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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2020

FAIR VALUE OF FINANCIAL INSTRUMENTS

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


		June 30, 2020
		Level 1			Level 2			Level 3			Total
Equity securities		$	2,894,835		$	—		$	—		$	2,894,835
Mutual funds and exchange traded funds			6,785,155			—			—			6,785,155
Certificates of deposit			—			1,080,840			—			1,080,840
		$	9,679,990		$	1,080,840		$	—		$	10,760,830


		December 31, 2019
		Level 1			Level 2			Level 3			Total
Equity securities		$	—		$	—		$	—		$	—
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


		June 30, 2020
					Gross Unrealized						Aggregate
		Cost			Gains			Losses			Fair Value
Equity securities		$	2,039,148		$	855,687		$	—		$	2,894,835
Mutual funds and exchange traded funds			6,671,607			113,548			—			6,785,155
Certificates of deposit			1,050,000			30,840			—			1,080,840
		$	9,760,755		$	1,000,075			—		$	10,760,830


		December 31, 2019
					Gross Unrealized						Aggregate
		Cost			Gains			Losses			Fair Value
Equity securities		$	—		$	—		$	—		$	—
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