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Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives of Related Assets
Depreciation is provided for using the straight-line method over the estimated useful lives of the related assets as follows:
 
Equipment
      5 years  
Furniture and fixtures
      15 years  
Summary of Revisions to Consolidated Statements of Operations Due to Immaterial Correction of Error
The following table summarizes these revisions, which had no effect on previously reported net income:
 
  
Three Months

Ended

September 30,
2020
 
  
Nine Months

Ended

September 30,
2020
 
Operating Revenues:
  
      
  
      
Advisory fees (previously reported)
  
$
63,919
 
  
$
 184,077
 
Amounts collected on behalf of third parties
  
 
(891
) 
  
 
(2,380
) 
 
  
 
 
 
  
 
 
 
Advisory fees (as corrected)
  
$
63,028
 
  
$
181,697
 
 
  
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
Total revenues (previously reported)
  
$
64,640
 
  
$
186,640
 
Amounts collected on behalf of third parties
  
 
(891
) 
  
 
(2,380
) 
 
  
 
 
 
  
 
 
 
Total revenues (as corrected)
  
$
 63,749
 
  
$
184,260
 
 
  
 
 
 
  
 
 
 
Operating Expenses:
  
      
  
      
Fund management and administration (previously reported)
  
$
15,219
 
  
$
44,165
 
Amounts collected on behalf of third parties
  
 
(891
) 
  
 
(2,380
) 
 
  
 
 
 
  
 
 
 
Fund management and administration (as corrected)
  
$
14,328
 
  
$
41,785
 
 
  
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
Total operating expenses (previously reported)
  
$
49,896
 
  
$
144,465
 
Amounts collected on behalf of third parties
  
 
(891
) 
  
 
(2,380
) 
 
  
 
 
 
  
 
 
 
Total operating expenses (as corrected)
  
$
49,005
 
  
$
142,085
 
 
  
 
 
 
  
 
 
 
Summary of Reclassifications on Consolidated Statements of Cash Flows to Conform to the Current Year's Presentation
The following table summarizes these reclassifications for the nine months ended September 30, 2020:
 
    
Nine Months

Ended

September 30,
2020
  
Consolidated Statements of Cash Flows:
         
Cash Flows from Operating Activities
         
Net cash provided by operating activities (previously reported)
    $ 15,568  
Reclassification of net cash flows from securities purchases and sales
      16,561  
    
 
 
  
Net cash provided by operating activities (currently reported)
    $ 32,129  
    
 
 
  
Cash Flows from Investing Activities
         
Net cash provided by investing activities (previously reported)
    $ 28,515  
Purchases of securities owned, at fair value
      (34,683 ) 
Proceeds from the sale of securities owned, at fair value
      18,122  
    
 
 
  
Net cash provided by investing activities (currently reported)
    $ 11,954