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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2019

FAIR VALUE OF FINANCIAL INSTRUMENTS

Summary of value of assets designated as investments in debt and equity securities


		September 30, 2019
		Level 1			Level 2			Level 3			Total
Mutual funds and exchange traded funds		$	6,315,788		$	—		$	—		$	6,315,788
Certificates of deposit			—			1,415,440			—			1,415,440
		$	6,315,788		$	1,415,440		$	—		$	7,731,228


		December 31, 2018
		Level 1			Level 2			Level 3			Total
US Treasury Notes		$	—		$	1,411,156		$	—		$	1,411,156
Certificates of deposit			—			1,575,000			—			1,575,000
		$	—		$	2,986,156		$	—		$	2,986,156

Schedule of unrealized gains (losses) on investments in equity securities


		September 30, 2019
					Gross Unrealized						Aggregate
		Cost			Gains			Losses			Fair Value
Mutual funds and exchange traded funds		$	6,201,500		$	114,288		$	—		$	6,315,788
Certificates of deposit			1,400,000			15,440			—			1,415,440
		$	7,601,500		$	129,728			—		$	7,731,228


		December 31, 2018
					Gross Unrealized						Aggregate
		Cost			Gains			Losses			Fair Value
US Treasury Notes		$	1,411,156		$	—		$	—		$	1,411,156
Certificates of deposit			1,575,000			—			—			1,575,000
		$	2,986,156		$	—			—		$	2,986,156