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MARKETABLE EQUITY SECURITIES | 3 Months Ended
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Mar. 31, 2021
Marketable Securities [Abstract] |
MARKETABLE SECURITIES | 8. Marketable Equity Securities Marketable securities in equity securities with readily determinable market prices consisted of the following as of March 31, 2021 and December 31, 2020:
|  |  | Marketable equity securities at March 31, 2021 |
|  |  |  |  |  |  |  | Gross unrealized |  |  |  | Gross unrealized |  |  |  |  |
|  |  |  | Cost |  |  |  | gains |  |  |  | losses |  |  |  | Fair value |
Common shares |  |  | $ | 15,225,347 |  |  | $ | 3,733,672 |  |  | $ | (805,156 | ) |  | $ | 18,153,863 |
|  |  | Marketable equity securities at December 31, 2020 |
|  |  |  |  |  |  |  | Gross unrealized |  |  |  | Gross unrealized |  |  |  |  |
|  |  |  | Cost |  |  |  | gains |  |  |  | losses |  |  |  | Fair value |
Common shares |  |  | $ | 1,505,686 |  |  | $ | 1,083,532 |  |  | $ | (26,235 | ) |  | $ | 2,562,983 |
Marketable equity securities The following table presents additional information about marketable equity securities:
|  | Marketable |
|  | Equity Securities |
Balance at January 1, 2021 |  | $ | 2,562,983 |
Purchases of marketable equity securities in operations |  |  | 62,994,562 |
Sales of marketable equity securities in operations |  |  | (54,124,898 | )
Sales of marketable equity securities |  |  | (430,124 | )
Realized gains on marketable equity securities |  |  | 4,891,601 |
Unrealized gains on marketable equity securities |  |  | 2,259,739 |
Balance at March 31, 2021 |  | $ | 18,153,863 |
At March 31, 2021 and December 31, 2020, the Company had invested in the marketable equity securities of certain publicly traded companies. The Company’s investment in marketable equity securities will be revalued on each balance sheet date. The fair value of the Company’s holdings in marketable equity securities at March 31, 2021and December 31, 2020 is a Level 1 measurement based on quoted prices in an active market. At March 31, 2021 and December 31, 2020, the Company also held an investment in a limited partnership. This investment does not have a readily determinable fair value and has been measured at cost less impairment, if any, and adjusted for observable price changes for identical or similar investments. Naked Brand Group stock purchase agreement On March 29, 2021, DP Lending entered into a stock purchase agreement with an institutional investor (the “Seller”) to purchase 47,058,824 shares of Naked Brand Group Limited (the “NAKD shares”). Under the agreement, DP Lending agreed to sell the NAKD shares and pay the Seller 99% of the net proceeds from the sale. As of March 31, 2021, the fair value of the NAKD shares was $33.6 million and is included in securities purchased under agreement to resell. The Company also recorded a $33.3 million stock purchase consideration payable and a $336,000 contract liability as of March 31, 2021.

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