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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2019

FAIR VALUE OF FINANCIAL INSTRUMENTS

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


		December 31, 2019
		Level 1			Level 2			Level 3			Total
Mutual funds and exchange traded funds		$	6,708,746		$	—		$	—		$	6,708,746
Certificates of deposit			—			1,062,914			—			1,062,914
		$	6,708,746		$	1,062,914		$	—		$	7,771,660


		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


		December 31, 2019
					Gross Unrealized						Aggregate
		Cost			Gains			Losses			Fair Value
Mutual funds and exchange traded funds		$	6,592,345		$	116,401		$	—		$	6,708,746
Certificates of deposit			1,050,000			12,914			—			1,062,914
		$	7,642,345		$	129,315			—		$	7,771,660


		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