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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 63,195,302 $ 80,550,393
Investments 145,675,711 166,656,001
Accounts receivable 17,329,034 20,443,562
Prepaid expenses 3,435,269 2,555,296
Income taxes receivable 1,463,547 0
Property and equipment, net of depreciation 4,348,341 6,100,599
Deferred taxes 14,374,206 9,847,552
Total assets 249,821,410 286,153,403
Liabilities    
Accounts payable and accrued expenses 9,177,977 8,588,713
Accrued incentive compensation 32,100,000 37,235,418
Deferred compensation 30,744,990 37,348,294
Income taxes payable 0 801,740
Total liabilities 72,022,967 83,974,165
Redeemable noncontrolling interest 14,126,198 17,756,336
Permanent Shareholders’ Equity    
Common stock, no par value: 7,000,000 shares authorized; 3,010,457 issued and outstanding at December 31, 2022 (inclusive of 219,459 unvested shares); 3,171,536 issued and outstanding at December 31, 2021 (inclusive of 201,170 unvested shares) 51,688,631 80,434,049
Preferred stock, undesignated, 1,000,000 shares authorized and unissued 0 0
Deferred equity compensation (17,011,144) (15,268,705)
Retained earnings 128,994,758 119,257,558
Total permanent shareholders’ equity 163,672,245 184,422,902
Total liabilities and shareholders’ equity $ 249,821,410 $ 286,153,403