| Schedule Of Consolidated Changes In Investments At Cost And Realized Gain |
RAND CAPITAL CORPORATION AND SUBSIDIARY
SCHEDULE OF CONSOLIDATED CHANGES IN INVESTMENTS AT
COST AND REALIZED GAIN
For the Year Ended December 31, 2023
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Cost
Increase (Decrease) |
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Realized
Gain (Loss) |
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New investments: |
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BMP Food Service Supply Holdco, LLC |
|
$ |
4,535,000 |
|
|
$ |
— |
|
Inter-National Electronic Alloys LLC |
|
|
4,300,000 |
|
|
|
— |
|
Highland All About People Holdings, Inc. |
|
|
4,000,000 |
|
|
|
— |
|
FCM Industries Holdco LLC |
|
|
3,800,000 |
|
|
|
— |
|
Pressure Pro, Inc. |
|
|
3,000,000 |
|
|
|
— |
|
ITA Acquisition, LLC |
|
|
390,000 |
|
|
|
— |
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Tilson Technology Management, Inc. |
|
|
250,000 |
|
|
|
— |
|
Caitec, Inc. |
|
|
72,522 |
|
|
|
— |
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Total of new investments |
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|
20,347,522 |
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|
|
— |
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Other changes to investments: |
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Filterworks Acquisition USA, LLC interest conversion |
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|
247,841 |
|
|
|
— |
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Caitec, Inc. interest conversion |
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|
228,606 |
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|
|
— |
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ITA Acquisition, LLC interest conversion |
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|
222,753 |
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|
|
— |
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Seybert’s Billiards Corporation OID amortization and interest conversion |
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|
125,569 |
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|
|
— |
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BMP Swanson Holdco, LLC interest conversion |
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|
100,115 |
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|
|
— |
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Pressure Pro, Inc. OID amortization and interest conversion |
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|
93,436 |
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|
|
— |
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Inter-National Electronic Alloys LLC interest conversion |
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|
49,839 |
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|
|
— |
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Highland All About People Holdings, Inc. interest conversion |
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|
49,187 |
|
|
|
— |
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Mattison Avenue Holdings, LLC interest conversion |
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|
37,934 |
|
|
|
— |
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DSD Operating, LLC interest conversion |
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|
31,652 |
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|
|
— |
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HDI Acquisition LLC interest conversion |
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|
22,523 |
|
|
|
— |
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FCM Industries Holdco LLC interest conversion |
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|
18,156 |
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|
|
— |
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GoNoodle, Inc. interest conversion |
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|
14,170 |
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|
|
— |
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SciAps, Inc. OID amortization |
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|
5,000 |
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|
|
— |
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Total of other changes to investments |
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1,246,781 |
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|
|
— |
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Investments repaid, sold or liquidated: |
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DSD Operating, LLC debt repayment and equity sale |
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|
(4,238,934 |
) |
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2,459,819 |
|
Rheonix, Inc. liquidated |
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|
(2,802,731 |
) |
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|
(2,802,731 |
) |
BMP Food Service Supply Holdco, LLC debt repayment and equity sale |
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|
(850,047 |
) |
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|
— |
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Somerset Gas Transmission Company, LLC equity sale |
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|
(719,097 |
) |
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|
(448,717 |
) |
HDI Acquisition LLC debt repayment |
|
|
(300,000 |
) |
|
|
— |
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ACV Auctions, Inc. stock sold |
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(34,125 |
) |
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|
1,718,767 |
|
Microcision LLC additional proceeds |
|
|
— |
|
|
|
115,010 |
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ClearView Social Inc. escrow receipt |
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— |
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10,432 |
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Mercantile Adjustment Bureau, LLC escrow receipt |
|
|
— |
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|
|
3,440 |
|
SocialFlow, Inc. escrow loss |
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|
— |
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|
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(4,941 |
) |
Total of investments repaid, sold, liquidated or converted |
|
|
(8,944,934 |
) |
|
|
1,051,079 |
|
Net change in investments, at cost and total realized gain |
|
$ |
12,649,369 |
|
|
$ |
1,051,079 |
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