XML 53 R23.htm IDEA: XBRL DOCUMENT v3.20.1
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 2020
FAIR VALUE OF FINANCIAL INSTRUMENTS  
Summary of value of assets designated as investments in debt and equity securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2020

 

    

Level 1

    

Level 2

    

Level 3

    

Total

Mutual funds and exchange traded funds

 

$

6,575,762

 

$

—

 

$

 —

 

$

6,575,762

Certificates of deposit

 

 

—

 

 

1,073,319

 

 

 —

 

 

1,073,319

 

 

$

6,575,762

 

$

1,073,319

 

$

 —

 

$

7,649,081

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2020

 

    

 

 

    

Gross Unrealized

    

Aggregate

 

 

Cost

 

Gains

    

Losses

 

Fair Value

Mutual funds and exchange traded funds

 

$

6,634,108

 

$

—

 

$

(58,346)

 

$

6,575,762

Certificates of deposit

 

 

1,050,000

 

 

23,319

 

 

 —

 

 

1,073,319

 

 

$

7,684,108

 

$

23,319

 

 

(58,346)

 

$

7,649,081

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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