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Note 5 - Transactions With Affiliated Companies

3 Months Ended

Mar. 31, 2024

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 three months ended March 31, 2024 were as follows:

										*Three months ended March 31, 2024*

		*Fair value at*												*Transfers*								*Net*								*Fair value at*
Portfolio		*December 31,*								*Principal*				*in/(out) at*				*Discount*				*unrealized*				*Net realized*				*March 31,*				*Interest*
Company		*2023*				*Purchases*				*Payments*				*fair value*				*accretion*				*gain/(loss)*				*gain/(loss)*				*2024*				*income*
		(In thousands)
Aulea Medical, Inc.		$	—			$	3			$	—			$	—			$	—			$	—			$	(3	)		$	—			$	—
Evelo Biosciences, Inc.			222				—				—				—				—				2,568				—				2,790				—
			336				12				—				—				—				3,859				—				4,207				—
			133				—				—				—				—				1,541				—				1,674				—
			133				—				—				—				—				1,541				—				1,674				—
			88				—				—				—				—				1,028				—				1,116				—
			88				—				—				—				—				1,028				—				1,116				—
			132				—				—				—				—				(132	)			—				—				—
Total non-controlled affiliates		$	1,132			$	15			$	—			$	—			$	—			$	11,433			$	(3	)		$	12,577			$	—

Transactions related to investments in non-controlled affiliated companies for the three months ended March 31, 2023 were as follows:

										*Three months ended March 31, 2023*

		*Fair value at*												*Transfers*								*Net*								*Fair value at*
Portfolio		*December 31,*												*in/(out) at*				*Discount*				*unrealized*				*Net realized*				*March 31,*				*Interest*
Company		*2022*				*Purchases*				*Sales*				*fair value*				*Accretion*				*gain/(loss)*				*gain/(loss)*				*2023*				*income*
		(In thousands)
Cadrenal Therapeutics, Inc.			—				—				—				—				—				846				—				846				—
Total non-controlled affiliates		$	—			$	—			$	—			$	—			$	—			$	846			$	—			$	846			$	—

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 three months ended March 31, 2024 were as follows:

										*Three months ended March 31, 2024*

		*Fair value at*																*Transfers*								*Net*								*Fair value at*
Portfolio		*December 31,*								*Principal*								*in/(out) at*				*Discount*				*unrealized*				*Net realized*				*March 31,*				*Interest*
Company		*2023*				*Purchases*				*Payments*				*PIK*				*fair value*				*accretion*				*gain/(loss)*				*gain/(loss)*				*2024*				*income*
		(In thousands)
Better Place Forests Co.		$	3,339			$	—			$	—			$	111			$	—			$	2			$	3			$	—			$	3,455			$	116
			1,630				—				—				55				—				2				1				—				1,688				61
			3,024				750				—				—				—				—				(1,118	)			—				2,656				—
HIMV LLC			6,230				227				(547	)			—				—				—				(65	)			—				5,845				—
Total controlled affiliates		$	14,223			$	977			$	(547	)		$	166			$	—			$	4			$	(1,179	)		$	—			$	13,644			$	177

For the three months ended March 31, 2023, there were no transactions related to investments in controlled affiliated companies.