v3.26.3
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS (Unaudited)
 9 Months Ended 12 Months Ended
Sep. 30, 2026
USD ($)
Units
$ / shares
shares
Dec. 31, 2025
USD ($)
Units
shares
Dec. 31, 2024
USD ($)
Schedule of Investments [Line Items]      
Cost $ 65,272,801 [1],[2] $ 57,062,399  
Money market funds [1],[2] 3,416    
Total Investments and money market funds [1],[2] 65,276,217    
Fair Value 56,736,055 [1],[2] 48,480,496 [3]  
Money market funds, Fair Value [1],[2] 3,416    
Investment Owned At Fair Value And Money Market Fund, Total [1],[2] 56,739,471    
Liabilities in Excess of Other Assets (5,196,432) [1],[2] 3,702,957 [3]  
Net Assets $ 51,543,039 [1],[2] $ 52,183,453 [3]  
Percent of Net Assets 110.10% 92.90%  
Percentage of money market funds 0.00%    
Percentage of investment and money market funds 110.10%    
Percentage of Liabilities in excess of other assets (10.10%) 7.10%  
Percent of Net Assets 100.00% 100.00%  
Value of shares owned per share | $ / shares [4] $ 9.99    
Interest Rate [5],[6],[7],[8],[9],[10],[11],[12]   14.00%  
Membership Interest 12.00%    
Due Date [5],[6],[7],[8],[9],[10],[11],[12]   Jan. 16, 2029  
Interest receivable $ 241,387 $ 168,039  
JP Morgan U.S. Government Money Market Fund Premier      
Schedule of Investments [Line Items]      
Money market funds [1],[2] 3,416    
Money market funds, Fair Value [1],[2] $ 3,416    
Percent of Net Assets 0.00%    
Autotality      
Schedule of Investments [Line Items]      
Cost [5],[6],[8],[9],[10],[12]   3,915,046  
Fair Value [3],[5],[6],[8],[9],[10],[12]   3,149,571  
Non-Control/Non-Affiliate Investments      
Schedule of Investments [Line Items]      
Cost $ 14,271,955 [1],[13] 9,630,860 [6],[14]  
Fair Value $ 16,797,846 [1],[2],[13] $ 10,304,811 [3],[6],[14]  
Percent of Net Assets 32.60% [1],[13] 19.70% [6],[14]  
Non-Control/Non-Affiliate Investments | Caitec, Inc.      
Schedule of Investments [Line Items]      
Cost $ 5,549,698 [1],[13],[15],[16] $ 5,422,586 [6],[9],[10],[14]  
Fair Value 5,227,176 [1],[2],[13],[15],[16] 5,050,064 [3],[6],[9],[10],[14]  
Non-Control/Non-Affiliate Investments | GoNoodle, Inc.      
Schedule of Investments [Line Items]      
Cost 1,468,730 [1],[13],[15],[16] 1,454,747 [6],[9],[10],[14]  
Fair Value 1,468,730 [1],[2],[13],[15],[16] 1,454,747 [3],[6],[9],[10],[14]  
Non-Control/Non-Affiliate Investments | Mountain Regional Equipment Solutions      
Schedule of Investments [Line Items]      
Fair Value   1,400,000  
Non-Control/Non-Affiliate Investments | Open Exchange, Inc.      
Schedule of Investments [Line Items]      
Cost 1,401,940 [1],[13],[15],[17] 1,401,940 [6],[9],[12],[14]  
Fair Value 1,401,940 [1],[2],[13],[15],[17] 700,000 [3],[6],[9],[12],[14]  
Non-Control/Non-Affiliate Investments | SQF LLC d/b/a Verta      
Schedule of Investments [Line Items]      
Cost 250,000 [1],[13],[15],[17] 250,000 [6],[9],[12],[14]  
Fair Value 4,000,000 [1],[2],[13],[15],[17] 3,000,000 [3],[6],[9],[12],[14]  
Non-Control/Non-Affiliate Investments | Applied Image, Inc.      
Schedule of Investments [Line Items]      
Cost [5],[6],[9]   1,750,000  
Fair Value [3],[5],[6],[9]   1,750,000  
Non-Control/Non-Affiliate Investments | Seybert's Billiards Corporation      
Schedule of Investments [Line Items]      
Net Realized Gains (Losses) 1,072,459    
Affiliate Investments      
Schedule of Investments [Line Items]      
Cost 44,436,906 [1],[18] 40,867,599 [5],[6]  
Fair Value $ 38,938,209 [1],[2],[18] $ 36,775,685 [3],[5],[6] $ 51,668,144
Percent of Net Assets 75.50% [1],[18] 70.50% [5],[6]  
Net Change in Unrealized Appreciation (Depreciation) $ (1,406,783) $ (10,804,709)  
Gross Additions 7,834,191 [19] 10,295,140 [20]  
Gross Reductions (4,264,884) [21] (14,382,890) [22]  
Net Realized Gains (Losses) 13,635 (1,923,974)  
Amount of Interest/Dividend/Fee Income 2,943,532 [23] 4,974,043 [24]  
Affiliate Investments | Mountain Regional Equipment Solutions      
Schedule of Investments [Line Items]      
Cost 4,259,888 [1],[15],[17],[18],[25],[26] 3,578,964 [5],[6],[8],[9],[10],[11],[12]  
Fair Value 1,677,924 [1],[2],[15],[17],[18],[25],[26] 1,400,000 [3],[5],[6],[8],[9],[10],[11],[12]  
Net Change in Unrealized Appreciation (Depreciation) (403,000) (1,462,419)  
Gross Additions 680,924 [19] 2,862,419  
Amount of Interest/Dividend/Fee Income 12,000 [23] 374,419  
Affiliate Investments | Termite Guy Corporation      
Schedule of Investments [Line Items]      
Cost [1],[15],[16],[18] 2,407,004    
Fair Value [1],[2],[15],[16],[18] 2,407,004    
Gross Additions [19] 2,407,004    
Amount of Interest/Dividend/Fee Income [23] 99,667    
Affiliate Investments | AME Holdco, LLC      
Schedule of Investments [Line Items]      
Cost [1],[15],[18],[25],[27] 4,000,000    
Fair Value [1],[2],[15],[18],[25],[27] 4,000,000    
Gross Additions [19] 4,000,000    
Amount of Interest/Dividend/Fee Income [23] 260,250    
Affiliate Investments | Applied Image, Inc.      
Schedule of Investments [Line Items]      
Fair Value   1,750,000 1,750,000
Gross Reductions [21] (1,750,000)    
Net Realized Gains (Losses) 958,948    
Amount of Interest/Dividend/Fee Income 91,956 [23] 216,208 [24]  
Affiliate Investments | Autotality      
Schedule of Investments [Line Items]      
Cost [1],[15],[16],[17],[18],[25],[26] 4,038,932    
Fair Value 1,750,000 [1],[2],[15],[16],[17],[18],[25],[26] 3,149,571 2,928,648
Net Change in Unrealized Appreciation (Depreciation) (1,523,457)    
Gross Additions 123,886 [19] 220,923 [20]  
Amount of Interest/Dividend/Fee Income 115,973 [23] 431,232 [24]  
Affiliate Investments | Bauer Sheet Metal and Fabricating, LLC      
Schedule of Investments [Line Items]      
Cost 3,252,400 [1],[15],[18] 3,250,600 [5],[6],[9]  
Fair Value 4,240,400 [1],[2],[15],[18] 3,250,600 [3],[5],[6],[9]  
Net Change in Unrealized Appreciation (Depreciation) 988,000    
Gross Additions 1,800 [19] 3,250,600 [20]  
Amount of Interest/Dividend/Fee Income 331,946 [23] 82,843 [24]  
Affiliate Investments | BlackJet Direct Marketing, LLC      
Schedule of Investments [Line Items]      
Cost 2,273,460 [1],[15],[16],[18],[25],[27] 2,506,941 [5],[6],[8],[9],[10]  
Fair Value 2,523,460 [1],[2],[15],[16],[25],[27] 2,756,941 [3],[5],[6],[8],[9],[10]  
Net Change in Unrealized Appreciation (Depreciation)   250,000  
Gross Additions 16,519 [19] 2,506,941 [20]  
Amount of Interest/Dividend/Fee Income 262,436 [23] 106,011 [24]  
Affiliate Investments | BMP Food Service Supply Holdco, LLC      
Schedule of Investments [Line Items]      
Cost 8,489,115 [1],[15],[16],[17],[18],[25],[26] 8,089,115 [5],[6],[8],[9],[10],[11]  
Fair Value 4,259,834 [1],[2],[15],[16],[17],[18],[25],[26] 3,859,834 [3],[5],[6],[8],[9],[10],[11] 7,035,645
Net Change in Unrealized Appreciation (Depreciation)   (4,229,281)  
Gross Additions 400,000 [19] 1,053,470 [22]  
Amount of Interest/Dividend/Fee Income 93,975 [23] 683,808 [24]  
Affiliate Investments | BMP Swanson Holdco, LLC      
Schedule of Investments [Line Items]      
Cost [5],[6],[8],[9],[10]   1,987,920  
Fair Value   2,504,587 [3],[5],[6],[8],[9],[10] 2,450,115
Net Change in Unrealized Appreciation (Depreciation) (516,667)    
Gross Additions 32,964 [19] 54,472 [20]  
Gross Reductions [21] (2,020,884)    
Net Realized Gains (Losses) (2,020,884)    
Amount of Interest/Dividend/Fee Income 57,409 [23] 214,613 [24]  
Affiliate Investments | Carolina Skiff LLC      
Schedule of Investments [Line Items]      
Cost [5],[6],[8],[9],[12]   15,000  
Fair Value 765,245 765,245 [3],[5],[6],[8],[9],[12] 1,208,000
Net Change in Unrealized Appreciation (Depreciation)   (442,755)  
Gross Additions [20]   34,755  
Gross Reductions [22]   (34,755)  
Net Realized Gains (Losses) 3,112 684  
Amount of Interest/Dividend/Fee Income [23] 11,307    
Affiliate Investments | FCM Industries Holdco LLC      
Schedule of Investments [Line Items]      
Cost 3,958,415 [1],[16],[18] 3,916,344 [5],[6],[9],[10]  
Fair Value 3,958,415 [1],[2],[15],[16],[18] 3,916,344 [3],[5],[6],[9],[10] 3,380,000
Net Change in Unrealized Appreciation (Depreciation)   484,837  
Gross Additions 42,071 [19] 51,507 [20]  
Amount of Interest/Dividend/Fee Income 398,271 [23] 523,799 [24]  
Affiliate Investments | Highland All About People Holdings, Inc.      
Schedule of Investments [Line Items]      
Cost 4,407,125 [1],[16],[18] 4,305,831 [5],[6],[9],[10]  
Fair Value 4,407,125 [1],[2],[15],[16],[18] 3,905,831 [3],[5],[6],[9],[10] 3,775,091
Net Change in Unrealized Appreciation (Depreciation) 400,000    
Gross Additions 101,294 [19] 130,740 [20]  
Amount of Interest/Dividend/Fee Income 414,177 [23] 534,957 [24]  
Affiliate Investments | Inter-National Electronic Alloys LLC      
Schedule of Investments [Line Items]      
Cost 4,409,491 [1],[15],[18],[25] 4,401,011 [5],[6],[8],[9]  
Fair Value 5,897,726 [1],[2],[15],[18],[25] 5,189,246 [3],[5],[6],[8],[9] 4,383,834
Net Change in Unrealized Appreciation (Depreciation) 700,000 788,235  
Gross Additions 8,480 [19] 17,177 [20]  
Amount of Interest/Dividend/Fee Income 496,816 [23] 441,562 [24]  
Affiliate Investments | Mobile RN Holdings LLC      
Schedule of Investments [Line Items]      
Cost 2,926,076 [1],[15],[16],[18],[25] 2,906,827 [5],[6],[8],[9],[10]  
Fair Value 3,051,076 [1],[15],[16],[18],[25] 3,031,827 [3],[5],[6],[8],[9],[10] 2,881,319
Net Change in Unrealized Appreciation (Depreciation)   125,000  
Gross Additions 19,249 [19] 25,508 [20]  
Amount of Interest/Dividend/Fee Income 297,349 [23] 405,515 [24]  
Affiliate Investments | Pressure Pro, Inc.      
Schedule of Investments [Line Items]      
Fair Value     2,452,705
Net Change in Unrealized Appreciation (Depreciation)   (720,000)  
Gross Additions [20]   22,445  
Gross Reductions [22]   (1,755,150)  
Net Realized Gains (Losses)   870,000  
Amount of Interest/Dividend/Fee Income [24]   220,550  
Affiliate Investments | Seybert's Billiards Corporation      
Schedule of Investments [Line Items]      
Cost [5],[6],[9],[12]   244,000  
Fair Value   1,295,659 [3],[5],[6],[9],[12] 7,922,787
Net Change in Unrealized Appreciation (Depreciation) (1,051,659) 1,051,659  
Gross Additions [20]   64,183  
Gross Reductions (244,000) [21] (7,742,970) [22]  
Amount of Interest/Dividend/Fee Income [24]   725,401  
Affiliate Investments | Tilson Technology Management, Inc.      
Schedule of Investments [Line Items]      
Fair Value     11,500,000
Net Change in Unrealized Appreciation (Depreciation)   (6,649,985)  
Gross Reductions [22]   (4,850,015)  
Net Realized Gains (Losses)   (2,850,015)  
Amount of Interest/Dividend/Fee Income [24]   13,125  
Affiliate Investments | BlackJet Direct Marketing, LLC      
Schedule of Investments [Line Items]      
Gross Reductions [21] (250,000)    
Control Investments      
Schedule of Investments [Line Items]      
Cost 6,563,940 [1],[28] 6,563,940 [6],[29]  
Fair Value $ 1,000,000 [1],[2],[28] $ 1,400,000 [3],[6],[29] 2,500,000
Percent of Net Assets 1.90% [1],[28] 2.70% [6],[29]  
Net Change in Unrealized Appreciation (Depreciation) $ (400,000) $ (1,475,000)  
Gross Additions [20]   375,000  
Amount of Interest/Dividend/Fee Income 25,549 [23] 53,355 [24]  
Control Investments | ITA Acquisition, LLC      
Schedule of Investments [Line Items]      
Cost 6,563,940 [1],[15],[16],[25],[26],[28] 6,563,940 [6],[8],[9],[10],[11],[29]  
Fair Value 1,000,000 [1],[2],[15],[16],[25],[26],[28] 1,400,000 [3],[6],[8],[9],[10],[11],[29] 2,500,000
Net Change in Unrealized Appreciation (Depreciation) (400,000) (1,475,000)  
Gross Additions [20]   375,000  
Amount of Interest/Dividend/Fee Income 25,549 [23] 53,355 [24]  
Control and Affiliate Investments      
Schedule of Investments [Line Items]      
Fair Value 39,938,209 38,175,685 54,168,144
Net Change in Unrealized Appreciation (Depreciation) (1,806,783) (12,279,709)  
Gross Additions 7,834,191 [19] 10,670,140 [20]  
Gross Reductions (4,264,884) [21] (14,382,890) [22]  
Net Realized Gains (Losses) 13,635 (1,923,974)  
Amount of Interest/Dividend/Fee Income $ 2,969,081 [23] $ 5,027,398 [24]  
Investment, Identifier [Axis]: AME Holdco, LLC - $3,000,000 Term Note      
Schedule of Investments [Line Items]      
Date Acquired [1],[15],[18],[25],[27],[30] Feb. 11, 2026    
Equity [1],[15],[18],[25],[27],[31] 13.00%    
Cost [1],[15],[18],[25],[27] $ 3,000,000    
Fair Value [1],[2],[15],[18],[25],[27] $ 3,000,000    
Percent of Net Assets [1],[15],[18],[25],[27] 7.80%    
Principle Amount [1],[15],[18],[25],[27],[32] $ 3,000,000    
Interest Rate [1],[15],[18],[25],[27],[32] 13.00%    
Due Date [1],[15],[18],[25],[27],[32] Feb. 11, 2031    
Investment, Identifier [Axis]: AME Holdco, LLC - $3,000,000 Term Note at 13%, due February 11, 2031      
Schedule of Investments [Line Items]      
Fair Value $ 3,000,000    
Principle Amount $ 3,000,000    
Interest Rate 13.00%    
Due Date Feb. 11, 2031    
Gross Additions [19] $ 3,000,000    
Amount of Interest/Dividend/Fee Income [23] $ 260,250    
Investment, Identifier [Axis]: AME Holdco, LLC - 1,000,000 Class A Units      
Schedule of Investments [Line Items]      
Date Acquired [1],[15],[18],[25],[27],[30] Feb. 11, 2026    
Cost [1],[15],[18],[25],[27] $ 1,000,000    
Fair Value [1],[2],[15],[18],[25],[27] $ 1,000,000    
Number of Shares Owned | shares [1],[15],[18],[25],[27],[32] 1,000,000    
Gross Additions [19] $ 1,000,000    
Investment, Identifier [Axis]: Applied Image, Inc. - $1,750,000 Term Note      
Schedule of Investments [Line Items]      
Date Acquired [5],[6],[9],[33]   Dec. 31, 2021  
Equity [5],[6],[9],[34]   12.00%  
Cost [5],[6],[9]   $ 1,750,000  
Fair Value [3],[5],[6],[9]   $ 1,750,000  
Percent of Net Assets [5],[6],[9]   3.40%  
Principle Amount [5],[6],[7],[9]   $ 1,750,000  
Interest Rate [5],[6],[7],[9]   12.00%  
Due Date [5],[6],[7],[9]   Feb. 01, 2029  
Investment, Identifier [Axis]: Applied Image, Inc. - $1,750,000 Term Note at 12%      
Schedule of Investments [Line Items]      
Fair Value   $ 1,750,000 1,750,000
Amount of Interest/Dividend/Fee Income [24]   216,208  
Investment, Identifier [Axis]: Applied Image, Inc. - $1,750,000 Term Note at 12%, due February 1, 2029      
Schedule of Investments [Line Items]      
Fair Value   $ 1,750,000  
Interest Rate 12.00% 12.00%  
Due Date Feb. 01, 2029 Feb. 01, 2029  
Investment owned face amount $ 1,750,000 $ 1,750,000  
Gross Reductions [21] (1,750,000)    
Net Realized Gains (Losses) 958,948    
Amount of Interest/Dividend/Fee Income [23] $ 91,956    
Investment, Identifier [Axis]: Applied Image, Inc. - Warrant for 1,167 shares      
Schedule of Investments [Line Items]      
Date Acquired [5],[6],[9],[33]   Dec. 31, 2021  
Number of Shares Owned | shares 1,167 1,167  
Number of Warrants Owned | Units [5],[6],[7],[9]   1,167  
Investment, Identifier [Axis]: Autotality (formerly Filterworks Acquisition USA, LLC) - $2,283,702 Amended Term Note      
Schedule of Investments [Line Items]      
Date Acquired [5],[6],[8],[9],[10],[12],[33]   Nov. 18, 2019  
Equity [5],[6],[8],[9],[10],[12],[34]   8.00%  
Cost [5],[6],[8],[9],[10],[12]   $ 3,149,571  
Fair Value   $ 3,149,571 [3],[5],[6],[8],[9],[10],[12] 2,928,648
Percent of Net Assets [5],[6],[8],[9],[10],[12]   6.00%  
Principle Amount [5],[6],[7],[8],[9],[10],[12]   $ 2,283,702  
Reference Rate and Spread (+), PIK [5],[6],[7],[8],[9],[10],[12]   14.00%  
Due Date [5],[6],[7],[8],[9],[10],[12]   Jun. 30, 2026  
Gross Additions [20]   $ 220,923  
Amount of Interest/Dividend/Fee Income [24]   $ 431,232  
Investment, Identifier [Axis]: Autotality (formerly Filterworks Acquisition USA, LLC) - $2,283,702 Amended Term Note Through March 31, 2027      
Schedule of Investments [Line Items]      
Interest Rate [5],[6],[7],[8],[9],[10],[12]   14.00%  
Due Date [5],[6],[7],[8],[9],[10],[12]   Mar. 31, 2027  
Investment, Identifier [Axis]: Autotality (formerly Filterworks Acquisition USA, LLC) - $2,283,702 Amended Term Note at 14% PIK through June 30, 2026      
Schedule of Investments [Line Items]      
Principle Amount   $ 2,283,702  
Reference Rate and Spread (+), PIK   14.00%  
Due Date   Jun. 30, 2026  
Investment, Identifier [Axis]: Autotality (formerly Filterworks Acquisition USA, LLC) - $2,283,702 Amended Term Note at 14%, due March 31, 2027      
Schedule of Investments [Line Items]      
Interest Rate   14.00%  
Due Date   Mar. 31, 2027  
Investment, Identifier [Axis]: Autotality (formerly Filterworks Acquisition USA, LLC) - 417.7 Class A-0 Units      
Schedule of Investments [Line Items]      
Date Acquired [5],[6],[8],[9],[10],[12],[33]   Sep. 30, 2022  
Cost [5],[6],[8],[9],[10],[12]   $ 139,232  
Number of Shares Owned | shares 417.7 417.7 [5],[6],[7],[8],[9],[10],[12]  
Investment, Identifier [Axis]: Autotality (formerly Filterworks Acquisition USA, LLC) - 626.2 Class A-1 Units      
Schedule of Investments [Line Items]      
Date Acquired [5],[6],[8],[9],[10],[12],[33]   Jun. 03, 2022  
Cost [5],[6],[8],[9],[10],[12]   $ 626,243  
Number of Shares Owned | shares 626.2 626.2 [5],[6],[7],[8],[9],[10],[12]  
Investment, Identifier [Axis]: Autotality - $2,283,702 Amended Term Note      
Schedule of Investments [Line Items]      
Date Acquired [1],[15],[16],[17],[18],[25],[26],[30] Nov. 18, 2019    
Equity [1],[15],[16],[17],[18],[25],[26],[31] 8.00%    
Cost [1],[15],[16],[17],[18],[25],[26] $ 3,273,457    
Fair Value [1],[2],[15],[16],[17],[18],[25],[26] $ 1,750,000    
Percent of Net Assets [1],[15],[16],[17],[18],[25],[26] 3.40%    
Principle Amount [1],[15],[16],[17],[18],[25],[26],[32] $ 2,283,702    
Reference Rate and Spread (+), PIK [1],[15],[16],[17],[18],[25],[26],[32] 14.00%    
Due Date [1],[15],[16],[17],[18],[25],[26],[32] Mar. 31, 2027    
Investment, Identifier [Axis]: Autotality - $2,283,702 Amended Term Note at 14% PIK due March 31, 2027      
Schedule of Investments [Line Items]      
Fair Value $ 1,750,000 $ 3,149,571  
Principle Amount $ 2,283,702    
Reference Rate and Spread (+), PIK 14.00%    
Due Date Mar. 31, 2027    
Net Change in Unrealized Appreciation (Depreciation) $ (1,523,457)    
Gross Additions [19] 123,886    
Amount of Interest/Dividend/Fee Income [23] $ 115,973    
Investment, Identifier [Axis]: Autotality - 417.7 Class A-0 Units      
Schedule of Investments [Line Items]      
Date Acquired [1],[15],[16],[17],[18],[25],[26],[30] Sep. 30, 2022    
Cost [1],[15],[16],[17],[18],[25],[26] $ 139,232    
Number of Shares Owned | shares [1],[15],[16],[17],[18],[25],[26],[32] 417.7    
Investment, Identifier [Axis]: Autotality - 626.2 Class A-1 Units      
Schedule of Investments [Line Items]      
Date Acquired [1],[15],[16],[17],[18],[25],[26],[30] Jun. 03, 2022    
Cost [1],[15],[16],[17],[18],[25],[26] $ 626,243    
Number of Shares Owned | shares [1],[15],[16],[17],[18],[25],[26],[32] 626.2    
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $6,835,000 Third Amended and Restated Term Note      
Schedule of Investments [Line Items]      
Date Acquired [5],[6],[8],[9],[10],[11],[33]   Nov. 22, 2022  
Equity [5],[6],[8],[9],[10],[11],[34]   17.00%  
Cost [5],[6],[8],[9],[10],[11]   $ 7,591,496  
Fair Value [3],[5],[6],[8],[9],[10],[11]   $ 3,859,834  
Percent of Net Assets [5],[6],[8],[9],[10],[11]   7.40%  
Investment owned face amount [5],[6],[7],[8],[9],[10],[11]   $ 6,835,000  
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $6,835,000 Third Amended and Restated Term Note, $1,615,000 in principal amount at 16% PIK through March 31, 2026      
Schedule of Investments [Line Items]      
Reference Rate and Spread (+), PIK   16.00%  
Due Date   Mar. 31, 2026  
Investment owned face amount   $ 1,615,000  
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $6,835,000 Third Amended and Restated Term Note, $1,615,000 in principal amount at 16% PIK through March 31, 2026, thereafter 13% (+3% PIK)      
Schedule of Investments [Line Items]      
Interest Rate   13.00%  
Reference Rate and Spread (+), PIK   3.00%  
Due Date   Nov. 22, 2027  
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $6,835,000 Third Amended and Restated Term Note, $1,615,000, thereafter 16%      
Schedule of Investments [Line Items]      
Interest Rate [5],[6],[7],[8],[9],[10],[11]   13.00%  
Reference Rate and Spread (+), PIK [5],[6],[7],[8],[9],[10],[11]   16.00%  
Due Date [5],[6],[7],[8],[9],[10],[11]   Mar. 31, 2026  
Investment owned face amount [5],[6],[7],[8],[9],[10],[11]   $ 1,615,000  
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $6,835,000 Third Amended and Restated Term Note, $1,615,000, thereafter 16% One      
Schedule of Investments [Line Items]      
Reference Rate and Spread (+), PIK [5],[6],[7],[8],[9],[10],[11]   3.00%  
Due Date [5],[6],[7],[8],[9],[10],[11]   Nov. 22, 2027  
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $6,835,000 Third Amended and Restated Term Note, $4,820,000      
Schedule of Investments [Line Items]      
Interest Rate [5],[6],[7],[8],[9],[10],[11]   12.00%  
Reference Rate and Spread (+), PIK [5],[6],[7],[8],[9],[10],[11]   12.00%  
Due Date [5],[6],[7],[8],[9],[10],[11]   Mar. 31, 2026  
Investment owned face amount [5],[6],[7],[8],[9],[10],[11]   $ 4,820,000  
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $6,835,000 Third Amended and Restated Term Note, $4,820,000 at 12%, $1,615,000 at 16%, $400,000 at 13%      
Schedule of Investments [Line Items]      
Fair Value   3,859,834 6,538,026
Investment owned face amount   6,835,000  
Net Change in Unrealized Appreciation (Depreciation)   (3,731,662)  
Gross Additions [20]   1,053,470  
Amount of Interest/Dividend/Fee Income [24]   $ 683,808  
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $6,835,000 Third Amended and Restated Term Note, $4,820,000 in principal amount at 12% PIK through March 31, 2026      
Schedule of Investments [Line Items]      
Interest Rate   12.00%  
Reference Rate and Spread (+), PIK   12.00%  
Due Date   Mar. 31, 2026  
Investment owned face amount   $ 4,820,000  
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $6,835,000 Third Amended and Restated Term Note, $400,000      
Schedule of Investments [Line Items]      
Interest Rate [5],[6],[7],[8],[9],[10],[11]   13.00%  
Due Date [5],[6],[7],[8],[9],[10],[11]   Nov. 22, 2027  
Investment owned face amount [5],[6],[7],[8],[9],[10],[11]   $ 400,000  
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $6,835,000 Third Amended and Restated Term Note, $400,000 in principal amount at 13%, due November 22, 2027      
Schedule of Investments [Line Items]      
Interest Rate   13.00%  
Due Date   Nov. 22, 2027  
Investment owned face amount   $ 400,000  
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $7,235,000 Fourth Amended and Restated Term Note      
Schedule of Investments [Line Items]      
Date Acquired [1],[15],[16],[18],[25],[26],[30] Nov. 22, 2022    
Equity [1],[15],[16],[18],[25],[26],[31] 17.00%    
Cost [1],[15],[16],[18],[25],[26] $ 7,991,496    
Fair Value [1],[2],[15],[16],[18],[25],[26] $ 4,259,834    
Percent of Net Assets [1],[15],[16],[18],[25],[26] 8.30%    
Investment owned face amount [1],[15],[16],[18],[25],[26],[32] $ 7,235,000    
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $7,235,000 Fourth Amended and Restated Term Note, $1,615,000 in principal amount at 16% PIK through February 5, 2027      
Schedule of Investments [Line Items]      
Reference Rate and Spread (+), PIK 16.00%    
Due Date Feb. 05, 2027    
Investment owned face amount $ 1,615,000    
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $7,235,000 Fourth Amended and Restated Term Note, $1,615,000 in principal amount at 16% PIK through February 5, 2027, thereafter 13% (+3% PIK)      
Schedule of Investments [Line Items]      
Interest Rate 13.00%    
Reference Rate and Spread (+), PIK 3.00%    
Due Date Nov. 22, 2027    
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $7,235,000 Fourth Amended and Restated Term Note, $1,615,000, 16% Through February 5. 2027      
Schedule of Investments [Line Items]      
Reference Rate and Spread (+), PIK [1],[15],[16],[18],[25],[26],[32] 16.00%    
Due Date [1],[15],[16],[18],[25],[26],[32] Feb. 05, 2027    
Investment owned face amount [1],[15],[16],[18],[25],[26],[32] $ 1,615,000    
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $7,235,000 Fourth Amended and Restated Term Note, $1,615,000, thereafter 13%(+3% PIK)      
Schedule of Investments [Line Items]      
Interest Rate [1],[15],[16],[18],[25],[26],[32] 13.00%    
Reference Rate and Spread (+), PIK [1],[15],[16],[18],[25],[26],[32] 3.00%    
Due Date [1],[15],[16],[18],[25],[26],[32] Nov. 22, 2027    
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $7,235,000 Fourth Amended and Restated Term Note, $4,820,000      
Schedule of Investments [Line Items]      
Interest Rate [1],[15],[16],[18],[25],[26],[32] 12.00%    
Reference Rate and Spread (+), PIK [1],[15],[16],[18],[25],[26],[32] 12.00%    
Due Date [1],[15],[16],[18],[25],[26],[32] Feb. 05, 2027    
Investment owned face amount [1],[15],[16],[18],[25],[26],[32] $ 4,820,000    
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $7,235,000 Fourth Amended and Restated Term Note, $4,820,000 at 12%, $1,615,000 at 16%, $800,000 at 13%      
Schedule of Investments [Line Items]      
Fair Value 4,259,834 $ 3,859,834  
Investment owned face amount 7,235,000    
Gross Additions [19] 400,000    
Amount of Interest/Dividend/Fee Income [23] $ 93,975    
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $7,235,000 Fourth Amended and Restated Term Note, $4,820,000 in principal amount at 12% PIK through February 5, 2027      
Schedule of Investments [Line Items]      
Interest Rate 12.00%    
Reference Rate and Spread (+), PIK 12.00%    
Due Date Feb. 05, 2027    
Investment owned face amount $ 4,820,000    
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $7,235,000 Fourth Amended and Restated Term Note, $800,000      
Schedule of Investments [Line Items]      
Interest Rate [1],[15],[16],[18],[25],[26],[32] 13.00%    
Due Date [1],[15],[16],[18],[25],[26],[32] Nov. 22, 2027    
Investment owned face amount [1],[15],[16],[18],[25],[26],[32] $ 800,000    
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $7,235,000 Fourth Amended and Restated Term Note, $800,000 in principal amount at 13%, due November 22, 2027      
Schedule of Investments [Line Items]      
Interest Rate 13.00%    
Due Date Nov. 22, 2027    
Investment owned face amount $ 800,000    
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - 15.4% Preferred Interest      
Schedule of Investments [Line Items]      
Date Acquired [5],[6],[8],[9],[10],[11],[33]   Nov. 22, 2022  
Cost [5],[6],[8],[9],[10],[11]   $ 497,619  
Membership Interest [5],[6],[7],[8],[9],[10],[11]   16.87%  
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - 16.87% Preferred Interest      
Schedule of Investments [Line Items]      
Date Acquired [1],[15],[16],[17],[18],[25],[26],[30] Nov. 22, 2022    
Cost [1],[15],[16],[17],[18],[25],[26] $ 497,619    
Fair Value     497,619
Membership Interest 16.87% [1],[15],[16],[18],[25],[26],[32] 16.87%  
Net Change in Unrealized Appreciation (Depreciation)   $ (497,619)  
Investment, Identifier [Axis]: BMP Swanson Holdco, LLC - $1,600,000 Term Note      
Schedule of Investments [Line Items]      
Date Acquired [5],[6],[8],[9],[10],[33]   Mar. 04, 2021  
Equity [5],[6],[8],[9],[10],[34]   9.00%  
Cost [5],[6],[8],[9],[10]   $ 1,754,587  
Fair Value [3],[5],[6],[8],[9],[10]   $ 1,754,587  
Percent of Net Assets [5],[6],[8],[9],[10]   4.80%  
Interest Rate [5],[6],[7],[8],[9],[10]   5.00%  
Reference Rate and Spread (+), PIK [5],[6],[7],[8],[9],[10]   7.00%  
Due Date [5],[6],[7],[8],[9],[10]   Jul. 31, 2026  
Investment owned face amount [5],[6],[7],[8],[9],[10]   $ 1,600,000  
Investment, Identifier [Axis]: BMP Swanson Holdco, LLC - $1,600,000 Term Note Therefore 12%      
Schedule of Investments [Line Items]      
Interest Rate [5],[6],[7],[8],[9],[10]   12.00%  
Due Date [5],[6],[7],[8],[9],[10]   Mar. 31, 2027  
Investment, Identifier [Axis]: BMP Swanson Holdco, LLC - $1,600,000 Term Note at 12% due March 31, 2027      
Schedule of Investments [Line Items]      
Interest Rate 12.00% 12.00%  
Due Date Mar. 31, 2027 Mar. 31, 2027  
Investment, Identifier [Axis]: BMP Swanson Holdco, LLC - $1,600,000 Term Note at 5%      
Schedule of Investments [Line Items]      
Fair Value   $ 1,754,587 1,700,115
Net Change in Unrealized Appreciation (Depreciation) $ (0)    
Gross Additions 32,964 [19] 54,472 [20]  
Gross Reductions [21] (1,787,551)    
Net Realized Gains (Losses) (1,787,551)    
Amount of Interest/Dividend/Fee Income $ 57,409 [23] $ 214,613 [24]  
Investment, Identifier [Axis]: BMP Swanson Holdco, LLC - $1,600,000 Term Note at 5% (+7% PIK) through July 31, 2026      
Schedule of Investments [Line Items]      
Interest Rate 5.00% 5.00%  
Reference Rate and Spread (+), PIK 7.00% 7.00%  
Due Date Jul. 31, 2026 Jul. 31, 2026  
Investment owned face amount $ 1,600,000 $ 1,600,000  
Investment, Identifier [Axis]: BMP Swanson Holdco, LLC - Preferred Membership Interest for 9.24%      
Schedule of Investments [Line Items]      
Date Acquired [5],[6],[8],[9],[10],[33]   Mar. 04, 2021  
Cost [5],[6],[8],[9],[10]   $ 233,333  
Fair Value   $ 750,000 [3],[5],[6],[8],[9],[10] 750,000
Membership Interest 9.24% 9.24% [5],[6],[7],[8],[9],[10]  
Net Change in Unrealized Appreciation (Depreciation) $ (516,667)    
Gross Reductions [21] (233,333)    
Net Realized Gains (Losses) $ (233,333)    
Investment, Identifier [Axis]: Bauer Sheet Metal and Fabricating LLC - $3,250,000 Term Note      
Schedule of Investments [Line Items]      
Date Acquired [1],[15],[18],[30] Oct. 24, 2025    
Equity [1],[15],[18],[31] 12.00%    
Cost [1],[15],[18] $ 3,240,400    
Fair Value $ 3,240,400 [1],[2],[15],[18] $ 3,238,600  
Percent of Net Assets [1],[15],[18] 8.20%    
Interest Rate [1],[15],[18],[32] 13.00%    
Due Date [1],[15],[18],[32] Oct. 24, 2030    
Investment owned face amount [1],[15],[18],[32] $ 3,250,000    
Gross Additions 1,800 [19] 3,238,600 [20]  
Amount of Interest/Dividend/Fee Income 331,946 [23] $ 82,843 [24]  
Investment, Identifier [Axis]: Bauer Sheet Metal and Fabricating LLC - $3,250,000 Term Note at 13% due October 24, 2030      
Schedule of Investments [Line Items]      
Date Acquired [5],[6],[9],[33]   Oct. 24, 2025  
Equity [5],[6],[9],[34]   12.00%  
Cost [5],[6],[9]   $ 3,238,600  
Fair Value [3],[5],[6],[9]   $ 3,238,600  
Percent of Net Assets [5],[6],[9]   6.20%  
Principle Amount $ 3,250,000 $ 3,250,000  
Interest Rate 13.00% 13.00% [5],[6],[7],[9]  
Due Date Oct. 24, 2030 Oct. 24, 2030 [5],[6],[7],[9]  
Investment owned face amount [5],[6],[7],[9]   $ 3,250,000  
Investment, Identifier [Axis]: Bauer Sheet Metal and Fabricating LLC Warrant for 12% Membership Interest      
Schedule of Investments [Line Items]      
Cost $ 12,000 [1],[15],[18] 12,000 [5],[6],[9]  
Fair Value $ 1,000,000 [1],[2],[15],[18] $ 12,000 [3],[5],[6],[9]  
Membership Interest 12.00% [1],[15],[18],[32] 12.00% [5],[6],[7],[9]  
Net Change in Unrealized Appreciation (Depreciation) $ 988,000    
Gross Additions [20]   $ 12,000  
Investment, Identifier [Axis]: BlackJet Direct Marketing, LLC - $2,250,000 Term Note      
Schedule of Investments [Line Items]      
Date Acquired Sep. 12, 2025 [1],[15],[16],[18],[25],[27],[30] Sep. 12, 2025 [5],[6],[8],[9],[10],[33]  
Equity 6.00% [1],[15],[16],[18],[25],[27],[31] 6.00% [5],[6],[8],[9],[10],[34]  
Cost $ 2,023,460 [1],[15],[16],[18],[25],[27] $ 2,256,941 [5],[6],[8],[9],[10]  
Fair Value $ 2,023,460 [1],[2],[15],[16],[18],[25],[27] $ 2,256,941 [3],[5],[6],[8],[9],[10]  
Percent of Net Assets 4.90% [1],[15],[16],[18],[25],[27] 5.30% [5],[6],[8],[9],[10]  
Interest Rate 14.00% [1],[15],[16],[18],[25],[27],[32] 14.00% [5],[6],[7],[8],[9],[10]  
Reference Rate and Spread (+), PIK 1.00% [1],[15],[16],[18],[25],[27],[32] 1.00% [5],[6],[7],[8],[9],[10]  
Due Date Dec. 12, 2030 [1],[15],[16],[18],[25],[27],[32] Dec. 12, 2030 [5],[6],[7],[8],[9],[10]  
Investment owned face amount $ 2,250,000 [1],[15],[16],[18],[25],[27],[32] $ 2,250,000 [5],[6],[7],[8],[9],[10]  
Gross Additions 16,519 [19] 2,256,941 [20]  
Gross Reductions [21] (250,000)    
Amount of Interest/Dividend/Fee Income $ 262,436 [23] $ 106,011 [24]  
Investment, Identifier [Axis]: BlackJet Direct Marketing, LLC - $2,250,000 Term Note at 14% (+1% PIK) due December 12, 2030      
Schedule of Investments [Line Items]      
Interest Rate 14.00% 14.00%  
Reference Rate and Spread (+), PIK 1.00% 1.00%  
Due Date Dec. 12, 2030 Dec. 12, 2030  
Investment owned face amount $ 2,250,000 $ 2,250,000  
Investment, Identifier [Axis]: BlackJet Direct Marketing, LLC - 5.55% Preferred Membership Interest      
Schedule of Investments [Line Items]      
Cost 250,000 [1],[15],[16],[18],[25],[27] 250,000 [5],[6],[8],[9],[10]  
Fair Value $ 500,000 [1],[2],[15],[16],[18],[25],[27] $ 500,000 [3],[5],[6],[8],[9],[10]  
Number of Shares Owned | shares   5.55  
Membership Interest 5.55% [1],[15],[16],[18],[25],[27],[32] 5.55% [5],[6],[7],[8],[9],[10]  
Net Change in Unrealized Appreciation (Depreciation)   $ 250,000  
Gross Additions [20]   $ 250,000  
Investment, Identifier [Axis]: Caitec, Inc. - $1,750,000 Subordinated Secured Promissory Note      
Schedule of Investments [Line Items]      
Date Acquired Nov. 06, 2020 [1],[13],[15],[16],[30] Nov. 06, 2020 [6],[9],[10],[14],[33]  
Equity 4.00% [1],[13],[15],[16],[31] 4.00% [6],[9],[10],[14],[34]  
Cost $ 2,563,588 [1],[13],[15],[16] $ 2,525,032 [6],[9],[10],[14]  
Fair Value $ 2,563,588 [1],[2],[13],[15],[16] $ 2,525,032 [3],[6],[9],[10],[14]  
Percent of Net Assets 10.10% [1],[13],[15],[16] 9.70% [6],[9],[10],[14]  
Principle Amount $ 1,750,000 [1],[13],[15],[16],[32] $ 1,750,000 [6],[7],[9],[10],[14]  
Interest Rate 12.00% [1],[13],[15],[16],[32] 12.00% [6],[7],[9],[10],[14]  
Reference Rate and Spread (+), PIK 2.00% [1],[13],[15],[16],[32] 2.00% [6],[7],[9],[10],[14]  
Due Date Jul. 02, 2027 [1],[13],[15],[16],[32] Jul. 02, 2027 [6],[7],[9],[10],[14]  
Investment, Identifier [Axis]: Caitec, Inc. - $1,750,000 Subordinated Secured Promissory Note One      
Schedule of Investments [Line Items]      
Date Acquired Nov. 06, 2020 [1],[13],[15],[16],[30] Nov. 06, 2020 [6],[9],[10],[14],[33]  
Cost $ 2,563,588 [1],[13],[15],[16] $ 2,525,032 [6],[9],[10],[14]  
Fair Value 2,563,588 [1],[2],[13],[15],[16] 2,525,032 [3],[6],[9],[10],[14]  
Principle Amount $ 1,750,000 [1],[13],[15],[16],[32] $ 1,750,000 [6],[7],[9],[10],[14]  
Interest Rate 12.00% [1],[13],[15],[16],[32] 12.00% [6],[7],[9],[10],[14]  
Reference Rate and Spread (+), PIK 2.00% [1],[13],[15],[16],[32] 2.00% [6],[7],[9],[10],[14]  
Due Date Jul. 02, 2027 [1],[13],[15],[16],[32] Jul. 02, 2027 [6],[7],[9],[10],[14]  
Investment, Identifier [Axis]: Caitec, Inc. - 150 Class A Units      
Schedule of Investments [Line Items]      
Date Acquired Nov. 06, 2020 [1],[13],[15],[16],[30],[35] Nov. 06, 2020 [6],[9],[10],[14],[33]  
Cost $ 150,000 [1],[13],[15],[16],[35] $ 150,000 [6],[9],[10],[14]  
Number of Units Owned | Units [6],[7],[9],[10],[14] 150 [35] 150  
Investment, Identifier [Axis]: Caitec, Inc. - 150 Class A Units One      
Schedule of Investments [Line Items]      
Date Acquired Nov. 06, 2020 [1],[13],[15],[16],[30],[35] Nov. 06, 2020 [6],[9],[10],[14],[33]  
Cost $ 150,000 [1],[13],[15],[16],[35] $ 150,000 [6],[9],[10],[14]  
Number of Shares Owned | shares 150 [1],[13],[15],[16],[32],[35] 150 [6],[7],[9],[10],[14]  
Investment, Identifier [Axis]: Caitec, Inc. - 36,261 Series A Preferred      
Schedule of Investments [Line Items]      
Date Acquired [6],[9],[10],[14],[33]   Dec. 28, 2023  
Cost [6],[9],[10],[14]   $ 36,261  
Number of Shares Owned | shares [6],[7],[9],[10],[14]   36,261  
Investment, Identifier [Axis]: Caitec, Inc. - 36,261 Series A Preferred One      
Schedule of Investments [Line Items]      
Date Acquired [6],[9],[10],[14],[33]   Dec. 28, 2023  
Cost [6],[9],[10],[14]   $ 36,261  
Number of Shares Owned | shares [6],[7],[9],[10],[14]   36,261  
Investment, Identifier [Axis]: Caitec, Inc. - 61,261 Series A Preferred      
Schedule of Investments [Line Items]      
Date Acquired [1],[13],[15],[16],[30] Dec. 28, 2023    
Cost [1],[13],[15],[16] $ 61,261    
Fair Value [1],[2],[13],[15],[16] $ 50,000    
Number of Shares Owned | shares [1],[13],[15],[16],[32] 61,261    
Investment, Identifier [Axis]: Caitec, Inc. - 61,261 Series A Preferred One      
Schedule of Investments [Line Items]      
Date Acquired [1],[13],[15],[16],[32] Dec. 28, 2023    
Cost [1],[13],[15],[16],[32] $ 61,261    
Fair Value [1],[2],[13],[15],[16] $ 50,000    
Number of Shares Owned | shares [1],[13],[15],[16],[32] 61,261    
Investment, Identifier [Axis]: Carolina Skiff LLC - 6.0825% Class A Common      
Schedule of Investments [Line Items]      
Date Acquired [5],[6],[8],[9],[12],[33]   Jan. 30, 2004  
Equity [5],[6],[8],[9],[12],[34]   7.00%  
Cost [5],[6],[8],[9],[12]   $ 15,000  
Fair Value [3],[5],[6],[8],[9],[12]   $ 765,245  
Percent of Net Assets [5],[6],[8],[9],[12]   1.50%  
Membership Interest [5],[6],[7],[8],[9],[12]   6.0825%  
Investment, Identifier [Axis]: Carolina Skiff LLC - 6.0825% Class A Common Membership Interest      
Schedule of Investments [Line Items]      
Date Acquired [1],[15],[18],[25],[30] Jan. 30, 2004    
Equity [1],[15],[18],[25],[31] 7.00%    
Cost [1],[15],[18],[25] $ 15,000    
Fair Value $ 765,245 [1],[2],[15],[18],[25] $ 765,245 1,208,000
Percent of Net Assets [1],[15],[18],[25] 1.50%    
Membership Interest 6.0825% [1],[15],[18],[25],[32] 6.0825%  
Net Change in Unrealized Appreciation (Depreciation)   $ (442,755)  
Amount of Interest/Dividend/Fee Income [23] $ 11,307    
Investment, Identifier [Axis]: Carolina Skiff LLC - 6.62% Premium Preferred Interest.      
Schedule of Investments [Line Items]      
Membership Interest 6.62% 6.62%  
Gross Additions [20]   $ 34,755  
Gross Reductions [22]   (34,755)  
Net Realized Gains (Losses) $ 3,112 684  
Investment, Identifier [Axis]: Corporation - 5.82 Common shares      
Schedule of Investments [Line Items]      
Fair Value   $ 354,925  
Number of Shares Owned | shares 5.82    
Net Change in Unrealized Appreciation (Depreciation) $ (160,925)    
Net Realized Gains (Losses) $ 160,925    
Investment, Identifier [Axis]: FCM Industries Holdco LLC - $3,380,000 Term Note at 13%      
Schedule of Investments [Line Items]      
Date Acquired Jul. 31, 2023 [1],[15],[16],[18],[30] Jul. 31, 2023 [5],[6],[9],[10],[33]  
Equity 12.00% [1],[15],[16],[18],[31] 12.00% [5],[6],[9],[10],[34]  
Cost $ 3,380,000 [1],[15],[16],[18] $ 3,380,000 [5],[6],[9],[10]  
Fair Value $ 3,380,000 [1],[2],[15],[16],[18] $ 3,380,000 [3],[5],[6],[9],[10] 3,380,000
Percent of Net Assets 7.70% [1],[15],[16],[18] 7.50% [5],[6],[9],[10]  
Principle Amount $ 3,380,000 $ 3,380,000  
Interest Rate 13.00% [1],[15],[16],[18],[32] 13.00% [5],[6],[7],[9],[10]  
Due Date Jul. 31, 2028 [1],[15],[16],[18],[32] Jul. 31, 2028 [5],[6],[7],[9],[10]  
Investment owned face amount $ 3,380,000 [1],[15],[16],[18],[32] $ 3,380,000 [5],[6],[7],[9],[10]  
Amount of Interest/Dividend/Fee Income $ 356,200 [23] $ 472,292 [24]  
Investment, Identifier [Axis]: FCM Industries Holdco LLC - $420,000 Convertible Note at 10%      
Schedule of Investments [Line Items]      
Date Acquired Jul. 31, 2023 [1],[15],[16],[18],[30] Jul. 31, 2023 [5],[6],[9],[10],[33]  
Cost $ 578,415 [1],[15],[16],[18] $ 536,344 [5],[6],[9],[10]  
Fair Value 578,415 [1],[2],[15],[16],[18] 536,344 [3],[5],[6],[9],[10]  
Principle Amount $ 420,000 $ 420,000  
Reference Rate and Spread (+), PIK 10.00% [1],[15],[16],[18],[32] 10.00% [5],[6],[7],[9],[10]  
Due Date Jul. 29, 2033 [1],[15],[16],[18],[32] Jul. 31, 2033 [5],[6],[7],[9],[10]  
Investment owned face amount $ 420,000 [1],[15],[16],[18],[32] $ 420,000 [5],[6],[7],[9],[10]  
Net Change in Unrealized Appreciation (Depreciation)   484,837  
Gross Additions 42,071 [19] 51,507 [20]  
Amount of Interest/Dividend/Fee Income $ 42,071 [23] $ 51,507 [24]  
Investment, Identifier [Axis]: Feature Healthcare, LLC d/b/a 4 Seasons Home Care - $4,500,000 Term Note      
Schedule of Investments [Line Items]      
Date Acquired [1],[13],[15],[16],[30],[36] Apr. 27, 2026    
Equity [1],[13],[15],[16],[31],[36] 0.00%    
Cost [1],[13],[15],[16],[36] $ 4,500,000    
Fair Value [1],[2],[13],[15],[16],[36] $ 4,700,000    
Percent of Net Assets [1],[13],[15],[16],[36] 9.10%    
Principle Amount [1],[13],[15],[16],[32],[36] $ 4,500,000    
Interest Rate [1],[13],[15],[16],[32],[36] 12.00%    
Reference Rate and Spread (+), PIK [1],[13],[15],[16],[32],[36] 2.00%    
Due Date [1],[13],[15],[16],[32],[36] Apr. 27, 2031    
Investment, Identifier [Axis]: GoNoodle, Inc. - 1,500,000 Secured Note      
Schedule of Investments [Line Items]      
Date Acquired Nov. 01, 2019 [1],[13],[15],[16],[30] Nov. 01, 2019 [6],[9],[10],[14],[33]  
Equity 1.00% [1],[13],[15],[16],[31] 1.00% [6],[9],[10],[14],[34]  
Cost $ 1,468,692 [1],[13],[15],[16] $ 1,454,709 [6],[9],[10],[14]  
Fair Value $ 1,468,692 [1],[2],[13],[15],[16] $ 1,454,709 [3],[6],[9],[10],[14]  
Percent of Net Assets 2.80% [1],[13],[15],[16] 2.80% [6],[9],[10],[14]  
Principle Amount $ 1,500,000 [1],[13],[15],[16],[32] $ 1,500,000 [6],[7],[9],[10],[14]  
Interest Rate 6.00% [1],[13],[15],[16],[32] 12.00% [6],[7],[9],[10],[14]  
Reference Rate and Spread (+), PIK 6.00% [1],[13],[15],[16],[32] 1.00% [6],[7],[9],[10],[14]  
Due Date Nov. 15, 2026 [1],[13],[15],[16],[32] Mar. 31, 2026 [6],[7],[9],[10],[14]  
Investment, Identifier [Axis]: GoNoodle, Inc. - Warrant for 21,948 Series D Preferred      
Schedule of Investments [Line Items]      
Date Acquired Nov. 01, 2019 [1],[13],[15],[16],[30] Nov. 01, 2019 [6],[9],[10],[14],[33]  
Cost $ 38 [1],[13],[15],[16] $ 38 [6],[9],[10],[14]  
Fair Value $ 38 [1],[2],[13],[15],[16] $ 38 [3],[6],[9],[10],[14]  
Number of Warrants Owned | Units 21,948 [1],[13],[15],[16],[32] 21,948 [6],[7],[9],[10],[14]  
Investment, Identifier [Axis]: Highland All About People Holdings, Inc. - $3,000,000 Term Note at 12%      
Schedule of Investments [Line Items]      
Date Acquired Aug. 07, 2023 [1],[15],[16],[18],[30] Aug. 07, 2023 [5],[6],[9],[10],[33]  
Equity 12.00% [1],[15],[16],[18],[31] 12.00% [5],[6],[9],[10],[34]  
Cost $ 3,407,125 [1],[15],[16],[18] $ 3,305,831 [5],[6],[9],[10]  
Fair Value $ 3,407,125 [1],[2],[15],[16],[18] $ 3,305,831 [3],[5],[6],[9],[10] 3,175,091
Percent of Net Assets 8.60% [1],[15],[16],[18] 7.50% [5],[6],[9],[10]  
Principle Amount $ 3,000,000 $ 3,000,000  
Interest Rate 12.00% [1],[15],[16],[18],[32] 12.00% [5],[6],[7],[9],[10]  
Reference Rate and Spread (+), PIK 4.00% [1],[15],[16],[18],[32] 4.00% [5],[6],[7],[9],[10]  
Due Date Aug. 07, 2028 [1],[15],[16],[18],[32] Aug. 07, 2028 [5],[6],[7],[9],[10]  
Investment owned face amount $ 3,000,000 [1],[15],[16],[18],[32] $ 3,000,000 [5],[6],[7],[9],[10]  
Gross Additions 101,294 [19] 130,740 [20]  
Amount of Interest/Dividend/Fee Income $ 414,177 [23] $ 534,957 [24]  
Investment, Identifier [Axis]: Highland All About People Holdings, Inc. - 1,000,000 Class A Units      
Schedule of Investments [Line Items]      
Date Acquired Aug. 07, 2023 [1],[15],[16],[18],[30] Aug. 07, 2023 [5],[6],[9],[10],[33]  
Cost $ 1,000,000 [1],[15],[16],[18] $ 1,000,000 [5],[6],[9],[10]  
Fair Value $ 1,000,000 [1],[2],[15],[16],[18] $ 600,000 [3],[5],[6],[9],[10] 600,000
Number of Shares Owned | shares 1,000,000 [1],[15],[16],[18],[32] 1,000,000 [5],[6],[7],[9],[10]  
Net Change in Unrealized Appreciation (Depreciation) $ 400,000    
Investment, Identifier [Axis]: Highland All About People Holdings, Inc. Interest Receivable $100,353      
Schedule of Investments [Line Items]      
Number of Shares Owned | shares [5],[6],[7],[9],[10]   100,353  
Investment, Identifier [Axis]: Highland All About People Holdings, Inc. Interest Receivable $101,280      
Schedule of Investments [Line Items]      
Interest receivable [1],[15],[16],[18],[32],[37] $ 104,541    
Investment, Identifier [Axis]: ITA Acquisition, LLC - $1,500,000 Term Note      
Schedule of Investments [Line Items]      
Date Acquired Jun. 22, 2021 [1],[15],[16],[25],[26],[28],[30] Jun. 22, 2021 [6],[8],[9],[10],[11],[29],[33]  
Cost $ 1,820,910 [1],[15],[16],[25],[26],[28] $ 1,820,910 [6],[8],[9],[10],[11],[29]  
Fair Value 334,718 [1],[2],[15],[16],[25],[26],[28] 468,605 [3],[6],[8],[9],[10],[11],[29] 857,032
Net Change in Unrealized Appreciation (Depreciation) (133,887) (388,427)  
Amount of Interest/Dividend/Fee Income $ 4,000 [23] $ 8,000 [24]  
Investment, Identifier [Axis]: ITA Acquisition, LLC - $1,500,000 Term Note at 12%      
Schedule of Investments [Line Items]      
Interest Rate 12.00% [1],[15],[16],[25],[26],[28],[32] 12.00%  
Reference Rate and Spread (+), PIK 2.00% [1],[15],[16],[25],[26],[28],[32] 2.00%  
Due Date Jun. 21, 2026 [1],[15],[16],[25],[26],[28],[32] Jun. 21, 2026  
Investment owned face amount [1],[15],[16],[25],[26],[28],[32] $ 1,500,000    
Investment, Identifier [Axis]: ITA Acquisition, LLC - $1,500,000 Term Note at 12% (+2% PIK), due June 21, 2026      
Schedule of Investments [Line Items]      
Principle Amount $ 1,500,000    
Interest Rate 12.00%    
Reference Rate and Spread (+), PIK 2.00%    
Due Date Jun. 21, 2026    
Investment, Identifier [Axis]: ITA Acquisition, LLC - $1,500,000 Term Note at 14% PIK through March 31, 2026      
Schedule of Investments [Line Items]      
Principle Amount   $ 1,500,000  
Reference Rate and Spread (+), PIK [6],[7],[8],[9],[10],[11],[29]   14.00%  
Due Date [6],[7],[8],[9],[10],[11],[29]   Mar. 31, 2026  
Investment owned face amount [6],[7],[8],[9],[10],[11],[29]   $ 1,500,000  
Investment, Identifier [Axis]: ITA Acquisition, LLC - $1,500,000 Term Note at Thereafter 12%      
Schedule of Investments [Line Items]      
Interest Rate [6],[7],[8],[9],[10],[11],[29]   12.00%  
Reference Rate and Spread (+), PIK [6],[7],[8],[9],[10],[11],[29]   2.00%  
Due Date [6],[7],[8],[9],[10],[11],[29]   Jun. 21, 2026  
Investment, Identifier [Axis]: ITA Acquisition, LLC - $2,672,808 Fifth Amended and Restated Term Note      
Schedule of Investments [Line Items]      
Date Acquired [6],[8],[9],[10],[11],[29],[33]   Jun. 22, 2021  
Equity [6],[8],[9],[10],[11],[29],[34]   37.00%  
Cost [6],[8],[9],[10],[11],[29]   $ 3,619,220  
Fair Value   $ 931,395 [3],[6],[8],[9],[10],[11],[29] 1,642,968
Percent of Net Assets [6],[8],[9],[10],[11],[29]   2.70%  
Net Change in Unrealized Appreciation (Depreciation)   $ (1,086,573)  
Gross Additions [20]   375,000  
Amount of Interest/Dividend/Fee Income [24]   45,355  
Investment, Identifier [Axis]: ITA Acquisition, LLC - $2,672,808 Fifth Amended and Restated Term Note $2,297,808 at 12% (+2% PIK), $375,000 at 14%      
Schedule of Investments [Line Items]      
Principle Amount $ 2,672,808    
Investment, Identifier [Axis]: ITA Acquisition, LLC - $2,672,808 Fifth Amended and Restated Term Note $2,297,808 at 12%, $375,000 at 14%      
Schedule of Investments [Line Items]      
Date Acquired [1],[15],[16],[25],[26],[28],[30] Jun. 22, 2021    
Equity [1],[15],[16],[25],[26],[28],[31] 37.00%    
Cost [1],[15],[16],[25],[26],[28] $ 3,619,220    
Fair Value [1],[2],[15],[16],[25],[26],[28] $ 665,282    
Percent of Net Assets [1],[15],[16],[25],[26],[28] 1.90%    
Investment owned face amount [1],[15],[16],[25],[26],[28],[32] $ 2,672,808    
Investment, Identifier [Axis]: ITA Acquisition, LLC - $2,672,808 Fifth Amended and Restated Term Note $2,297,808 at 14%, $375,000 at 14%      
Schedule of Investments [Line Items]      
Fair Value 665,282 $ 931,395  
Net Change in Unrealized Appreciation (Depreciation) (266,113)    
Amount of Interest/Dividend/Fee Income [23] 21,549    
Investment, Identifier [Axis]: ITA Acquisition, LLC - $2,672,808 Fifth Amended and Restated Term Note $2,297,808 in principal amount at 12% (+2% PIK)      
Schedule of Investments [Line Items]      
Principle Amount $ 2,297,808    
Interest Rate [1],[15],[16],[25],[26],[28],[32] 12.00%    
Reference Rate and Spread (+), PIK [1],[15],[16],[25],[26],[28],[32] 2.00%    
Due Date [1],[15],[16],[25],[26],[28],[32] Jun. 21, 2026    
Investment owned face amount [1],[15],[16],[25],[26],[28],[32] $ 2,297,808    
Investment, Identifier [Axis]: ITA Acquisition, LLC - $2,672,808 Fifth Amended and Restated Term Note $375,000 in principal amount at 14% through June 21, 2026      
Schedule of Investments [Line Items]      
Interest Rate [1],[15],[16],[25],[26],[28],[32] 14.00%    
Due Date [1],[15],[16],[25],[26],[28],[32] Jun. 21, 2026    
Investment owned face amount [1],[15],[16],[25],[26],[28],[32] $ 375,000    
Investment, Identifier [Axis]: ITA Acquisition, LLC - $2,672,808 Fifth Amended and Restated Term Note at 12%      
Schedule of Investments [Line Items]      
Interest Rate [6],[7],[8],[9],[10],[11],[29]   12.00%  
Reference Rate and Spread (+), PIK [6],[7],[8],[9],[10],[11],[29]   2.00%  
Due Date [6],[7],[8],[9],[10],[11],[29]   Jun. 21, 2026  
Investment, Identifier [Axis]: ITA Acquisition, LLC - $2,672,808 Fifth Amended and Restated Term Note at 14% PIK through March 31, 2026      
Schedule of Investments [Line Items]      
Principle Amount   $ 2,672,808  
Reference Rate and Spread (+), PIK [6],[7],[8],[9],[10],[11],[29]   14.00%  
Due Date [6],[7],[8],[9],[10],[11],[29]   Mar. 31, 2026  
Investment owned face amount [6],[7],[8],[9],[10],[11],[29]   $ 2,672,808  
Investment, Identifier [Axis]: ITA Acquisition, LLC - $2,672,808 Fifth Amended and Restated Term Note, $375,000 in principal amount at 14% due June 21, 2026      
Schedule of Investments [Line Items]      
Principle Amount $ 375,000    
Interest Rate 14.00%    
Due Date Jun. 21, 2026    
Investment, Identifier [Axis]: ITA Acquisition, LLC - 1,124 Class A Preferred Units      
Schedule of Investments [Line Items]      
Number of Shares Owned | shares 1,124 [1],[15],[16],[25],[26],[28],[32] 1,124 [6],[7],[8],[9],[10],[11],[29]  
Investment, Identifier [Axis]: ITA Acquisition, LLC 1,124 Class A Preferred Units and 1,924 Class B Common Units      
Schedule of Investments [Line Items]      
Date Acquired Jun. 22, 2021 [1],[15],[16],[25],[26],[28],[30] Jun. 22, 2021 [6],[8],[9],[10],[11],[29],[33]  
Cost $ 1,123,810 [1],[15],[16],[25],[26],[28] $ 1,123,810 [6],[8],[9],[10],[11],[29]  
Fair Value [6],[8],[9],[10],[11],[29]   $ 0  
Investment, Identifier [Axis]: ITA Acquisition, LLC 1,124 ITA Acquisition, LLC - 1,924 Class B Common Units.      
Schedule of Investments [Line Items]      
Number of Shares Owned | shares 1,924 1,924  
Investment, Identifier [Axis]: ITA Acquisition, LLC 1,924 Class B Common Units      
Schedule of Investments [Line Items]      
Number of Shares Owned | shares 1,924 [1],[15],[16],[25],[26],[28],[32] 1,924 [6],[7],[8],[9],[10],[11],[29]  
Investment, Identifier [Axis]: Inter-National Electronic Alloys - $3,288,235 Term Note at 12%      
Schedule of Investments [Line Items]      
Fair Value   $ 3,389,246 3,372,069
Principle Amount   $ 3,288,235  
Interest Rate   12.00%  
Due Date   Apr. 04, 2028  
Gross Additions [20]   $ 17,177  
Amount of Interest/Dividend/Fee Income [24]   441,562  
Investment, Identifier [Axis]: Inter-National Electronic Alloys LLC - $3,288,235 Term Note at 12%      
Schedule of Investments [Line Items]      
Fair Value $ 3,397,726 3,389,246  
Principle Amount $ 3,288,235    
Interest Rate 12.00%    
Due Date Apr. 04, 2028    
Gross Additions [19] $ 8,480    
Amount of Interest/Dividend/Fee Income [23] 327,369    
Investment, Identifier [Axis]: Inter-National Electronic Alloys LLC - 75.3 Class B Preferred Units      
Schedule of Investments [Line Items]      
Fair Value $ 2,500,000 $ 1,800,000 1,011,765
Number of Shares Owned | shares 75.3 75.3  
Net Change in Unrealized Appreciation (Depreciation) $ 700,000 $ 788,235  
Amount of Interest/Dividend/Fee Income [23] $ 169,447    
Investment, Identifier [Axis]: Inter-National Electronic Alloys LLC d/b/a EFINEA - $3,288,235 Term Note      
Schedule of Investments [Line Items]      
Date Acquired Apr. 04, 2023 [1],[15],[18],[25],[30] Apr. 04, 2023 [5],[6],[8],[9],[33]  
Equity 6.00% [1],[15],[18],[25],[31] 6.00% [5],[6],[8],[9],[34]  
Cost $ 3,397,726 [1],[15],[18],[25] $ 3,389,246 [5],[6],[8],[9]  
Fair Value $ 3,397,726 [1],[2],[15],[18],[25] $ 3,389,246 [3],[5],[6],[8],[9]  
Percent of Net Assets 11.40% [1],[15],[18],[25] 9.90% [5],[6],[8],[9]  
Interest Rate 12.00% [1],[15],[18],[25],[32] 12.00% [5],[6],[7],[8],[9]  
Due Date Apr. 04, 2028 [1],[15],[18],[25],[32] Apr. 04, 2028 [5],[6],[7],[8],[9]  
Investment owned face amount $ 3,288,235 [1],[15],[18],[25],[32] $ 3,288,235 [5],[6],[7],[8],[9]  
Investment, Identifier [Axis]: Inter-National Electronic Alloys LLC d/b/a EFINEA - 75.3 Class B Preferred Units      
Schedule of Investments [Line Items]      
Date Acquired Apr. 04, 2023 [1],[15],[18],[25],[30] Apr. 04, 2023 [5],[6],[8],[9],[33]  
Cost $ 1,011,765 [1],[15],[18],[25] $ 1,011,765 [5],[6],[8],[9]  
Fair Value $ 2,500,000 [1],[2],[15],[18],[25] $ 1,800,000 [3],[5],[6],[8],[9]  
Number of Shares Owned | shares 75.3 [1],[15],[18],[25],[32] 75.3 [5],[6],[7],[8],[9]  
Investment, Identifier [Axis]: JPMorgan U.S. Government Money Market Fund Premier      
Schedule of Investments [Line Items]      
Percentage of money market funds 3.30%    
Investment, Identifier [Axis]: Microcision LLC - Membership Interest Purchase Warrant for 5%      
Schedule of Investments [Line Items]      
Membership Interest   5.00%  
Net Realized Gains (Losses)   $ 55,357  
Investment, Identifier [Axis]: Mobile RN Holdings LLC - $2,500,000 Term Note at 14%      
Schedule of Investments [Line Items]      
Fair Value $ 2,551,076 2,531,827 2,506,319
Principle Amount $ 2,500,000 $ 2,500,000  
Interest Rate 14.00% 14.00%  
Reference Rate and Spread (+), PIK 1.00% 1.00%  
Due Date Oct. 02, 2029 Oct. 02, 2029  
Gross Additions $ 19,249 [19] $ 25,508 [20]  
Amount of Interest/Dividend/Fee Income 297,349 [23] 405,515 [24]  
Investment, Identifier [Axis]: Mobile RN Holdings LLC - 6,375 Class A Common Units      
Schedule of Investments [Line Items]      
Fair Value $ 500,000 $ 500,000 375,000
Number of Shares Owned | shares 6,375 6,375  
Net Change in Unrealized Appreciation (Depreciation)   $ 125,000  
Investment, Identifier [Axis]: Mobile RN Holdings LLC d/b/a Mobile IV Nurses - $2,500,000 Term Note      
Schedule of Investments [Line Items]      
Date Acquired [5],[6],[8],[9],[10],[33]   Oct. 02, 2024  
Equity [5],[6],[8],[9],[10],[34]   6.00%  
Cost [5],[6],[8],[9],[10]   $ 2,531,827  
Fair Value [3],[5],[6],[8],[9],[10]   $ 2,531,827  
Percent of Net Assets [5],[6],[8],[9],[10]   5.80%  
Interest Rate [5],[6],[7],[8],[9],[10]   14.00%  
Reference Rate and Spread (+), PIK [5],[6],[7],[8],[9],[10]   1.00%  
Due Date [5],[6],[7],[8],[9],[10]   Oct. 02, 2029  
Investment owned face amount [5],[6],[7],[8],[9],[10]   $ 2,500,000  
Investment, Identifier [Axis]: Mobile RN Holdings LLC d/b/a Mobile IV Nurses - $2,500,000 Term Note at 14%      
Schedule of Investments [Line Items]      
Date Acquired [1],[15],[16],[18],[25],[30] Oct. 02, 2024    
Equity [1],[15],[16],[18],[25],[31] 6.00%    
Cost [1],[15],[16],[18],[25] $ 2,551,076    
Fair Value [1],[15],[16],[18],[25] $ 2,551,076    
Percent of Net Assets [1],[15],[16],[18],[25] 5.90%    
Interest Rate [1],[15],[16],[18],[25],[32] 14.00%    
Reference Rate and Spread (+), PIK [1],[15],[16],[18],[25],[32] 1.00%    
Due Date [1],[15],[16],[18],[25],[32] Oct. 02, 2029    
Investment owned face amount [1],[15],[16],[18],[25],[32] $ 2,500,000    
Investment, Identifier [Axis]: Mobile RN Holdings LLC d/b/a Mobile IV Nurses - 6,375 Class A Common Units      
Schedule of Investments [Line Items]      
Date Acquired Oct. 02, 2024 [1],[15],[16],[18],[25],[30] Oct. 02, 2024 [5],[6],[8],[9],[10],[33]  
Cost $ 375,000 [1],[15],[16],[18],[25] $ 375,000 [5],[6],[8],[9],[10]  
Fair Value $ 500,000 [1],[15],[16],[18],[25] $ 500,000 [3],[5],[6],[8],[9],[10]  
Number of Shares Owned | shares 6,375 [1],[15],[16],[18],[25],[32] 6,375 [5],[6],[7],[8],[9],[10]  
Investment, Identifier [Axis]: Mountain Regional Equipment Solutions - $3,000,000 Term Note      
Schedule of Investments [Line Items]      
Date Acquired Jan. 16, 2024 [1],[15],[17],[18],[25],[26],[30] Jan. 16, 2024 [5],[6],[8],[9],[10],[11],[12],[33]  
Equity 7.00% [1],[15],[17],[18],[25],[26],[31] 7.00% [5],[6],[8],[9],[10],[11],[12],[34]  
Cost $ 3,317,419 [1],[15],[17],[18],[25],[26] $ 3,314,419 [5],[6],[8],[9],[10],[11],[12]  
Fair Value $ 1,000,000 [1],[2],[15],[17],[18],[25],[26] $ 1,400,000 [3],[5],[6],[8],[9],[10],[11],[12]  
Percent of Net Assets 3.30% [1],[15],[17],[18],[25],[26] 2.70% [5],[6],[8],[9],[10],[11],[12]  
Interest Rate [1],[15],[17],[18],[25],[26],[32] 14.00%    
Reference Rate and Spread (+), PIK [5],[6],[7],[8],[9],[10],[11],[12]   14.00%  
Due Date Jan. 16, 2029 [1],[15],[17],[18],[25],[26],[32] Dec. 31, 2025 [5],[6],[7],[8],[9],[10],[11],[12]  
Investment owned face amount $ 3,000,000 [1],[15],[17],[18],[25],[26],[32] $ 3,000,000 [5],[6],[7],[8],[9],[10],[11],[12]  
Investment, Identifier [Axis]: Mountain Regional Equipment Solutions - $3,000,000 Term Note at 14% PIK      
Schedule of Investments [Line Items]      
Fair Value   1,400,000  
Net Change in Unrealized Appreciation (Depreciation)   (1,462,419)  
Gross Additions [20]   2,862,419  
Amount of Interest/Dividend/Fee Income [24]   374,419  
Investment, Identifier [Axis]: Mountain Regional Equipment Solutions - $3,000,000 Term Note at 14% PIK through December 31, 2025      
Schedule of Investments [Line Items]      
Principle Amount   $ 3,000,000  
Interest Rate   14.00%  
Due Date   Dec. 31, 2025  
Investment, Identifier [Axis]: Mountain Regional Equipment Solutions - $3,000,000 Term Note at 14%, due January 16, 2029      
Schedule of Investments [Line Items]      
Fair Value 1,000,000 $ 1,400,000  
Principle Amount $ 3,000,000    
Interest Rate 14.00% 14.00%  
Due Date Jan. 16, 2029 Jan. 16, 2029  
Net Change in Unrealized Appreciation (Depreciation) $ (403,000)    
Gross Additions [19] 3,000    
Amount of Interest/Dividend/Fee Income [23] 12,000    
Investment, Identifier [Axis]: Mountain Regional Equipment Solutions - $677,924 Senior Secured Promissory Note at SOFR + 3.25%, due January 16, 2027      
Schedule of Investments [Line Items]      
Fair Value 677,924    
Principle Amount $ 677,924    
Interest Rate 3.25%    
Due Date Jan. 16, 2027    
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember    
Gross Additions [19] $ 677,924    
Investment, Identifier [Axis]: Mountain Regional Equipment Solutions - 37,991 Common Units      
Schedule of Investments [Line Items]      
Date Acquired Jan. 16, 2024 [1],[15],[17],[18],[25],[26],[30] Jan. 16, 2024 [5],[6],[8],[9],[10],[11],[12],[33]  
Cost $ 204,545 [1],[15],[17],[18],[25],[26] $ 204,545 [5],[6],[8],[9],[10],[11],[12]  
Number of Shares Owned | shares 37,991 [1],[15],[17],[18],[25],[26],[32] 37,991 [5],[6],[7],[8],[9],[10],[11],[12]  
Investment, Identifier [Axis]: Mountain Regional Equipment Solutions - 677,924 Senior Secured Promissory Note      
Schedule of Investments [Line Items]      
Date Acquired [1],[15],[17],[18],[25],[26],[30] Mar. 13, 2026    
Cost [1],[15],[17],[18],[25],[26] $ 677,924    
Fair Value [1],[2],[15],[17],[18],[25],[26] 677,924    
Principle Amount [1],[15],[17],[18],[25],[26],[32] $ 677,924    
Due Date [1],[15],[17],[18],[25],[26],[32] Jan. 16, 2027    
Variable rate [1],[15],[17],[18],[25],[26],[32] 3.25%    
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember    
Investment, Identifier [Axis]: Mountain Regional Equipment Solutions - Warrant for 4% Membership Interest      
Schedule of Investments [Line Items]      
Date Acquired Jan. 16, 2024 [1],[15],[17],[18],[25],[26],[30] Jan. 16, 2024 [5],[6],[8],[9],[10],[11],[12],[33]  
Cost $ 60,000 [1],[15],[17],[18],[25],[26] $ 60,000 [5],[6],[8],[9],[10],[11],[12]  
Membership Interest 4.00% [1],[15],[17],[18],[25],[26],[32] 4.00% [5],[6],[7],[8],[9],[10],[11],[12]  
Investment warrant rate 4.00% 4.00%  
Investment, Identifier [Axis]: OnCore Golf Technology, Inc. - 300,483 Preferred AA      
Schedule of Investments [Line Items]      
Date Acquired Nov. 30, 2018 [1],[13],[15],[17],[30] Nov. 30, 2018 [6],[9],[12],[14],[33]  
Equity 2.00% [1],[13],[15],[17],[31] 2.00% [6],[9],[12],[14],[34]  
Cost $ 752,712 [1],[13],[15],[17] $ 752,712 [6],[9],[12],[14]  
Fair Value $ 0 [1],[2],[13],[15],[17] $ 100,000 [3],[6],[9],[12],[14]  
Percent of Net Assets 0.00% [1],[13],[15],[17] 0.20% [6],[9],[12],[14]  
Number of Shares Owned | shares 300,483 [1],[13],[15],[17],[32] 300,483 [6],[7],[9],[12],[14]  
Investment, Identifier [Axis]: Open Exchange, Inc. - 397,899 Common      
Schedule of Investments [Line Items]      
Date Acquired Oct. 22, 2019 [1],[13],[15],[17],[30] Oct. 22, 2019 [6],[9],[12],[14],[33]  
Cost $ 208,243 [1],[13],[15],[17] $ 208,243 [6],[9],[12],[14]  
Number of Shares Owned | shares 397,899 [1],[13],[15],[17],[32] 397,899 [6],[7],[9],[12],[14]  
Investment, Identifier [Axis]: Open Exchange, Inc. - 397,899 Series C Preferred      
Schedule of Investments [Line Items]      
Date Acquired Nov. 13, 2013 [1],[13],[15],[17],[30] Nov. 13, 2013 [6],[9],[12],[14],[33]  
Equity 2.00% [1],[13],[15],[17],[31] 2.00% [6],[9],[12],[14],[34]  
Cost $ 1,193,697 [1],[13],[15],[17] $ 1,193,697 [6],[9],[12],[14]  
Fair Value $ 1,401,940 [1],[2],[13],[15],[17] $ 700,000 [3],[6],[9],[12],[14]  
Percent of Net Assets 2.70% [1],[13],[15],[17] 1.30% [6],[9],[12],[14]  
Number of Shares Owned | shares 397,899 [1],[13],[15],[17],[32] 397,899 [6],[7],[9],[12],[14]  
Investment, Identifier [Axis]: PostProcess Technologies, Inc. - 137,054 Series A Preferred      
Schedule of Investments [Line Items]      
Date Acquired Nov. 01, 2019 [1],[13],[15],[17],[30] Nov. 01, 2019 [6],[9],[12],[14],[33]  
Equity 1.00% [1],[13],[15],[17],[31] 1.00% [6],[9],[12],[14],[34]  
Cost $ 348,875 [1],[13],[15],[17] $ 348,875 [6],[9],[12],[14]  
Percent of Net Assets 0.00% [1],[13],[15],[17] 0.00% [6],[9],[12],[14]  
Number of Shares Owned | shares 137,054 [1],[13],[15],[17],[32] 137,054 [6],[7],[9],[12],[14]  
Investment, Identifier [Axis]: Pressure Pro, Inc. - $3,000,000 Term Note at 12% (+3% PIK) due January, 19, 2028      
Schedule of Investments [Line Items]      
Fair Value     1,702,705
Principle Amount   $ 3,000,000  
Interest Rate   12.00%  
Reference Rate and Spread (+), PIK   3.00%  
Due Date   Jan. 19, 2028  
Gross Additions [20]   $ 22,445  
Gross Reductions [22]   (1,725,150)  
Amount of Interest/Dividend/Fee Income [24]   $ 220,550  
Investment, Identifier [Axis]: Pressure Pro, Inc. - Warrant for 10% Membership Interest      
Schedule of Investments [Line Items]      
Fair Value     750,000
Membership Interest   10.00%  
Net Change in Unrealized Appreciation (Depreciation)   $ (720,000)  
Gross Reductions [22]   (30,000)  
Net Realized Gains (Losses)   $ 870,000  
Investment, Identifier [Axis]: SQF LLC d/b/a Verta - 211,567 A-1 Units of SQF Holdco LLC.      
Schedule of Investments [Line Items]      
Date Acquired Mar. 15, 2019 [1],[13],[15],[17],[30] Mar. 15, 2019 [6],[9],[12],[14],[33]  
Equity 2.00% [1],[13],[15],[17],[31] 2.00% [6],[9],[12],[14],[34]  
Fair Value $ 2,000,000 [1],[2],[13],[15],[17] $ 1,500,000 [3],[6],[9],[12],[14]  
Percent of Net Assets 7.80% [1],[13],[15],[17] 5.70% [6],[9],[12],[14]  
Number of Shares Owned | shares 211,567 [1],[13],[15],[17],[32] 211,567 [6],[7],[9],[12],[14]  
Investment, Identifier [Axis]: SQF LLC d/b/a Verta - 250 Class D-1 Units of SQF Holdco LLC.      
Schedule of Investments [Line Items]      
Date Acquired Feb. 20, 2023 [1],[13],[15],[17],[30] Feb. 16, 2023 [6],[9],[12],[14],[33]  
Cost $ 250,000 [1],[13],[15],[17] $ 250,000 [6],[9],[12],[14]  
Fair Value $ 2,000,000 [1],[2],[13],[15],[17] $ 1,500,000 [3],[6],[9],[12],[14]  
Number of Shares Owned | shares 250 [1],[13],[15],[17],[32] 250 [6],[7],[9],[12],[14]  
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - $1,435,435 Term Note at 12%      
Schedule of Investments [Line Items]      
Fair Value     1,511,064
Gross Additions [20]   $ 17,701  
Gross Reductions [22]   (1,528,765)  
Amount of Interest/Dividend/Fee Income [24]   140,096  
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - $1,435,435 Term Note at 12% (+2% PIK) through January 19, 2026      
Schedule of Investments [Line Items]      
Principle Amount   $ 1,435,435  
Interest Rate   12.00%  
Reference Rate and Spread (+), PIK   2.00%  
Due Date   Jan. 19, 2026  
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - $1,435,435 Term Note at 14%, due January 19, 2027      
Schedule of Investments [Line Items]      
Interest Rate   14.00%  
Due Date   Jan. 19, 2027  
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - $6,099,131 Fourth Amended and Restated Term Note, $1,800,000 in principal amount at 14%, due January 19, 2027.      
Schedule of Investments [Line Items]      
Interest Rate   14.00%  
Reference Rate and Spread (+), PIK   14.00%  
Due Date   Jan. 19, 2027  
Investment owned face amount   $ 1,800,000  
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - $6,099,131 Fourth Amended and Restated Term Note, $4,299,131 at 12%, $1,800,000 at 14%      
Schedule of Investments [Line Items]      
Fair Value     6,167,723
Principle Amount   6,099,131  
Gross Additions [20]   46,482  
Gross Reductions [22]   (6,214,205)  
Amount of Interest/Dividend/Fee Income [24]   $ 585,305  
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - $6,099,131 Fourth Amended and Restated Term Note, $4,299,131 in principal amount at 12% (+2% PIK) through January 19, 2026      
Schedule of Investments [Line Items]      
Interest Rate   12.00%  
Reference Rate and Spread (+), PIK   2.00%  
Due Date   Jan. 19, 2026  
Investment owned face amount   $ 4,299,131  
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - 5.82 Common shares      
Schedule of Investments [Line Items]      
Date Acquired [5],[6],[9],[12],[33]   Oct. 24, 2022  
Equity [5],[6],[9],[12],[34]   8.00%  
Cost [5],[6],[9],[12]   $ 194,000  
Fair Value   $ 354,925 [3],[5],[6],[9],[12] 194,000
Percent of Net Assets [5],[6],[9],[12]   2.50%  
Number of Shares Owned | shares [5],[6],[7],[9],[12]   5.82  
Net Change in Unrealized Appreciation (Depreciation)   $ 160,925  
Gross Reductions [21] $ (194,000)    
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - Warrant for 4% Membership Interest      
Schedule of Investments [Line Items]      
Date Acquired [5],[6],[9],[12],[33]   Jan. 19, 2021  
Cost [5],[6],[9],[12]   $ 25,000  
Fair Value   $ 470,367 [3],[5],[6],[9],[12] 25,000
Membership Interest [5],[6],[7],[9],[12]   4.00%  
Investment warrant rate 4.00%    
Net Change in Unrealized Appreciation (Depreciation) $ (445,367) $ 445,367  
Gross Reductions [21] (25,000)    
Net Realized Gains (Losses) $ 455,767    
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - Warrant for 4% Membership Interest One      
Schedule of Investments [Line Items]      
Date Acquired [5],[6],[9],[12],[33]   Jan. 19, 2021  
Cost [5],[6],[9],[12]   $ 25,000  
Fair Value   $ 470,367 [3],[5],[6],[9],[12] 25,000
Membership Interest [5],[6],[7],[9],[12]   4.00%  
Investment warrant rate 4.00% 4.00%  
Net Change in Unrealized Appreciation (Depreciation) $ (445,367) $ 445,367  
Gross Reductions [21] (25,000)    
Net Realized Gains (Losses) $ 455,767    
Investment, Identifier [Axis]: Termite Guy Corp - $2,100,000 Term Note      
Schedule of Investments [Line Items]      
Date Acquired [1],[15],[16],[18],[30] Jun. 03, 2026    
Equity [1],[15],[16],[18],[31] 8.00%    
Cost [1],[15],[16],[18] $ 2,107,004    
Fair Value [1],[2],[15],[16],[18] $ 2,107,004    
Percent of Net Assets [1],[15],[16],[18] 4.70%    
Interest Rate [1],[15],[16],[18],[32] 13.00%    
Reference Rate and Spread (+), PIK [1],[15],[16],[18],[32] 1.00%    
Due Date [1],[15],[16],[18],[32] Jun. 03, 2031    
Investment owned face amount [1],[15],[16],[18],[32] $ 2,100,000    
Investment, Identifier [Axis]: Termite Guy Corporation $2,100,000 Term Note at 13% (+1% PIK) due June 3, 2031      
Schedule of Investments [Line Items]      
Fair Value 2,107,004    
Principle Amount $ 2,100,000    
Interest Rate 13.00%    
Reference Rate and Spread (+), PIK 1.00%    
Due Date Jun. 03, 2031    
Gross Additions [19] $ 2,107,004    
Amount of Interest/Dividend/Fee Income [23] $ 99,667    
Investment, Identifier [Axis]: Termite Guy Corporation - 300,000 Class A Units      
Schedule of Investments [Line Items]      
Date Acquired [1],[15],[16],[18],[30] Jun. 03, 2026    
Cost [1],[15],[16],[18] $ 300,000    
Fair Value [1],[2],[15],[16],[18] $ 300,000    
Number of Shares Owned | shares [1],[15],[16],[18],[32] 300,000    
Gross Additions [19] $ 300,000    
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 120,000 Series B Preferred      
Schedule of Investments [Line Items]      
Fair Value     4,560,000
Number of Shares Owned | shares   120,000  
Net Change in Unrealized Appreciation (Depreciation)   $ (3,960,000)  
Gross Reductions [22]   (600,000)  
Net Realized Gains (Losses)   (600,000)  
Amount of Interest/Dividend/Fee Income [24]   $ 13,125  
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 15,385 Series E Preferred      
Schedule of Investments [Line Items]      
Fair Value     584,000
Number of Shares Owned | shares   15,385  
Net Change in Unrealized Appreciation (Depreciation)   $ (83,988)  
Gross Reductions [22]   (500,012)  
Net Realized Gains (Losses)   $ (500,012)  
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 21,391 Series C Preferred      
Schedule of Investments [Line Items]      
Fair Value     813,000
Number of Shares Owned | shares   21,391  
Net Change in Unrealized Appreciation (Depreciation)   $ (613,000)  
Gross Reductions [22]   (200,000)  
Net Realized Gains (Losses)   $ (200,000)  
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 211,567 A-1 Units of SQF Holdco LLC.      
Schedule of Investments [Line Items]      
Fair Value     1,000,000
Number of Shares Owned | shares   211,567  
Gross Reductions [22]   $ (1,000,000)  
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 23,077 Series F Preferred      
Schedule of Investments [Line Items]      
Fair Value     877,000
Number of Shares Owned | shares   23,077  
Net Change in Unrealized Appreciation (Depreciation)   $ (126,997)  
Gross Reductions [22]   (750,003)  
Net Realized Gains (Losses)   $ (750,003)  
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 250 Class D-1 Units of SQF Holdco LLC      
Schedule of Investments [Line Items]      
Fair Value     1,000,000
Number of Shares Owned | shares   250  
Gross Reductions [22]   $ (1,000,000)  
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 70,176 Series D Preferred      
Schedule of Investments [Line Items]      
Fair Value     $ 2,666,000
Number of Shares Owned | shares   70,176  
Net Change in Unrealized Appreciation (Depreciation)   $ (1,866,000)  
Gross Reductions [22]   (800,000)  
Net Realized Gains (Losses)   $ (800,000)  
[1] All of the Corporation’s portfolio assets are pledged as collateral for purposes of securing the Corporation’s senior secured revolving credit facility pursuant to a general security agreement, dated June 27, 2022, between the Corporation, the subsidiaries listed therein, and the Lender (as defined herein).
[2] The Corporation’s investments are carried at fair value in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 820 “Fair Value Measurements and Disclosures” (“ASC 820”), which defines fair value and establishes guidelines for measuring fair value. At September 30, 2026, ASC 820 designates 100% of the Corporation’s investments as “Level 3” assets. Under the valuation policy of the Corporation, unrestricted publicly traded securities are valued at the closing price for these securities on the last trading day of the reporting period. Restricted securities are subject to restrictions on resale and are valued at fair value as determined in good faith by our external investment advisor Rand Capital Management, LLC (“RCM”) and approved by the Board of Directors. Fair value is considered to be the amount that the Corporation may reasonably expect to receive for portfolio securities when sold on the valuation date. Valuations as of any particular date, however, are not necessarily indicative of amounts which may ultimately be realized as a result of future sales or other dispositions of securities and these favorable or unfavorable differences could be material. Among the factors considered in determining the fair value of restricted securities are the financial condition and operating results, projected operations, and other analytical data relating to the investment. Also considered are the market prices for unrestricted securities of the same class (if applicable) and other matters which may have an impact on the value of the portfolio company (see Note 3—Investments to the Consolidated Financial Statements).
[3] The Corporation’s investments are carried at fair value in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 820 “Fair Value Measurements and Disclosures” (“ASC 820”), which defines fair value and establishes guidelines for measuring fair value. At December 31, 2025, ASC 820 designates 100% of the Corporation’s investments as “Level 3” assets. Under the valuation policy of the Corporation, unrestricted publicly traded securities are valued at the closing price for these securities on the last trading day of the reporting period. Restricted securities are subject to restrictions on resale and are valued at fair value as determined in good faith by our external investment advisor Rand Capital Management, LLC (“RCM”) and approved by our Board of Directors. Fair value is considered to be the amount that the Corporation may reasonably expect to receive for portfolio securities when sold on the valuation date. Valuations as of any particular date, however, are not necessarily indicative of amounts which may ultimately be realized as a result of future sales or other dispositions of securities and these favorable or unfavorable differences could be material. Among the factors considered in determining the fair value of restricted securities are the financial condition and operating results, projected operations, and other analytical data relating to the investment. Also considered are the market prices for unrestricted securities of the same class (if applicable) and other matters which may have an impact on the value of the portfolio company (see Note 3—Investments to the Consolidated Financial Statements).
[4] Per share data is based on shares outstanding and the results are rounded to the nearest cent.
[5] Affiliate Investments are defined by the Investment Company Act of 1940, as amended (“1940 Act”), as those Non-Control Investments in companies in which between 5% and 25% of the voting securities are owned by the Corporation.
[6] All of the Corporation’s portfolio assets are pledged as collateral for purposes of securing the Corporation’s senior secured revolving credit facility pursuant to a general security agreement, dated June 27, 2022, between the Corporation, the subsidiaries listed therein, and the Lender (as defined herein).
[7] At December 31, 2025, restricted securities represented 100% of the fair value of the investment portfolio. Restricted securities are subject to one or more restrictions on resale and are not freely marketable. Type of investment for equity position is in the form of shares unless otherwise noted as units or interests, i.e., preferred shares or common shares.
[8] Equity holdings are held in a wholly owned (100%) “blocker corporation” subsidiary of Rand Capital Corporation for federal income tax and Regulated Investment Company (RIC) compliance purposes.
[9] Investments classified as Level 3 for purposes of the fair value determination by RCM and approved by our Board of Directors.
[10] Payment in kind (PIK) represents earned interest that is added to the cost basis of the investment and due at maturity. The amount of PIK earned is included in the interest rate detailed in the “Type of Investment” column, unless it has been noted with a (+), in which case the PIK is in addition to the face amount of interest due on the security.
[11] These debt investments are on non-accrual status as of December 31, 2025.
[12] These investments are non-income producing. All other investments are income producing. Non-income producing investments have not generated cash payments of interest or dividends including LLC tax-related distributions within the last twelve months or are not expected to do so going forward. If a debt or a preferred equity investment fails to make its most recent payment, then the investment will also be classified as non-income producing.
[13] Non-Control/Non-Affiliate Investments are investments that are neither Control Investments nor Affiliate Investments.
[14] Non-Control/Non-Affiliate Investments are investments that are neither Control Investments nor Affiliate Investments.
[15] Investments classified as Level 3 for purposes of the fair value determination by RCM and approved by our Board of Directors.
[16] Payment in kind (PIK) represents earned interest that is added to the cost basis of the investment and due at maturity. The amount of PIK earned is included in the interest rate detailed in the “Type of Investment” column, unless it has been noted with a (+), in which case the PIK is in addition to the face amount of interest due on the security.
[17] These investments are non-income producing. All other investments are income producing. Non-income producing investments have not generated cash payments of interest or dividends including LLC tax-related distributions within the last twelve months or are not expected to do so going forward. If a debt or a preferred equity investment fails to make its most recent payment, then the investment will also be classified as non-income producing.
[18] Affiliate Investments are defined by the Investment Company Act of 1940, as amended (“1940 Act”), as those Non-Control Investments in companies in which between 5% and 25% of the voting securities are owned by the Corporation.
[19] Gross additions include increases in the cost basis of investments resulting from new portfolio investments, follow-on investments, capitalized interest and the accretion of discounts. Gross additions also include the movement of an existing portfolio company into this category and out of another category.
[20] Gross additions include increases in the cost basis of investments resulting from new portfolio investments, follow on investments, capitalized interest and the accretion of discounts. Gross additions also include the movement of an existing portfolio company into this category and out of another category.
[21] Gross reductions include decreases in the cost basis of investments resulting from principal repayments, sales, note conversions, the exchange of existing securities for new securities and the movement of an existing portfolio company out of this category and into another category.
[22] Gross reductions include decreases in the cost basis of investments resulting from principal repayments, sales, note conversions, the exchange of existing securities for new securities and the movement of an existing portfolio company out of this category and into another category.
[23] Represents the total amount of interest, fees or dividends credited to income for the portion of the period an investment was included in “Control or Affiliate” categories, respectively.
[24] Represents the total amount of interest, fees or dividends credited to income for the portion of the period an investment was included in “Control or Affiliate” categories, respectively.
[25] Equity holdings are held in a wholly owned (100%) “blocker corporation” subsidiary of Rand Capital Corporation for federal income tax and Regulated Investment Company (RIC) compliance purposes.
[26] These debt investments are on non-accrual status as of September 30, 2026.
[27] Reduction in cost and fair value from previously reported balances reflects current principal repayment.
[28] Control Investments are defined by the 1940 Act as investments in companies in which more than 25% of the voting securities are owned by the Corporation or where greater than 50% of the board representation is maintained.
[29] Control Investments are defined by the 1940 Act as investments in companies in which more than 25% of the voting securities are owned by the Corporation or where greater than 50% of the board representation is maintained.
[30] The Date Acquired column indicates the date on which Rand Capital Corporation (referred to herein, collectively with its subsidiaries, as “Rand,” “we,” “us,” “our” and the “Corporation”) first acquired an investment.
[31] Each equity percentage estimates the Corporation’s equity ownership interest in the applicable portfolio investment. The estimated ownership is calculated based on the percent of outstanding voting securities held by the Corporation or the potential percentage of voting securities held by the Corporation upon exercise of warrants or conversion of debentures, or other available data. If applicable, the symbol “<1%” indicates that the Corporation holds an equity interest of less than one percent.
[32] At September 30, 2026, restricted securities represented 100% of the fair value of the investment portfolio. Restricted securities are subject to one or more restrictions on resale and are not freely marketable. Type of investment for equity position is in the form of shares unless otherwise noted as units or interests, i.e., preferred shares or common shares.
[33] The Date Acquired column indicates the date on which the Corporation first acquired an investment.
[34] Each equity percentage estimates the Corporation’s ownership interest in the applicable portfolio investment. The estimated ownership is calculated based on the percent of outstanding voting securities held by the Corporation or the potential percentage of voting securities held by the Corporation upon exercise of warrants or conversion of debentures, or other available data. If applicable, the symbol “<1%” indicates that the Corporation holds an equity interest of less than one percent.
[35] The Corporation’s investment in Class A Units is in Caitec Holdings, LLC, which is the parent holding company of Caitec, Inc.
[36] The Corporation’s debt investment includes a contingent make-whole fee equal to the greater of (i) 5.0% of enterprise value less aggregate debt of Feature Healthcare, LLC and its subsidiaries, or (ii) $500,000, payable upon the occurrence of certain specified events.
[37] Represents interest due (amounts over $100,000) from investments included as interest receivable on the Corporation’s Consolidated Statements of Financial Position.