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Investments (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31, 2022, and December 31, 2021:

			As of
			March 31, 2022						December 31, 2021
Fair value investments:
Securities held in Consolidated Funds(a)			$	75,621,130					$	73,855,204
Company sponsored investments			73,186,055						79,173,437
Company sponsored equity method investments			13,122,983						13,627,360
Total Investments			$	161,930,168					$	166,656,001

(a) Of the securities held in the Consolidated Funds as of March 31, 2022, the Company directly held $53.2 million and noncontrolling shareholders held $22.4 million. Of the securities held in the Consolidated Funds as of December 31, 2021, the Company directly held $55.8 million and noncontrolling shareholders held $18.1 million.

Schedule of Investment Income

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

									Three Months Ended March 31,
															2022						2021
Realized gains															$	1,443,747					$	2,523,505
Change in unrealized															(9,750,856)						2,505,344
Dividends															767,885						665,009
Other															(53,033)						(30,404)
Investment income (loss), net															$	(7,592,257)					$	5,663,454

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-month period ended March 31, 2022:

									As of
									March 31, 2022
Total assets									$	15,466,537
Total liabilities									209,206
Net assets									15,257,331
DHCM's portion of net assets									$	13,122,983
									For the Three Months Ended
									March 31, 2022
Investment income									$	37,843
Expenses									17,667
Net realized losses									(19,569)
Change in unrealized									(1,456,666)
Net loss									(1,456,059)
DHCM's portion of net loss									$	(1,251,721)

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.

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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.

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Tabular disclosure of the summary of investment holdings.

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