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Investments (Tables)

6 Months Ended

Jun. 30, 2021

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 June 30, 2021 and December 31, 2020:

			As of
			June 30, 2021						December 31, 2020
Fair value investments:
Securities held in Consolidated Funds(a)			$	52,638,472					$	33,233,307
Company sponsored investments			98,061,822						95,167,829
Company sponsored equity method investments			9,903,190						—
Total Investments			$	160,603,484					$	128,401,136

(a) Of the securities held in the Consolidated Funds as of June 30, 2021, the Company directly held $37.6 million and noncontrolling shareholders held $15.0 million. Of the securities held in the Consolidated Funds as of December 31, 2020, the Company directly held $23.6 million and noncontrolling shareholders held $9.6 million.

Schedule of Investment Income

The components of net investment income (loss) are as follows:

			Three Months Ended June 30,												Six Months Ended June 30,
			2021						2020						2021						2020
Realized gains (losses)			$	1,535,575					$	(925,889)					$	4,059,080					$	(1,743,428)
Unrealized gains (losses)			3,756,121						11,948,270						6,261,465						(10,519,328)
Dividends			604,921						570,538						1,269,930						1,464,951
Other			(19,531)						(30,295)						(49,935)						(37,663)
Investment income (loss), net			$	5,877,086					$	11,562,624					$	11,540,540					$	(10,835,468)

Equity Method Investments

The following table includes the condensed summary financial information from the Company's equity method investments as of and for the three- and six-month periods ended June 30, 2021:

									As of
									June 30, 2021
Total assets									$	11,609,592
Total liabilities									130,745
Net assets									11,478,847
DHCM's portion of net assets									$	9,903,190
			For the Three Months Ended						For the Six Months Ended
			June 30, 2021						June 30, 2021
Investment income			$	5,600					$	5,600
Expenses			8,857						8,857
Net unrealized depreciation			(117,896)						(117,896)
Net loss			(121,153)						(121,153)
DHCM's portion of net loss			$	(96,810)					$	(96,810)

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- 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.

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