XML 36 R22.htm IDEA: XBRL DOCUMENT
v3.20.4

Investments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract] |
Summary of market value of investments | The following table summarizes the carrying value of the Company's investments as of December 31, 2020 and 2019:
| As of December 31,
| 2020 |  | 2019
Fair value investments: |  |  |
Securities held in Consolidated Funds(a) | $ | 33,233,307 |  |  | $ | 36,248,360 |
Company-sponsored investments | 95,167,829 |  |  | 42,039,044 |
Company-sponsored equity method investments | — |  |  | 61,149,774 |
Total Investments | $ | 128,401,136 |  |  | $ | 139,437,178 |
(a) Of the securities held in the Consolidated Funds as of December 31, 2020, the Company directly held $23.6 million and non-controlling shareholders held $9.6 million. Of the securities held in the Consolidated Funds as of December 31, 2019, the Company directly held $21.1 million and non-controlling shareholders held $15.1 million.
Investment Income | The components of net investment income (loss) are as follows:
| For the Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Realized gains (losses) | $ | (1,488,059) |  |  | $ | 9,056,152 |  |  | $ | 2,143,695 |
Unrealized gains (losses) | 5,348,243 |  |  | 15,086,747 |  |  | (16,067,048) |
Dividend income | 2,824,542 |  |  | 5,350,146 |  |  | 2,814,026 |
Interest income | — |  |  | 987,240 |  |  | 4,857,261 |
Other investment income (loss) | (99,877) |  |  | 27,090 |  |  | (20,612) |
Investment income (loss), net | $ | 6,584,849 |  |  | $ | 30,507,375 |  |  | $ | (6,272,678) |
Equity Method Investments | The following table includes the condensed summary financial information from the Company’s equity method investments as of December 31, 2020 and 2019, and for the years ended December 31, 2020, 2019, and 2018:
|  |  | As of December 31,
|  |  | 2020 |  | 2019
Total assets |  |  | $ | — |  |  | $ | 237,073,628 |
Total liabilities |  |  | — |  |  | 38,453,935 |
Net assets |  |  | — |  |  | 198,619,693 |
DHCM’s portion of net assets |  |  | $ | — |  |  | $ | 61,149,774 |
| For the Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Investment income | $ | 4,246,021 |  |  | $ | 5,346,588 |  |  | $ | 1,154,007 |
Expenses | 1,114,278 |  |  | 1,551,291 |  |  | 978,322 |
Net realized gains (losses) | (1,577,639) |  |  | 6,390,727 |  |  | 1,918,661 |
Net change in unrealized appreciation (depreciation) | 2,289,667 |  |  | 14,805,837 |  |  | (10,229,319) |
Net income (loss) | 3,843,771 |  |  | 24,991,861 |  |  | (8,134,973) |
DHCM’s portion of net income (loss) | $ | 1,807,279 |  |  | $ | 8,301,571 |  |  | $ | (2,400,467) |

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
- Definition Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.9) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.2) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(a),(b)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 + Details
Name: | us-gaap_InvestmentIncomeTextBlock
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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-12B) -URI http://asc.fasb.org/extlink&oid=120401592&loc=d3e611197-123010 + Details
Name: | us-gaap_SummaryInvestmentHoldingsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration