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Schedule 12-14 (Tables)
 3 Months Ended
Mar. 31, 2026
Schedule 12-14 [Abstract]  
Schedule of Fair Value of Control and Affiliate Investments

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 March 31, 2026.

 

 

Portfolio Company/Type of Investment(1)

 

Principal
Amount/Shares/
Ownership %
at March 31,
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 March 31,
2026

 
Control Investments                                
Advantis Certified Staffing Solutions, Inc.                                
Second Lien Loan, 12.0% Cash, due 11/30/2021(3)  $4,500,000   $
-
   $3,714,696   $
      -
   $
    -
   $
        -
   $(281,067)  $3,433,629 
Unsecured loan Consolidated BL Note 6.33% due 12/31/2027  $1,381,586    21,564    
-
    
-
    
-
    
-
    
-
    
-
 
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    
-
    884,342    
-
    
-
    
-
    (22,155)   862,187 
First lien Revolving Loan 10%, due 5/8/2026 (4)   135,000    
 
    135,000    
-
    
 
    
 
    
-
    135,000 
Rockfish Seafood Grill, Inc.                                        
First Lien Loan, 8% Cash, 6.0% PIK, due 3/31/2018 (2) (3)  $6,352,944    
-
    5,020,776    
-
    
-
    
-
    192,064    5,212,840 
Revolving Loan, 8% Cash, due 12/31/2027  $2,251,000    45,020    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       $66,584   $12,188,395   $
-
   $
-
   $
-
   $(111,158)  $12,077,237 

 

(1)Represents an illiquid investment.

(2)Includes PIK interest.

(3)Non-income producing security.

(4)Represents an investment valued using significant unobservable inputs.

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 March 31, 2025.

 

 

Portfolio Company/Type of Investment (1)

 

Principal Amount/Shares/

Ownership % at March 31, 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 March 31,
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   $
      -
   $
-
   $
        -
   $29,644   $3,866,191 
Unsecured loan Consolidated BL Note 6.33% due 12/31/2027  $1,381,586    21,564    
-
    
-
    
-
    
-
    
-
    
-
 
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    
-
    
-
    
-
    
-
    
-
    
-
    
-
 
Dominion Medical Management, Inc.                                        
First Lien Loan, 12.0% Cash, 6% PIK due, 3/31/2020 (2) (3)  $1,516,144    
-
    
-
    
-
    
-
    
-
    
-
    
-
 
Integrated Medical Partners, LLC                                        
Preferred Membership – Class A units (3)   800    
-
    
-
    
-
    
-
    
-
    
-
    
-
 
Preferred Membership – Class B units (3)   760    
-
    
-
    
-
    
-
    
-
    
-
    
-
 
Common Units (3)   14,082    
-
    
-
    
-
    
-
    
-
    
-
    
-
 
PCC SBH Sub, Inc.                                        
Common Stock (3)   100    
-
    1,379,019    
-
    
-
    
-
    (129,643)   1,249,376 
First lien Revolving Loan 10%, due 5/8/2026 (4)   80,000    
 
    80,000    
-
    
 
    
 
    
-
    80,000 
Rockfish Seafood Grill, Inc.                                        
First Lien Loan, 8% Cash, 6.0% PIK, due 3/31/2018 (2) (3)  $6,352,944    
-
    7,519,963    
-
    
-
    
-
    (1,179,891)   6,340,072 
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       $66,584   $15,066,529   $
-
   $
-
   $
-
   $(1,279,890)  $13,786,639 

 

(1)Represents an illiquid investment.

(2)Includes PIK interest.

(3)Non-income producing security.