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Note 8 - Investments, Including Investments Accounted for Using the Equity Method (Tables)

9 Months Ended

Sep. 30, 2021

Notes Tables

Investment [Table Text Block]

		September 30,				December 31,
		2021				2020
Certificates of deposit		$	310,044			$	1,035,827
Corporate bonds classified as trading			-				1,020,000
U.S. Treasury notes and corporate bond held to maturity			4,668,600				4,994,848
Total		$	4,978,644			$	7,050,675

		September 30,				December 31,
		2021				2020
U.S. Treasury securities, held to maturity		$	154,265			$	286,015
Preferred stock			104,019				104,019
Voting common stock of CBT Holding Corporation			19,058,485				19,058,485
Total		$	19,316,769			$	19,448,519

Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]

						Gross
						Unrealized				Fair
		Cost				Gain (Loss)				Value
Marketable equity securities, September 30, 2021		$	31,321,031			$	48,954,072			$	80,275,103
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, September 30, 2021		$	50,995,742			$	1,438			$	50,997,180
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]

		September 30,				December 31,
		2021				2020
Beginning of period		$	20,913,896			$	771,805
Additional investment in unconsolidated affiliates			55,000,000				16,000,000
Distributions received			(2,100,010	)			(1,433,480	)
Reclassification of investment in affiliate to marketable securities			(12,880,146	)			-
Equity in income of unconsolidated affiliates			935,488				5,575,571
End of period		$	61,869,228			$	20,913,896

Equity Method Investments [Table Text Block]

		For the Three Months Ended								For the Nine Months Ended
		September 30,								September 30,
		2021				2020				2021				2020
Revenue		$	7,055,929			$	288,403,203			$	24,854,881			$	676,336,442
Gross profit			2,464,195				44,856,872				12,467,729				99,618,080
Income from continuing operations			(2,293,107	)			23,983,417				(4,687,712	)			41,911,245
Net income			(2,538,089	)			23,429,704				(6,167,189	)			41,162,122

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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 325
-URI http://asc.fasb.org/topic&trid=2197064

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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/topic&trid=75115024

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-Name Accounting Standards Codification
-Topic 320
-URI http://asc.fasb.org/topic&trid=2196928

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-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

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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).

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