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Note 5 - Transactions With Affiliated Companies

12 Months Ended

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	)		$	—			$	—