XML 45 R32.htm IDEA: XBRL DOCUMENT
v3.21.2

Note 8 - Investments, Including Investments Accounted for Using the Equity Method (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Notes Tables |
Investment [Table Text Block] |
|  | June 30, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
Certificates of deposit |  | $ | 417,898 |  |  | $ | 1,035,827 |
Corporate bonds classified as trading |  |  | - |  |  |  | 1,020,000 |
U.S. Treasury notes and corporate bond held to maturity |  |  | 4,261,231 |  |  |  | 4,994,848 |
Total |  | $ | 4,679,129 |  |  | $ | 7,050,675 |
|  | June 30, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
U.S. Treasury securities, held to maturity |  | $ | 758,956 |  |  | $ | 286,015 |
Preferred stock |  |  | 104,019 |  |  |  | 104,019 |
Voting common stock of CBT Holding Corporation |  |  | 19,058,485 |  |  |  | 19,058,485 |
Total |  | $ | 19,921,460 |  |  | $ | 19,448,519 |
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block] |
|  |  |  |  |  | Gross |  |  |  |  |
|  |  |  |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gain (Loss) |  |  | Value |
Marketable equity securities, June 30, 2021 |  | $ | 43,684,885 |  |  | $ | 111,693,032 |  |  | $ | 155,377,917 |
Marketable equity securities, December 31, 2020 |  | $ | 68,205,548 |  |  | $ | (4,169,066 | ) |  | $ | 64,036,482 |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] |
|  |  |  |  |  | Gross |  |  |  |  |
|  |  |  |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gain (Loss) |  |  | Value |
U.S. Treasury trading securities, June 30, 2021 |  | $ | 131,644,005 |  |  | $ | (4,246 | ) |  | $ | 131,639,759 |
U.S. Treasury trading securities, December 31, 2020 |  | $ | 37,766,133 |  |  | $ | 1,812 |  |  | $ | 37,767,945 |
Investments in and Advances to Affiliates [Table Text Block] |
|  | June 30, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
Beginning of period |  | $ | 20,913,896 |  |  | $ | 771,805 |
Additional investment in unconsolidated affiliates |  |  | - |  |  |  | 16,000,000 |
Distributions received |  |  | (1,721,397 | ) |  |  | (1,433,480 | )
Reclassification of investment in affiliate to marketable securities |  |  | (12,880,146 | ) |  |  | - |
Equity in income of unconsolidated affiliates |  |  | 576,285 |  |  |  | 5,575,571 |
End of period |  | $ | 6,888,638 |  |  | $ | 20,913,896 |
Equity Method Investments [Table Text Block] |
|  | For the Three Months Ended |  |  | For the Six Months Ended |
|  | June 30, |  |  | June 30. |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Revenue |  | $ | 7,597,715 |  |  | $ | 196,181,780 |  |  | $ | 17,014,480 |  |  | $ | 387,933,239 |
Gross profit |  |  | 2,581,114 |  |  |  | 28,973,220 |  |  |  | 9,219,062 |  |  |  | 54,761,208 |
Income from continuing operations |  |  | 1,567,702 |  |  |  | 10,545,792 |  |  |  | 1,588,415 |  |  |  | 17,927,828 |
Net income |  |  | 1,647,927 |  |  |  | 11,214,670 |  |  |  | 1,194,456 |  |  |  | 17,732,418 |

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 325 -URI http://asc.fasb.org/topic&trid=2197064 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 321 -URI http://asc.fasb.org/topic&trid=75115024 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
Name: | us-gaap_InvestmentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investments in and advances to affiliates. Does not include the tabular disclosure of the disaggregation of investments in and advances to affiliates across legal entities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14) -URI http://asc.fasb.org/extlink&oid=122147990&loc=d3e611322-123010 + Details
Name: | us-gaap_InvestmentsInAndAdvancesToAffiliatesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References No definition available. + Details
Name: | us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration