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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 46,991,879 $ 63,195,302
Investments 147,738,862 145,675,711
Accounts receivable 18,051,241 17,329,034
Prepaid expenses 3,509,460 3,435,269
Income taxes receivable 1,620,864 1,463,547
Property and equipment, net of depreciation 2,591,604 4,348,341
Deferred taxes 11,590,438 14,374,206
Total assets 232,094,348 249,821,410
Liabilities    
Accounts payable and accrued expenses 6,190,370 9,177,977
Accrued incentive compensation 29,500,000 32,100,000
Deferred compensation 36,087,170 30,744,990
Total liabilities 71,777,540 72,022,967
Redeemable noncontrolling interest 0 14,126,198
Permanent Shareholders’ Equity    
Common shares, no par value: 7,000,000 shares authorized; 2,823,076 issued and outstanding at December 31, 2023 (inclusive of 190,172 unvested shares); 3,010,457 issued and outstanding at December 31, 2022 (inclusive of 219,459 unvested shares) 22,164,410 51,688,631
Preferred stock, undesignated, 1,000,000 shares authorized and unissued 0 0
Deferred equity compensation (15,392,418) (17,011,144)
Retained earnings 153,544,816 128,994,758
Total permanent shareholders’ equity 160,316,808 163,672,245
Total liabilities and shareholders’ equity $ 232,094,348 $ 249,821,410