Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS

v3.24.0.1
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
 12 Months Ended
Dec. 31, 2023
USD ($)
Units
$ / shares
shares
Dec. 31, 2022
USD ($)
Units
$ / shares
shares
Dec. 31, 2021
USD ($)
$ / shares
Schedule of Investments [Line Items]      
Cost $ 68,365,606 $ 55,716,237  
Fair Value $ 77,125,712 $ 61,504,259  
Value of shares owned per share | $ / shares [1] $ 12.99 $ 13.32 $ 16.99
Investment, Identifier [Axis]: ACV Auctions, Inc, - 194,934 shares      
Schedule of Investments [Line Items]      
Date Acquired [2],[3],[4],[5] Aug. 12, 2016    
Equity [2],[3],[5],[6] 1.00%    
Cost [2],[3],[5] $ 53,094    
Fair Value [2],[3],[5],[7],[8] $ 2,953,250    
Percent of Net Assets [2],[3],[5] 4.90%    
Number of Shares Owned | shares [2],[3],[5],[9] 194,934    
Value of shares owned per share | $ / shares [2],[3],[5],[9] $ 15.15    
Investment, Identifier [Axis]: ACV Auctions, Inc, - 319,934 shares      
Schedule of Investments [Line Items]      
Date Acquired [10],[11],[12],[13]   Aug. 12, 2016  
Equity [10],[11],[13],[14]   1.00%  
Cost [10],[11],[13]   $ 87,219  
Fair Value [10],[11],[13],[15],[16]   $ 2,517,881  
Percent of Net Assets [10],[11],[13]   4.40%  
Number of Shares Owned | shares [10],[11],[13],[17]   319,934  
Value of shares owned per share | $ / shares [10],[11],[13],[17]   $ 7.87  
Investment, Identifier [Axis]: Affiliate Investments      
Schedule of Investments [Line Items]      
Fair Value $ 53,499,372 $ 38,241,589 $ 30,279,873
Net Change in Unrealized Appreciation (Depreciation) (259,031) 4,692,512  
Gross Additions 20,605,795 [18] 7,592,100 [19]  
Gross Reductions (5,088,981) [20] (4,322,896) [21]  
Net Realized Gains (Losses) 2,574,829 167,159  
Amount of Interest/Dividend/Fee Income $ 4,642,833 [22] $ 3,434,155 [23]  
Investment, Identifier [Axis]: Affiliate Investments – Net assets      
Schedule of Investments [Line Items]      
Percent of Net Assets 88.00% [2],[24] 66.30% [10],[25]  
Investment, Identifier [Axis]: Applied Image, Inc.      
Schedule of Investments [Line Items]      
Cost $ 1,750,000 [2],[24],[26] $ 1,750,000 [10],[25],[27]  
Fair Value 1,750,000 [2],[7],[8],[24],[26] 1,750,000 [10],[15],[16],[25],[27] 1,750,000
Amount of Interest/Dividend/Fee Income $ 183,536 [22] $ 184,022 [23]  
Investment, Identifier [Axis]: Applied Image, Inc. - $1,750,000 Term Note      
Schedule of Investments [Line Items]      
Date Acquired Dec. 31, 2021 [2],[4],[24],[26] Dec. 31, 2021 [10],[12],[25],[27]  
Equity 12.00% [2],[6],[24],[26] 12.00% [10],[14],[25],[27]  
Cost $ 1,750,000 [2],[24],[26] $ 1,750,000 [10],[25],[27]  
Fair Value $ 1,750,000 [2],[7],[8],[24],[26] $ 1,750,000 [10],[15],[16],[25],[27]  
Percent of Net Assets 2.90% [2],[24],[26] 3.00% [10],[25],[27]  
Principle Amount [10],[17],[25],[27]   $ 1,750,000  
Interest Rate 10.00% [2],[9],[24],[26] 10.00% [10],[17],[25],[27]  
Due Date Feb. 01, 2029 [2],[9],[24],[26] Feb. 01, 2029 [10],[17],[25],[27]  
Investment owned face amount [2],[9],[24],[26] $ 1,750,000    
Investment, Identifier [Axis]: Applied Image, Inc. - $1,750,000 Term Note at 10%      
Schedule of Investments [Line Items]      
Fair Value $ 1,750,000 $ 1,750,000 1,750,000
Interest Rate 10.00% 10.00%  
Due Date Feb. 01, 2029 Feb. 01, 2029  
Investment owned face amount $ 1,750,000 $ 1,750,000  
Amount of Interest/Dividend/Fee Income $ 183,536 [22] $ 184,022 [23]  
Investment, Identifier [Axis]: Applied Image, Inc. - Warrant for 1,167 shares      
Schedule of Investments [Line Items]      
Date Acquired Dec. 31, 2021 [2],[4],[24],[26] Dec. 31, 2021 [10],[12],[25],[27]  
Number of Shares Owned | shares 1,167 1,167 [10],[17],[25],[27]  
Number of Warrants Owned | Units [2],[9],[24],[26] 1,167    
Investment, Identifier [Axis]: Ares Capital Corporation - 21,000 shares      
Schedule of Investments [Line Items]      
Date Acquired Mar. 16, 2020 [2],[3],[4],[28] Mar. 16, 2020 [10],[11],[12]  
Equity 1.00% [2],[3],[6],[28] 1.00% [10],[11],[14]  
Cost $ 267,140 [2],[3],[28] $ 267,140 [10],[11]  
Fair Value $ 420,630 [2],[3],[5],[7],[8],[28] $ 389,130 [10],[11],[15],[16]  
Percent of Net Assets 0.70% [2],[3],[28] 0.70% [10],[11]  
Number of Shares Owned | shares 21,000 [2],[3],[9],[28] 21,000 [10],[11],[17]  
Value of shares owned per share | $ / shares $ 20.03 [2],[3],[9],[28] $ 18.53 [10],[11],[17]  
Investment, Identifier [Axis]: BMP Food Service Supply      
Schedule of Investments [Line Items]      
Cost [2],[24],[26],[29],[30],[31] $ 6,784,953    
Fair Value [2],[7],[8],[24],[26],[29],[30],[31] 7,394,953    
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC      
Schedule of Investments [Line Items]      
Cost [10],[25],[27],[32]   $ 3,100,000  
Fair Value 7,394,953 3,100,000 [10],[15],[16],[25],[27],[32]  
Net Change in Unrealized Appreciation (Depreciation) 610,000    
Gross Additions 4,535,000 [18] 3,100,000 [19]  
Gross Reductions [20] (850,047)    
Amount of Interest/Dividend/Fee Income $ 643,615 [22] 33,533 [23]  
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC $2,215,000 at 13% Second Amended and Restated Term Note      
Schedule of Investments [Line Items]      
Interest Rate 13.00%    
Investment owned face amount $ 2,215,000    
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC $4,820,000 at 12% Second Amended and Restated Term Note      
Schedule of Investments [Line Items]      
Interest Rate 12.00%    
Investment owned face amount $ 4,820,000    
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC $7,035,000 Second Amended and Restated Term Note, $4,820,000 at 12%, $2,215,000 at 13%      
Schedule of Investments [Line Items]      
Fair Value $ 6,394,953 $ 2,500,000  
Reference Rate and Spread (+), PIK 3.00%    
Due Date Nov. 22, 2027    
Investment owned face amount $ 7,035,000    
Gross Additions [18] 4,535,000    
Gross Reductions [20] (640,047)    
Amount of Interest/Dividend/Fee Income [22] $ 643,615    
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $2,500,000 Term Note      
Schedule of Investments [Line Items]      
Date Acquired [10],[12],[25],[27],[32]   Nov. 22, 2022  
Equity [10],[14],[25],[27],[32]   24.00%  
Cost [10],[25],[27],[32]   $ 2,500,000  
Fair Value [10],[15],[16],[25],[27],[32]   $ 2,500,000  
Percent of Net Assets [10],[25],[27],[32]   5.40%  
Principle Amount [10],[17],[25],[27],[32]   $ 2,500,000  
Interest Rate [10],[17],[25],[27],[32]   12.00%  
Due Date [10],[17],[25],[27],[32]   Nov. 22, 2027  
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $2,500,000 Term Note at 12%      
Schedule of Investments [Line Items]      
Fair Value   $ 2,500,000  
Interest Rate   12.00%  
Due Date   Nov. 22, 2027  
Investment owned face amount   $ 2,500,000  
Gross Additions [19]   2,500,000  
Amount of Interest/Dividend/Fee Income [23]   33,533  
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - 15.4% Preferred Interest      
Schedule of Investments [Line Items]      
Date Acquired [2],[4],[24],[26],[29],[30],[31] Nov. 22, 2022    
Cost [2],[24],[26],[29],[30],[31] $ 390,000    
Fair Value [2],[7],[8],[24],[26],[29],[30],[31] $ 1,000,000    
Membership Interest [2],[9],[24],[26],[29],[30],[31] 15.40%    
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - 24.83% Preferred Interest      
Schedule of Investments [Line Items]      
Cost [10],[25],[32]   600,000  
Fair Value [10],[25],[32]   $ 600,000  
Membership Interest [10],[17],[25],[27],[32]   24.83%  
Gross Additions [19]   $ 600,000  
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - 7,035,000 Second Amended and Restated Term Note      
Schedule of Investments [Line Items]      
Investment owned face amount [2],[9],[24],[26],[29],[30],[31] $ 7,035,000    
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - 7,035,000 Second Amended and Restated Term Note, $2,215,000      
Schedule of Investments [Line Items]      
Principle Amount [2],[9],[24],[26],[29],[30],[31] $ 2,215,000    
Interest Rate [2],[9],[24],[26],[29],[30],[31] 13.00%    
Reference Rate and Spread (+), PIK [2],[9],[24],[26],[29],[30],[31] 3.00%    
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - 7,035,000 Second Amended and Restated Term Note, $4,820,000      
Schedule of Investments [Line Items]      
Date Acquired [2],[4],[24],[26],[29],[30],[31] Nov. 22, 2022    
Equity [2],[6],[24],[26],[29],[30],[31] 15.00%    
Cost [2],[24],[26],[29],[30],[31] $ 6,394,953    
Fair Value [2],[7],[8],[24],[26],[29],[30],[31] $ 6,394,953    
Percent of Net Assets [2],[24],[26],[29],[30],[31] 12.20%    
Interest Rate [2],[9],[24],[26],[29],[30],[31] 12.00%    
Due Date [2],[9],[24],[26],[29],[30],[31] Nov. 22, 2027    
Investment owned face amount [2],[9],[24],[26],[29],[30],[31] $ 4,820,000    
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC 15.4% Preferred Interest      
Schedule of Investments [Line Items]      
Fair Value $ 1,000,000 600,000  
Membership Interest 15.40%    
Net Change in Unrealized Appreciation (Depreciation) $ 610,000    
Gross Reductions [20] (210,000)    
Investment, Identifier [Axis]: BMP Swanson      
Schedule of Investments [Line Items]      
Cost [2],[24],[26],[29],[30] 1,933,448    
Fair Value [2],[7],[8],[24],[26],[29],[30] 2,200,115    
Investment, Identifier [Axis]: BMP Swanson Holdco, LLC      
Schedule of Investments [Line Items]      
Cost [10],[25],[27],[32]   1,833,333  
Fair Value 2,200,115 1,833,333 [10],[15],[16],[25],[27],[32] 1,833,333
Net Change in Unrealized Appreciation (Depreciation) 266,667    
Gross Additions [18] 100,115    
Amount of Interest/Dividend/Fee Income 206,918 [22] 201,334 [23]  
Investment, Identifier [Axis]: BMP Swanson Holdco, LLC $1,600,000 Term Note at 12%      
Schedule of Investments [Line Items]      
Fair Value $ 1,700,115 $ 1,600,000  
Interest Rate 12.00%    
Due Date Sep. 04, 2026    
Investment owned face amount $ 1,600,000    
Gross Additions [18] 100,115    
Amount of Interest/Dividend/Fee Income [22] $ 206,918    
Investment, Identifier [Axis]: BMP Swanson Holdco, LLC - $1,600,000 Term Note      
Schedule of Investments [Line Items]      
Date Acquired Mar. 04, 2021 [2],[3],[4],[24],[26],[29],[30] Mar. 04, 2021 [10],[12],[25],[27],[32]  
Equity 9.00% [2],[3],[6],[24],[26],[29],[30] 9.00% [10],[14],[25],[27],[32]  
Cost $ 1,700,115 [2],[3],[24],[26],[29],[30] $ 1,600,000 [10],[25],[27],[32]  
Fair Value $ 1,700,115 [2],[3],[7],[8],[24],[26],[29],[30] $ 1,600,000 [10],[15],[16],[25],[27],[32]  
Percent of Net Assets 3.60% [2],[3],[24],[26],[29],[30] 3.20% [10],[25],[27],[32]  
Principle Amount [10],[17],[25],[27],[32]   $ 1,600,000  
Interest Rate 12.00% [2],[9],[24],[26],[29],[30] 12.00% [10],[17],[25],[27],[32]  
Due Date Sep. 04, 2026 [2],[9],[24],[26],[29],[30] Sep. 04, 2026 [10],[17],[25],[27],[32]  
Investment owned face amount [2],[9],[24],[26],[29],[30] $ 1,600,000    
Investment, Identifier [Axis]: BMP Swanson Holdco, LLC - $1,600,000 Term Note at 12%      
Schedule of Investments [Line Items]      
Fair Value   $ 1,600,000 1,600,000
Interest Rate   12.00%  
Due Date   Sep. 04, 2026  
Investment owned face amount   $ 1,600,000  
Amount of Interest/Dividend/Fee Income [23]   $ 201,334  
Investment, Identifier [Axis]: BMP Swanson Holdco, LLC - Preferred Membership Interest for 9.29%      
Schedule of Investments [Line Items]      
Date Acquired Mar. 04, 2021 [2],[4],[24],[26],[29],[30] Mar. 04, 2021 [10],[12],[25],[27],[32]  
Cost $ 233,333 [2],[24],[26],[29],[30] $ 233,333 [10],[25],[27],[32]  
Fair Value $ 500,000 [2],[7],[8],[24],[26],[29],[30] $ 233,333 [10],[15],[16],[25],[27],[32] 233,333
Membership Interest 9.29% [2],[9],[24],[26],[29],[30] 9.29% [10],[17],[25],[27],[32]  
Investment, Identifier [Axis]: BMP Swanson Holdco, LLC Preferred Membership Interest for 9.29%      
Schedule of Investments [Line Items]      
Fair Value $ 500,000 $ 233,333  
Membership Interest 9.29%    
Net Change in Unrealized Appreciation (Depreciation) $ 266,667    
Investment, Identifier [Axis]: Barings BDC, Inc. - 40,000 shares      
Schedule of Investments [Line Items]      
Date Acquired Aug. 13, 2020 [2],[3],[4],[28] Aug. 13, 2020 [10],[11],[12],[33]  
Equity 1.00% [2],[3],[6],[28] 1.00% [10],[11],[14],[33]  
Cost $ 333,352 [2],[3],[28] $ 333,352 [10],[11],[33]  
Fair Value $ 343,200 [2],[3],[5],[7],[8],[28] $ 326,400 [10],[11],[15],[16],[33]  
Percent of Net Assets 0.60% [2],[3],[28] 0.60% [10],[11],[33]  
Number of Shares Owned | shares 40,000 [2],[3],[9],[28] 40,000 [10],[11],[17],[33]  
Value of shares owned per share | $ / shares $ 8.58 [2],[3],[9],[28] $ 8.16 [10],[11],[17],[33]  
Investment, Identifier [Axis]: Caitec, Inc.      
Schedule of Investments [Line Items]      
Cost $ 4,257,010 [2],[3],[5],[26],[34] $ 3,955,882 [10],[11],[27],[35]  
Fair Value $ 3,957,010 [2],[3],[5],[7],[8] $ 3,955,882 [10],[11],[15],[16],[27],[35]  
Investment, Identifier [Axis]: Caitec, Inc. - $1,750,000 Subordinated Secured Promissory Note      
Schedule of Investments [Line Items]      
Date Acquired Nov. 06, 2020 [2],[3],[4],[5],[26],[30] Nov. 06, 2020 [10],[11],[12],[27],[35]  
Equity 4.00% [2],[3],[5],[6],[26],[30] 4.00% [10],[11],[14],[27],[35]  
Cost $ 1,942,244 [2],[3],[5],[26],[30] $ 1,827,941 [10],[11],[27],[35]  
Fair Value $ 1,942,244 [2],[3],[5],[7],[8],[26],[30] $ 1,827,941 [10],[11],[15],[16],[27],[35]  
Percent of Net Assets 6.50% [2],[3],[5],[26],[30] 6.90% [10],[11],[27],[35]  
Principle Amount $ 1,750,000 [2],[3],[5],[9],[26],[30] $ 1,750,000 [10],[11],[17],[27],[35]  
Interest Rate [10],[11],[17],[27],[35]   12.00%  
Reference Rate and Spread (+), PIK [10],[11],[17],[27],[35]   2.00%  
Investment modified PIK [2],[3],[5],[9],[26],[30] 14.00%    
Due Date Dec. 31, 2024 [2],[3],[5],[9],[26],[30] Jun. 01, 2026 [10],[11],[17],[27],[35]  
Investment, Identifier [Axis]: Caitec, Inc. - $1,750,000 Subordinated Secured Promissory Note One      
Schedule of Investments [Line Items]      
Date Acquired [2],[3],[4],[5],[26],[30] Nov. 06, 2020    
Cost [2],[3],[5],[26],[30] $ 1,942,244    
Fair Value [2],[3],[5],[7],[8],[26],[30] 1,942,244    
Principle Amount [2],[3],[5],[9],[26],[30] $ 1,750,000    
Investment modified PIK [2],[3],[5],[9],[26],[30] 14.00%    
Due Date [2],[3],[5],[9],[26],[30] Dec. 31, 2024    
Investment, Identifier [Axis]: Caitec, Inc. - $1,750,000 Subordinated Secured Promissory Note One to 12%      
Schedule of Investments [Line Items]      
Interest Rate [2],[3],[5],[9],[26],[30] 12.00%    
Reference Rate and Spread (+), PIK [2],[3],[5],[9],[26],[30] 2.00%    
Due Date [2],[3],[5],[9],[26],[30] Jun. 01, 2026    
Investment, Identifier [Axis]: Caitec, Inc. - $1,750,000 Subordinated Secured Promissory Note to 12%      
Schedule of Investments [Line Items]      
Interest Rate [2],[3],[5],[9],[26],[30] 12.00%    
Reference Rate and Spread (+), PIK [2],[3],[5],[9],[26],[30] 2.00%    
Due Date [2],[3],[5],[9],[26],[30] Jun. 01, 2026    
Investment, Identifier [Axis]: Caitec, Inc. - 150 Class A Units      
Schedule of Investments [Line Items]      
Date Acquired Nov. 06, 2020 [2],[3],[4],[5],[26],[30] Nov. 06, 2020 [10],[11],[12],[27],[35]  
Cost $ 150,000 [2],[3],[5],[26],[30] $ 150,000 [10],[11],[27],[35]  
Fair Value [10],[11],[15],[16],[27],[35]   $ 150,000  
Number of Shares Owned | shares 150 [2],[3],[5],[9],[26],[30] 150 [10],[11],[12],[17],[27],[35]  
Number of Units Owned | Units [10],[11],[17],[27],[35]   150  
Investment, Identifier [Axis]: Caitec, Inc. - 150 Class A Units One      
Schedule of Investments [Line Items]      
Date Acquired [2],[3],[4],[5],[26],[30] Nov. 06, 2020    
Cost [2],[3],[5],[26],[30] $ 150,000    
Number of Shares Owned | shares [2],[3],[5],[9],[26],[30] 150    
Investment, Identifier [Axis]: Caitec, Inc. - 36,261 Series A Preferred      
Schedule of Investments [Line Items]      
Date Acquired [2],[3],[4],[5],[26],[30] Dec. 28, 2023    
Cost [2],[3],[5],[26],[30] $ 36,261    
Fair Value [2],[3],[5],[7],[8],[26],[30] $ 36,261    
Number of Shares Owned | shares [2],[3],[5],[9],[26],[30] 36,261    
Investment, Identifier [Axis]: Caitec, Inc. - 36,261 Series A Preferred One      
Schedule of Investments [Line Items]      
Number of Shares Owned | shares [2],[3],[5],[9],[26],[30] 36,261    
Investment, Identifier [Axis]: Caitec, Inc. - 36,261 Series A Preferred.      
Schedule of Investments [Line Items]      
Date Acquired [2],[3],[4],[5],[26],[30] Dec. 28, 2023    
Cost [2],[3],[5],[26],[30] $ 36,261    
Fair Value [2],[3],[5],[7],[8],[26],[30] $ 36,261    
Investment, Identifier [Axis]: Carlyle Secured Lending Inc. - 86,000 shares      
Schedule of Investments [Line Items]      
Date Acquired Aug. 13, 2020 [2],[3],[4],[28] Aug. 13, 2020 [10],[11],[12],[33]  
Equity 1.00% [2],[3],[6],[28] 1.00% [10],[11],[14],[33]  
Cost $ 899,749 [2],[3],[28] $ 899,749 [10],[11],[33]  
Fair Value $ 1,286,560 [2],[3],[5],[7],[8],[28] $ 1,229,227 [10],[11],[15],[16],[33]  
Percent of Net Assets 2.10% [2],[3],[28] 2.10% [10],[11],[33]  
Number of Shares Owned | shares 86,000 [2],[3],[9],[28] 86,000 [10],[11],[17],[33]  
Value of shares owned per share | $ / shares $ 14.96 [2],[3],[9],[28] $ 14.29 [10],[11],[17],[33]  
Investment, Identifier [Axis]: Carolina Skiff LLC - 6.0825% Class A Common      
Schedule of Investments [Line Items]      
Date Acquired Jan. 30, 2004 [2],[4],[5],[24],[26],[29] Jan. 30, 2004 [10],[12],[25],[27],[32]  
Equity 7.00% [2],[5],[6],[24],[26],[29] 7.00% [10],[14],[25],[27],[32]  
Cost $ 15,000 [2],[5],[24],[26],[29] $ 15,000 [10],[25],[27],[32]  
Fair Value $ 1,708,000 [2],[5],[7],[8],[24],[26],[29] $ 1,957,000 [10],[15],[16],[25],[27],[32]  
Percent of Net Assets 2.80% [2],[5],[24],[26],[29] 3.40% [10],[25],[27],[32]  
Membership Interest 6.0825% [2],[5],[9],[24],[26],[29] 6.0825% [10],[17],[25],[27],[32]  
Investment, Identifier [Axis]: Carolina Skiff LLC - 6.0825% Class A Common Membership Interest      
Schedule of Investments [Line Items]      
Fair Value $ 1,708,000 $ 1,957,000 1,300,000
Membership Interest 6.0825% 6.0825%  
Net Change in Unrealized Appreciation (Depreciation) $ (249,000) $ 657,000  
Amount of Interest/Dividend/Fee Income 372,173 [22] 653,437 [23]  
Investment, Identifier [Axis]: Control Investments      
Schedule of Investments [Line Items]      
Fair Value 4,148,960 3,536,207  
Net Change in Unrealized Appreciation (Depreciation)   (748,810)  
Gross Additions 612,753 [18] 4,285,017 [19]  
Amount of Interest/Dividend/Fee Income $ 716,114 [22] $ 286,855 [23]  
Investment, Identifier [Axis]: Control Investments - 6.1% of net assets      
Schedule of Investments [Line Items]      
Percent of Net Assets [36]   6.10%  
Investment, Identifier [Axis]: Control Investments - 6.8% of net assets      
Schedule of Investments [Line Items]      
Percent of Net Assets [2],[37] 6.80%    
Investment, Identifier [Axis]: Control and Affiliate Investments      
Schedule of Investments [Line Items]      
Fair Value $ 57,648,332 $ 41,777,796 30,279,873
Net Change in Unrealized Appreciation (Depreciation) (259,031) 3,943,702  
Gross Additions 21,218,548 [18] 11,877,117 [19]  
Gross Reductions (5,088,981) [20] (4,322,896) [21]  
Net Realized Gains (Losses) 2,574,829 167,159  
Amount of Interest/Dividend/Fee Income 5,358,947 [22] 3,721,010 [23]  
Investment, Identifier [Axis]: DSD      
Schedule of Investments [Line Items]      
Cost [10],[25],[27],[32],[35]   4,207,282  
Fair Value [10],[15],[16],[25],[27],[32],[35]   5,093,980  
Investment, Identifier [Axis]: DSD Operating, LLC      
Schedule of Investments [Line Items]      
Fair Value   5,093,980 3,826,683
Net Change in Unrealized Appreciation (Depreciation) (886,698) 886,698  
Gross Additions 31,652 [18] 380,599 [19]  
Gross Reductions [20] (4,238,934)    
Net Realized Gains (Losses) 2,459,819    
Amount of Interest/Dividend/Fee Income 386,565 [22] 720,247 [23]  
Investment, Identifier [Axis]: DSD Operating, LLC - $3,063,276 Term Note at 12%      
Schedule of Investments [Line Items]      
Fair Value   3,139,782 2,759,183
Principle Amount $ 3,063,276 $ 3,063,276  
Interest Rate 12.00% 12.00%  
Reference Rate and Spread (+), PIK 2.00% 2.00%  
Due Date Sep. 30, 2026 Sep. 30, 2026  
Gross Additions $ 31,652 [18] $ 380,599 [19]  
Gross Reductions [20] (3,171,434)    
Amount of Interest/Dividend/Fee Income $ 324,000 [22] 720,247 [23]  
Investment, Identifier [Axis]: DSD Operating, LLC - 1,067 Class A Preferred shares      
Schedule of Investments [Line Items]      
Cost [10],[25],[27],[32],[35]   1,067,500  
Fair Value   $ 1,954,198 [10],[15],[16],[25],[27],[32],[35] 1,067,500
Number of Shares Owned | shares [10],[17],[25],[27],[32],[35]   1,067  
Net Change in Unrealized Appreciation (Depreciation)   $ 886,698  
Investment, Identifier [Axis]: DSD Operating, LLC - 1,067 Class B Common shares      
Schedule of Investments [Line Items]      
Number of Shares Owned | shares   1,067  
Investment, Identifier [Axis]: DSD Operating, LLC - 1,067 Class B Common sharesInvestments – 66.3% of net assets DSD Operating, LLC Type of Investment 1,067 Class B Preferred Shares.      
Schedule of Investments [Line Items]      
Number of Shares Owned | shares [10],[17],[25],[27],[32],[35]   1,067  
Investment, Identifier [Axis]: DSD Operating, LLC - 3,063,276 Term Note      
Schedule of Investments [Line Items]      
Date Acquired [10],[12],[25],[27],[32],[35]   Sep. 30, 2021  
Equity [10],[14],[25],[27],[32],[35]   11.00%  
Cost [10],[25],[27],[32],[35]   $ 3,139,782  
Fair Value [10],[15],[16],[25],[27],[32],[35]   $ 3,139,782  
Percent of Net Assets [10],[25],[27],[32],[35]   8.80%  
Principle Amount [10],[17],[25],[27],[32],[35]   $ 3,063,276  
Interest Rate [10],[17],[25],[27],[32],[35]   12.00%  
Reference Rate and Spread (+), PIK [10],[17],[25],[27],[32],[35]   2.00%  
Due Date [10],[17],[25],[27],[32],[35]   Sep. 30, 2026  
Investment, Identifier [Axis]: DSD Operating, LLC 1,067 Class A Preferred shares      
Schedule of Investments [Line Items]      
Fair Value   $ 1,954,198  
Number of Shares Owned | shares 1,067    
Net Change in Unrealized Appreciation (Depreciation) $ (886,698)    
Gross Reductions [20] (1,067,500)    
Net Realized Gains (Losses) 2,459,819    
Amount of Interest/Dividend/Fee Income [22] $ 62,565    
Investment, Identifier [Axis]: DSD Operating, LLC 1,067 Class B Common shares      
Schedule of Investments [Line Items]      
Number of Shares Owned | shares 1,067    
Investment, Identifier [Axis]: FCM Industries Holdco LLC      
Schedule of Investments [Line Items]      
Cost [2],[24],[26],[30] $ 3,818,156    
Fair Value [2],[7],[8],[24],[26],[30] 3,818,156    
Gross Additions [18] 3,818,156    
Amount of Interest/Dividend/Fee Income [22] 223,234    
Investment, Identifier [Axis]: FCM Industries Holdco LLC $3,380,000 Term Note at 13%      
Schedule of Investments [Line Items]      
Fair Value 3,380,000    
Principle Amount $ 3,380,000    
Interest Rate 13.00%    
Due Date Jul. 31, 2028    
Gross Additions [18] $ 3,380,000    
Amount of Interest/Dividend/Fee Income [22] 205,078    
Investment, Identifier [Axis]: FCM Industries Holdco LLC $420,000 Convertible Note at 10%      
Schedule of Investments [Line Items]      
Fair Value 438,156    
Principle Amount $ 420,000    
Reference Rate and Spread (+), PIK 10.00%    
Due Date Jul. 31, 2033    
Gross Additions [18] $ 438,156    
Amount of Interest/Dividend/Fee Income [22] $ 18,156    
Investment, Identifier [Axis]: FCM Industries Holdco LLC - $3,380,000 Term Note at 13%      
Schedule of Investments [Line Items]      
Date Acquired [2],[4],[24],[26],[30] Jul. 31, 2023    
Equity [2],[6],[24],[26],[30] 12.00%    
Cost [2],[24],[26],[30] $ 3,380,000    
Fair Value [2],[7],[8],[24],[26],[30] $ 3,380,000    
Percent of Net Assets [2],[24],[26],[30] 6.30%    
Interest Rate [2],[9],[24],[26],[30] 13.00%    
Due Date [2],[9],[24],[26],[30] Jul. 31, 2028    
Investment owned face amount [2],[9],[24],[26],[30] $ 3,380,000    
Investment, Identifier [Axis]: FCM Industries Holdco LLC - $420,000 Convertible Note at 10%      
Schedule of Investments [Line Items]      
Date Acquired [2],[4],[24],[26],[30] Jul. 31, 2023    
Cost [2],[24],[26],[30] $ 438,156    
Fair Value [2],[7],[8],[24],[26],[30] 438,156    
Principle Amount [2],[9],[24],[26],[30] $ 420,000    
Reference Rate and Spread (+), PIK [2],[9],[24],[26],[30] 10.00%    
Due Date [2],[9],[24],[26],[30] Jul. 31, 2033    
Investment, Identifier [Axis]: FS KKR Capital Corp. - 48,000 shares      
Schedule of Investments [Line Items]      
Date Acquired Mar. 16, 2020 [2],[3],[4],[28] Mar. 16, 2020 [10],[11],[12],[33]  
Equity 1.00% [2],[3],[6],[28] 1.00% [10],[11],[14],[33]  
Cost $ 755,058 [2],[3],[28] $ 755,058 [10],[11],[33]  
Fair Value $ 958,560 [2],[3],[5],[7],[8],[28] $ 835,360 [10],[11],[15],[16],[33]  
Percent of Net Assets 1.60% [2],[3],[28] 1.40% [10],[11],[33]  
Number of Shares Owned | shares 48,000 [2],[3],[9],[28] 48,000 [10],[11],[17],[33]  
Value of shares owned per share | $ / shares $ 19.97 [2],[3],[9],[28] $ 17.4 [10],[11],[17],[33]  
Investment, Identifier [Axis]: Filterworks      
Schedule of Investments [Line Items]      
Cost [10],[25],[27],[32],[35]   $ 3,398,580  
Fair Value   3,029,331 [10],[15],[16],[25],[27],[32],[35] 2,703,611
Gross Additions [19]   325,720  
Amount of Interest/Dividend/Fee Income [23]   358,545  
Investment, Identifier [Axis]: Filterworks Acquisition USA, LLC      
Schedule of Investments [Line Items]      
Fair Value $ 3,277,172 3,029,331  
Gross Additions [18] 247,841    
Amount of Interest/Dividend/Fee Income [22] 388,915    
Investment, Identifier [Axis]: Filterworks Acquisition USA, LLC $2,283,702 Term Note at 12%      
Schedule of Investments [Line Items]      
Fair Value 2,880,946 2,633,105  
Principle Amount $ 2,283,702    
Interest Rate 12.00%    
Reference Rate and Spread (+), PIK 2.00%    
Due Date Aug. 30, 2024    
Gross Additions [18] $ 247,841    
Amount of Interest/Dividend/Fee Income [22] 388,915    
Investment, Identifier [Axis]: Filterworks Acquisition USA, LLC 417.7 shares Class A-0 Units      
Schedule of Investments [Line Items]      
Fair Value $ 139,232 139,232  
Number of Shares Owned | shares 417.7    
Investment, Identifier [Axis]: Filterworks Acquisition USA, LLC 626.2 shares Class A-1 Units.      
Schedule of Investments [Line Items]      
Fair Value $ 256,994 $ 256,994  
Number of Shares Owned | shares 626.2    
Investment, Identifier [Axis]: Filterworks Acquisition USA, LLC DBA Autotality - $2,283,702 Term Note      
Schedule of Investments [Line Items]      
Date Acquired [10],[12],[25],[27],[32],[35]   Nov. 18, 2019  
Equity [10],[14],[25],[27],[32],[35]   8.00%  
Cost [10],[25],[27],[32],[35]   $ 2,633,105  
Fair Value   $ 2,633,105 [10],[15],[16],[25],[27],[32],[35] 2,446,617
Percent of Net Assets [10],[25],[27],[32],[35]   5.30%  
Principle Amount [10],[17],[25],[27],[32],[35]   $ 2,283,702  
Interest Rate [10],[17],[25],[27],[32],[35]   12.00%  
Reference Rate and Spread (+), PIK [10],[17],[25],[27],[32],[35]   2.00%  
Investment interest payable rate [10],[17],[25],[27],[32],[35]   6.00%  
Investment modified PIK [10],[17],[25],[27],[32],[35]   8.00%  
Due Date [10],[17],[25],[27],[32],[35]   Dec. 04, 2023  
Gross Additions [19]   $ 186,488  
Amount of Interest/Dividend/Fee Income [23]   $ 358,545  
Investment, Identifier [Axis]: Filterworks Acquisition USA, LLC DBA Autotality - 626.2 shares Class A-1 Units      
Schedule of Investments [Line Items]      
Date Acquired [10],[12],[25],[27],[32],[35]   Jun. 03, 2022  
Cost [10],[25],[27],[32],[35]   $ 626,243  
Fair Value   $ 256,994 [10],[15],[16],[25],[27],[32],[35] 256,994
Number of Shares Owned | shares [10],[17],[25],[27],[32],[35]   626.2  
Investment, Identifier [Axis]: Filterworks Acquisition USA, LLC DBA Autotality -417.7 shares Class A-0 Units      
Schedule of Investments [Line Items]      
Date Acquired [10],[12],[25],[27],[32],[35]   Sep. 30, 2022  
Cost [10],[25],[27],[32],[35]   $ 139,232  
Fair Value [10],[15],[16],[25],[27],[32],[35]   $ 139,232  
Number of Shares Owned | shares [10],[17],[25],[27],[32],[35]   417.7  
Gross Additions [19]   $ 139,232  
Investment, Identifier [Axis]: Filterworks Acquisition USA, LLC d/b/a Autotality      
Schedule of Investments [Line Items]      
Cost [2],[24],[26],[29],[30] $ 3,646,421    
Fair Value [2],[7],[8],[24],[26],[29],[30] $ 3,277,172    
Investment, Identifier [Axis]: Filterworks Acquisition USA, LLC d/b/a Autotality - $2,283,702 Term Note      
Schedule of Investments [Line Items]      
Date Acquired [2],[4],[24],[26],[29],[30] Nov. 18, 2019    
Equity [2],[6],[24],[26],[29],[30] 8.00%    
Cost [2],[24],[26],[29],[30] $ 2,880,946    
Fair Value [2],[7],[8],[24],[26],[29],[30] $ 2,880,946    
Percent of Net Assets [2],[24],[26],[29],[30] 5.40%    
Interest Rate [2],[9],[24],[26],[29],[30] 12.00%    
Reference Rate and Spread (+), PIK [2],[9],[24],[26],[29],[30] 2.00%    
Due Date [2],[9],[24],[26],[29],[30] Aug. 30, 2024    
Investment owned face amount [2],[9],[24],[26],[29],[30] $ 2,283,702    
Investment, Identifier [Axis]: Filterworks Acquisition USA, LLC d/b/a Autotality - 626.2 shares Class A-1 Units      
Schedule of Investments [Line Items]      
Date Acquired [2],[4],[24],[26],[29],[30] Jun. 03, 2022    
Cost [2],[24],[26],[29],[30] $ 626,243    
Fair Value [2],[7],[8],[24],[26],[29],[30] $ 256,994    
Number of Shares Owned | shares [2],[9],[24],[26],[29],[30] 626.2    
Investment, Identifier [Axis]: Filterworks Acquisition USA, LLC d/b/a Autotality -417.7 shares Class A-0 Units      
Schedule of Investments [Line Items]      
Date Acquired [2],[4],[24],[26],[29],[30] Sep. 30, 2022    
Cost [2],[24],[26],[29],[30] $ 139,232    
Fair Value [2],[7],[8],[24],[26],[29],[30] $ 139,232    
Number of Shares Owned | shares [2],[9],[24],[26],[29],[30] 417.7    
Investment, Identifier [Axis]: GoNoodle, Inc.      
Schedule of Investments [Line Items]      
Cost $ 1,426,001 [2],[3],[26],[34] 1,411,831 [10],[11],[27],[35],[38]  
Fair Value $ 1,426,001 [2],[3],[5],[7],[8],[26],[34] $ 1,411,831 [10],[11],[15],[16],[27],[35],[38]  
Investment, Identifier [Axis]: GoNoodle, Inc. - 1,500,000 Secured Note      
Schedule of Investments [Line Items]      
Date Acquired Nov. 01, 2019 [2],[3],[4],[26],[34] Nov. 01, 2019 [10],[11],[12],[27],[35],[38]  
Equity 1.00% [2],[3],[6],[26],[34] 1.00% [10],[11],[14],[27],[35],[38]  
Cost $ 1,425,938 [2],[3],[26],[34] $ 1,411,768 [10],[11],[27],[35],[38]  
Fair Value $ 1,425,938 [2],[3],[5],[7],[8],[26],[34] $ 1,411,768 [10],[11],[15],[16],[27],[35],[38]  
Percent of Net Assets 2.30% [2],[3],[26],[34] 2.40% [10],[11],[27],[35],[38]  
Principle Amount $ 1,500,000 [2],[3],[9],[26],[34] $ 1,500,000 [10],[11],[17],[27],[35],[38]  
Interest Rate 12.00% [2],[3],[9],[26],[34] 12.00% [10],[11],[17],[27],[35],[38]  
Reference Rate and Spread (+), PIK 1.00% [2],[3],[9],[26],[34] 1.00% [10],[11],[17],[27],[35],[38]  
Due Date Sep. 30, 2025 [2],[3],[9],[26],[34] Sep. 30, 2024 [10],[11],[17],[27],[35],[38]  
Investment, Identifier [Axis]: GoNoodle, Inc. - Warrant for 21,948 Series D Preferred      
Schedule of Investments [Line Items]      
Date Acquired Nov. 01, 2019 [2],[3],[4],[26],[34] Nov. 01, 2019 [10],[11],[12],[27],[35],[38]  
Cost $ 38 [2],[3],[26],[34] $ 38 [10],[11],[27],[35],[38]  
Fair Value $ 38 [2],[3],[5],[7],[8],[26],[34] $ 38 [10],[11],[15],[16],[27],[35],[38]  
Number of Warrants Owned | Units 21,948 [2],[3],[9],[26],[34] 21,948 [10],[11],[17],[27],[35],[38]  
Investment, Identifier [Axis]: GoNoodle, Inc. - Warrant for 47,324 Series C Preferred      
Schedule of Investments [Line Items]      
Date Acquired Mar. 01, 2015 [2],[3],[4],[26],[34] Mar. 01, 2015 [10],[11],[12],[27],[35],[38]  
Cost $ 25 [2],[3],[26],[34] $ 25 [10],[11],[27],[35],[38]  
Fair Value $ 25 [2],[3],[5],[7],[8],[26],[34] $ 25 [10],[11],[15],[16],[27],[35],[38]  
Number of Warrants Owned | Units 47,324 [2],[3],[9],[26],[34] 47,324 [10],[11],[17],[27],[35],[38]  
Investment, Identifier [Axis]: HDI Acquisition LLC. - $1,245,119 Term Loan      
Schedule of Investments [Line Items]      
Date Acquired Nov. 08, 2019 [2],[3],[4],[26],[30],[31] Nov. 08, 2019 [10],[11],[12],[27],[35]  
Equity 0.00% [2],[3],[6],[26],[30],[31] 0.00% [10],[11],[14],[27],[35]  
Cost $ 1,050,305 [2],[3],[26],[30],[31] $ 1,327,782 [10],[11],[27],[35]  
Fair Value $ 1,050,305 [2],[3],[5],[7],[8],[26],[30],[31] $ 1,327,782 [10],[11],[15],[16],[27],[35]  
Percent of Net Assets 1.70% [2],[3],[26],[30],[31] 2.30% [10],[11],[27],[35]  
Principle Amount $ 1,245,119 [2],[3],[9],[26],[30],[31] $ 1,245,119 [10],[11],[17],[27],[35]  
Interest Rate 12.00% [2],[3],[9],[26],[30],[31] 12.00% [10],[11],[17],[27],[35]  
Reference Rate and Spread (+), PIK 2.00% [2],[3],[9],[26],[30],[31] 2.00% [10],[11],[17],[27],[35]  
Due Date Jun. 30, 2025 [2],[3],[9],[26],[30],[31] Jun. 20, 2023 [10],[11],[17],[27],[35]  
Investment, Identifier [Axis]: Highland All About People Holdings, Inc.      
Schedule of Investments [Line Items]      
Cost [2],[24],[26],[30] $ 4,049,187    
Fair Value [2],[7],[8],[24],[26],[30] 4,049,187    
Gross Additions [18] 4,049,187    
Amount of Interest/Dividend/Fee Income [22] 201,524    
Investment, Identifier [Axis]: Highland All About People Holdings, Inc. $3,000,000 Term Note at 12%      
Schedule of Investments [Line Items]      
Fair Value 3,049,187    
Principle Amount $ 3,000,000    
Interest Rate 12.00%    
Reference Rate and Spread (+), PIK 4.00%    
Due Date Aug. 07, 2028    
Gross Additions [18] $ 3,049,187    
Amount of Interest/Dividend/Fee Income [22] $ 201,524    
Investment, Identifier [Axis]: Highland All About People Holdings, Inc. - $3,000,000 Term Note at 12%      
Schedule of Investments [Line Items]      
Date Acquired [2],[4],[24],[26],[30] Aug. 07, 2023    
Equity [2],[6],[24],[26],[30] 12.00%    
Cost [2],[24],[26],[30] $ 3,049,187    
Fair Value [2],[7],[8],[24],[26],[30] $ 3,049,187    
Percent of Net Assets [2],[24],[26],[30] 6.70%    
Interest Rate [2],[9],[24],[26],[30] 12.00%    
Reference Rate and Spread (+), PIK [2],[9],[24],[26],[30] 4.00%    
Due Date [2],[9],[24],[26],[30] Aug. 07, 2028    
Investment owned face amount [2],[9],[24],[26],[30] $ 3,000,000    
Investment, Identifier [Axis]: Highland All About People Holdings, Inc. - 1,000,000 Class A Units      
Schedule of Investments [Line Items]      
Cost 1,000,000    
Fair Value $ 1,000,000    
Number of Shares Owned | shares [2],[9],[24],[26],[30] 1,000,000    
Investment, Identifier [Axis]: Highland All About People Holdings, Inc. 1,000,000 Class A Units      
Schedule of Investments [Line Items]      
Fair Value $ 1,000,000    
Number of Shares Owned | shares 1,000,000    
Gross Additions [18] $ 1,000,000    
Investment, Identifier [Axis]: ITA Acquisition, LLC      
Schedule of Investments [Line Items]      
Cost 5,272,770 [2],[26],[29],[34],[37] $ 4,660,017 [27],[32],[35],[36]  
Fair Value 4,148,960 [2],[7],[8],[26],[29],[34],[37] 3,536,207 [15],[16],[27],[32],[35],[36]  
Net Change in Unrealized Appreciation (Depreciation)   (748,810)  
Gross Additions 612,753 [18] 4,285,017 [19]  
Amount of Interest/Dividend/Fee Income 716,114 [22] 286,855 [23]  
Investment, Identifier [Axis]: ITA Acquisition, LLC $1,500,000 Term Note at 12%      
Schedule of Investments [Line Items]      
Fair Value 1,652,252 $ 1,560,091  
Principle Amount $ 1,500,000    
Interest Rate 12.00%    
Reference Rate and Spread (+), PIK 2.00%    
Due Date Jun. 21, 2026    
Gross Additions [18] $ 92,161    
Amount of Interest/Dividend/Fee Income [22] $ 295,615    
Investment, Identifier [Axis]: ITA Acquisition, LLC - $1,500,000 Term Note      
Schedule of Investments [Line Items]      
Date Acquired Jun. 22, 2021 [2],[4],[26],[34],[37] Jun. 22, 2021 [12],[27],[32],[35],[36]  
Cost $ 1,652,252 [2],[26],[29],[34],[37] $ 1,560,091 [27],[32],[35],[36]  
Fair Value $ 1,652,252 [2],[7],[8],[26],[29],[34],[37] 1,560,091 [15],[16],[27],[32],[35],[36] 1,516,152
Principle Amount [17],[27],[32],[35],[36]   $ 1,500,000  
Interest Rate 12.00% [2],[9],[26],[29],[34],[37] 12.00% [17],[27],[32],[35],[36]  
Reference Rate and Spread (+), PIK 2.00% [2],[9],[26],[29],[34],[37] 2.00% [17],[27],[32],[35],[36]  
Due Date Jun. 21, 2026 [2],[9],[26],[29],[34],[37] Jun. 21, 2026 [17],[27],[32],[35],[36]  
Investment owned face amount [2],[9],[26],[29],[34],[37] $ 1,500,000    
Gross Additions [19]   $ 23,151  
Gross Reductions [21]   (1,539,303)  
Amount of Interest/Dividend/Fee Income [23]   110,373  
Investment, Identifier [Axis]: ITA Acquisition, LLC - $1,500,000 Term Note at 12%      
Schedule of Investments [Line Items]      
Fair Value   1,560,091  
Principle Amount   $ 1,500,000  
Interest Rate   12.00%  
Reference Rate and Spread (+), PIK   2.00%  
Gross Additions [19]   $ 1,560,091  
Amount of Interest/Dividend/Fee Income [23]   $ 127,117  
Investment, Identifier [Axis]: ITA Acquisition, LLC - $1,500,000 Term Note at 12% (+5% PIK) through September 30, 2024      
Schedule of Investments [Line Items]      
Interest Rate [2],[9],[26],[29],[34],[37] 12.00%    
Reference Rate and Spread (+), PIK [2],[9],[26],[29],[34],[37] 5.00%    
Investment, Identifier [Axis]: ITA Acquisition, LLC - $1,900,000 Term Note      
Schedule of Investments [Line Items]      
Date Acquired [12],[27],[32],[35],[36]   Jun. 22, 2021  
Equity [14],[27],[32],[35],[36]   37.00%  
Cost [27],[32],[35],[36]   $ 1,976,116  
Fair Value   $ 1,976,116 [15],[16],[27],[32],[35],[36] 1,920,459
Percent of Net Assets [27],[32],[35],[36]   6.10%  
Principle Amount [17],[27],[32],[35],[36]   $ 1,900,000  
Interest Rate [17],[27],[32],[35],[36]   12.00%  
Reference Rate and Spread (+), PIK [17],[27],[32],[35],[36]   2.00%  
Due Date [17],[27],[32],[35],[36]   Jun. 21, 2026  
Gross Additions [19]   $ 29,324  
Gross Reductions [21]   (1,949,783)  
Amount of Interest/Dividend/Fee Income [23]   139,547  
Investment, Identifier [Axis]: ITA Acquisition, LLC - $1,900,000 Term Note at 12%      
Schedule of Investments [Line Items]      
Fair Value   1,976,116  
Principle Amount   $ 1,900,000  
Interest Rate   12.00%  
Reference Rate and Spread (+), PIK   2.00%  
Due Date   Jun. 21, 2026  
Gross Additions [19]   $ 1,976,116  
Amount of Interest/Dividend/Fee Income [23]   159,738  
Investment, Identifier [Axis]: ITA Acquisition, LLC - $2,297,808 Amended and Restated Term Note at 12%      
Schedule of Investments [Line Items]      
Date Acquired [2],[4],[26],[34],[37] Jun. 22, 2021    
Equity [2],[6],[26],[29],[34],[37] 37.00%    
Cost [2],[26],[29],[34],[37] $ 2,496,708    
Fair Value $ 2,496,708 [2],[7],[8],[26],[29],[34],[37] $ 1,976,116  
Percent of Net Assets [26],[29],[34],[37] 6.80%    
Principle Amount $ 2,297,808    
Interest Rate [2],[9],[26],[29],[34],[37] 12.00%    
Reference Rate and Spread (+), PIK [2],[9],[26],[29],[34],[37] 2.00%    
Due Date [2],[9],[26],[29],[34],[37] Jun. 21, 2026    
Investment owned face amount [2],[9],[26],[29],[34],[37] $ 2,297,808    
Gross Additions [18] 520,592    
Amount of Interest/Dividend/Fee Income [22] $ 420,499    
Investment, Identifier [Axis]: ITA Acquisition, LLC - $2,297,808 Amended and Restated Term Note at 12% (+5% PIK) through September 30, 2024      
Schedule of Investments [Line Items]      
Interest Rate [2],[9],[26],[29],[34],[37] 12.00%    
Reference Rate and Spread (+), PIK [2],[9],[26],[29],[34],[37] 5.00%    
Investment, Identifier [Axis]: ITA Acquisition, LLC - 1,124 Class A Preferred Units      
Schedule of Investments [Line Items]      
Number of Shares Owned | shares 1,124 [2],[9],[26],[29],[34],[37] 1,124 [17],[27],[32],[35],[36]  
Net Change in Unrealized Appreciation (Depreciation)   $ (748,810)  
Gross Additions [19]   $ 748,810  
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 [2],[4],[26],[34],[37] Jun. 22, 2021 [12],[27],[32],[35],[36]  
Cost $ 1,123,810 [2],[26],[29],[34],[37] $ 1,123,810 [27],[32],[35],[36]  
Fair Value     125,000
Gross Additions [19]   623,810  
Gross Reductions [21]   $ (748,810)  
Investment, Identifier [Axis]: ITA Acquisition, LLC - 1,924 Class B Common Units      
Schedule of Investments [Line Items]      
Number of Shares Owned | shares 1,924 [2],[9],[26],[29],[34],[37] 1,924 [17],[27],[32],[35],[36]  
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    
Investment, Identifier [Axis]: Inter-National Electronic Alloys LLC      
Schedule of Investments [Line Items]      
Cost [2],[24],[26],[29],[30] $ 4,349,839    
Fair Value [2],[7],[8],[24],[26],[29],[30] 4,349,839    
Gross Additions [18] 4,349,839    
Amount of Interest/Dividend/Fee Income [22] 358,736    
Investment, Identifier [Axis]: Inter-National Electronic Alloys LLC $3,288,235 Term Note at 12%      
Schedule of Investments [Line Items]      
Fair Value 3,338,074    
Principle Amount $ 3,288,235    
Interest Rate 12.00%    
Reference Rate and Spread (+), PIK 2.00%    
Due Date Apr. 04, 2028    
Gross Additions [18] $ 3,338,074    
Amount of Interest/Dividend/Fee Income [22] $ 358,736    
Investment, Identifier [Axis]: Inter-National Electronic Alloys LLC - $3,288,235 Term Note at 12%      
Schedule of Investments [Line Items]      
Date Acquired [2],[4],[24],[26],[29],[30] Apr. 04, 2023    
Equity [2],[6],[24],[26],[29],[30] 6.00%    
Cost [2],[24],[26],[29],[30] $ 3,338,074    
Fair Value [2],[7],[8],[24],[26],[29],[30] $ 3,338,074    
Percent of Net Assets [2],[24],[26],[29],[30] 7.10%    
Interest Rate [2],[9],[24],[26],[29],[30] 12.00%    
Reference Rate and Spread (+), PIK [2],[9],[24],[26],[29],[30] 2.00%    
Due Date [2],[9],[24],[26],[29],[30] Apr. 04, 2028    
Investment owned face amount [2],[9],[24],[26],[29],[30] $ 3,288,235    
Investment, Identifier [Axis]: Inter-National Electronic Alloys LLC - 75.3 Class B Preferred Units      
Schedule of Investments [Line Items]      
Date Acquired [2],[4],[24],[26],[29],[30] Apr. 04, 2023    
Cost [2],[24],[26],[29],[30] $ 1,011,765    
Fair Value [2],[7],[8],[24],[26],[29],[30] $ 1,011,765    
Number of Shares Owned | shares [2],[9],[24],[26],[29],[30] 75.3    
Investment, Identifier [Axis]: Inter-National Electronic Alloys LLC 75.3 Class B Preferred Units      
Schedule of Investments [Line Items]      
Fair Value $ 1,011,765    
Number of Shares Owned | shares 75.3    
Gross Additions [18] $ 1,011,765    
Investment, Identifier [Axis]: Investments - 106.6 %      
Schedule of Investments [Line Items]      
Cost [10],[25]   $ 55,716,237  
Fair Value [15],[16]   $ 61,504,259  
Percent of Net Assets   106.60%  
Investment, Identifier [Axis]: Investments, NET ASSETS - 100%      
Schedule of Investments [Line Items]      
Net Assets $ 60,815,213 [7],[8],[29],[34] $ 57,721,320 [15],[16]  
Percent of Net Assets 100.00% 100.00%  
Investment, Identifier [Axis]: Knoa      
Schedule of Investments [Line Items]      
Cost [10],[13],[25],[27]   $ 1,229,155  
Fair Value [10],[13],[15],[16],[25],[27]   100,000  
Investment, Identifier [Axis]: Knoa Software, Inc.      
Schedule of Investments [Line Items]      
Cost [2],[5],[24],[26] $ 1,229,155    
Fair Value 100,000 [2],[5],[7],[8],[24],[26] 100,000 479,155
Net Change in Unrealized Appreciation (Depreciation)   $ (379,155)  
Amount of Interest/Dividend/Fee Income [22] $ 34,850    
Investment, Identifier [Axis]: Knoa Software, Inc. - 1,876,922 Series B Preferred      
Schedule of Investments [Line Items]      
Date Acquired Jun. 09, 2014 [2],[4],[5],[24],[26] Jun. 09, 2014 [10],[12],[13],[25],[27]  
Cost $ 479,155 [2],[5],[24],[26] $ 479,155 [10],[13],[25],[27]  
Fair Value $ 100,000 [2],[5],[7],[8],[24],[26] $ 100,000 [10],[13],[15],[16],[25],[27] 479,155
Number of Shares Owned | shares 1,876,922 [2],[5],[9],[24],[26] 1,876,922 [10],[13],[17],[25],[27]  
Net Change in Unrealized Appreciation (Depreciation)   $ (379,155)  
Investment, Identifier [Axis]: Knoa Software, Inc. - 973,533 Series A-1 Convertible Preferred      
Schedule of Investments [Line Items]      
Date Acquired Nov. 20, 2012 [2],[4],[5],[24],[26] Nov. 20, 2012 [10],[12],[13],[25],[27]  
Equity 7.00% [2],[5],[6],[24],[26] 7.00% [10],[13],[14],[25],[27]  
Cost $ 750,000 [2],[5],[24],[26] $ 750,000 [10],[13],[25],[27]  
Percent of Net Assets 0.20% [2],[5],[24],[26] 0.20% [10],[13],[25],[27]  
Number of Shares Owned | shares 973,533 [2],[5],[9],[24],[26] 973,533 [10],[13],[17],[25],[27]  
Amount of Interest/Dividend/Fee Income [22] $ 34,850    
Investment, Identifier [Axis]: LIABILITIES IN EXCESS OF OTHER ASSETS - (26.8%)      
Schedule of Investments [Line Items]      
Liabilities in Excess of Other Assets [7],[8],[29],[34] $ (16,310,499)    
Percentage of Liabilities in excess of other assets (26.80%)    
Investment, Identifier [Axis]: LIABILITIES IN EXCESS OF OTHER ASSETS - (6.6%)      
Schedule of Investments [Line Items]      
Liabilities in Excess of Other Assets [15],[16]   $ (3,782,939)  
Percentage of Liabilities in excess of other assets   (6.60%)  
Investment, Identifier [Axis]: Lumious - $850,000 Replacement Term Note      
Schedule of Investments [Line Items]      
Date Acquired Nov. 16, 2018 [2],[3],[4],[26] Nov. 16, 2018 [10],[11],[12],[27],[38]  
Equity 0.00% [2],[3],[6],[26] 0.00% [10],[11],[14],[27],[38]  
Cost $ 789,944 [2],[3],[26] $ 789,944 [10],[11],[27],[38]  
Fair Value $ 789,944 [2],[3],[5],[7],[8],[26] $ 789,944 [10],[11],[15],[16],[27],[38]  
Percent of Net Assets 1.30% [2],[3],[26] 1.40% [10],[11],[27],[38]  
Principle Amount $ 850,000 [2],[3],[9],[26] $ 850,000 [10],[11],[17],[27],[38]  
Interest Rate 14.00% [2],[3],[9],[26] 14.00% [10],[11],[17],[27],[38]  
Due Date Dec. 01, 2024 [2],[3],[9],[26] Nov. 15, 2023 [10],[11],[17],[27],[38]  
Investment, Identifier [Axis]: Mattison Avenue Holdings LLC. - $1,794,944 Third Amended, Restated and Consolidated Promissory Note      
Schedule of Investments [Line Items]      
Date Acquired Jun. 23, 2021 [2],[3],[4],[26],[30] Jun. 23, 2021 [10],[11],[12],[27],[35]  
Equity 0.00% [2],[3],[6],[26],[30] 0.00% [10],[11],[14],[27],[35]  
Cost $ 1,894,470 [2],[3],[26],[30] $ 1,856,536 [10],[11],[27],[35]  
Fair Value $ 1,894,470 [2],[3],[5],[7],[8],[26],[30] $ 1,856,536 [10],[11],[15],[16],[27],[35]  
Percent of Net Assets 3.10% [2],[3],[26],[30] 3.20% [10],[11],[27],[35]  
Principle Amount $ 1,794,944 [2],[3],[9],[26],[30] $ 1,794,944 [10],[11],[17],[27],[35]  
Interest Rate 12.00% [2],[3],[9],[26],[30] 12.00% [10],[11],[17],[27],[35]  
Reference Rate and Spread (+), PIK 2.00% [2],[3],[9],[26],[30] 2.00% [10],[11],[17],[27],[35]  
Due Date Jan. 31, 2024 [2],[3],[9],[26],[30] Dec. 09, 2023 [10],[11],[17],[27],[35]  
Investment, Identifier [Axis]: Mezmeriz, Inc. - 1,554,565 Series Seed Preferred      
Schedule of Investments [Line Items]      
Date Acquired May 14, 2015 [2],[4],[5],[24],[26] May 14, 2015 [10],[12],[13],[25],[27]  
Equity 12.00% [2],[5],[6],[24],[26] 12.00% [10],[13],[14],[25],[27]  
Cost $ 742,850 [2],[5],[24],[26] $ 742,850 [10],[13],[25],[27]  
Percent of Net Assets 0.00% [2],[5],[24],[26] 0.00% [10],[13],[25],[27]  
Number of Shares Owned | shares 1,554,565 [2],[5],[9],[24],[26] 1,554,565 [10],[13],[17],[25],[27]  
Investment, Identifier [Axis]: Microcision - Membership Interest Purchase Warrant for 5%      
Schedule of Investments [Line Items]      
Fair Value     85,000
Gross Reductions [21]   $ (85,000)  
Net Realized Gains (Losses)   $ 190,000  
Investment, Identifier [Axis]: Microcision - Warrant for 4% Membership Interest      
Schedule of Investments [Line Items]      
Membership Interest   5.00%  
Investment, Identifier [Axis]: Microcision LLC - Membership Interest Purchase Warrant for 5%      
Schedule of Investments [Line Items]      
Membership Interest 5.00%    
Net Realized Gains (Losses) $ 115,010    
Investment, Identifier [Axis]: Nailbiter, Inc.      
Schedule of Investments [Line Items]      
Cost 2,250,000 [2],[3],[26] $ 2,250,000 [10],[11],[27]  
Fair Value $ 2,250,000 [2],[3],[7],[8],[26] $ 2,250,000 [10],[11],[15],[16],[27]  
Investment, Identifier [Axis]: Nailbiter, Inc. - $2,250,000 Subordinated Secured Promissory Note      
Schedule of Investments [Line Items]      
Date Acquired Nov. 22, 2021 [2],[3],[4],[26] Nov. 22, 2021 [10],[11],[12],[27]  
Equity 1.00% [2],[3],[6],[26] 1.00% [10],[11],[14],[27]  
Cost $ 2,250,000 [2],[3],[26] $ 2,250,000 [10],[11],[27]  
Fair Value $ 2,250,000 [2],[3],[7],[8],[26] $ 2,250,000 [10],[11],[15],[16],[27]  
Percent of Net Assets 3.70% [2],[3],[26] 3.90% [10],[11],[27]  
Principle Amount [10],[11],[17],[27]   $ 2,250,000  
Interest Rate 9.00% [2],[3],[9],[26] 9.00% [10],[11],[17],[27]  
Due Date Nov. 23, 2024 [2],[3],[9],[26] Nov. 23, 2024 [10],[11],[17],[27]  
Investment owned face amount [2],[3],[9],[26] $ 2,250,000    
Investment, Identifier [Axis]: Nailbiter, Inc. - Interest Receivable $50,092      
Schedule of Investments [Line Items]      
Interest Receivable [2],[3],[9],[26],[34] $ 50,092    
Investment, Identifier [Axis]: Nailbiter, Inc. - Warrants for Preferred Stock      
Schedule of Investments [Line Items]      
Date Acquired [2],[3],[4],[26] Nov. 22, 2021    
Investment, Identifier [Axis]: New Monarch Machine Tool, Inc. - 22.84 Common      
Schedule of Investments [Line Items]      
Number of Shares Owned | shares   22.84  
Net Realized Gains (Losses)   $ (22,841)  
Investment, Identifier [Axis]: Non-Control/Non-Affiliate Investments - Net assets      
Schedule of Investments [Line Items]      
Percent of Net Assets 32.00% [2],[3] 34.20% [10],[11]  
Investment, Identifier [Axis]: OnCore Golf Technology, Inc. - 300,483 Preferred AA      
Schedule of Investments [Line Items]      
Date Acquired Nov. 30, 2018 [2],[3],[4],[5],[26] Nov. 30, 2018 [10],[11],[12],[13],[27]  
Equity 3.00% [2],[3],[5],[6],[26] 3.00% [10],[11],[13],[14],[27]  
Cost $ 752,712 [2],[3],[5],[26] $ 752,712 [10],[11],[13],[27]  
Fair Value $ 100,000 [2],[3],[5],[7],[8],[26] $ 100,000 [10],[11],[13],[15],[16],[27]  
Percent of Net Assets 0.20% [2],[3],[5],[26] 0.20% [10],[11],[13],[27]  
Number of Shares Owned | shares 300,483 [2],[3],[5],[9],[26] 300,483 [10],[11],[13],[17],[27]  
Investment, Identifier [Axis]: Open Exchange      
Schedule of Investments [Line Items]      
Cost $ 1,401,940 [2],[3],[5],[26] $ 1,401,940 [10],[11],[13],[27]  
Fair Value $ 700,000 [2],[3],[5],[7],[8],[26] $ 1,401,940 [10],[11],[13],[15],[16],[27]  
Investment, Identifier [Axis]: Open Exchange, Inc - 397,899 Common      
Schedule of Investments [Line Items]      
Date Acquired Oct. 22, 2019 [2],[3],[4],[5],[26] Oct. 22, 2019 [10],[11],[12],[13],[27]  
Cost $ 208,243 [2],[3],[5],[26] $ 208,243 [10],[11],[13],[27]  
Fair Value [10],[11],[13],[15],[16],[27]   $ 208,243  
Number of Shares Owned | shares 397,899 [2],[3],[5],[9],[26] 397,899 [10],[11],[13],[17],[27]  
Investment, Identifier [Axis]: Open Exchange, Inc - 397,899 Series C Preferred      
Schedule of Investments [Line Items]      
Date Acquired Nov. 13, 2013 [2],[3],[4],[5],[26] Nov. 13, 2013 [10],[11],[12],[13],[27]  
Equity 3.00% [2],[3],[5],[6],[26] 3.00% [10],[11],[13],[14],[27]  
Cost $ 1,193,697 [2],[3],[5],[26] $ 1,193,697 [10],[11],[13],[27]  
Fair Value $ 700,000 [2],[3],[5],[7],[8],[26] $ 1,193,697 [10],[11],[13],[15],[16],[27]  
Percent of Net Assets 1.10% [2],[3],[5],[26] 2.40% [10],[11],[13],[27]  
Number of Shares Owned | shares 397,899 [2],[3],[5],[9],[26] 397,899 [10],[11],[13],[17],[27]  
Investment, Identifier [Axis]: PennantPark Investment Corporation - 195,000 shares      
Schedule of Investments [Line Items]      
Date Acquired Aug. 13, 2020 [2],[3],[4],[26],[28] Aug. 13, 2020 [10],[11],[12],[33]  
Equity 1.00% [2],[3],[6],[26],[28] 1.00% [10],[11],[14],[33]  
Cost $ 892,212 [2],[3],[26],[28] $ 892,212 [10],[11],[33]  
Fair Value $ 1,347,450 [2],[3],[7],[8],[26],[28] $ 1,109,550 [10],[11],[15],[16],[33]  
Percent of Net Assets 2.20% [2],[3],[26],[28] 1.90% [10],[11],[33]  
Number of Shares Owned | shares 195,000 [2],[3],[9],[26],[28] 195,000 [10],[11],[17],[33]  
Value of shares owned per share | $ / shares $ 6.91 [2],[3],[9],[26],[28] $ 5.69 [10],[11],[17],[33]  
Investment, Identifier [Axis]: PostProcess Technologies, Inc. - 360,002 Series A1 Preferred      
Schedule of Investments [Line Items]      
Date Acquired Nov. 01, 2019 [2],[3],[4],[5],[26] Nov. 01, 2019 [10],[11],[12],[13],[27]  
Equity 1.00% [2],[3],[5],[6],[26] 1.00% [10],[11],[13],[14],[27]  
Cost $ 348,875 [2],[3],[5],[26] $ 348,875 [10],[11],[13],[27]  
Fair Value [10],[11],[13],[15],[16],[27]   $ 100,000  
Percent of Net Assets 0.00% [2],[3],[5],[26] 0.20% [10],[11],[13],[27]  
Number of Shares Owned | shares 360,002 [2],[3],[5],[9],[26] 360,002 [10],[11],[13],[17],[27]  
Investment, Identifier [Axis]: Pressure Pro, Inc.      
Schedule of Investments [Line Items]      
Cost [2],[24],[26],[30] $ 3,093,436    
Fair Value [2],[7],[8],[24],[26],[30] 3,093,436    
Gross Additions [18] 3,093,436    
Amount of Interest/Dividend/Fee Income [22] $ 474,582    
Investment, Identifier [Axis]: Pressure Pro, Inc. - $3,000,000 Term Note at 12%      
Schedule of Investments [Line Items]      
Date Acquired [2],[4],[24],[26],[30] Jan. 19, 2023    
Equity [2],[6],[24],[26],[30] 10.00%    
Cost [2],[24],[26],[30] $ 3,063,436    
Fair Value [2],[7],[8],[24],[26],[30] $ 3,063,436    
Percent of Net Assets [2],[24],[26],[30] 5.10%    
Interest Rate [2],[9],[24],[26],[30] 12.00%    
Reference Rate and Spread (+), PIK [2],[9],[24],[26],[30] 3.00%    
Due Date [2],[9],[24],[26],[30] Jan. 19, 2028    
Investment owned face amount [2],[9],[24],[26],[30] $ 3,000,000    
Gross Additions [18] 3,063,436    
Amount of Interest/Dividend/Fee Income [22] $ 474,582    
Investment, Identifier [Axis]: Pressure Pro, Inc. - Warrant for 10% Membership Interest      
Schedule of Investments [Line Items]      
Date Acquired [2],[4],[24],[26],[30] Jan. 19, 2023    
Cost [2],[24],[26],[30] $ 30,000    
Fair Value [2],[7],[8],[24],[26],[30] $ 30,000    
Membership Interest [2],[9],[24],[26],[30] 10.00%    
Gross Additions [18] $ 30,000    
Investment, Identifier [Axis]: Rheonix, Inc.      
Schedule of Investments [Line Items]      
Cost [10],[11],[13],[27]   $ 2,802,731  
Investment, Identifier [Axis]: Rheonix, Inc. - 1,839,422 Series A Preferred      
Schedule of Investments [Line Items]      
Date Acquired [10],[11],[12],[13],[27]   Dec. 12, 2013  
Cost [10],[11],[13],[27]   $ 2,099,999  
Number of Shares Owned | shares [10],[11],[13],[17],[27]   1,839,422  
Investment, Identifier [Axis]: Rheonix, Inc. - 50,593 Common      
Schedule of Investments [Line Items]      
Date Acquired [10],[11],[12],[13],[27]   Oct. 24, 2009  
Number of Shares Owned | shares [10],[11],[13],[17],[27]   50,593  
Investment, Identifier [Axis]: Rheonix, Inc. - 589,420 Series B Preferred      
Schedule of Investments [Line Items]      
Date Acquired [10],[11],[12],[13],[27]   Sep. 29, 2015  
Cost [10],[11],[13],[27]   $ 702,732  
Number of Shares Owned | shares [10],[11],[13],[17],[27]   589,420  
Investment, Identifier [Axis]: Rheonix, Inc. - 9,676 Common      
Schedule of Investments [Line Items]      
Date Acquired [10],[11],[12],[13],[27]   Oct. 29, 2009  
Equity [10],[11],[13],[14],[27]   4.00%  
Percent of Net Assets [10],[11],[13],[27]   0.00%  
Number of Shares Owned | shares [10],[11],[13],[17],[27]   9,676  
Investment, Identifier [Axis]: SciAps      
Schedule of Investments [Line Items]      
Cost [10],[25],[27]   $ 5,208,984  
Fair Value [10],[15],[16],[25],[27]   5,208,984  
Investment, Identifier [Axis]: SciAps, Inc.      
Schedule of Investments [Line Items]      
Cost [2],[24],[26] 5,213,984    
Fair Value 5,213,984 [2],[7],[8],[24],[26] 5,208,984 2,451,000
Net Change in Unrealized Appreciation (Depreciation)   2,152,984  
Gross Additions 5,000 [18] 605,000 [19]  
Amount of Interest/Dividend/Fee Income $ 261,300 [22] 231,520 [23]  
Investment, Identifier [Axis]: SciAps, Inc. - $2,090,000 Second Amended and Restated Secured Subordinated Promissory Note at 12%      
Schedule of Investments [Line Items]      
Date Acquired [2],[4],[24],[26] Aug. 20, 2021    
Cost [2],[24],[26] $ 2,090,000    
Fair Value 2,090,000 [2],[7],[8],[24],[26] 2,085,000 1,480,000
Principle Amount $ 2,090,000 $ 2,090,000  
Interest Rate 12.00% [2],[9],[24],[26] 12.00%  
Due Date Aug. 20, 2024 [2],[9],[24],[26] Aug. 20, 2024  
Investment owned face amount [2],[9],[24],[26] $ 2,090,000    
Gross Additions 5,000 [18] $ 605,000 [19]  
Amount of Interest/Dividend/Fee Income $ 261,300 [22] $ 231,520 [23]  
Investment, Identifier [Axis]: SciAps, Inc. - $2,090,000 Subordinated Promissory Note      
Schedule of Investments [Line Items]      
Date Acquired [10],[12],[25],[27]   Aug. 20, 2021  
Cost [10],[25],[27]   $ 2,085,000  
Fair Value [10],[15],[16],[25],[27]   2,085,000  
Principle Amount [10],[17],[25],[27]   $ 2,090,000  
Interest Rate [10],[17],[25],[27]   12.00%  
Due Date [10],[17],[25],[27]   Aug. 20, 2024  
Investment, Identifier [Axis]: SciAps, Inc. - 113,636 Series C Convertible Preferred      
Schedule of Investments [Line Items]      
Date Acquired Apr. 07, 2016 [2],[4],[24],[26] Apr. 07, 2016 [10],[12],[25],[27]  
Cost $ 175,000 [2],[24],[26] $ 175,000 [10],[25],[27]  
Fair Value $ 175,000 [2],[7],[8],[24],[26] $ 175,000 [10],[15],[16],[25],[27] 84,000
Number of Shares Owned | shares 113,636 [2],[9],[24],[26] 113,636 [10],[17],[25],[27]  
Net Change in Unrealized Appreciation (Depreciation)   $ 91,000  
Investment, Identifier [Axis]: SciAps, Inc. - 117,371 Series B Convertible Preferred      
Schedule of Investments [Line Items]      
Date Acquired Aug. 31, 2015 [2],[4],[24],[26] Aug. 31, 2015 [10],[12],[25],[27]  
Cost $ 250,000 [2],[24],[26] $ 250,000 [10],[25],[27]  
Fair Value $ 250,000 [2],[7],[8],[24],[26] $ 250,000 [10],[15],[16],[25],[27] 124,000
Number of Shares Owned | shares 117,371 [2],[9],[24],[26] 117,371 [10],[17],[25],[27]  
Net Change in Unrealized Appreciation (Depreciation)   $ 126,000  
Investment, Identifier [Axis]: SciAps, Inc. - 147,059 Series D Convertible Preferred      
Schedule of Investments [Line Items]      
Date Acquired May 09, 2017 [2],[4],[24],[26] May 09, 2017 [10],[12],[25],[27]  
Cost $ 250,000 [2],[24],[26] $ 250,000 [10],[25],[27]  
Fair Value $ 250,000 [2],[7],[8],[24],[26] $ 250,000 [10],[15],[16],[25],[27] 250,000
Number of Shares Owned | shares 147,059 [2],[9],[24],[26] 147,059 [10],[17],[25],[27]  
Investment, Identifier [Axis]: SciAps, Inc. - 187,500 Series A Preferred      
Schedule of Investments [Line Items]      
Date Acquired Jul. 12, 2013 [2],[4],[24],[26] Jul. 12, 2013 [10],[12],[25],[27]  
Equity 6.00% [2],[6],[24],[26] 6.00% [10],[14],[25],[27]  
Cost $ 1,500,000 [2],[24],[26] $ 1,500,000 [10],[25],[27]  
Fair Value $ 1,500,000 [2],[7],[8],[24],[26] $ 1,500,000 [10],[15],[16],[25],[27] 210,000
Percent of Net Assets 8.60% [2],[24],[26] 9.00% [10],[25],[27]  
Number of Shares Owned | shares 187,500 [2],[9],[24],[26] 187,500 [10],[17],[25],[27]  
Net Change in Unrealized Appreciation (Depreciation)   $ 1,290,000  
Investment, Identifier [Axis]: SciAps, Inc. - 274,299 Series A1 Convertible Preferred      
Schedule of Investments [Line Items]      
Date Acquired Apr. 04, 2014 [2],[4],[24],[26] Apr. 04, 2014 [10],[12],[25],[27]  
Cost $ 504,710 [2],[24],[26] $ 504,710 [10],[25],[27]  
Fair Value $ 504,710 [2],[7],[8],[24],[26] $ 504,710 [10],[15],[16],[25],[27] 96,000
Number of Shares Owned | shares 274,299 [2],[9],[24],[26] 274,299 [10],[17],[25],[27]  
Net Change in Unrealized Appreciation (Depreciation)   $ 408,710  
Investment, Identifier [Axis]: SciAps, Inc. - 369,698 Series C1 Convertible Preferred      
Schedule of Investments [Line Items]      
Date Acquired Apr. 07, 2016 [2],[4],[24],[26] Apr. 07, 2016 [10],[12],[25],[27]  
Cost $ 399,274 [2],[24],[26] $ 399,274 [10],[25],[27]  
Fair Value $ 399,274 [2],[7],[8],[24],[26] $ 399,274 [10],[15],[16],[25],[27] 207,000
Number of Shares Owned | shares 369,698 [2],[9],[24],[26] 369,698 [10],[17],[25],[27]  
Net Change in Unrealized Appreciation (Depreciation)   $ 192,274  
Investment, Identifier [Axis]: SciAps, Inc. - Warrant to purchase Series D-1 Preferred      
Schedule of Investments [Line Items]      
Date Acquired May 09, 2017 [2],[4],[24],[26] May 09, 2017 [10],[12],[25],[27]  
Cost $ 45,000 [2],[24],[26] $ 45,000 [10],[25],[27]  
Fair Value 45,000 [2],[7],[8],[24],[26] 45,000 [10],[15],[16],[25],[27]  
Net Change in Unrealized Appreciation (Depreciation)   45,000  
Investment, Identifier [Axis]: Seybert’s      
Schedule of Investments [Line Items]      
Cost 5,994,530 [2],[24],[26],[30] 5,868,961 [10],[25],[27],[35]  
Fair Value 5,994,530 [2],[7],[8],[24],[26],[30] 5,868,961 [10],[15],[16],[25],[27],[35]  
Investment, Identifier [Axis]: Seybert’s Billiards Corporation      
Schedule of Investments [Line Items]      
Fair Value 5,994,530 5,868,961 3,364,465
Gross Additions 125,569 [18] 2,504,496 [19]  
Amount of Interest/Dividend/Fee Income $ 854,384 [22] $ 749,097 [23]  
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - $1,435,435 Term Note      
Schedule of Investments [Line Items]      
Date Acquired Jan. 19, 2021 [2],[4],[24],[26],[30] Jan. 19, 2021 [10],[12],[25],[27],[35]  
Cost $ 1,475,613 [2],[24],[26],[30] $ 1,440,855 [10],[25],[27],[35]  
Fair Value $ 1,475,613 [2],[7],[8],[24],[26],[30] 1,440,855 [10],[15],[16],[25],[27],[35]  
Principle Amount [10],[17],[25],[27],[35]   $ 1,435,435  
Interest Rate 12.00% [2],[9],[24],[26],[30] 12.00% [10],[17],[25],[27],[35]  
Reference Rate and Spread (+), PIK 2.00% [2],[9],[24],[26],[30] 2.00% [10],[17],[25],[27],[35]  
Due Date Jan. 19, 2026 [2],[9],[24],[26],[30] Jan. 19, 2026 [10],[17],[25],[27],[35]  
Investment owned face amount [2],[9],[24],[26],[30] $ 1,435,435    
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - $1,435,435 Term Note at 12%      
Schedule of Investments [Line Items]      
Fair Value 1,475,613 $ 1,440,855 1,406,690
Principle Amount $ 1,435,435 $ 1,435,435  
Interest Rate 12.00% 12.00%  
Reference Rate and Spread (+), PIK 2.00% 2.00%  
Due Date Jan. 19, 2026 Jan. 19, 2026  
Gross Additions $ 34,758 [18] $ 34,165 [19]  
Amount of Interest/Dividend/Fee Income 220,890 [22] 216,720 [23]  
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - $4,139,444 Term Note at 12%      
Schedule of Investments [Line Items]      
Fair Value 4,274,917 4,184,106 1,907,775
Principle Amount $ 4,139,444 $ 4,139,444  
Interest Rate 12.00% 12.00%  
Reference Rate and Spread (+), PIK 2.00% 2.00%  
Due Date Jan. 19, 2026 Jan. 19, 2026  
Gross Additions $ 90,811 [18] $ 2,276,331 [19]  
Amount of Interest/Dividend/Fee Income $ 633,494 [22] $ 532,377 [23]  
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - 4,139,444 Term Note      
Schedule of Investments [Line Items]      
Date Acquired Nov. 22, 2021 [2],[4],[24],[26],[30] Nov. 22, 2021 [10],[12],[25],[27],[35]  
Equity 8.00% [2],[6],[24],[26],[30] 8.00% [10],[14],[25],[27],[35]  
Cost $ 4,274,917 [2],[24],[26],[30] $ 4,184,106 [10],[25],[27],[35]  
Fair Value $ 4,274,917 [2],[7],[8],[24],[26],[30] $ 4,184,106 [10],[15],[16],[25],[27],[35]  
Percent of Net Assets 9.80% [2],[24],[26],[30] 10.20% [10],[25],[27],[35]  
Principle Amount [10],[17],[25],[27],[35]   $ 4,139,444  
Interest Rate 12.00% [2],[9],[24],[26],[30] 12.00% [10],[17],[25],[27],[35]  
Reference Rate and Spread (+), PIK 2.00% [2],[9],[24],[26],[30] 2.00% [10],[17],[25],[27],[35]  
Due Date Jan. 19, 2026 [2],[9],[24],[26],[30] Jan. 19, 2026 [10],[17],[25],[27],[35]  
Investment owned face amount [2],[9],[24],[26],[30] $ 4,139,444    
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - 5.82 Common shares      
Schedule of Investments [Line Items]      
Date Acquired Oct. 24, 2022 [2],[4],[24],[26],[30] Oct. 24, 2022 [10],[12],[25],[27],[35]  
Cost $ 194,000 [2],[24],[26],[30] $ 194,000 [10],[25],[27],[35]  
Fair Value $ 194,000 [2],[7],[8],[24],[26],[30] $ 194,000 [10],[15],[16],[25],[27],[35]
Number of Shares Owned | shares 5.82 [2],[9],[24],[26],[30] 5.82 [10],[17],[25],[27],[35]  
Gross Additions [19]   $ 194,000  
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - Warrant for 4% Membership Interest      
Schedule of Investments [Line Items]      
Date Acquired Jan. 19, 2021 [2],[4],[24],[26],[30] Jan. 19, 2021 [10],[12],[25],[27],[35]  
Cost $ 25,000 [2],[24],[26],[30] $ 25,000 [10],[25],[27],[35]  
Fair Value $ 25,000 [2],[7],[8],[24],[26],[30] $ 25,000 [10],[15],[16],[25],[27],[35] 25,000
Membership Interest 4.00% [2],[9],[24],[26],[30] 4.00% [10],[17],[25],[27],[35]  
Investment, Identifier [Axis]: Somerset Gas Transmission Company, LLC - 26.5337 Units      
Schedule of Investments [Line Items]      
Date Acquired [10],[11],[12],[13],[27],[32]   Apr. 01, 2005  
Equity [10],[11],[13],[14],[27],[32]   3.00%  
Cost [10],[11],[13],[27],[32]   $ 719,097  
Fair Value [10],[11],[13],[15],[16],[27],[32]   $ 125,000  
Percent of Net Assets [10],[11],[13],[27],[32]   0.20%  
Number of Shares Owned | shares [10],[11],[13],[17],[27],[32]   26.5337  
Investment, Identifier [Axis]: Subtotal Affiliate Investments      
Schedule of Investments [Line Items]      
Cost $ 45,720,974 [2],[24] $ 30,204,160 [10],[25]  
Fair Value 53,499,372 [2],[7],[8],[24] 38,241,589 [10],[15],[16],[25]  
Investment, Identifier [Axis]: Subtotal Control Investments      
Schedule of Investments [Line Items]      
Cost 5,272,770 [2],[29],[34] 4,660,017 [36]  
Fair Value 4,148,960 [2],[7],[8],[29],[34] 3,536,207 [15],[16],[36]  
Investment, Identifier [Axis]: Subtotal Non-Control/Non-Affiliate Investments      
Schedule of Investments [Line Items]      
Cost 17,371,862 [2],[3] 20,852,060 [10],[11]  
Fair Value 19,477,380 [2],[3],[7],[8] 19,726,463 [10],[11],[15],[16]  
Investment, Identifier [Axis]: TOTAL INVESTMENTS – 126.8%      
Schedule of Investments [Line Items]      
Cost [29],[34] 68,365,606    
Fair Value [7],[8],[29],[34] $ 77,125,712    
Percent of Net Assets 126.80%    
Investment, Identifier [Axis]: Tilson Technology Management, Inc.      
Schedule of Investments [Line Items]      
Cost $ 3,100,015 [2],[24],[26] 2,850,015 [10],[25],[27]  
Fair Value 10,550,000 [2],[7],[8],[24],[26] 10,300,000 [10],[15],[16],[25],[27] 8,925,015
Net Change in Unrealized Appreciation (Depreciation)   1,374,985  
Gross Additions [18] 250,000    
Amount of Interest/Dividend/Fee Income $ 52,501 [22] $ 52,500 [23]  
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - *120,000 Series B Preferred      
Schedule of Investments [Line Items]      
Date Acquired Jan. 20, 2015 [2],[4],[24],[26] Jan. 20, 2015 [10],[12],[25],[27]  
Equity 9.00% [2],[6],[24],[26] 9.00% [10],[14],[25],[27]  
Cost $ 600,000 [2],[24],[26] $ 600,000 [10],[25],[27]  
Fair Value $ 4,559,500 [2],[7],[8],[24],[26] $ 4,559,500 [10],[15],[16],[25],[27]  
Percent of Net Assets 17.30% [2],[24],[26] 17.80% [10],[25],[27]  
Number of Shares Owned | shares 120,000 [2],[9],[24],[26] 120,000 [10],[17],[25],[27]  
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - *15,385 Series E Preferred      
Schedule of Investments [Line Items]      
Date Acquired Mar. 15, 2019 [2],[4],[24],[26] Mar. 15, 2019 [10],[12],[25],[27]  
Cost $ 500,012 [2],[24],[26] $ 500,012 [10],[25],[27]  
Fair Value $ 584,500 [2],[7],[8],[24],[26] $ 584,500 [10],[15],[16],[25],[27]  
Number of Shares Owned | shares 15,385 [2],[9],[24],[26] 15,385 [10],[17],[25],[27]  
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - *2.5% dividend payable quarterly      
Schedule of Investments [Line Items]      
Dividend payable quarterly 2.50% [2],[9],[24] 2.50% [10],[17],[25]  
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - *21,391 Series C Preferred      
Schedule of Investments [Line Items]      
Date Acquired Sep. 28, 2016 [2],[4],[24],[26] Sep. 28, 2016 [10],[12],[25],[27]  
Cost $ 200,000 [2],[24],[26] $ 200,000 [10],[25],[27]  
Fair Value $ 812,800 [2],[7],[8],[24],[26] $ 812,800 [10],[15],[16],[25],[27]  
Number of Shares Owned | shares 21,391 [2],[9],[24],[26] 21,391 [10],[17],[25],[27]  
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - *70,176 Series D Preferred      
Schedule of Investments [Line Items]      
Date Acquired Sep. 29, 2017 [2],[4],[24],[26] Sep. 29, 2017 [10],[12],[25],[27]  
Cost $ 800,000 [2],[24],[26] $ 800,000 [10],[25],[27]  
Fair Value $ 2,666,400 [2],[7],[8],[24],[26] $ 2,666,400 [10],[15],[16],[25],[27]  
Number of Shares Owned | shares 70,176 [2],[9],[24],[26] 70,176 [10],[17],[25],[27]  
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 120,000 Series B Preferred      
Schedule of Investments [Line Items]      
Fair Value $ 4,559,500 $ 4,559,500 3,900,000
Number of Shares Owned | shares 120,000 120,000  
Net Change in Unrealized Appreciation (Depreciation)   $ 659,500  
Amount of Interest/Dividend/Fee Income $ 52,501 [22] 52,500 [23]  
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 15,385 Series E Preferred      
Schedule of Investments [Line Items]      
Fair Value $ 584,500 $ 584,500 500,012
Number of Shares Owned | shares 15,385 15,385  
Net Change in Unrealized Appreciation (Depreciation)   $ 84,488  
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 21,391 Series C Preferred      
Schedule of Investments [Line Items]      
Fair Value $ 812,800 $ 812,800 695,000
Number of Shares Owned | shares 21,391 21,391  
Net Change in Unrealized Appreciation (Depreciation)   $ 117,800  
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 211,567 A-1 Units of SQF Holdco LLC      
Schedule of Investments [Line Items]      
Fair Value $ 800,000 $ 800,000  
Number of Shares Owned | shares 211,567    
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 211,567 A-1 Units of SQF Holdco LLC.      
Schedule of Investments [Line Items]      
Date Acquired Mar. 15, 2019 [2],[4],[24],[26] Mar. 15, 2019 [10],[12],[25],[27]  
Fair Value $ 800,000 [2],[7],[8],[24],[26] $ 800,000 [10],[15],[16],[25],[27]  
Number of Shares Owned | shares 211,567 [2],[9],[24],[26] 211,567 [10],[17],[25],[27]  
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 211,567 Class A-1 Units of SQF Holdco LLC      
Schedule of Investments [Line Items]      
Fair Value   $ 800,000 800,000
Number of Shares Owned | shares   211,567  
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 23,077 Series F Preferred      
Schedule of Investments [Line Items]      
Date Acquired Jun. 15, 2020 [2],[4],[24],[26] Jun. 15, 2020 [10],[12],[25],[27]  
Cost $ 750,003 [2],[24],[26] $ 750,003 [10],[25],[27]  
Fair Value $ 876,800 [2],[7],[8],[24],[26] $ 876,800 [10],[15],[16],[25],[27] 750,003
Number of Shares Owned | shares 23,077 [2],[9],[24],[26] 23,077 [10],[17],[25],[27]  
Net Change in Unrealized Appreciation (Depreciation)   $ 126,797  
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 250 Class D-1 Units of SQF Holdco LLC      
Schedule of Investments [Line Items]      
Date Acquired [2],[4],[24],[26] Feb. 16, 2023    
Cost [2],[24],[26] $ 250,000    
Fair Value [2],[7],[8],[24],[26] $ 250,000    
Number of Shares Owned | shares [2],[9],[24],[26] 250    
Gross Additions [18] $ 250,000    
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 70,176 Series D Preferred      
Schedule of Investments [Line Items]      
Fair Value $ 2,666,400 $ 2,666,400 2,280,000
Number of Shares Owned | shares 70,176 70,176  
Net Change in Unrealized Appreciation (Depreciation)   $ 386,400  
Investment, Identifier [Axis]: Total ITA Acquisition, LLC      
Schedule of Investments [Line Items]      
Fair Value     $ 3,561,611
Gross Additions [19]   676,285  
Gross Reductions [21]   (4,237,896)  
Amount of Interest/Dividend/Fee Income [23]   $ 249,920  
[1] Per share data are based on shares outstanding and results are rounded.
[2] 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).
[3] Non-Control/Non-Affiliate Investments are investments that are neither Control Investments nor Affiliate Investments.
[4] The Date Acquired column indicates the date on which the Corporation first acquired an investment.
[5] 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.
[6] 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.
[7] As of December 31, 2023, the total cost of investment securities was approximately $68.4 million. Net unrealized appreciation was approximately $8.8 million, which was comprised of $14.1 million of unrealized appreciation of investment securities and ($5.4) million of unrealized depreciation of investment securities. At December 31, 2023, the aggregate gross unrealized gain for federal income tax purposes was approximately $14.1 million and the aggregate gross unrealized loss for federal income tax purposes was approximately ($4.2) million. The net unrealized gain for federal income tax purposes was approximately $9.9 million based on a tax cost of approximately $68 million.
[8] 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,” which defines fair value and establishes guidelines for measuring fair value. At December 31, 2023, ASC 820 designates 91% 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 2. “Investments” to the Consolidated Financial Statements).
[9] At December 31, 2023, restricted securities represented 91% 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, common shares.
[10] 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).
[11] Non-Control/Non-Affiliate Investments are investments that are neither Control Investments nor Affiliate Investments.
[12] The Date Acquired column indicates the date on which the Corporation first acquired an investment.
[13] 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.
[14] 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.
[15] As of December 31, 2022, the total cost of investment securities was approximately $55.7 million. Net unrealized appreciation was approximately $5.8 million, which was comprised of $13.5 million of unrealized appreciation of investment securities and ($7.7) million of unrealized depreciation of investment securities. At December 31, 2022, the aggregate gross unrealized gain for federal income tax purposes was $13.2 million and the aggregate gross unrealized loss for federal income tax purposes was ($6.7) million. The net unrealized gain for federal income tax purposes was $6.5 million based on a tax cost of $55.0 million.
[16] 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,” which defines fair value and establishes guidelines for measuring fair value. At December 31, 2022, ASC 820 designates 90% 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 2. “Investments” to the Consolidated Financial Statements).
[17] At December 31, 2022, restricted securities represented 90% 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, common shares.
[18] 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.
[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 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.
[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] 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.
[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] 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.
[25] 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.
[26] Investments classified as Level 3 for purposes of the fair value determination by RCM and approved by the Board of Directors.
[27] Investments classified as Level 3 for purposes of the fair value determination by RCM and approved by the Board of Directors.
[28] Indicates assets that the Company believes do not represent “qualifying assets” under Section 55(a) of the 1940 Act. Qualifying assets must represent at least 70% of the Company’s total assets at the time of acquisition of any additional non-qualifying assets. Of the Company’s total assets, 5.38% were non-qualifying assets as of December 31, 2023.
[29] 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.
[30] 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.
[31] Reduction in cost and value from previously reported balances reflects current principal repayment.
[32] Equity holdings are held in a wholly owned (100%) “blocker corporation” of Rand Capital Corporation or Rand Capital Sub LLC for federal income tax and Regulated Investment Company (RIC) compliance.
[33] Indicates assets that the Company believes do not represent “qualifying assets” under Section 55(a) of the 1940 Act. Qualifying assets must represent at least 70% of the Company’s total assets at the time of acquisition of any additional non-qualifying assets. Of the Company’s total assets, 6.12% were non-qualifying assets as of December 31, 2022.
[34] Represents interest due (amounts over $50,000) from investments included as interest receivable on the Corporation’s Consolidated Statements of Financial Position.
[35] 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.
[36] 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.
[37] 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.
[38] Reduction in cost and value from previously reported balances reflects current principal repayment.