v3.26.1
Schedule 12-14
 12 Months Ended
Dec. 31, 2025
Schedule 12-14 [Abstract]  
Schedule 12-14

Schedule 12-14

 

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 December 31, 2025.

 

Portfolio Company/Type of Investment (1)  Principal
Amount/Shares/
Ownership % at December 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 December 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   $-   $      -    $                 -   $(121,851)  $3,714,696 
Unsecured loan Consolidated BL Note 6.33% due 12/31/2027  $1,381,586    87,454    -    -    -    -    -    - 
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    -    1,379,019    -    -    -    (494,677)   884,342 
First lien Revolving Loan 10%, due 5/8/2026 (4)   135,000    
 
    80,000    55,000    
 
    
 
    -    135,000 
Rockfish Seafood Grill, Inc.                                        
First Lien Loan, 8% Cash, 6.0% PIK, due 3/31/2018 (2) (3)  $6,352,944    -    7,519,963    -    -    -    (2,499,187)   5,020,776 
Revolving Loan, 8% Cash, due 12/31/2027(3)  $2,251,000    45,020    2,251,000    -    -    -    182,581    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       $132,474   $15,066,529   $55,000   $-   $-   $(2,933,134)  $12,188,395 

 

(1)Represents an illiquid investment.

 

(2) Includes PIK interest.

 

(3)Non-income producing security.

 

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

Schedule 12-14

 

The table below represents the fair value of control and affiliate investments at December 31, 2023 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 December 31, 2024.

 

Portfolio Company/Type of Investment(1)  Principal Amount/Shares/ Ownership % at December 31, 2024   Amount of Interest and Dividends Credited in Income   Fair Value at December 31,
2023		   Purchases (2)   Sales   Transfers from Restructuring/
Transfers into Control Investments		   Change in Unrealized Gains/(Losses)   Fair Value at
December 31,
2024		 
Control Investments                                
Advantis Certified Staffing Solutions, Inc.                                
Second Lien Loan, 12.0% Cash, due 11/30/2021(3)  $4,500,000   $-   $4,736,141   $          -   $           -    $                -   $(899,594)  $3,836,547 
Unsecured loan Consolidated BL Note 6.33% due 12/31/2027  $1,381,586    87,694    -    -    -    -    -    - 
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    -    173,399    -    (5,742,667)   -    5,569,268    - 
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    -    1,543,841    -    -    -    (164,822)   1,379,019 
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    -    9,877,041    -    -    -    (2,357,078)   7,519,963 
Revolving Loan, 8% PIK, due 12/31/2027  $2,251,000    183,081    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       $270,775   $18,581,422   $80,000   $(5,742,667)  $-   $2,147,774   $15,066,529 

 

(1) Represents an illiquid investment.

 

(2) Includes PIK interest.

 

(3) Non-income producing security.

 

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