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