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Investments (Tables) | 9 Months Ended
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Sep. 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 September 30, 2021 and December 31, 2020:
| As of
| September 30, 2021 |  | December 31, 2020
Fair value investments: |  |  |
Securities held in Consolidated Funds(a) | $ | 59,329,410 |  |  | $ | 33,233,307 |
Company sponsored investments | 96,127,928 |  |  | 95,167,829 |
Company sponsored equity method investments | 12,235,633 |  |  | — |
Total Investments | $ | 167,692,971 |  |  | $ | 128,401,136 |
(a) Of the securities held in the Consolidated Funds as of September 30, 2021, the Company directly held $45.2 million and noncontrolling shareholders held $14.1 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 September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Realized gains (losses) | $ | 1,185,429 |  |  | $ | 512,265 |  |  | $ | 5,244,509 |  |  | $ | (1,231,163) |
Unrealized gains (losses) | (4,689,325) |  |  | 4,040,917 |  |  | 1,572,140 |  |  | (6,478,411) |
Dividends | 971,107 |  |  | 518,472 |  |  | 2,241,037 |  |  | 1,983,423 |
Other | (96,800) |  |  | (18,860) |  |  | (146,735) |  |  | (56,523) |
Investment income (loss), net | $ | (2,629,589) |  |  | $ | 5,052,794 |  |  | $ | 8,910,951 |  |  | $ | (5,782,674) |
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 nine-month periods ended September 30, 2021:
|  |  | As of
|  |  | September 30, 2021
Total assets |  |  | $ | 14,189,835 |
Total liabilities |  |  | 423,056 |
Net assets |  |  | 13,766,779 |
DHCM's portion of net assets |  |  | $ | 12,235,633 |
| For the Three Months Ended |  | For the Nine Months Ended
| September 30, 2021 |  | September 30, 2021
Investment income | $ | 54,530 |  |  | $ | 60,130 |
Expenses | 5,486 |  |  | 14,343 |
Net unrealized loss | (473,618) |  |  | (591,514) |
Net loss | (424,574) |  |  | (545,727) |
DHCM's portion of net loss | $ | (380,062) |  |  | $ | (476,872) |

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