| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ADM HOLDINGS LLC | 6,391 | 6,391 | 4,550 |
| STONE ARCH CAPITAL II | 644,327 | 592,055 | 496,326 |
| CVE-KAUFFMAN | 1,705,032 | 1,769,716 | 1,868,515 |
| NOTE RECEIVABLE | 39,453 | 15,961 | 15,961 |
| PHOENIX VENTURE | 0 | 21,594 | 20,000 |
| NEW VENTURE PARTNERS IV | 0 | 134,242 | 82,090 |