XML 36 R21.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Investments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract] |
Summary of market value of investments | The following table summarizes the carrying value of investments as of December 31, 2018 and 2017:
| As of December 31,
| 2018 |  | 2017
Fair value investments: |  |  |
Securities held in Consolidated Funds(a) | $ | 153,730,480 |  |  | $ | 65,890,500 |
Company sponsored investments | 33,418,088 |  |  | 36,541,818 |
Company sponsored equity method investments | 16,339,649 |  |  | 36,043,704 |
Total Investments | $ | 203,488,217 |  |  | $ | 138,476,022 |
(a) Of the securities held in the Consolidated Funds as of December 31, 2018, $84.7 million were held directly by the Company and $69.0 million were held by noncontrolling shareholders. Of the securities held in the Consolidated Funds as of December 31, 2017, $42.6 million were held directly by the Company and $23.3 million were held by noncontrolling shareholders.
Equity Method Investments | The following table includes the condensed summary financial information from the Company’s equity method investments as of December 31, 2018 and 2017 and for the years ended December 31, 2018, 2017 and 2016:
|  |  | As of December 31,
|  |  | 2018 |  | 2017
Total assets |  |  | $ | 80,845,124 |  |  | $ | 144,118,745 |
Total liabilities |  |  | 22,287,437 |  |  | 38,009,765 |
Net assets |  |  | 58,557,687 |  |  | 106,108,980 |
DHCM’s portion of net assets |  |  | 16,339,649 |  |  | 36,043,704 |
| For the Year Ended December 31,
| 2018 |  | 2017 |  | 2016
Investment income | $ | 1,154,007 |  |  | $ | 2,944,836 |  |  | $ | 3,272,972 |
Expenses | 978,322 |  |  | 1,176,896 |  |  | 1,409,896 |
Net realized gains | 1,918,661 |  |  | 4,432,850 |  |  | 1,981,185 |
Net change in unrealized appreciation (depreciation) | (10,229,319 | ) |  | 5,613,627 |  |  | 10,458,073 |
Net income | (8,134,973 | ) |  | 11,814,417 |  |  | 14,302,334 |
DHCM’s portion of net income | (2,400,467 | ) |  | 3,206,702 |  |  | 4,392,636 |

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: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the summary of investment holdings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-12C) -URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611225-123010 + Details
Name: | us-gaap_SummaryInvestmentHoldingsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration