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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2020

FAIR VALUE OF FINANCIAL INSTRUMENTS

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


		September 30, 2020
		Level 1			Level 2			Level 3			Total
Equity securities		$	2,723,410		$	—		$	—		$	2,723,410
Mutual funds and exchange traded funds			3,902,118			—			—			3,902,118
Certificates of deposit			—			77,921			—			77,921
		$	6,625,528		$	77,921		$	—		$	6,703,449


		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


		September 30, 2020
					Gross Unrealized						Aggregate
		Cost			Gains			Losses			Fair Value
Equity securities		$	2,068,405		$	655,005		$	—		$	2,723,410
Mutual funds and exchange traded funds			3,871,186			30,932			—			3,902,118
Certificates of deposit			75,000			2,921			—			77,921
		$	6,014,591		$	688,858			—		$	6,703,449


		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