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Note 5 - Transactions With Affiliated Companies | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Investments in and Advances to Affiliates, Schedule of Investments [Text Block] | Note 5. Transactions with affiliated companies A non-controlled affiliated company is generally a portfolio company in which the Company owns 5% or more of such portfolio company’s voting securities but not more than 25% of such portfolio company’s voting securities. Transactions related to investments in non-controlled affiliated companies for the year ended December 31, 2023 were as follows:
|  |  |  |  |  |  |  |  |  | Year ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair value at |  |  |  |  |  |  |  |  |  |  | Transfers |  |  |  |  |  |  | Net |  |  |  |  |  |  | Fair value at |  |  |  |  |
Portfolio |  | December 31, |  |  |  |  |  |  | Principal |  |  | in/(out) at |  |  | Discount |  |  | unrealized |  |  | Net realized |  |  | December 31, |  |  | Interest |
Company |  | 2022 |  |  | Purchases |  |  | Payments |  |  | fair value |  |  | accretion |  |  | gain/(loss) |  |  | gain/(loss) |  |  | 2023 |  |  | income |
|  | (In thousands) |
Aulea Medical, Inc. |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Cadrenal Therapeutics, Inc. (1) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (906 | ) |  |  | — |  |  |  | 906 |  |  |  | — |  |  |  | — |  |  |  | — |
Evelo Biosciences, Inc. |  |  | — |  |  |  | — |  |  |  | (2,443 | ) |  |  | 7,663 |  |  |  | 8 |  |  |  | (5,006 | ) |  |  | — |  |  |  | 222 |  |  |  | 277 |
|  |  | — |  |  |  | 11 |  |  |  | (3,667 | ) |  |  | 11,509 |  |  |  | 11 |  |  |  | (7,528 | ) |  |  | — |  |  |  | 336 |  |  |  | 414 |
|  |  | — |  |  |  | — |  |  |  | (1,467 | ) |  |  | 4,601 |  |  |  | 5 |  |  |  | (3,006 | ) |  |  | — |  |  |  | 133 |  |  |  | 166 |
|  |  | — |  |  |  | — |  |  |  | (1,467 | ) |  |  | 4,598 |  |  |  | 3 |  |  |  | (3,001 | ) |  |  | — |  |  |  | 133 |  |  |  | 163 |
|  |  | — |  |  |  | — |  |  |  | (978 | ) |  |  | 3,067 |  |  |  | 4 |  |  |  | (2,005 | ) |  |  | — |  |  |  | 88 |  |  |  | 114 |
|  |  | — |  |  |  | — |  |  |  | (978 | ) |  |  | 3,067 |  |  |  | 4 |  |  |  | (2,005 | ) |  |  | — |  |  |  | 88 |  |  |  | 111 |
|  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5,000 |  |  |  | — |  |  |  | (4,868 | ) |  |  | — |  |  |  | 132 |  |  |  | — |
Total non-controlled affiliates |  | $ | — |  |  | $ | 11 |  |  | $ | (11,000 | ) |  | $ | 38,599 |  |  | $ | 35 |  |  | $ | (26,513 | ) |  | $ | — |  |  | $ | 1,132 |  |  | $ | 1,245 |
(1) As of December 31, 2023, the Company no longer owns 5% of more of the portfolio company. Transactions related to investments in non-controlled affiliated companies for the year ended December 31, 2022 were as follows:
|  |  |  |  |  |  |  |  |  | Year ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair value at |  |  |  |  |  |  |  |  |  |  | Transfers |  |  |  |  |  |  | Net |  |  |  |  |  |  | Fair value at |  |  |  |  |
Portfolio |  | December 31, |  |  |  |  |  |  |  |  |  |  | in/(out) at |  |  | Discount |  |  | unrealized |  |  | Net realized |  |  | December 31, |  |  | Interest |
Company |  | 2021 |  |  | Purchases |  |  | Sales |  |  | fair value |  |  | Accretion |  |  | gain/(loss) |  |  | gain/(loss) |  |  | 2022 |  |  | income |
|  | (In thousands) |
MVI (ABC) LLC fka StereoVision, Inc. |  |  | — |  |  |  | — |  |  |  | (30 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 30 |  |  |  | — |  |  |  | — |
Total non-controlled affiliates |  | $ | — |  |  | $ | — |  |  | $ | (30 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 30 |  |  | $ | — |  |  | $ | — |
A controlled affiliated company is generally a portfolio company in which the Company owns more than 25% of such portfolio company’s voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). Transactions related to investments in controlled affiliated companies for the year ended December 31, 2023 were as follows:
|  |  |  |  |  |  |  |  |  | Year ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair value at |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Transfers |  |  |  |  |  |  | Net |  |  |  |  |  |  | Fair value at |  |  |  |  |
Portfolio |  | December 31, |  |  |  |  |  |  | Principal |  |  |  |  |  |  | in/(out) at |  |  | Discount |  |  | unrealized |  |  | Net realized |  |  | December 31, |  |  | Interest |
Company |  | 2022 |  |  | Purchases |  |  | Payments |  |  | PIK |  |  | fair value |  |  | accretion |  |  | gain/(loss) |  |  | gain/(loss) |  |  | 2023 |  |  | income |
|  | (In thousands) |
Better Place Forests Co. |  | $ | — |  |  | $ | 61 |  |  | $ | — |  |  | $ | 213 |  |  | $ | 1,675 |  |  | $ | 5 |  |  | $ | 1,385 |  |  | $ | — |  |  | $ | 3,339 |  |  | $ | 225 |
|  |  | — |  |  |  | — |  |  |  | — |  |  |  | 107 |  |  |  | 844 |  |  |  | 1 |  |  |  | 678 |  |  |  | — |  |  |  | 1,630 |  |  |  | 112 |
|  |  | — |  |  |  | 1,250 |  |  |  | — |  |  |  | — |  |  |  | 2,061 |  |  |  | — |  |  |  | (287 | ) |  |  | — |  |  |  | 3,024 |  |  |  | — |
HIMV LLC |  |  | — |  |  |  | 146 |  |  |  | (516 | ) |  |  | — |  |  |  | 6,154 |  |  |  | — |  |  |  | 446 |  |  |  | — |  |  |  | 6,230 |  |  |  | — |
Total controlled affiliates |  | $ | — |  |  | $ | 1,457 |  |  | $ | (516 | ) |  | $ | 320 |  |  | $ | 10,734 |  |  | $ | 6 |  |  | $ | 2,222 |  |  | $ | — |  |  | $ | 14,223 |  |  | $ | 337 |
Transactions related to investments in controlled affiliated companies for the year ended December 31, 2022 were as follows:
|  |  |  |  |  |  |  |  |  | Year ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair value at |  |  |  |  |  |  |  |  |  |  | Transfers |  |  |  |  |  |  | Net |  |  |  |  |  |  | Fair value at |  |  |  |  |
Portfolio |  | December 31, |  |  |  |  |  |  |  |  |  | in/(out) at |  |  | Discount |  |  | unrealized |  |  | Net realized |  |  | December 31, |  |  | Interest |
Company |  | 2021 |  |  | Purchases |  |  | Sales |  |  | fair value |  |  | accretion |  |  | gain/(loss) |  |  | gain/(loss) |  |  | 2022 |  |  | income |
|  | (In thousands) |
HESP LLC |  |  | — |  |  |  | — |  |  |  | (300 | ) |  |  | — |  |  |  | — |  |  |  | 1,450 |  |  |  | (1,150 | ) |  |  | — |  |  |  | — |
Total controlled affiliates |  | $ | — |  |  | $ | — |  |  | $ | (300 | ) |  | $ | — |  |  | $ | — |  |  | $ | 1,450 |  |  | $ | (1,150 | ) |  | $ | — |  |  | $ | — |

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