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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2021

FAIR VALUE OF FINANCIAL INSTRUMENTS

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


		March 31, 2021
		Level 1			Level 2			Level 3			Total
Equity securities		$	9,647,668		$	—		$	—		$	9,647,668
Mutual funds and exchange traded funds			4,039,440			—			—			4,039,440
Certificates of deposit			—			76,779			—			76,779
		$	13,687,108		$	76,779		$	—		$	13,763,887


		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

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


		March 31, 2021
					Gross Unrealized						Aggregate
		Cost			Gains			Losses			Fair Value
Equity securities		$	6,636,822		$	3,010,846		$	—		$	9,647,668
Mutual funds and exchange traded funds			3,948,768			95,899			(5,227)			4,039,440
Certificates of deposit			75,000			1,779			—			76,779
		$	10,660,590		$	3,108,524		$	(5,227)		$	13,763,887


		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