| 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 (LOSS)
For the Year Ended December 31, 2025
|
|
|
|
|
|
|
|
|
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|
Cost
Increase (Decrease) |
|
|
Realized
Gain (Loss) |
|
New investments: |
|
|
|
|
|
|
Bauer Sheet Metal and Fabricating Inc. |
|
$ |
3,250,000 |
|
|
$ |
— |
|
BlackJet Direct Marketing, LLC |
|
|
2,500,000 |
|
|
|
— |
|
BMP Food Service Supply Holdco, LLC |
|
|
400,000 |
|
|
|
— |
|
ITA Acquisition, LLC |
|
|
375,000 |
|
|
|
— |
|
Carolina Skiff LLC |
|
|
34,755 |
|
|
|
— |
|
Total of new investments |
|
|
6,559,755 |
|
|
|
— |
|
Other changes to investments: |
|
|
|
|
|
|
BMP Food Service Supply Holdco, LLC interest conversion |
|
|
653,470 |
|
|
|
— |
|
Caitec, Inc. interest conversion |
|
|
575,152 |
|
|
|
— |
|
Mountain Regional Equipment Solutions interest conversion, fee conversion
and OID amortization |
|
|
362,419 |
|
|
|
— |
|
Autotality (formerly Filterworks Acquisition USA, LLC) interest conversion |
|
|
220,923 |
|
|
|
— |
|
Highland All About People Holdings, Inc. interest conversion |
|
|
130,740 |
|
|
|
— |
|
Seybert’s Billiards Corporation OID amortization and interest conversion |
|
|
69,983 |
|
|
|
— |
|
BMP Swanson Holdco, LLC interest conversion |
|
|
54,472 |
|
|
|
— |
|
FCM Industries Holdco LLC interest conversion |
|
|
51,507 |
|
|
|
— |
|
Mobile RN Holdings LLC interest conversion |
|
|
25,508 |
|
|
|
— |
|
Pressure Pro, Inc. OID amortization and interest conversion |
|
|
22,445 |
|
|
|
— |
|
Inter-National Electronic Alloys LLC interest conversion |
|
|
17,177 |
|
|
|
— |
|
GoNoodle, Inc. interest conversion |
|
|
14,457 |
|
|
|
— |
|
BlackJet Direct Marketing, LLC interest conversion |
|
|
6,941 |
|
|
|
— |
|
Bauer Sheet Metal and Fabricating Inc. OID amortization |
|
|
600 |
|
|
|
— |
|
Total of other changes to investments |
|
|
2,205,794 |
|
|
|
— |
|
Investments repaid, sold or liquidated: |
|
|
|
|
|
|
Microcision LLC escrow receipt |
|
|
— |
|
|
|
55,357 |
|
GoNoodle, Inc. warrant expiration |
|
|
(25 |
) |
|
|
(25 |
) |
Carolina Skiff LLC equity sale |
|
|
(34,755 |
) |
|
|
684 |
|
Lumious loan repayment and realized loss |
|
|
(789,944 |
) |
|
|
(77,314 |
) |
HDI Acquisition LLC debt repayment |
|
|
(1,071,824 |
) |
|
|
— |
|
Pressure Pro, Inc. debt repayment and warrant sale |
|
|
(1,755,150 |
) |
|
|
870,000 |
|
Tilson Technology Management, Inc. liquidation |
|
|
(2,850,015 |
) |
|
|
(2,850,015 |
) |
Mattison Avenue Holdings LLC debt repayment |
|
|
(5,572,902 |
) |
|
|
— |
|
Seybert’s Billiards Corporation debt repayment |
|
|
(7,748,770 |
) |
|
|
— |
|
Total of investments repaid, sold, liquidated or converted |
|
|
(19,823,385 |
) |
|
|
(2,001,313 |
) |
Net change in investments, at cost and total realized loss |
|
$ |
(11,057,836 |
) |
|
$ |
(2,001,313 |
) |
|