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Investments (Tables) | 12 Months Ended
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Dec. 31, 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 December 31, 2023 and 2022:
| As of December 31,
| 2023 |  | 2022
Fair value investments: |  |  |
Securities held in Consolidated Funds(a) | — |  |  | $ | 54,740,993 |
Company-sponsored investments | $ | 63,208,573 |  |  | 66,828,910 |
Company-sponsored equity method investments | 84,530,289 |  |  | 24,105,808 |
Total Investments | $ | 147,738,862 |  |  | $ | 145,675,711 |
(a) Of the securities held in the Consolidated Funds as of December 31, 2022, DHCM directly held $37.5 million and non-controlling shareholders held $17.2 million.
Investment Income | The components of net investment income (loss) are as follows:
| For the Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Realized gains (losses) | $ | 39,096 |  |  | $ | (118,408) |  |  | $ | 15,676,405 |
Change in unrealized | 15,690,012 |  |  | (24,082,672) |  |  | (2,352,649) |
Dividends | 7,517,393 |  |  | 4,193,792 |  |  | 3,221,448 |
Other loss | (175,060) |  |  | (179,223) |  |  | (163,988) |
Investment income (loss), net | $ | 23,071,441 |  |  | $ | (20,186,511) |  |  | $ | 16,381,216 |
Equity Method Investments | The following table includes the condensed summary financial information from the Company’s equity method investments as of December 31, 2023 and 2022, and for the years ended December 31, 2023, 2022, and 2021:
|  |  | As of December 31,
|  |  | 2023 |  | 2022
Total assets |  |  | $ | 162,145,182 |  |  | $ | 38,828,388 |
Total liabilities |  |  | 4,551,099 |  |  | 278,675 |
Net assets |  |  | 157,594,083 |  |  | 38,549,713 |
DHCM’s portion of net assets |  |  | $ | 84,530,289 |  |  | $ | 24,105,808 |
| For the Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Investment income | $ | 1,349,183 |  |  | $ | 413,528 |  |  | $ | 106,440 |
Expenses | 460,670 |  |  | 134,478 |  |  | 37,820 |
Net realized gains | 311,950 |  |  | 378,476 |  |  | — |
Change in unrealized | 15,879,847 |  |  | (402,230) |  |  | 977,920 |
Net income | 17,080,310 |  |  | 255,296 |  |  | 1,046,540 |
DHCM’s portion of net income (loss) | $ | 9,728,056 |  |  | $ | (405,393) |  |  | $ | 914,855 |

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