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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2020

FAIR VALUE OF FINANCIAL INSTRUMENTS

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


		December 31, 2020
		Level 1			Level 2			Level 3			Total
Equity securities		$	3,990,533		$	—		$	—		$	3,990,533
Mutual funds and exchange traded funds			4,013,956			—			—			4,013,956
Certificates of deposit			—			77,344			—			77,344
		$	8,004,489		$	77,344		$	—		$	8,081,833


		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


		December 31, 2020
					Gross Unrealized						Aggregate
		Cost			Gains			Losses			Fair Value
Equity securities		$	2,098,144		$	1,892,389		$	—		$	3,990,533
Mutual funds and exchange traded funds			3,909,364			104,592			—			4,013,956
Certificates of deposit			75,000			2,344			—			77,344
		$	6,082,508		$	1,999,325		$	—		$	8,081,833


		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