CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS (Unaudited)

v3.25.3

CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS (Unaudited)		9 Months Ended		12 Months Ended
		Sep. 30, 2025 USD ($) Units $ / shares shares		Dec. 31, 2024 USD ($) Units shares		Dec. 31, 2023 USD ($)
Schedule of Investments [Line Items]
Cost		$ 53,535,367		$ 68,120,235
Fair Value		44,330,872	[1],[2]	70,818,041	[3],[4]
Liabilities in Excess of Other Assets		9,290,642	[1],[2]	(5,485,521)	[3],[4]
Net Assets		$ 53,621,514	[1],[2]	$ 65,332,520	[3],[4]
Total Investment percentage		82.70%		108.40%
Percentage of Liabilities in excess of other assets		17.30%		(8.40%)
Percent of Net Assets		100.00%		100.00%
Value of shares owned per share | $ / shares		$ 14.5
Non-Control/Non-Affiliate Investments
Schedule of Investments [Line Items]
Cost		$ 9,501,053	[5],[6]	$ 19,442,491	[7],[8],[9],[10]
Fair Value		$ 9,175,004	[1],[2],[5],[6]	$ 16,649,897	[3],[4],[7],[8],[9],[10]
Total Investment percentage		17.10%	[5],[6]	25.50%	[7],[9]
Non-Control/Non-Affiliate Investments | Caitec, Inc.
Schedule of Investments [Line Items]
Cost		$ 5,296,406	[5],[6],[11],[12]	$ 4,847,434	[7],[8],[9],[10],[13]
Fair Value		4,923,884	[1],[2],[5],[6],[11],[12]	4,474,912	[3],[4],[7],[8],[9],[10],[13]
Non-Control/Non-Affiliate Investments | GoNoodle, Inc.
Schedule of Investments [Line Items]
Cost		1,451,120	[5],[6],[11],[12]	1,440,315	[7],[8],[9],[13]
Fair Value		1,451,120	[1],[2],[5],[6],[11],[12]	1,440,315	[3],[4],[7],[8],[9],[13]
Non-Control/Non-Affiliate Investments | Mountain Regional Equipment Solutions
Schedule of Investments [Line Items]
Cost	[7],[8],[9],[14]			3,216,545
Fair Value	[3],[4],[7],[8],[9],[14]			2,500,000
Non-Control/Non-Affiliate Investments | Open Exchange, Inc.
Schedule of Investments [Line Items]
Cost		1,401,940	[5],[6],[11],[15]	1,401,940	[7],[8],[9],[10]
Fair Value		700,000	[1],[2],[5],[6],[11],[15]	700,000	[3],[4],[7],[8],[9],[10]
Non-Control/Non-Affiliate Investments | SQF LLC d/b/a Verta
Schedule of Investments [Line Items]
Cost	[5],[6],[15],[16]	250,000
Fair Value	[1],[2],[5],[6],[15],[16]	2,000,000
Affiliate Investments
Schedule of Investments [Line Items]
Cost		37,470,374	[5],[16]	42,488,804	[7],[8],[17]
Fair Value		$ 33,155,868	[1],[2],[5],[16]	$ 51,668,144	[3],[4],[7],[8],[17]	$ 53,499,372
Total Investment percentage		61.80%	[5],[16]	79.10%	[7],[17]
Net Change in Unrealized Appreciation (Depreciation)		$ (11,027,301)		$ 1,400,942
Gross Additions		6,863,160	[18]	5,622,359	[19]
Gross Reductions		(14,348,135)	[20]	(8,854,529)	[21]
Net Realized Gains (Losses)		(1,924,658)		6,165,419
Amount of Interest/Dividend/Fee Income		3,985,381	[22]	5,242,557	[23]
Affiliate Investments | Mountain Regional Equipment Solutions
Schedule of Investments [Line Items]
Cost	[5],[11],[12],[15],[16],[24]	3,575,964
Fair Value	[1],[2],[5],[11],[12],[15],[16],[24]	2,120,067
Net Change in Unrealized Appreciation (Depreciation)		(739,352)
Gross Additions	[18]	2,859,419
Amount of Interest/Dividend/Fee Income	[22]	368,419
Affiliate Investments | Applied Image, Inc.
Schedule of Investments [Line Items]
Cost		1,750,000	[5],[11],[16]	1,750,000	[7],[8],[13],[17]
Fair Value		1,750,000	[1],[2],[5],[11],[16]	1,750,000	[3],[4],[7],[8],[13],[17]	1,750,000
Amount of Interest/Dividend/Fee Income		161,014	[22]	219,605	[23]
Affiliate Investments | Autotality (formerly Filterworks Acquisition USA, LLC)
Schedule of Investments [Line Items]
Cost	[5],[11],[12],[16],[24]	3,828,929
Fair Value		3,063,454	[1],[2],[5],[11],[12],[16],[24]	2,928,648
Gross Additions	[18]	134,806
Amount of Interest/Dividend/Fee Income	[22]	315,634
Affiliate Investments | BlackJet Direct Marketing, LLC
Schedule of Investments [Line Items]
Fair Value		2,501,187
Gross Additions	[18]	2,501,187
Amount of Interest/Dividend/Fee Income	[22]	18,209
Affiliate Investments | BMP Food Service Supply Holdco, LLC
Schedule of Investments [Line Items]
Cost		8,089,115	[5],[11],[12],[16],[24]	7,035,645	[7],[8],[13],[14],[17],[25]
Fair Value		4,259,834	[1],[2],[5],[11],[12],[16],[24]	7,035,645	[3],[4],[7],[8],[13],[14],[17],[25]	7,394,953
Net Change in Unrealized Appreciation (Depreciation)		(3,829,281)		(610,000)
Gross Additions		1,053,470	[18]	285,530	[19]
Gross Reductions	[21]			(34,838)
Amount of Interest/Dividend/Fee Income		680,361	[22]	892,470	[23]
Affiliate Investments | BMP Swanson Holdco, LLC
Schedule of Investments [Line Items]
Cost		1,954,792	[5],[11],[12],[16],[24]	1,933,448	[7],[8],[14],[17]
Fair Value		2,471,459	[1],[2],[5],[11],[12],[16],[24]	2,450,115	[3],[4],[7],[8],[14],[17]	2,200,115
Net Change in Unrealized Appreciation (Depreciation)				250,000
Gross Additions	[18]	21,344
Amount of Interest/Dividend/Fee Income		159,819	[22]	214,611	[23]
Affiliate Investments | FCM Industries Holdco LLC
Schedule of Investments [Line Items]
Cost		3,902,868	[5],[11],[12],[16]	3,864,837	[7],[8],[13],[17]
Fair Value		3,902,868	[1],[2],[5],[11],[12],[16]	3,380,000	[3],[4],[7],[8],[13],[17]	3,818,156
Net Change in Unrealized Appreciation (Depreciation)		484,837		(484,837)
Gross Additions		38,031	[18]	46,681	[19]
Amount of Interest/Dividend/Fee Income		394,231	[22]	520,194	[23]
Affiliate Investments | Filterworks Acquisition USA, LLC
Schedule of Investments [Line Items]
Cost	[7],[8],[13],[14],[17],[25]			3,694,123
Fair Value				2,928,648	[3],[4],[7],[8],[13],[14],[17],[25]	3,277,172
Net Change in Unrealized Appreciation (Depreciation)				(396,226)
Gross Additions	[19]			253,952
Gross Reductions	[21]			(206,250)
Amount of Interest/Dividend/Fee Income	[23]			428,268
Affiliate Investments | Highland All About People Holdings, Inc.
Schedule of Investments [Line Items]
Cost		4,272,380	[5],[11],[12],[16]	4,175,091	[7],[8],[13],[17]
Fair Value		3,872,380	[1],[2],[5],[11],[12],[16]	3,775,091	[3],[4],[7],[8],[13],[17]	4,049,187
Net Change in Unrealized Appreciation (Depreciation)				(400,000)
Gross Additions		97,289	[18]	125,904	[19]
Amount of Interest/Dividend/Fee Income		398,153	[22]	515,616	[23]
Affiliate Investments | Inter-National Electronic Alloys LLC
Schedule of Investments [Line Items]
Cost		4,401,011	[5],[11],[12],[16],[24]	4,383,834	[7],[8],[13],[14],[17]
Fair Value		4,889,246	[1],[2],[5],[11],[12],[16],[24]	4,383,834	[3],[4],[7],[8],[13],[14],[17]	4,349,839
Net Change in Unrealized Appreciation (Depreciation)		488,235
Gross Additions		17,177	[18]	33,995	[19]
Amount of Interest/Dividend/Fee Income		334,337	[22]	457,071	[23]
Affiliate Investments | Mobile RN Holdings LLC
Schedule of Investments [Line Items]
Cost		2,900,373	[5],[11],[12],[16],[24]	2,881,319	[7],[8],[13],[14],[17]
Fair Value		3,025,373	[1],[2],[5],[11],[12],[16],[24]	2,881,319	[3],[4],[7],[8],[13],[14],[17]
Net Change in Unrealized Appreciation (Depreciation)		125,000
Gross Additions		19,054	[18]	2,881,319	[19]
Amount of Interest/Dividend/Fee Income		295,417	[22]	97,667	[23]
Affiliate Investments | Pressure Pro, Inc.
Schedule of Investments [Line Items]
Cost	[7],[8],[13],[17],[25]			1,732,705
Fair Value				2,452,705	[3],[4],[7],[8],[13],[17],[25]	3,093,436
Net Change in Unrealized Appreciation (Depreciation)		(720,000)		720,000
Gross Additions		22,445	[18]	66,721	[19]
Gross Reductions		(1,755,150)	[20]	(1,427,452)	[21]
Net Realized Gains (Losses)		870,000
Amount of Interest/Dividend/Fee Income		121,261	[22]	417,382	[23]
Affiliate Investments | Seybert's Billiards Corporation
Schedule of Investments [Line Items]
Cost		244,000	[5],[11],[12],[16],[26]	7,922,787	[7],[8],[13],[17]
Fair Value		500,000	[1],[2],[5],[11],[12],[16],[26]	7,922,787	[3],[4],[7],[8],[13],[17]	5,994,530
Net Change in Unrealized Appreciation (Depreciation)		256,000
Gross Additions		64,183	[18]	1,928,257	[19]
Gross Reductions	[20]	(7,742,970)
Amount of Interest/Dividend/Fee Income		725,401	[22]	1,115,711	[23]
Affiliate Investments | Tilson Technology Management, Inc.
Schedule of Investments [Line Items]
Cost	[7],[8],[17]			3,100,015
Fair Value		0		11,500,000	[3],[4],[7],[8],[17]	10,550,000
Net Change in Unrealized Appreciation (Depreciation)		(6,649,985)		950,000
Gross Reductions	[20]	(4,850,015)
Net Realized Gains (Losses)		(2,850,015)		397,264
Amount of Interest/Dividend/Fee Income		13,125	[22]	52,500	[23]
Affiliate Investments | DSD Operating, LLC
Schedule of Investments [Line Items]
Net Realized Gains (Losses)				23,699
Affiliate Investments | Knoa Software, Inc.
Schedule of Investments [Line Items]
Fair Value						100,000
Net Change in Unrealized Appreciation (Depreciation)				1,129,155
Gross Reductions	[21]			(1,229,155)
Net Realized Gains (Losses)				(1,229,155)
Affiliate Investments | SciAps, Inc.
Schedule of Investments [Line Items]
Fair Value						5,213,984
Gross Reductions	[21]			(5,213,984)
Net Realized Gains (Losses)				7,716,461
Amount of Interest/Dividend/Fee Income	[23]			311,462
Affiliate Investments | Carolina Skiff LLC
Schedule of Investments [Line Items]
Cost	[5],[11],[15],[16],[24]	49,755
Fair Value		800,000	[1],[2],[5],[11],[15],[16],[24]	1,208,000
Net Change in Unrealized Appreciation (Depreciation)		(442,755)
Gross Additions	[18]	34,755
Affiliate Investments | BlackJet Direct Marketing, LLC
Schedule of Investments [Line Items]
Cost	[5],[11],[12],[16],[24]	2,501,187
Fair Value	[1],[2],[5],[11],[12],[16],[24]	2,501,187
Control Investments
Schedule of Investments [Line Items]
Cost		6,563,940	[5],[27]	6,188,940
Fair Value		$ 2,000,000	[1],[2],[5],[27]	$ 2,500,000	[3],[4]	4,148,960
Total Investment percentage		3.70%	[5],[27]	3.80%	[7],[28]
Net Change in Unrealized Appreciation (Depreciation)		$ (875,000)		$ (2,565,130)
Gross Additions		375,000	[18]	916,170	[19]
Amount of Interest/Dividend/Fee Income		39,943	[22]	751,837	[23]
Control Investments | ITA Acquisition, LLC
Schedule of Investments [Line Items]
Cost		6,563,940	[5],[11],[12],[24],[27]	6,188,940	[7],[8],[13],[14],[28]
Fair Value		2,000,000	[1],[2],[5],[11],[12],[24],[27]	2,500,000	[3],[4],[7],[8],[13],[14],[28]	4,148,960
Net Change in Unrealized Appreciation (Depreciation)		(875,000)		(2,565,130)
Gross Additions		375,000	[18]	916,170	[19]
Amount of Interest/Dividend/Fee Income		39,943	[22]	751,837	[23]
Control and Affiliate Investments
Schedule of Investments [Line Items]
Fair Value		35,155,868		54,168,144		57,648,332
Net Change in Unrealized Appreciation (Depreciation)		(11,902,301)		(1,164,188)
Gross Additions		7,238,160	[18]	6,538,529	[19]
Gross Reductions		(14,348,135)	[20]	(8,854,529)	[21]
Net Realized Gains (Losses)		(1,924,658)		6,165,419
Amount of Interest/Dividend/Fee Income		$ 4,025,324	[22]	$ 5,994,394	[23]
Investment, Identifier [Axis]: Applied Image, Inc. - $1,750,000 Term Note
Schedule of Investments [Line Items]
Date Acquired		Dec. 31, 2021	[5],[11],[16],[29]	Dec. 31, 2021	[7],[8],[13],[17],[30]
Equity		12.00%	[5],[11],[16],[31]	12.00%	[7],[8],[13],[17],[32]
Cost		$ 1,750,000	[5],[11],[16]	$ 1,750,000	[7],[8],[13],[17]
Fair Value		$ 1,750,000	[1],[2],[5],[11],[16]	$ 1,750,000	[3],[4],[7],[8],[13],[17]
Total Investment percentage		3.30%	[5],[11],[16]	2.70%	[7],[8],[9],[13],[17]
Principle Amount	[5],[11],[16],[33]	$ 1,750,000
Interest Rate		12.00%	[5],[11],[16],[33]	10.00%	[7],[8],[13],[17],[34]
Reference Rate and Spread (+), PIK	[7],[8],[13],[17],[34]			2.00%
Due Date		Feb. 01, 2029	[5],[11],[16],[33]	Feb. 01, 2029	[7],[8],[13],[17],[34]
Investment owned face amount	[7],[8],[13],[17],[34]			$ 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
Amount of Interest/Dividend/Fee Income	[23]			$ 219,605
Investment, Identifier [Axis]: Applied Image, Inc. - $1,750,000 Term Note at 10% (+2% PIK) through February 1, 2025
Schedule of Investments [Line Items]
Interest Rate	[7],[8],[13],[17],[34]			10.00%
Reference Rate and Spread (+), PIK				2.00%
Due Date	[7],[8],[13],[17],[34]			Feb. 01, 2025
Investment owned face amount				$ 1,750,000
Investment, Identifier [Axis]: Applied Image, Inc. - $1,750,000 Term Note at 10% through February 1, 2029
Schedule of Investments [Line Items]
Interest Rate				10.00%
Due Date				Feb. 01, 2029
Investment, Identifier [Axis]: Applied Image, Inc. - $1,750,000 Term Note at 12%
Schedule of Investments [Line Items]
Fair Value		$ 1,750,000		$ 1,750,000
Amount of Interest/Dividend/Fee Income	[22]	$ 161,014
Investment, Identifier [Axis]: Applied Image, Inc. - $1,750,000 Term Note at 12%, due February 1, 2029
Schedule of Investments [Line Items]
Interest Rate		12.00%
Due Date		Feb. 01, 2029
Investment owned face amount		$ 1,750,000
Investment, Identifier [Axis]: Applied Image, Inc. - Warrant for 1,167 shares
Schedule of Investments [Line Items]
Date Acquired		Dec. 31, 2021	[5],[11],[16],[29]	Dec. 31, 2021	[7],[8],[13],[17],[30]
Number of Shares Owned | shares		1,167		1,167
Number of Warrants Owned | Units		1,167	[5],[11],[16],[33]	1,167	[7],[8],[13],[17],[34]
Investment, Identifier [Axis]: Autotality (formerly Filterworks Acquisition USA, LLC) $2,283,702 Amended Term Note 12% (+2% PIK), due March 31, 2026
Schedule of Investments [Line Items]
Interest Rate		12.00%
Reference Rate and Spread (+), PIK		2.00%
Due Date		Mar. 31, 2026
Investment, Identifier [Axis]: Autotality (formerly Filterworks Acquisition USA, LLC) - $2,283,702 Amended Term Note
Schedule of Investments [Line Items]
Date Acquired	[5],[11],[12],[16],[24],[29]	Nov. 18, 2019
Equity	[5],[11],[12],[16],[24],[31]	8.00%
Cost	[5],[11],[12],[16],[24]	$ 3,063,454
Fair Value		$ 3,063,454	[1],[2],[5],[11],[12],[16],[24]	$ 2,928,648
Total Investment percentage	[5],[11],[12],[16],[24]	5.70%
Gross Additions	[18]	$ 134,806
Amount of Interest/Dividend/Fee Income	[22]	315,634
Investment, Identifier [Axis]: Autotality (formerly Filterworks Acquisition USA, LLC) - $2,283,702 Amended Term Note Through December 31, 2025
Schedule of Investments [Line Items]
Principle Amount	[5],[11],[12],[16],[24],[33]	$ 2,283,702
Interest Rate	[5],[11],[12],[16],[24],[33]	3.00%
Reference Rate and Spread (+), PIK	[5],[11],[12],[16],[24],[33]	11.00%
Due Date	[5],[11],[12],[16],[24],[33]	Dec. 31, 2025
Investment, Identifier [Axis]: Autotality (formerly Filterworks Acquisition USA, LLC) - $2,283,702 Amended Term Note Through March 31, 2026
Schedule of Investments [Line Items]
Interest Rate	[5],[11],[12],[16],[24],[33]	12.00%
Reference Rate and Spread (+), PIK	[5],[11],[12],[16],[24],[33]	2.00%
Due Date	[5],[11],[12],[16],[24],[33]	Mar. 31, 2026
Investment, Identifier [Axis]: Autotality (formerly Filterworks Acquisition USA, LLC) - 417.7 shares Class A-0 Units
Schedule of Investments [Line Items]
Date Acquired	[6],[20],[27],[29]	Sep. 30, 2022
Cost	[6],[20],[27]	$ 139,232
Number of Shares Owned | shares	[6],[20],[27],[33]	417.7
Investment, Identifier [Axis]: Autotality (formerly Filterworks Acquisition USA, LLC) - 626.2 shares Class A-1 Units
Schedule of Investments [Line Items]
Date Acquired	[6],[20],[27],[29]	Jun. 03, 2022
Cost	[6],[20],[27]	$ 626,243
Number of Shares Owned | shares	[6],[20],[27],[33]	626.2
Investment, Identifier [Axis]: Autotality (formerly Filterworks Acquisition USA, LLC) -$2,283,702 Amended Term Note at 3% (+11% PIK) through December 31, 2025
Schedule of Investments [Line Items]
Principle Amount		$ 2,283,702
Interest Rate		3.00%
Reference Rate and Spread (+), PIK		11.00%
Due Date		Dec. 31, 2025
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%
Due Date				Nov. 22, 2027
Investment owned face amount				$ 4,820,000
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $6,835,000 Third Amended and Restated Term Note
Schedule of Investments [Line Items]
Date Acquired	[5],[11],[12],[15],[16],[24],[29]	Nov. 22, 2022
Equity	[5],[11],[12],[15],[16],[24],[31]	15.00%
Cost	[5],[11],[12],[15],[16],[24]	$ 7,591,496
Fair Value	[1],[2],[5],[11],[12],[15],[16],[24]	$ 4,259,834
Total Investment percentage	[5],[11],[12],[15],[16],[24]	7.90%
Investment owned face amount	[5],[11],[12],[16],[24],[33]	$ 6,835,000
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $6,835,000 Third Amended and Restated Term Note, $1,615,000 at 13% PIK through March 31, 2026
Schedule of Investments [Line Items]
Interest Rate		16.00%
Reference Rate and Spread (+), PIK		13.00%
Due Date		Mar. 31, 2026
Investment owned face amount		$ 1,615,000
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $6,835,000 Third Amended and Restated Term Note, $1,615,000, thereafter 16%
Schedule of Investments [Line Items]
Interest Rate	[5],[11],[12],[16],[24],[33]	16.00%
Reference Rate and Spread (+), PIK	[5],[11],[12],[16],[24],[33]	13.00%
Due Date	[5],[11],[12],[16],[24],[33]	Mar. 31, 2026
Investment owned face amount	[5],[11],[12],[16],[24],[33]	$ 1,615,000
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $6,835,000 Third Amended and Restated Term Note, $4,820,000
Schedule of Investments [Line Items]
Interest Rate	[5],[11],[12],[16],[24],[33]	12.00%
Reference Rate and Spread (+), PIK	[5],[11],[12],[16],[24],[33]	12.00%
Due Date	[5],[11],[12],[16],[24],[33]	Mar. 31, 2026
Investment owned face amount	[5],[11],[12],[16],[24],[33]	$ 4,820,000
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $6,835,000 Third Amended and Restated Term Note, $4,820,000 at 12%, $1,615,000 at 13%, $400,000 at 13%
Schedule of Investments [Line Items]
Investment owned face amount		$ 6,835,000
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $6,835,000 Third Amended and Restated Term Note, $4,820,000 at 12%, PIK through March 31, 2026
Schedule of Investments [Line Items]
Interest Rate		12.00%
Reference Rate and Spread (+), PIK		12.00%
Due Date		Mar. 31, 2026
Investment owned face amount		$ 4,820,000
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $6,835,000 Third Amended and Restated Term Note, $400,000
Schedule of Investments [Line Items]
Interest Rate	[5],[11],[12],[16],[24],[33]	13.00%
Due Date	[5],[11],[12],[16],[24],[33]	Nov. 22, 2027
Investment owned face amount	[5],[11],[12],[16],[24],[33]	$ 400,000
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $6,835,000 Third Amended and Restated Term Note, $400,000 in principal amount at 13%
Schedule of Investments [Line Items]
Interest Rate		13.00%
Due Date		Nov. 22, 2027
Investment owned face amount		$ 400,000
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $7,035,000 Second Amended and Restated Term Note
Schedule of Investments [Line Items]
Investment owned face amount	[7],[8],[13],[14],[17],[25],[34]			$ 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]
Interest Rate	[7],[8],[13],[14],[17],[25],[34]			13.00%
Reference Rate and Spread (+), PIK	[7],[8],[13],[14],[17],[25],[34]			3.00%
Due Date	[7],[8],[13],[14],[17],[25],[34]			Nov. 22, 2027
Investment owned face amount	[7],[8],[13],[14],[17],[25],[34]			$ 2,215,000
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $7,035,000 Second Amended and Restated Term Note, $2,215,000 at 13% (+3% PIK), due November 22, 2027
Schedule of Investments [Line Items]
Interest Rate				13.00%
Reference Rate and Spread (+), PIK				3.00%
Due Date				Nov. 22, 2027
Investment owned face amount				$ 2,215,000
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	[7],[8],[13],[14],[17],[25],[30]			Nov. 22, 2022
Equity	[7],[8],[13],[14],[17],[25],[32]			15.00%
Cost	[7],[8],[13],[14],[17],[25]			$ 6,538,026
Fair Value	[3],[4],[7],[8],[13],[14],[17],[25]			$ 6,538,026
Total Investment percentage	[7],[8],[9],[13],[14],[17],[25]			10.80%
Interest Rate	[7],[8],[13],[14],[17],[25],[34]			12.00%
Due Date	[7],[8],[13],[14],[17],[25],[34]			Nov. 22, 2027
Investment owned face amount	[7],[8],[13],[14],[17],[25],[34]			$ 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				6,538,026		6,394,953
Investment owned face amount				7,035,000
Gross Additions	[19]			177,911
Gross Reductions	[21]			(34,838)
Amount of Interest/Dividend/Fee Income	[23]			892,470
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - $7,035,000 Third Amended and Restated Term Note, $4,820,000 at 12%, $1615,000 at 13%
Schedule of Investments [Line Items]
Fair Value		4,259,834		$ 6,538,026
Net Change in Unrealized Appreciation (Depreciation)		(3,331,662)
Gross Additions	[18]	1,053,470
Amount of Interest/Dividend/Fee Income	[22]	$ 680,361
Investment, Identifier [Axis]: BMP Food Service Supply Holdco, LLC - 15.4% Preferred Interest
Schedule of Investments [Line Items]
Date Acquired		Nov. 22, 2022	[5],[11],[12],[16],[24],[29]	Nov. 22, 2022	[7],[8],[13],[14],[17],[25],[30]
Cost		$ 497,619	[5],[11],[12],[16],[24]	$ 497,619	[7],[8],[13],[14],[17],[25]
Fair Value				$ 497,619	[3],[4],[7],[8],[13],[14],[17],[25]	1,000,000
Membership Interest		15.40%	[5],[11],[12],[16],[24],[33]	15.40%	[7],[8],[13],[14],[17],[25],[34]
Net Change in Unrealized Appreciation (Depreciation)		$ (497,619)		$ (610,000)
Gross Additions	[19]			107,619
Gross Reductions	[21]			$ 0
Investment, Identifier [Axis]: BMP Swanson Holdco, LLC - $1,600,000 Term Note
Schedule of Investments [Line Items]
Date Acquired		Mar. 04, 2021	[5],[11],[12],[16],[24],[29]	Mar. 04, 2021	[7],[8],[14],[17],[30]
Equity		9.00%	[5],[11],[12],[16],[24],[31]	9.00%	[7],[8],[14],[17],[32]
Cost		$ 1,721,459	[5],[11],[12],[16],[24]	$ 1,700,115	[7],[8],[14],[17]
Fair Value		$ 1,721,459	[1],[2],[5],[11],[12],[16],[24]	$ 1,700,115	[3],[4],[7],[8],[14],[17]
Total Investment percentage		4.60%	[5],[11],[16],[24]	3.80%	[7],[8],[9],[14],[17]
Interest Rate		5.00%	[5],[11],[12],[16],[24],[33]	12.00%	[7],[8],[14],[17],[34]
Reference Rate and Spread (+), PIK	[5],[11],[12],[16],[24],[33]	7.00%
Due Date		Jul. 31, 2026	[5],[11],[12],[16],[24],[33]	May 31, 2028	[7],[8],[14],[17],[34]
Investment owned face amount		$ 1,600,000	[5],[11],[12],[16],[24],[33]	$ 1,600,000	[7],[8],[14],[17],[34]
Investment, Identifier [Axis]: BMP Swanson Holdco, LLC - $1,600,000 Term Note Therefore 12%
Schedule of Investments [Line Items]
Interest Rate	[5],[11],[12],[16],[24],[33]	12.00%
Due Date	[5],[11],[12],[16],[24],[33]	Mar. 31, 2028
Investment, Identifier [Axis]: BMP Swanson Holdco, LLC - $1,600,000 Term Note at 12%
Schedule of Investments [Line Items]
Fair Value				$ 1,700,115		1,700,115
Interest Rate		12.00%		12.00%
Due Date		Mar. 31, 2028		May 31, 2028
Investment owned face amount				$ 1,600,000
Amount of Interest/Dividend/Fee Income	[23]			214,611
Investment, Identifier [Axis]: BMP Swanson Holdco, LLC - $1,600,000 Term Note at 5%
Schedule of Investments [Line Items]
Fair Value		$ 1,721,459		1,700,115
Gross Additions	[18]	21,344
Amount of Interest/Dividend/Fee Income	[22]	$ 159,819
Investment, Identifier [Axis]: BMP Swanson Holdco, LLC - $1,600,000 Term Note at 5% (+7% PIK) through July 31, 2026
Schedule of Investments [Line Items]
Interest Rate		5.00%
Reference Rate and Spread (+), PIK		7.00%
Due Date		Jul. 31, 2026
Investment owned face amount		$ 1,600,000
Investment, Identifier [Axis]: BMP Swanson Holdco, LLC - Preferred Membership Interest for 9.24%
Schedule of Investments [Line Items]
Date Acquired	[5],[11],[12],[16],[24],[29]	Mar. 04, 2021
Cost	[5],[11],[12],[16],[24]	$ 233,333
Fair Value		$ 750,000	[1],[2],[5],[11],[12],[16],[24]	$ 750,000		500,000
Membership Interest		9.24%	[5],[11],[12],[16],[24],[33]	9.24%
Net Change in Unrealized Appreciation (Depreciation)				$ 250,000
Investment, Identifier [Axis]: BMP Swanson Holdco, LLC - Preferred Membership Interest for 9.29%
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[14],[17],[30]			Mar. 04, 2021
Cost	[7],[8],[14],[17]			$ 233,333
Fair Value	[3],[4],[7],[8],[14],[17]			$ 750,000
Membership Interest	[7],[8],[14],[17],[34]			9.24%
Investment, Identifier [Axis]: BlackJet Direct Marketing, LLC - $2,250,000 Term Note
Schedule of Investments [Line Items]
Date Acquired	[5],[11],[12],[15],[16],[24],[29]	Sep. 12, 2025
Equity	[5],[11],[12],[15],[16],[24],[31]	6.00%
Cost	[5],[11],[12],[16],[24]	$ 2,251,187
Fair Value	[1],[2],[5],[11],[12],[16],[24]	$ 2,251,187
Total Investment percentage	[5],[11],[12],[16],[24]	4.70%
Interest Rate	[5],[11],[12],[16],[24],[33]	14.00%
Reference Rate and Spread (+), PIK	[5],[11],[12],[16],[24],[33]	1.00%
Due Date	[5],[11],[12],[16],[24],[33]	Dec. 12, 2030
Investment owned face amount	[5],[11],[12],[16],[24],[33]	$ 2,250,000
Gross Additions	[18]	2,251,187
Amount of Interest/Dividend/Fee Income	[22]	$ 18,209
Investment, Identifier [Axis]: BlackJet Direct Marketing, LLC - $2,250,000 Term Note at 14% (+1% PIK) due December 12, 2030
Schedule of Investments [Line Items]
Interest Rate		14.00%
Reference Rate and Spread (+), PIK		1.00%
Due Date		Dec. 12, 2030
Investment owned face amount		$ 2,250,000
Investment, Identifier [Axis]: BlackJet Direct Marketing, LLC - 5.55% Preferred Membership Interest
Schedule of Investments [Line Items]
Fair Value		$ 250,000
Membership Interest		5.55%
Gross Additions	[18]	$ 250,000
Investment, Identifier [Axis]: BlackJet Direct Marketing, LLC - Preferred Membership Interest for 5.55%
Schedule of Investments [Line Items]
Cost	[5],[11],[12],[16],[24]	250,000
Fair Value	[1],[2],[5],[11],[12],[16],[24]	$ 250,000
Membership Interest	[5],[11],[12],[16],[24],[33]	5.55%
Investment, Identifier [Axis]: Caitec, Inc. - $1,750,000 Subordinated Secured Promissory Note
Schedule of Investments [Line Items]
Date Acquired		Nov. 06, 2020	[5],[6],[11],[12],[29]	Nov. 06, 2020	[7],[8],[9],[10],[13],[30]
Equity		4.00%	[5],[6],[11],[12],[31]	4.00%	[7],[8],[9],[10],[13],[32]
Cost		$ 2,461,942	[5],[6],[11],[12]	$ 2,237,456	[7],[8],[9],[10],[13]
Fair Value		$ 2,461,942	[1],[2],[5],[6],[11],[12]	$ 2,237,456	[3],[4],[7],[8],[9],[10],[13]
Total Investment percentage		9.20%	[5],[6],[11],[12]	6.80%	[7],[8],[9],[10],[13]
Principle Amount		$ 1,750,000	[5],[6],[11],[12],[33]	$ 1,750,000	[7],[8],[9],[10],[13],[34]
Interest Rate	[5],[6],[11],[12],[33]	12.00%
Reference Rate and Spread (+), PIK	[5],[6],[11],[12],[33]	2.00%
Investment modified PIK	[7],[8],[9],[10],[13],[34]			14.00%
Due Date		Jul. 02, 2027	[5],[6],[11],[12],[33]	Dec. 31, 2024	[7],[8],[9],[10],[13],[34]
Investment, Identifier [Axis]: Caitec, Inc. - $1,750,000 Subordinated Secured Promissory Note One
Schedule of Investments [Line Items]
Date Acquired		Nov. 06, 2020	[5],[6],[11],[12],[29]	Nov. 06, 2020	[7],[8],[9],[10],[13],[30]
Cost		$ 2,461,942	[5],[6],[11],[12]	$ 2,237,456	[7],[8],[9],[10],[13]
Fair Value		2,461,942	[1],[2],[5],[6],[11],[12]	2,237,456	[3],[4],[7],[8],[9],[10],[13]
Principle Amount		$ 1,750,000	[5],[6],[11],[12],[33]	$ 1,750,000	[7],[8],[9],[10],[13],[34]
Interest Rate	[5],[6],[11],[12],[33]	12.00%
Reference Rate and Spread (+), PIK	[7],[8],[9],[10],[13],[34]			14.00%
Investment modified PIK	[5],[6],[11],[12],[33]	2.00%
Due Date		Jul. 02, 2027	[5],[6],[11],[12],[33]	Dec. 31, 2024	[7],[8],[9],[10],[13],[34]
Investment, Identifier [Axis]: Caitec, Inc. - $1,750,000 Subordinated Secured Promissory Note One to 12%
Schedule of Investments [Line Items]
Interest Rate	[7],[8],[9],[10],[13],[34]			12.00%
Reference Rate and Spread (+), PIK	[7],[8],[9],[10],[13],[34]			2.00%
Due Date	[7],[8],[9],[10],[13],[34]			Jun. 01, 2026
Investment, Identifier [Axis]: Caitec, Inc. - $1,750,000 Subordinated Secured Promissory Note to 12%
Schedule of Investments [Line Items]
Interest Rate	[7],[8],[9],[10],[13],[34]			12.00%
Reference Rate and Spread (+), PIK	[7],[8],[9],[10],[13],[34]			2.00%
Due Date	[7],[8],[9],[10],[13],[34]			Jun. 01, 2026
Investment, Identifier [Axis]: Caitec, Inc. - 150 Class A Units
Schedule of Investments [Line Items]
Date Acquired		Nov. 06, 2020	[5],[6],[11],[12],[29]	Nov. 06, 2020	[7],[8],[9],[10],[13],[30]
Cost		$ 150,000	[5],[6],[11],[12]	$ 150,000	[7],[8],[9],[10],[13]
Number of Shares Owned | shares	[7],[8],[9],[10],[13],[34]			150
Number of Units Owned | Units	[5],[6],[11],[12],[33]	150
Investment, Identifier [Axis]: Caitec, Inc. - 150 Class A Units One
Schedule of Investments [Line Items]
Date Acquired		Nov. 06, 2020	[5],[6],[11],[12],[29]	Nov. 06, 2020	[7],[8],[9],[10],[13],[30]
Cost		$ 150,000	[5],[6],[11],[12]	$ 150,000	[7],[8],[9],[10],[13]
Number of Shares Owned | shares		150	[5],[6],[11],[12],[33]	150	[7],[8],[9],[10],[13],[34]
Investment, Identifier [Axis]: Caitec, Inc. - 36,261 Series A Preferred
Schedule of Investments [Line Items]
Date Acquired		Dec. 28, 2023	[5],[6],[11],[16],[29]	Dec. 28, 2023	[7],[8],[9],[10],[13],[30]
Cost		$ 36,261	[5],[6],[11],[12]	$ 36,261	[7],[8],[9],[10],[13]
Number of Shares Owned | shares		36,261	[5],[6],[11],[16],[33]	36,261	[7],[8],[9],[10],[13],[34]
Investment, Identifier [Axis]: Caitec, Inc. - 36,261 Series A Preferred One
Schedule of Investments [Line Items]
Date Acquired		Dec. 28, 2023	[5],[6],[11],[12],[29]	Dec. 28, 2023	[7],[8],[9],[10],[13],[30]
Cost		$ 36,261	[5],[6],[11],[12]	$ 36,261	[7],[8],[9],[10],[13]
Number of Shares Owned | shares		36,261	[5],[6],[11],[12],[33]	36,261	[7],[8],[9],[10],[13],[34]
Investment, Identifier [Axis]: Carolina Skiff LLC - 6.0825% Class A Common
Schedule of Investments [Line Items]
Date Acquired	[5],[11],[15],[16],[24],[29]	Jan. 30, 2004
Equity	[5],[11],[15],[16],[24],[31]	7.00%
Cost	[5],[11],[15],[16],[24]	$ 15,000
Fair Value	[1],[2],[5],[11],[15],[16],[24]	$ 765,245
Total Investment percentage	[5],[11],[15],[16],[24]	1.50%
Membership Interest	[5],[11],[15],[16],[24],[33]	6.0825%
Investment, Identifier [Axis]: Carolina Skiff LLC - 6.0825% Class A Common Membership Interest
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[10],[14],[17],[30]			Jan. 30, 2004
Equity	[7],[8],[10],[14],[17],[32]			7.00%
Cost	[7],[8],[10],[14],[17]			$ 15,000
Fair Value		$ 765,245		$ 1,208,000	[3],[4],[7],[8],[10],[14],[17]	1,708,000
Total Investment percentage	[7],[8],[9],[10],[14],[17]			1.80%
Number of Shares Owned | shares	[7],[8],[10],[14],[17],[34]			6.0825
Membership Interest		6.0825%		6.0825%
Net Change in Unrealized Appreciation (Depreciation)		$ (442,755)		$ (500,000)
Investment, Identifier [Axis]: Carolina Skiff LLC - 6.62% Premium Preferred Interest.
Schedule of Investments [Line Items]
Date Acquired	[5],[11],[15],[16],[24],[29]	Apr. 29, 2025
Cost	[5],[11],[15],[16],[24]	$ 34,755
Fair Value	[1],[2],[5],[11],[15],[16],[24]	$ 34,755
Membership Interest	[5],[11],[15],[16],[24],[33]	6.62%
Gross Additions	[18]	$ 34,755
Investment, Identifier [Axis]: DSD Operating, LLC - $3,063,276 Term Note at 12% (+2% PIK) due September 30, 2026
Schedule of Investments [Line Items]
Interest Rate				12.00%
Reference Rate and Spread (+), PIK				2.00%
Due Date				Sep. 30, 2026
Investment owned face amount				$ 3,063,276
Investment, Identifier [Axis]: DSD Operating, LLC - 1,067 Class A Preferred shares
Schedule of Investments [Line Items]
Number of Shares Owned | shares				1,067
Net Realized Gains (Losses)				$ 23,699
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 - $3,380,000 Term Note at 13%
Schedule of Investments [Line Items]
Date Acquired		Jul. 31, 2023	[5],[11],[12],[16],[29]	Jul. 31, 2023	[7],[8],[13],[17],[30]
Equity		12.00%	[5],[11],[12],[16],[31]	12.00%	[7],[8],[13],[17],[32]
Cost		$ 3,380,000	[5],[11],[12],[16]	$ 3,380,000	[7],[8],[13],[17]
Fair Value		$ 3,380,000	[1],[2],[5],[11],[12],[16]	$ 3,380,000	[3],[4],[7],[8],[13],[17]	3,380,000
Total Investment percentage		7.30%	[5],[11],[12],[16]	5.20%	[7],[8],[9],[13],[17]
Principle Amount		$ 3,380,000		$ 3,380,000
Interest Rate		13.00%	[5],[11],[12],[16],[33]	13.00%	[7],[8],[13],[17],[34]
Due Date		Jul. 31, 2028	[5],[11],[12],[16],[33]	Jul. 31, 2028	[7],[8],[13],[17],[34]
Investment owned face amount		$ 3,380,000	[5],[11],[12],[16],[33]	$ 3,380,000	[7],[8],[13],[17],[34]
Amount of Interest/Dividend/Fee Income		$ 356,200	[22]	$ 473,513	[23]
Investment, Identifier [Axis]: FCM Industries Holdco LLC - $420,000 Convertible Note at 10%
Schedule of Investments [Line Items]
Date Acquired		Jul. 31, 2023	[5],[11],[12],[16],[29]	Jul. 31, 2023	[7],[8],[13],[17],[30]
Cost		$ 522,868	[5],[11],[12],[16]	$ 484,837	[7],[8],[13],[17]
Fair Value		522,868	[1],[2],[5],[11],[12],[16]			438,156
Principle Amount		$ 420,000		$ 420,000
Reference Rate and Spread (+), PIK		10.00%	[5],[11],[12],[16],[33]	10.00%	[7],[8],[13],[17],[34]
Due Date		Jul. 31, 2033	[5],[11],[12],[16],[33]	Jul. 31, 2033	[7],[8],[13],[17],[34]
Investment owned face amount		$ 420,000	[5],[11],[12],[16],[33]	$ 420,000	[7],[8],[13],[17],[34]
Net Change in Unrealized Appreciation (Depreciation)		484,837		(484,837)
Gross Additions		38,031	[18]	46,681	[19]
Amount of Interest/Dividend/Fee Income		$ 38,031	[22]	46,681	[23]
Investment, Identifier [Axis]: Filterworks Acquisition USA, LLC - $2,283,702 Amended Term Note
Schedule of Investments [Line Items]
Fair Value				2,928,648		2,880,946
Gross Additions	[19]			253,952
Gross Reductions	[21]			(206,250)
Amount of Interest/Dividend/Fee Income	[23]			428,268
Investment, Identifier [Axis]: Filterworks Acquisition USA, LLC - $2,283,702 Amended Term Note at 6% (+8% PIK) through March 31, 2025
Schedule of Investments [Line Items]
Principle Amount				$ 2,283,702
Interest Rate				6.00%
Reference Rate and Spread (+), PIK				8.00%
Due Date				Mar. 31, 2025
Investment, Identifier [Axis]: Filterworks Acquisition USA, LLC - 417.7 shares Class A-0 Units
Schedule of Investments [Line Items]
Fair Value						139,232
Number of Shares Owned | shares				417.7
Net Change in Unrealized Appreciation (Depreciation)				$ (139,232)
Investment, Identifier [Axis]: Filterworks Acquisition USA, LLC - 626.2 shares Class A-1 Units
Schedule of Investments [Line Items]
Fair Value						256,994
Number of Shares Owned | shares				626.2
Net Change in Unrealized Appreciation (Depreciation)				$ (256,994)
Investment, Identifier [Axis]: Filterworks Acquisition USA, LLC - thereafter 12% (+2% PIK) due March 31, 2026
Schedule of Investments [Line Items]
Interest Rate				12.00%
Reference Rate and Spread (+), PIK				2.00%
Due Date				Mar. 31, 2026
Investment, Identifier [Axis]: Filterworks Acquisition USA, LLC d/b/a Autotality - $2,283,702 Amended Term Note
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[13],[14],[17],[25],[30]			Nov. 18, 2019
Equity	[7],[8],[13],[14],[17],[25],[32]			8.00%
Cost	[7],[8],[13],[14],[17],[25]			$ 2,928,648
Fair Value	[3],[4],[7],[8],[13],[14],[17],[25]			$ 2,928,648
Total Investment percentage	[7],[8],[9],[13],[14],[17],[25]			4.50%
Investment owned face amount	[7],[8],[13],[14],[17],[25],[34]			$ 2,283,702
Investment, Identifier [Axis]: Filterworks Acquisition USA, LLC d/b/a Autotality - $2,283,702 Amended Term Note Thereafter
Schedule of Investments [Line Items]
Interest Rate	[7],[8],[13],[14],[17],[25],[34]			12.00%
Reference Rate and Spread (+), PIK	[7],[8],[13],[14],[17],[25],[34]			2.00%
Due Date	[7],[8],[13],[14],[17],[25],[34]			Mar. 31, 2026
Investment, Identifier [Axis]: Filterworks Acquisition USA, LLC d/b/a Autotality - $2,283,702 Amended Term Note Through March 31, 2025
Schedule of Investments [Line Items]
Interest Rate	[7],[8],[13],[14],[17],[25],[34]			6.00%
Reference Rate and Spread (+), PIK	[7],[8],[13],[14],[17],[25],[34]			8.00%
Due Date	[7],[8],[13],[14],[17],[25],[34]			Mar. 31, 2025
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	[7],[8],[13],[14],[17],[25],[30]			Jun. 03, 2022
Cost	[7],[8],[13],[14],[17],[25]			$ 626,243
Number of Shares Owned | shares	[7],[8],[13],[14],[17],[25],[34]			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	[7],[8],[13],[14],[17],[25],[30]			Sep. 30, 2022
Cost	[7],[8],[13],[14],[17],[25]			$ 139,232
Number of Shares Owned | shares	[7],[8],[13],[14],[17],[25],[34]			417.7
Investment, Identifier [Axis]: GoNoodle, Inc. - 1,500,000 Secured Note
Schedule of Investments [Line Items]
Date Acquired		Nov. 01, 2019	[5],[6],[11],[12],[29]	Nov. 01, 2019	[7],[8],[9],[13],[30]
Equity		1.00%	[5],[6],[11],[12],[31]	1.00%	[7],[8],[9],[13],[32]
Cost		$ 1,451,082	[5],[6],[11],[12]	$ 1,440,252	[7],[8],[9],[13]
Fair Value		$ 1,451,082	[1],[2],[5],[6],[11],[12]	$ 1,440,252	[3],[4],[7],[8],[9],[13]
Total Investment percentage		2.70%	[5],[6],[11],[12]	2.20%	[7],[8],[9],[13]
Principle Amount		$ 1,500,000	[5],[6],[11],[12],[33]	$ 1,500,000	[7],[8],[9],[13],[34]
Interest Rate		12.00%	[5],[6],[11],[12],[33]	12.00%	[7],[8],[9],[13],[34]
Reference Rate and Spread (+), PIK		1.00%	[5],[6],[11],[12],[33]	1.00%	[7],[8],[9],[13],[34]
Due Date		Dec. 31, 2025	[5],[6],[11],[12],[33]	Sep. 30, 2025	[7],[8],[9],[13],[34]
Investment, Identifier [Axis]: GoNoodle, Inc. - Warrant for 21,948 Series D Preferred
Schedule of Investments [Line Items]
Date Acquired		Nov. 01, 2019	[5],[6],[16],[20],[29]	Nov. 01, 2019	[7],[8],[9],[13],[30]
Cost		$ 38	[5],[6],[16],[20]	$ 38	[7],[8],[9],[13]
Fair Value		$ 38	[1],[2],[5],[6],[16],[20]	$ 38	[3],[4],[7],[8],[9],[13]
Number of Warrants Owned | Units		21,948	[5],[6],[16],[20],[33]	21,948	[7],[8],[9],[13],[34]
Investment, Identifier [Axis]: GoNoodle, Inc. - Warrant for 47,324 Series C Preferred
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[9],[13],[30]			Mar. 01, 2015
Cost	[7],[8],[9],[13]			$ 25
Fair Value	[3],[4],[7],[8],[9],[13]			$ 25
Number of Warrants Owned | Units	[7],[8],[9],[13],[34]			47,324
Investment, Identifier [Axis]: HDI Acquisition LLC. - $1,245,119 Term Loan
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[9],[13],[30]			Nov. 08, 2019
Equity	[7],[8],[9],[13],[32]			0.00%
Cost	[7],[8],[9],[13]			$ 1,071,824
Fair Value	[3],[4],[7],[8],[9],[13]			$ 1,071,824
Total Investment percentage	[7],[8],[9],[13]			1.60%
Principle Amount	[7],[8],[9],[13],[34]			$ 1,245,119
Interest Rate	[7],[8],[9],[13],[34]			12.00%
Reference Rate and Spread (+), PIK	[7],[8],[9],[13],[34]			2.00%
Due Date	[7],[8],[9],[13],[34]			Jun. 30, 2025
Investment, Identifier [Axis]: Highland All About People Holdings, Inc. - $3,000,000 Term Note at 12%
Schedule of Investments [Line Items]
Date Acquired		Aug. 07, 2023	[5],[11],[12],[16],[29]	Aug. 07, 2023	[7],[8],[13],[17],[30]
Equity		12.00%	[5],[11],[12],[16],[31]	12.00%	[7],[8],[13],[17],[32]
Cost		$ 3,272,380	[5],[11],[12],[16]	$ 3,175,091	[7],[8],[13],[17]
Fair Value		$ 3,272,380	[1],[2],[5],[11],[12],[16]	$ 3,175,091	[3],[4],[7],[8],[13],[17]	3,049,187
Total Investment percentage		7.20%	[5],[11],[12],[16]	5.80%	[7],[8],[9],[13],[17]
Principle Amount		$ 3,000,000		$ 3,000,000
Interest Rate		12.00%	[5],[11],[12],[16],[33]	12.00%	[7],[8],[13],[17],[34]
Reference Rate and Spread (+), PIK		4.00%	[5],[11],[12],[16],[33]	4.00%	[7],[8],[13],[17],[34]
Due Date		Aug. 07, 2028	[5],[11],[12],[16],[33]	Aug. 07, 2028	[7],[8],[13],[17],[34]
Investment owned face amount		$ 3,000,000	[5],[11],[12],[16],[33]	$ 3,000,000	[7],[8],[13],[17],[34]
Gross Additions		97,289	[18]	125,904	[19]
Amount of Interest/Dividend/Fee Income		$ 398,153	[22]	$ 515,616	[23]
Investment, Identifier [Axis]: Highland All About People Holdings, Inc. - 1,000,000 Class A Units
Schedule of Investments [Line Items]
Date Acquired		Aug. 07, 2023	[5],[11],[12],[16],[29]	Aug. 07, 2023	[7],[8],[13],[17],[30]
Cost		$ 1,000,000	[5],[11],[12],[16]	$ 1,000,000	[7],[8],[13],[17]
Fair Value		$ 600,000	[1],[2],[5],[11],[12],[16]	$ 600,000	[3],[4],[7],[8],[13],[17]	1,000,000
Number of Shares Owned | shares		1,000,000	[5],[11],[12],[16],[33]	1,000,000	[7],[8],[13],[17],[34]
Net Change in Unrealized Appreciation (Depreciation)				$ (400,000)
Investment, Identifier [Axis]: ITA Acquisition, LLC - $1,500,000 Term Note
Schedule of Investments [Line Items]
Date Acquired	[5],[11],[12],[24],[27],[29]	Jun. 22, 2021
Cost	[5],[11],[12],[24],[27]	$ 1,820,910
Fair Value		584,186	[1],[2],[5],[11],[12],[24],[27]	857,032		1,652,252
Net Change in Unrealized Appreciation (Depreciation)		(272,846)		(963,878)
Gross Additions	[19]			168,658
Amount of Interest/Dividend/Fee Income		$ 6,000	[22]	$ 279,343	[23]
Investment, Identifier [Axis]: ITA Acquisition, LLC - $1,500,000 Term Note at 12%
Schedule of Investments [Line Items]
Interest Rate		12.00%		12.00%
Reference Rate and Spread (+), PIK		2.00%		2.00%
Due Date		Jun. 21, 2026		Jun. 21, 2026
Investment, Identifier [Axis]: ITA Acquisition, LLC - $1,500,000 Term Note at 14% PIK through March 31, 2026
Schedule of Investments [Line Items]
Principle Amount		$ 1,500,000
Reference Rate and Spread (+), PIK	[5],[11],[12],[24],[27],[33]	14.00%
Due Date	[5],[11],[12],[24],[27],[33]	Mar. 31, 2026
Investment owned face amount	[5],[11],[12],[24],[27],[33]	$ 1,500,000
Investment, Identifier [Axis]: ITA Acquisition, LLC - $1,500,000 Term Note at 3% (+11% PIK) through December 31, 2024
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[13],[14],[28],[30]			Jun. 22, 2021
Cost	[7],[8],[13],[14],[28]			$ 1,820,910
Fair Value	[3],[4],[7],[8],[13],[14],[28]			857,032
Principle Amount				$ 1,500,000
Interest Rate	[7],[8],[13],[14],[28],[34]			3.00%
Reference Rate and Spread (+), PIK	[7],[8],[13],[14],[28],[34]			11.00%
Due Date	[7],[8],[13],[14],[28],[34]			Dec. 31, 2024
Investment owned face amount	[7],[8],[13],[14],[28],[34]			$ 1,500,000
Investment, Identifier [Axis]: ITA Acquisition, LLC - $1,500,000 Term Note at Thereafter 12%
Schedule of Investments [Line Items]
Interest Rate		12.00%	[5],[11],[12],[24],[27],[33]	12.00%	[7],[8],[13],[14],[28],[34]
Reference Rate and Spread (+), PIK		2.00%	[5],[11],[12],[24],[27],[33]	2.00%	[7],[8],[13],[14],[28],[34]
Due Date		Jun. 21, 2026	[5],[11],[12],[24],[27],[33]	Jun. 21, 2026	[7],[8],[13],[14],[28],[34]
Investment, Identifier [Axis]: ITA Acquisition, LLC - $2,297,808 Fourth Amended and Restated Term Note
Schedule of Investments [Line Items]
Fair Value				$ 1,642,968		2,496,708
Net Change in Unrealized Appreciation (Depreciation)				(1,601,252)
Gross Additions	[19]			747,512
Amount of Interest/Dividend/Fee Income	[23]			$ 472,494
Investment, Identifier [Axis]: ITA Acquisition, LLC - $2,297,808 Fourth Amended and Restated Term Note at 12%
Schedule of Investments [Line Items]
Interest Rate	[7],[8],[13],[14],[28],[34]			12.00%
Reference Rate and Spread (+), PIK	[7],[8],[13],[14],[28],[34]			2.00%
Due Date	[7],[8],[13],[14],[28],[34]			Jun. 21, 2026
Investment, Identifier [Axis]: ITA Acquisition, LLC - $2,297,808 Fourth Amended and Restated Term Note at 3%
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[13],[14],[28],[30]			Jun. 22, 2021
Equity	[7],[8],[13],[14],[28],[32]			37.00%
Cost	[7],[8],[13],[14],[28]			$ 3,244,220
Fair Value	[3],[4],[7],[8],[13],[14],[28]			$ 1,642,968
Total Investment percentage	[7],[13],[28]			3.80%
Investment owned face amount	[7],[8],[13],[14],[28],[34]			$ 2,297,808
Investment, Identifier [Axis]: ITA Acquisition, LLC - $2,297,808 Fourth Amended and Restated Term Note at 3% (+11% PIK) through December 30, 2024
Schedule of Investments [Line Items]
Interest Rate	[7],[8],[13],[14],[28],[34]			3.00%
Reference Rate and Spread (+), PIK	[7],[8],[13],[14],[28],[34]			11.00%
Due Date	[7],[8],[13],[14],[28],[34]			Dec. 31, 2024
Investment, Identifier [Axis]: ITA Acquisition, LLC - $2,297,808 Fourth Amended and Restated Term Note at 3% (+11% PIK) through December 31, 2024
Schedule of Investments [Line Items]
Principle Amount				$ 2,297,808
Interest Rate				3.00%
Reference Rate and Spread (+), PIK				11.00%
Due Date				Dec. 31, 2024
Investment, Identifier [Axis]: ITA Acquisition, LLC - $2,672,808 Fifth Amended and Restated Term Note
Schedule of Investments [Line Items]
Date Acquired	[5],[11],[12],[24],[27],[29]	Jun. 22, 2021
Equity	[5],[11],[12],[24],[27],[31]	37.00%
Cost	[5],[11],[12],[24],[27]	$ 3,619,220
Fair Value		$ 1,415,814	[1],[2],[5],[11],[12],[24],[27]	$ 1,642,968
Total Investment percentage	[5],[11],[12],[24],[27]	3.70%
Net Change in Unrealized Appreciation (Depreciation)		$ (602,154)
Gross Additions	[18]	375,000
Amount of Interest/Dividend/Fee Income	[22]	$ 33,943
Investment, Identifier [Axis]: ITA Acquisition, LLC - $2,672,808 Fifth Amended and Restated Term Note at 12%
Schedule of Investments [Line Items]
Interest Rate	[5],[11],[12],[24],[27],[33]	12.00%
Reference Rate and Spread (+), PIK	[5],[11],[12],[24],[27],[33]	2.00%
Due Date	[5],[11],[12],[24],[27],[33]	Jun. 21, 2026
Investment, Identifier [Axis]: ITA Acquisition, LLC - $2,672,808 Fifth Amended and Restated Term Note at 14% PIK through March 31, 2026
Schedule of Investments [Line Items]
Principle Amount		$ 2,672,808
Reference Rate and Spread (+), PIK	[5],[11],[12],[24],[27],[33]	14.00%
Due Date	[5],[11],[12],[24],[27],[33]	Mar. 31, 2026
Investment owned face amount	[5],[11],[12],[24],[27],[33]	$ 2,672,808
Investment, Identifier [Axis]: ITA Acquisition, LLC - 1,124 Class A Preferred Units
Schedule of Investments [Line Items]
Number of Shares Owned | shares		1,124	[5],[11],[12],[24],[27],[33]	1,124	[7],[8],[13],[14],[28],[34]
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	[5],[11],[12],[24],[27],[29]	Jun. 22, 2021	[7],[8],[13],[14],[28],[30]
Cost		$ 1,123,810	[5],[11],[12],[24],[27]	$ 1,123,810	[7],[8],[13],[14],[28]
Investment, Identifier [Axis]: ITA Acquisition, LLC 1,124 ITA Acquisition, LLC - 1,924 Class B Common Units.
Schedule of Investments [Line Items]
Number of Shares Owned | shares		1,924		1,924
Investment, Identifier [Axis]: ITA Acquisition, LLC 1,924 Class B Common Units
Schedule of Investments [Line Items]
Number of Shares Owned | shares		1,924	[5],[11],[12],[24],[27],[33]	1,924	[7],[8],[13],[14],[28],[34]
Investment, Identifier [Axis]: Inter-National Electronic Alloys - $3,288,235 Term Note at 12% (+1% PIK)
Schedule of Investments [Line Items]
Principle Amount		$ 3,288,235
Interest Rate		12.00%
Reference Rate and Spread (+), PIK		1.00%
Due Date		Apr. 04, 2028
Investment, Identifier [Axis]: Inter-National Electronic Alloys LLC - $3,288,235 Term Note at 12%
Schedule of Investments [Line Items]
Fair Value				$ 3,372,069		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	[19]			$ 33,995
Amount of Interest/Dividend/Fee Income	[23]			457,071
Investment, Identifier [Axis]: Inter-National Electronic Alloys LLC - $3,288,235 Term Note at 12% (+1% PIK)
Schedule of Investments [Line Items]
Fair Value		$ 3,389,246		3,372,069
Gross Additions	[18]	17,177
Amount of Interest/Dividend/Fee Income	[22]	334,337
Investment, Identifier [Axis]: Inter-National Electronic Alloys LLC - 75.3 Class B Preferred Units
Schedule of Investments [Line Items]
Fair Value		$ 1,500,000		$ 1,011,765		1,011,765
Number of Shares Owned | shares		75.3		75.3
Net Change in Unrealized Appreciation (Depreciation)		$ 488,235
Investment, Identifier [Axis]: Inter-National Electronic Alloys LLC d/b/a EFINEA - $3,288,235 Term Note
Schedule of Investments [Line Items]
Date Acquired		Apr. 04, 2023	[5],[11],[12],[16],[24],[29]	Apr. 04, 2023	[7],[8],[13],[14],[17],[30]
Equity		6.00%	[5],[11],[12],[16],[24],[31]	6.00%	[7],[8],[13],[14],[17],[32]
Cost		$ 3,389,246	[5],[11],[12],[16],[24]	$ 3,372,069	[7],[8],[13],[14],[17]
Fair Value		$ 3,389,246	[1],[2],[5],[11],[12],[16],[24]	$ 3,372,069	[3],[4],[7],[8],[13],[14],[17]
Total Investment percentage		9.10%	[5],[11],[12],[16],[24]	6.70%	[7],[8],[9],[13],[14],[17]
Interest Rate		12.00%	[5],[11],[12],[16],[24],[33]	12.00%	[7],[8],[13],[14],[17],[34]
Reference Rate and Spread (+), PIK		1.00%	[5],[11],[12],[16],[24],[33]	2.00%	[7],[8],[13],[14],[17],[34]
Due Date		Apr. 04, 2028	[5],[11],[12],[16],[24],[33]	Apr. 04, 2028	[7],[8],[13],[14],[17],[34]
Investment owned face amount		$ 3,288,235	[5],[11],[12],[16],[24],[33]	$ 3,288,235	[7],[8],[13],[14],[17],[34]
Investment, Identifier [Axis]: Inter-National Electronic Alloys LLC d/b/a EFINEA - 75.3 Class B Preferred Units
Schedule of Investments [Line Items]
Date Acquired		Apr. 04, 2023	[5],[11],[12],[16],[24],[29]	Apr. 04, 2023	[7],[8],[13],[14],[17],[30]
Cost		$ 1,011,765	[5],[11],[12],[16],[24]	$ 1,011,765	[7],[8],[13],[14],[17]
Fair Value		$ 1,500,000	[1],[2],[5],[11],[12],[16],[24]	$ 1,011,765	[3],[4],[7],[8],[13],[14],[17]
Number of Shares Owned | shares		75.3	[5],[11],[12],[16],[24],[33]	75.3	[7],[8],[13],[14],[17],[34]
Investment, Identifier [Axis]: Knoa Software, Inc. - 1,876,922 Series B Preferred
Schedule of Investments [Line Items]
Fair Value						100,000
Number of Shares Owned | shares				1,876,922
Net Change in Unrealized Appreciation (Depreciation)				$ 1,129,155
Gross Reductions	[21]			(1,229,155)
Net Realized Gains (Losses)				$ (1,229,155)
Investment, Identifier [Axis]: Knoa Software, Inc. - 973,533 Series A-1 Convertible Preferred
Schedule of Investments [Line Items]
Number of Shares Owned | shares				973,533
Investment, Identifier [Axis]: Lumious - $850,000 Replacement Term Note
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[9],[30]			Nov. 16, 2018
Equity	[7],[8],[9],[32]			0.00%
Cost	[7],[8],[9]			$ 789,944
Fair Value	[3],[4],[7],[8],[9]			$ 789,944
Total Investment percentage	[7],[8],[9]			1.20%
Principle Amount	[7],[8],[9],[34]			$ 850,000
Interest Rate	[7],[8],[9],[34]			14.00%
Due Date	[7],[8],[9],[34]			Dec. 01, 2025
Investment, Identifier [Axis]: Mattison Avenue Holdings LLC - $5,500,000 Term Note
Schedule of Investments [Line Items]
Interest Rate	[7],[8],[9],[34]			14.00%
Due Date	[7],[8],[9],[34]			Jun. 25, 2027
Investment, Identifier [Axis]: Mattison Avenue Holdings LLC. - $1,794,944 Third Amended, Restated and Consolidated Promissory Note
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[9],[30]			Mar. 28, 2024
Equity	[7],[8],[9],[32]			0.00%
Cost	[7],[8],[9]			$ 5,572,902
Fair Value	[3],[4],[7],[8],[9]			$ 5,572,902
Total Investment percentage	[7],[8],[9]			8.50%
Principle Amount	[7],[8],[9],[34]			$ 5,500,000
Investment, Identifier [Axis]: Mezmeriz, Inc. - 1,554,565 Series Seed Preferred
Schedule of Investments [Line Items]
Number of Shares Owned | shares				1,554,565
Net Change in Unrealized Appreciation (Depreciation)				$ 742,850
Gross Reductions	[21]			(742,850)
Net Realized Gains (Losses)				(742,850)
Investment, Identifier [Axis]: Microcision LLC - Membership Interest Purchase Warrant for 5%
Schedule of Investments [Line Items]
Membership Interest		5.00%
Net Realized Gains (Losses)		$ 55,357
Investment, Identifier [Axis]: Mobile RN Holdings LLC - $2,500,000 Term Note at 14%
Schedule of Investments [Line Items]
Fair Value		2,525,373		2,506,319
Principle Amount		$ 2,500,000		$ 2,500,000
Interest Rate		14.00%		14.00%
Reference Rate and Spread (+), PIK		1.00%		1.00%
Due Date		Oct. 02, 2029		Oct. 02, 2029
Gross Additions		$ 19,054	[18]	$ 2,506,319	[19]
Amount of Interest/Dividend/Fee Income		295,417	[22]	97,667	[23]
Investment, Identifier [Axis]: Mobile RN Holdings LLC - 6,375 Class A Common Units
Schedule of Investments [Line Items]
Fair Value		$ 500,000		$ 375,000
Number of Shares Owned | shares		6,375		6,375
Net Change in Unrealized Appreciation (Depreciation)		$ 125,000
Gross Additions	[19]			$ 375,000
Investment, Identifier [Axis]: Mobile RN Holdings LLC d/b/a Mobile IV Nurses - $2,500,000 Term Note
Schedule of Investments [Line Items]
Date Acquired		Oct. 02, 2024	[5],[11],[12],[16],[24],[29]	Oct. 02, 2024	[7],[8],[13],[14],[17],[30]
Equity		6.00%	[5],[11],[12],[16],[24],[31]	6.00%	[7],[8],[13],[14],[17],[32]
Cost		$ 2,525,373	[5],[11],[12],[16],[24]	$ 2,506,319	[7],[8],[13],[14],[17]
Fair Value		$ 2,525,373	[1],[2],[5],[11],[12],[16],[24]	$ 2,506,319	[3],[4],[7],[8],[13],[14],[17]
Total Investment percentage		5.60%	[5],[11],[12],[16],[24]	4.40%	[7],[8],[13],[14],[17]
Interest Rate		14.00%	[5],[11],[12],[16],[24],[33]	14.00%	[7],[8],[13],[14],[17],[34]
Reference Rate and Spread (+), PIK		1.00%	[5],[11],[12],[16],[24],[33]	1.00%	[7],[8],[13],[14],[17],[34]
Due Date		Oct. 02, 2029	[5],[11],[12],[16],[24],[33]	Oct. 02, 2029	[7],[8],[13],[14],[17],[34]
Investment owned face amount		$ 2,500,000	[5],[11],[12],[16],[24],[33]	$ 2,500,000	[7],[8],[13],[14],[17],[34]
Investment, Identifier [Axis]: Mobile RN Holdings LLC d/b/a Mobile IV Nurses - 6,375 Class A Common Units
Schedule of Investments [Line Items]
Date Acquired		Oct. 02, 2024	[5],[11],[12],[16],[24],[29]	Oct. 02, 2024	[7],[8],[13],[14],[17],[30]
Cost		$ 375,000	[5],[11],[12],[16],[24]	$ 375,000	[7],[8],[13],[14],[17]
Fair Value		$ 500,000	[1],[2],[5],[11],[12],[16],[24]	$ 375,000	[3],[4],[7],[8],[13],[14],[17]
Number of Shares Owned | shares		6,375	[5],[11],[12],[16],[24],[33]	6,375	[7],[8],[13],[14],[17],[34]
Investment, Identifier [Axis]: Mountain Regional Equipment Solutions - $3,000,000 Term Note
Schedule of Investments [Line Items]
Date Acquired		Jan. 16, 2024	[5],[11],[12],[15],[16],[24],[29]	Jan. 16, 2024	[7],[8],[9],[14],[30]
Equity		7.00%	[5],[11],[12],[15],[16],[24],[31]	4.00%	[7],[8],[9],[14],[32]
Cost		$ 3,311,419	[5],[11],[12],[15],[16],[24]	$ 2,952,000	[7],[8],[9],[14]
Fair Value		$ 2,120,067	[1],[2],[5],[11],[12],[15],[16],[24]	$ 2,500,000	[3],[4],[7],[8],[9],[14]
Total Investment percentage		4.00%	[5],[11],[12],[15],[16],[24]	3.80%	[7],[8],[9],[14]
Principle Amount	[7],[8],[9],[14],[34]			$ 3,000,000
Interest Rate	[7],[8],[9],[14],[34]			14.00%
Due Date	[7],[8],[9],[14],[34]			Jan. 16, 2029
Investment, Identifier [Axis]: Mountain Regional Equipment Solutions - $3,000,000 Term Note Thereafter 14%
Schedule of Investments [Line Items]
Interest Rate	[5],[11],[12],[15],[16],[24],[33]	14.00%
Due Date	[5],[11],[12],[15],[16],[24],[33]	Jan. 16, 2029
Investment, Identifier [Axis]: Mountain Regional Equipment Solutions - $3,000,000 Term Note at 14% PIK
Schedule of Investments [Line Items]
Fair Value		$ 2,120,067
Net Change in Unrealized Appreciation (Depreciation)		(739,352)
Gross Additions	[18]	2,859,419
Amount of Interest/Dividend/Fee Income	[22]	368,419
Investment, Identifier [Axis]: Mountain Regional Equipment Solutions - $3,000,000 Term Note at 14% PIK through December 31, 2025
Schedule of Investments [Line Items]
Principle Amount		$ 3,000,000
Reference Rate and Spread (+), PIK	[5],[11],[12],[15],[16],[24],[33]	14.00%
Due Date	[5],[11],[12],[15],[16],[24],[33]	Dec. 31, 2025
Investment owned face amount	[5],[11],[12],[15],[16],[24],[33]	$ 3,000,000
Investment, Identifier [Axis]: Mountain Regional Equipment Solutions - 37,991 Common Units
Schedule of Investments [Line Items]
Date Acquired		Jan. 16, 2024	[5],[11],[12],[15],[16],[24],[29]	Jan. 16, 2024	[7],[8],[9],[14],[30]
Cost		$ 204,545	[5],[11],[12],[15],[16],[24]	$ 204,545	[7],[8],[9],[14]
Number of Shares Owned | shares		37,991	[5],[11],[12],[15],[16],[24],[33]	37,991	[7],[8],[9],[14],[34]
Investment, Identifier [Axis]: Mountain Regional Equipment Solutions - Warrant for 1% Membership Interest
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[9],[14],[30]			Jan. 16, 2024
Cost	[7],[8],[9],[14]			$ 60,000
Membership Interest	[7],[8],[9],[14],[34]			1.00%
Investment, Identifier [Axis]: Mountain Regional Equipment Solutions - Warrant for 4% Membership Interest
Schedule of Investments [Line Items]
Date Acquired	[5],[11],[12],[15],[16],[24],[29]	Jan. 16, 2024
Cost	[5],[11],[12],[15],[16],[24]	$ 60,000
Membership Interest	[5],[11],[12],[15],[16],[24],[33]	4.00%
Investment warrant rate		4.00%
Investment, Identifier [Axis]: OnCore Golf Technology, Inc. - 300,483 Preferred AA
Schedule of Investments [Line Items]
Date Acquired		Nov. 30, 2018	[5],[6],[11],[15],[29]	Nov. 30, 2018	[7],[8],[9],[10],[30]
Equity		2.00%	[5],[6],[11],[15],[31]	3.00%	[7],[8],[9],[10],[32]
Cost		$ 752,712	[5],[6],[11],[15]	$ 752,712	[7],[8],[9],[10]
Fair Value		$ 100,000	[1],[2],[5],[6],[11],[15]	$ 100,000	[3],[4],[7],[8],[9],[10]
Total Investment percentage		0.20%	[5],[6],[11],[15]	0.20%	[7],[8],[9],[10]
Number of Shares Owned | shares		300,483	[5],[6],[11],[15],[33]	300,483	[7],[8],[9],[10],[34]
Investment, Identifier [Axis]: Open Exchange, Inc. - 397,899 Common
Schedule of Investments [Line Items]
Date Acquired		Oct. 22, 2019	[5],[6],[11],[15],[29]	Oct. 22, 2019	[7],[8],[9],[10],[30]
Cost		$ 208,243	[5],[6],[11],[15]	$ 208,243	[7],[8],[9],[10]
Number of Shares Owned | shares		397,899	[5],[6],[11],[15],[33]	397,899	[7],[8],[9],[10],[34]
Investment, Identifier [Axis]: Open Exchange, Inc. - 397,899 Series C Preferred
Schedule of Investments [Line Items]
Date Acquired		Nov. 13, 2013	[5],[6],[11],[15],[29]	Nov. 13, 2013	[7],[8],[9],[10],[30]
Equity		2.00%	[5],[6],[11],[15],[31]	3.00%	[7],[8],[9],[10],[32]
Cost		$ 1,193,697	[5],[6],[11],[15]	$ 1,193,697	[7],[8],[9],[10]
Fair Value		$ 700,000	[1],[2],[5],[6],[11],[15]	$ 700,000	[3],[4],[7],[8],[9],[10]
Total Investment percentage		1.30%	[5],[6],[11],[15]	1.10%	[7],[8],[9],[10]
Number of Shares Owned | shares		397,899	[5],[6],[11],[15],[33]	397,899	[7],[8],[9],[10],[34]
Investment, Identifier [Axis]: PostProcess Technologies, Inc. - 137,054 Series A Preferred
Schedule of Investments [Line Items]
Date Acquired	[5],[6],[11],[15],[29]	Nov. 01, 2019
Equity	[5],[6],[11],[15],[31]	1.00%
Cost	[5],[6],[11],[15]	$ 348,875
Total Investment percentage	[5],[6],[11],[15]	0.00%
Number of Shares Owned | shares	[5],[6],[11],[15],[33]	137,054
Investment, Identifier [Axis]: PostProcess Technologies, Inc. - 360,002 Series A1 Preferred
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[9],[10],[30]			Nov. 01, 2019
Equity	[7],[8],[9],[10],[32]			1.00%
Cost	[7],[8],[9],[10]			$ 348,875
Total Investment percentage	[7],[8],[9],[10]			0.00%
Number of Shares Owned | shares	[7],[8],[9],[10],[34]			360,002
Investment, Identifier [Axis]: Pressure Pro, Inc. - $3,000,000 Term Note
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[13],[17],[25],[30]			Jan. 19, 2023
Equity	[7],[8],[13],[17],[25],[32]			10.00%
Cost	[7],[8],[13],[17],[25]			$ 1,702,705
Fair Value	[3],[4],[7],[8],[13],[17],[25]			$ 1,702,705
Total Investment percentage	[7],[8],[13],[17],[25]			3.80%
Interest Rate	[7],[8],[13],[17],[25],[34]			12.00%
Reference Rate and Spread (+), PIK	[7],[8],[13],[17],[25],[34]			3.00%
Due Date	[7],[8],[13],[17],[25],[34]			Jan. 19, 2028
Investment owned face amount	[7],[8],[13],[17],[25],[34]			$ 3,000,000
Investment, Identifier [Axis]: Pressure Pro, Inc. - $3,000,000 Term Note at 12%
Schedule of Investments [Line Items]
Fair Value				1,702,705		3,063,436
Principle Amount		$ 3,000,000		$ 3,000,000
Interest Rate		12.00%		12.00%
Reference Rate and Spread (+), PIK		3.00%		3.00%
Due Date		Jan. 19, 2028		Jan. 19, 2028
Gross Additions		$ 22,445	[18]	$ 66,721	[19]
Gross Reductions		(1,725,150)	[20]	(1,427,452)	[21]
Amount of Interest/Dividend/Fee Income		$ 121,261	[22]	$ 367,382	[23]
Investment, Identifier [Axis]: Pressure Pro, Inc. - Warrant for 10% Membership Interest
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[13],[17],[25],[30]			Jan. 19, 2023
Cost	[7],[8],[13],[17],[25]			$ 30,000
Fair Value				$ 750,000	[3],[4],[7],[8],[13],[17],[25]	30,000
Membership Interest	[7],[8],[13],[17],[25],[34]			10.00%
Investment warrant rate		10.00%
Net Change in Unrealized Appreciation (Depreciation)		$ (720,000)		$ 720,000
Gross Reductions	[20]	(30,000)
Net Realized Gains (Losses)		$ 870,000
Amount of Interest/Dividend/Fee Income	[23]			50,000
Investment, Identifier [Axis]: SQF LLC d/b/a Verta - 211,567 A-1 Units of SQF Holdco LLC.
Schedule of Investments [Line Items]
Date Acquired	[5],[6],[15],[16],[29]	Mar. 15, 2019
Equity	[5],[6],[15],[16],[31]	3.00%
Fair Value	[1],[2],[5],[6],[15],[16]	$ 1,000,000
Total Investment percentage	[5],[6],[15],[16]	3.70%
Number of Shares Owned | shares	[5],[6],[15],[16],[33]	211,567
Investment, Identifier [Axis]: SQF LLC d/b/a Verta - 250 Class D-1 Units of SQF Holdco LLC.
Schedule of Investments [Line Items]
Date Acquired	[5],[6],[15],[16],[29]	Feb. 16, 2023
Cost	[5],[6],[15],[16]	$ 250,000
Fair Value	[1],[2],[5],[6],[15],[16]	$ 1,000,000
Number of Shares Owned | shares	[5],[6],[15],[16],[33]	250
Investment, Identifier [Axis]: SciAps, Inc. - $2,090,000 Second Amended and Restated Secured Subordinated Promissory Note at 12%
Schedule of Investments [Line Items]
Fair Value						2,090,000
Principle Amount				$ 2,090,000
Interest Rate				12.00%
Due Date				Aug. 20, 2024
Gross Reductions	[21]			$ (2,090,000)
Amount of Interest/Dividend/Fee Income	[23]			$ 311,462
Investment, Identifier [Axis]: SciAps, Inc. - 113,636 Series C Convertible Preferred
Schedule of Investments [Line Items]
Fair Value						175,000
Number of Shares Owned | shares				113,636
Gross Reductions	[21]			$ (175,000)
Net Realized Gains (Losses)				$ 432,262
Investment, Identifier [Axis]: SciAps, Inc. - 117,371 Series B Convertible Preferred
Schedule of Investments [Line Items]
Fair Value						250,000
Number of Shares Owned | shares				117,371
Gross Reductions	[21]			$ (250,000)
Net Realized Gains (Losses)				$ 617,518
Investment, Identifier [Axis]: SciAps, Inc. - 147,059 Series D Convertible Preferred
Schedule of Investments [Line Items]
Fair Value						250,000
Number of Shares Owned | shares				147,059
Gross Reductions	[21]			$ (250,000)
Net Realized Gains (Losses)				$ 617,518
Investment, Identifier [Axis]: SciAps, Inc. - 187,500 Series A Preferred
Schedule of Investments [Line Items]
Fair Value						1,500,000
Number of Shares Owned | shares				187,500
Gross Reductions	[21]			$ (1,500,000)
Net Realized Gains (Losses)				$ 3,705,106
Investment, Identifier [Axis]: SciAps, Inc. - 274,299 Series A1 Convertible Preferred
Schedule of Investments [Line Items]
Fair Value						504,710
Number of Shares Owned | shares				274,299
Gross Reductions	[21]			$ (504,710)
Net Realized Gains (Losses)				$ 1,246,669
Investment, Identifier [Axis]: SciAps, Inc. - 369,698 Series C1 Convertible Preferred
Schedule of Investments [Line Items]
Fair Value						399,274
Number of Shares Owned | shares				369,698
Gross Reductions	[21]			$ (399,274)
Net Realized Gains (Losses)				986,235
Investment, Identifier [Axis]: SciAps, Inc. - Warrant to purchase Series D-1 Preferred
Schedule of Investments [Line Items]
Fair Value						45,000
Gross Reductions	[21]			(45,000)
Net Realized Gains (Losses)				$ 111,153
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - $1,435,435 Term Note
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[13],[17],[30]			Jan. 19, 2021
Cost	[7],[8],[13],[17]			$ 1,511,064
Fair Value	[3],[4],[7],[8],[13],[17]			$ 1,511,064
Interest Rate	[7],[8],[13],[17],[34]			12.00%
Reference Rate and Spread (+), PIK	[7],[8],[13],[17],[34]			2.00%
Due Date	[7],[8],[13],[17],[34]			Jan. 19, 2026
Investment owned face amount	[7],[8],[13],[17],[34]			$ 1,435,435
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - $1,435,435 Term Note Thereafter
Schedule of Investments [Line Items]
Interest Rate		14.00%
Due Date		Jan. 19, 2027
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - $1,435,435 Term Note Through January 19, 2026
Schedule of Investments [Line Items]
Principle Amount		$ 1,435,435
Interest Rate		12.00%
Reference Rate and Spread (+), PIK		2.00%
Due Date		Jan. 19, 2026
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - $1,435,435 Term Note at 12%
Schedule of Investments [Line Items]
Fair Value				1,511,064		1,475,613
Principle Amount				$ 1,435,435
Interest Rate				12.00%
Reference Rate and Spread (+), PIK				2.00%
Due Date				Jan. 19, 2026
Gross Additions		$ 17,701	[18]	$ 35,451	[19]
Gross Reductions	[20]	(1,528,765)
Amount of Interest/Dividend/Fee Income		140,096	[22]	225,732	[23]
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - $4,139,444 Term Note at 12%
Schedule of Investments [Line Items]
Fair Value				6,167,723		4,274,917
Principle Amount				$ 6,099,131
Interest Rate				12.00%
Reference Rate and Spread (+), PIK				2.00%
Due Date				Jan. 19, 2026
Gross Additions	[19]			$ 1,892,806
Amount of Interest/Dividend/Fee Income	[23]			$ 889,979
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - $6,099,131 Fourth Amended and Restated Term Note at 12%
Schedule of Investments [Line Items]
Principle Amount		$ 6,099,131
Interest Rate		12.00%
Reference Rate and Spread (+), PIK		2.00%
Due Date		Jan. 19, 2026
Investment owned face amount		$ 4,299,131
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - $6,099,131 Fourth Amended and Restated Term Note, $1,800,000 at 14%, due January 19, 2027
Schedule of Investments [Line Items]
Interest Rate		14.00%
Reference Rate and Spread (+), PIK		14.00%
Due Date		Jan. 19, 2027
Investment owned face amount		$ 1,800,000
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - $6,099,131 Third Amended and Restated Term Note at 12%
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[13],[17],[30]			Nov. 22, 2021
Equity	[7],[8],[13],[17],[32]			8.00%
Cost	[7],[8],[13],[17]			$ 6,167,723
Fair Value	[3],[4],[7],[8],[13],[17]			$ 6,167,723
Total Investment percentage	[7],[8],[13],[17]			12.10%
Interest Rate	[7],[8],[13],[17],[34]			12.00%
Reference Rate and Spread (+), PIK	[7],[8],[13],[17],[34]			2.00%
Due Date	[7],[8],[13],[17],[34]			Jan. 19, 2026
Investment owned face amount	[7],[8],[13],[17],[34]			$ 6,099,131
Gross Additions	[18]	46,482
Gross Reductions	[20]	(6,214,205)
Amount of Interest/Dividend/Fee Income	[22]	$ 585,305
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - 5.82 Common shares
Schedule of Investments [Line Items]
Date Acquired		Oct. 24, 2022	[5],[11],[12],[16],[26],[29]	Oct. 24, 2022	[7],[8],[13],[17],[30]
Equity	[5],[11],[12],[16],[26],[31]	8.00%
Cost		$ 194,000	[5],[11],[12],[16],[26]	$ 194,000	[7],[8],[13],[17]
Fair Value		$ 400,000	[1],[2],[5],[11],[12],[16],[26]	$ 194,000	[3],[4],[7],[8],[13],[17]	194,000
Total Investment percentage	[5],[11],[12],[16],[26]	0.90%
Number of Shares Owned | shares		5.82	[5],[11],[12],[16],[26],[33]	5.82	[7],[8],[13],[17],[34]
Net Change in Unrealized Appreciation (Depreciation)		$ 206,000
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - Warrant for 4% Membership Interest
Schedule of Investments [Line Items]
Date Acquired		Jan. 19, 2021	[5],[11],[12],[16],[26],[29]	Jan. 19, 2021	[7],[8],[13],[17],[30]
Cost		$ 25,000	[5],[11],[12],[16],[26]	$ 25,000	[7],[8],[13],[17]
Fair Value		$ 50,000	[1],[2],[5],[11],[12],[16],[26]	$ 25,000	[3],[4],[7],[8],[13],[17]	25,000
Membership Interest		4.00%	[5],[11],[12],[16],[26],[33]	4.00%	[7],[8],[13],[17],[34]
Investment warrant rate		4.00%
Net Change in Unrealized Appreciation (Depreciation)		$ 25,000
Investment, Identifier [Axis]: Seybert’s Billiards Corporation - Warrant for 4% Membership Interest One
Schedule of Investments [Line Items]
Date Acquired		Jan. 19, 2021	[5],[11],[12],[16],[26],[29]	Jan. 19, 2021	[7],[8],[13],[17],[30]
Cost		$ 25,000	[5],[11],[12],[16],[26]	$ 25,000	[7],[8],[13],[17]
Fair Value		$ 50,000	[1],[2],[5],[11],[12],[16],[26]	$ 25,000	[3],[4],[7],[8],[13],[17]	25,000
Membership Interest		4.00%	[5],[11],[12],[16],[26],[33]	4.00%	[7],[8],[13],[17],[34]
Investment warrant rate				4.00%
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 120,000 Series B Preferred
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[17],[30]			Jan. 20, 2015
Equity	[7],[8],[17],[32]			8.00%
Cost	[7],[8],[17]			$ 600,000
Fair Value		$ 0		$ 4,560,000	[3],[4],[7],[8],[17]	4,559,500
Total Investment percentage	[7],[8],[17]			17.60%
Number of Shares Owned | shares		120,000		120,000
Investment owned face amount	[7],[8],[17],[34]			$ 120,000
Net Change in Unrealized Appreciation (Depreciation)		$ (3,960,000)		500
Gross Reductions	[20]	(600,000)
Net Realized Gains (Losses)		(600,000)
Amount of Interest/Dividend/Fee Income		13,125	[22]	$ 52,500	[23]
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 15,385 Series E Preferred
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[17],[30]			Mar. 15, 2019
Cost	[7],[8],[17]			$ 500,012
Fair Value		$ 0		$ 584,000	[3],[4],[7],[8],[17]	584,500
Number of Shares Owned | shares		15,385		15,385	[7],[8],[17],[34]
Net Change in Unrealized Appreciation (Depreciation)		$ (83,988)		$ (500)
Gross Reductions	[20]	(500,012)
Net Realized Gains (Losses)		(500,012)
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 2.5% dividend payable quarterly
Schedule of Investments [Line Items]
Dividend payable quarterly	[7],[8],[17],[34]			2.50%
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 21,391 Series C Preferred
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[17],[30]			Sep. 28, 2016
Cost	[7],[8],[17]			$ 200,000
Fair Value		$ 0		$ 813,000	[3],[4],[7],[8],[17]	812,800
Number of Shares Owned | shares		21,391		21,391	[7],[8],[17],[34]
Net Change in Unrealized Appreciation (Depreciation)		$ (613,000)		$ 200
Gross Reductions	[20]	(200,000)
Net Realized Gains (Losses)		(200,000)
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 211,567 A-1 Units of SQF Holdco LLC.
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[17],[30]			Mar. 15, 2019
Fair Value		$ 0		$ 1,000,000	[3],[4],[7],[8],[17]	800,000
Number of Shares Owned | shares		211,567		211,567	[7],[8],[17],[34]
Net Change in Unrealized Appreciation (Depreciation)				$ 200,000
Gross Reductions	[20]	$ (1,000,000)
Net Realized Gains (Losses)				$ 302,677
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 23,077 Series F Preferred
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[17],[30]			Jun. 15, 2020
Cost	[7],[8],[17]			$ 750,003
Fair Value		$ 0		$ 877,000	[3],[4],[7],[8],[17]	876,800
Number of Shares Owned | shares		23,077		23,077	[7],[8],[17],[34]
Net Change in Unrealized Appreciation (Depreciation)		$ (126,997)		$ 200
Gross Reductions	[20]	(750,003)
Net Realized Gains (Losses)		(750,003)
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 250 Class D-1 Units of SQF Holdco LLC
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[17],[30]			Feb. 16, 2023
Cost	[7],[8],[17]			$ 250,000
Fair Value		$ 0		$ 1,000,000	[3],[4],[7],[8],[17]	250,000
Number of Shares Owned | shares		250		250	[7],[8],[17],[34]
Net Change in Unrealized Appreciation (Depreciation)				$ 750,000
Gross Reductions	[20]	$ (1,000,000)
Net Realized Gains (Losses)				$ 94,587
Investment, Identifier [Axis]: Tilson Technology Management, Inc. - 70,176 Series D Preferred
Schedule of Investments [Line Items]
Date Acquired	[7],[8],[17],[30]			Sep. 29, 2017
Cost	[7],[8],[17]			$ 800,000
Fair Value		$ 0		$ 2,666,000	[3],[4],[7],[8],[17]	$ 2,666,400
Number of Shares Owned | shares		70,176		70,176	[7],[8],[17],[34]
Net Change in Unrealized Appreciation (Depreciation)		$ (1,866,000)		$ (400)
Gross Reductions	[20]	(800,000)
Net Realized Gains (Losses)		$ (800,000)
[1] As of September 30, 2025, the total cost of investment securities was approximately $53.5 million. Net unrealized depreciation was approximately ($9.2) million, which was comprised of $3.9 million of unrealized appreciation of investment securities and ($13.1) million of unrealized depreciation of investment securities. At September 30, 2025, the aggregate gross unrealized gain for federal income tax purposes was $2.0 million and the aggregate gross unrealized loss for federal income tax purposes was ($11.2) million. The net unrealized loss for federal income tax purposes was ($9.2) million based on a tax cost of $54.0 million. [2] The Corporation’s investments are carried at fair value in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 820 “Fair Value Measurements and Disclosures,” which defines fair value and establishes guidelines for measuring fair value. At September 30, 2025, ASC 820 designates 100% of the Corporation’s investments as “Level 3” assets. Under the valuation policy of the Corporation, unrestricted publicly traded securities are valued at the closing price for these securities on the last trading day of the reporting period. Restricted securities are subject to restrictions on resale and are valued at fair value as determined in good faith by our external investment advisor Rand Capital Management, LLC (“RCM”) and approved by the Board of Directors. Fair value is considered to be the amount that the Corporation may reasonably expect to receive for portfolio securities when sold on the valuation date. Valuations as of any particular date, however, are not necessarily indicative of amounts which may ultimately be realized as a result of future sales or other dispositions of securities and these favorable or unfavorable differences could be material. Among the factors considered in determining the fair value of restricted securities are the financial condition and operating results, projected operations, and other analytical data relating to the investment. Also considered are the market prices for unrestricted securities of the same class (if applicable) and other matters which may have an impact on the value of the portfolio company (see Note 3. “Investments” to the Consolidated Financial Statements). [3] As of December 31, 2024, the total cost of investment securities was approximately $68.1 million. Net unrealized appreciation was approximately $2.7 million, which was comprised of $10.8 million of unrealized appreciation of investment securities and ($8.1) million of unrealized depreciation of investment securities. At December 31, 2024, the aggregate gross unrealized gain for federal income tax purposes was approximately $10.8 million and the aggregate gross unrealized loss for federal income tax purposes was ($7.0) million. The net unrealized gain for federal income tax purposes was $3.8 million based on a tax cost of $65.9 million. [4] 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, 2024, ASC 820 designates 100% of the Corporation’s investments as “Level 3” assets. Under the valuation policy of the Corporation, unrestricted publicly traded securities are valued at the closing price for these securities on the last trading day of the reporting period. Restricted securities are subject to restrictions on resale and are valued at fair value as determined in good faith by our external investment advisor Rand Capital Management, LLC (“RCM”) and approved by the Board of Directors. Fair value is considered to be the amount that the Corporation may reasonably expect to receive for portfolio securities when sold on the valuation date. Valuations as of any particular date, however, are not necessarily indicative of amounts which may ultimately be realized as a result of future sales or other dispositions of securities and these favorable or unfavorable differences could be material. Among the factors considered in determining the fair value of restricted securities are the financial condition and operating results, projected operations, and other analytical data relating to the investment. Also considered are the market prices for unrestricted securities of the same class (if applicable) and other matters which may have an impact on the value of the portfolio company (see Note 3. “Investments” to the Consolidated Financial Statements). [5] 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). [6] Non-Control/Non-Affiliate Investments are investments that are neither Control Investments nor Affiliate Investments. [7] 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). [8] Investments classified as Level 3 for purposes of the fair value determination by RCM and approved by the Board of Directors. [9] Non-Control/Non-Affiliate Investments are investments that are neither Control Investments nor Affiliate Investments. [10] 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. [11] Investments classified as Level 3 for purposes of the fair value determination by RCM and approved by the Board of Directors. [12] 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. [13] 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. [14] Equity holdings are held in a wholly owned (100%) “blocker corporation” subsidiary of Rand Capital Corporation for federal income tax and Regulated Investment Company (RIC) compliance purposes. [15] 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. [16] 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 of such company are owned by the Corporation. [17] Affiliate Investments are defined by the 1940 Act, as those Non-Control investments in companies in which between 5% and 25% of the voting securities are owned by the Corporation. [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] Equity holdings are held in a wholly owned (100%) “blocker corporation” subsidiary of Rand Capital Corporation for federal income tax and Regulated Investment Company (RIC) compliance purposes. [25] Reduction in cost and fair value from previously reported balances reflects current principal repayment. [26] Reduction in cost and fair value from previously reported balances reflects current principal repayment. [27] Control Investments are defined by the 1940 Act as investments in companies in which more than 25% of the voting securities of such companies are owned by the Corporation or where the Corporation maintains greater than 50% representation on its board of directors or other similar governing body. [28] Control Investments are defined by the 1940 Act as investments in companies in which more than 25% of the voting securities are owned by the Corporation or where greater than 50% of the board representation is maintained. [29] The Date Acquired column indicates the date on which the Corporation first acquired an investment. [30] The Date Acquired column indicates the date on which the Corporation first acquired an investment. [31] 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. [32] 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. [33] At September 30, 2025, restricted securities represented 100% of the fair value of the investment portfolio. Restricted securities are subject to one or more restrictions on resale and are not freely marketable. Type of investment for equity position is in the form of shares unless otherwise noted as units or interests, i.e., preferred shares, common shares. [34] At December 31, 2024, restricted securities represented 100% of the fair value of the investment portfolio. Restricted securities are subject to one or more restrictions on resale and are not freely marketable. Type of investment for equity position is in the form of shares unless otherwise noted as units or interests, i.e., preferred shares, common shares.