XML 43 R28.htm IDEA: XBRL DOCUMENT v3.25.0.1
Investments (Tables)
 12 Months Ended
Dec. 31, 2024
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, 2024 and 2023:
As of December 31,
20242023
Fair value investments:
Securities held in Consolidated Funds(a)
$35,583,162 — 
Company-sponsored investments30,146,571 $63,208,573 
  Company-sponsored equity method investments94,023,248 84,530,289 
Total Investments$159,752,981 $147,738,862 
(a) Of the securities held in the Consolidated Funds as of December 31, 2024, DHCM directly held $35.4 million and non-controlling shareholders held $0.2 million.
Investment Income
The components of net investment income (loss) are as follows:
For the Year Ended December 31,
202420232022
Realized gains (losses)$141,604 $39,096 $(118,408)
Change in unrealized9,809,930 15,690,012 (24,082,672)
Dividends4,922,446 7,517,393 4,193,792 
Interest income298,186 — — 
Other loss(52,966)(175,060)(179,223)
Investment income (loss), net$15,119,200 $23,071,441 $(20,186,511)
Equity Method Investments
The following table includes the condensed summary financial information from the Company’s equity method investments as of December 31, 2024 and 2023, and for the years ended December 31, 2024, 2023, and 2022:
As of December 31,
20242023
Total assets$211,179,739 $162,145,182 
Total liabilities8,334,844 4,551,099 
Net assets202,844,895 157,594,083 
DHCM’s portion of net assets$94,023,248 $84,530,289 
For the Year Ended December 31,
202420232022
Investment income$4,406,158 $1,349,183 $413,528 
Expenses1,686,238 460,670 134,478 
Net realized gains
6,957,654 311,950 378,476 
Change in unrealized4,988,298 15,879,847 (402,230)
Net income14,665,872 17,080,310 255,296 
DHCM’s portion of net income (loss)$9,039,837 $9,728,056 $(405,393)