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Investments (Tables) | 6 Months Ended
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Jun. 30, 2023
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, 2023, and December 31, 2022:
| As of
| June 30, 2023 |  | December 31, 2022
Fair value investments: |  |  |
Securities held in Consolidated Funds(a) | $ | 65,963,712 |  |  | $ | 54,740,993 |
Company sponsored investments | 69,572,732 |  |  | 66,828,910 |
Company sponsored equity method investments | 27,673,694 |  |  | 24,105,808 |
Total Investments | $ | 163,210,138 |  |  | $ | 145,675,711 |
(a) Of the securities held in the Consolidated Funds as of June 30, 2023, DHCM directly held $41.9 million and noncontrolling shareholders held $24.1 million. Of the securities held in the Consolidated Funds as of December 31, 2022, DHCM directly held $37.5 million and noncontrolling shareholders held $17.2 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,
| 2023 |  | 2022 |  | 2023 |  | 2022
Realized (losses) gains | $ | (12,598) |  |  | $ | (1,713,218) |  |  | $ | 806,537 |  |  | $ | (269,471) |
Change in unrealized | 4,843,046 |  |  | (16,769,567) |  |  | 10,651,217 |  |  | (26,520,423) |
Dividends | 1,530,260 |  |  | 863,575 |  |  | 3,039,548 |  |  | 1,631,460 |
Other | (84,000) |  |  | (58,663) |  |  | (137,856) |  |  | (111,696) |
Investment income (loss), net | $ | 6,276,708 |  |  | $ | (17,677,873) |  |  | $ | 14,359,446 |  |  | $ | (25,270,130) |
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 period ended June 30, 2023:
|  |  | As of
|  |  | June 30, 2023
Total assets |  |  | $ | 47,761,709 |
Total liabilities |  |  | 2,617,688 |
Net assets |  |  | 45,144,021 |
DHCM’s portion of net assets |  |  | $ | 27,673,694 |
| For the Three Months Ended |  | For the Six Months Ended
| June 30, 2023 |  | June 30, 2023
Investment income | $ | 187,934 |  |  | $ | 360,119 |
Expenses | 57,510 |  |  | 112,269 |
Net realized gains | 370,937 |  |  | 375,914 |
Change in unrealized | 2,814,978 |  |  | 3,407,104 |
Net income | 3,316,339 |  |  | 4,030,868 |
DHCM’s portion of net income | $ | 2,163,009 |  |  | $ | 2,823,580 |

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