to be of poor quality and doubtful collectability may instead be valued by assigning percentage discounts commensurate with the quality of such debt securities. Debt securities may also be valued based on the resulting value from the sale of the business at the estimated fair market value. Partnership Interests, Preferred Equity and Common Equity, including unrestricted marketable securities are valued at the closing sale price for the NYSE listed securities and the lower of the closing bid price or the last sale price for NASDAQ securities on the valuation date, and restricted marketable securities for which there is a public market are valued at the closing sale price for the NYSE listed securities and the lower of the closing bid price or the last sale price for NASDAQ securities on the valuation date adjusted in good faith by our Board of Directors if they deem a discount or premium would be likely or obtainable upon a sale or transfer of our interest. For those without a principal market, the Board of Directors considers the financial condition and operating results of the issuer; the long-term potential of the business of the issuer; the market for and recent sales prices of the issuer's securities; the values of similar securities issued by companies in similar businesses; the proportion of the issuer's securities owned by the Company; protective put analysis based on the Black-Scholes option pricing model; the nature and duration of resale restrictions; and the nature of any rights enabling the Company to require the issuer to register restricted securities under applicable securities laws. In determining the fair value of restricted securities, the Board of Directors considers the inherent value of such securities without regard to the restrictive feature and adjusts for any diminution in value resulting from restrictions on resale. Investments in certain entities that calculate net asset value per share (or its equivalent) and for which fair market value is not readily determinable, are valued using the net asset value per share (or its equivalent, such as member units or ownership interest in partners' capital to which a proportionate share of net assets is attributed) of the investment. Equity Warrants are valued using the Black-Scholes model which defines the fair value of a warrant in relation to the market price of its common stock, share price volatility, and time to maturity.
[6]Affiliated investment
[7]Unrestricted securities as defined in Note (b)