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Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2021
Accounting Policies [Abstract] |
Summary of Reclassifications to Conform to the Current Year's Consolidated Financial Statement Presentation | The following table summarizes these reclassifications for the years ended December 31, 2020 and 2019:
|  | Year Ended December 31, 2020 |  |  | Year Ended December 31, 2019 |
Consolidated Statements of Cash Flows: |  |  |  |  |  |  |  |
Cash Flows from Operating Activities |  |  |  |  |  |  |  |
Net cash provided by operating activities (previously reported) |  | $ | 29,395 |  |  | $ | 46,832 |
Reclassification of net cash flows from securities purchases and sales |  |  | 17,741 |  |  |  | 10,656 |
Net cash provided by operating activities (currently reported) |  | $ | 47,136 |  |  | $ | 57,488 |
Cash Flows from Investing Activities |  |  |  |  |  |  |  |
Net cash provided by/(used in) investing activities (previously reported) |  | $ | 28,382 |  |  | $ | (7,005 | )
Purchases of securities owned, at fair value |  |  | (36,444 | ) |  |  | (22,536 | )
Proceeds from the sale of securities owned, at fair value |  |  | 18,703 |  |  |  | 11,880 |
Net cash provided by/(used in) investing activities (currently reported) |  | $ | 10,641 |  |  | $ | (17,661 | )
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:
|  | Year Ended December 31, 2020 |  |  | Year Ended December 31, 2019 |
Operating Revenues: |  |  |  |  |  |  |  |
Advisory fees (previously reported) |  | $ | 250,182 |  |  | $ | 265,652 |
Amounts collected on behalf of third parties |  |  | (3,787 | ) |  |  | (1,875 | )
Advisory fees (as corrected) |  | $ | 246,395 |  |  | $ | 263,777 |
Total revenues (previously reported) |  | $ | 253,699 |  |  | $ | 268,403 |
Amounts collected on behalf of third parties |  |  | (3,787 | ) |  |  | (1,875 | )
Total revenues (as corrected) |  | $ | 249,912 |  |  | $ | 266,528 |
Operating Expenses: |  |  |  |  |  |  |  |
Fund management and administration (previously reported) |  | $ | 60,515 |  |  | $ | 61,502 |
Amounts collected on behalf of third parties |  |  | (3,787 | ) |  |  | (1,875 | )
Fund management and administration (as corrected) |  | $ | 56,728 |  |  | $ | 59,627 |
Total operating expenses (previously reported) |  | $ | 198,617 |  |  | $ | 214,869 |
Amounts collected on behalf of third parties |  |  | (3,787 | ) |  |  | (1,875 | )
Total operating expenses (as corrected) |  | $ | 194,830 |  |  | $ | 212,994 |

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