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Equity Investments (Tables)

9 Months Ended

Sep. 30, 2018

Equity Investments [Abstract]

Schedule of equity investments owned by levels within the fair value hierarchy

The following are the Company’s equity investments owned by levels within the fair value hierarchy at September 30, 2018:

		Level 1				Level 2				Level 3				Total
Common Stock		$	391,698			$	-			$	-			$	391,698
LLC Membership			-				-				-				-
Warrants			-				-				-				-
Total Investments		$	391,698			$	-			$	-			$	391,698

The following are the Company’s investments owned by levels within the fair value hierarchy at December 31, 2017:

		Level 1				Level 2				Level 3				Total
Common Stock		$	853,163			$	-			$	200			$	853,363
LLC Membership			-				-				9,194				9,194
Convertible Preferred Stock			-				2,600				-				2,600
Warrants			-				-				455,072				455,072
Total Investments		$	853,163			$	2,600			$	464,466			$	1,320,229

Schedule of additional disclosures relate to the changes in fair value of the Company's Level 3 investments

		Nine Months Ended September 30,
		2018				2017
		(Unaudited)				(Unaudited)
Balance at beginning of year		$	464,466			$	474,390
Interest receivable converted to common stock, at cost			-				16,000
Net change in unrealized appreciation on investments			(414,730	)			115,810
Net transfers out of Level 3 (1)			(49,736	)			(100,000	)
Balance at end of period		$	-			$	506,200

		September 30,				December 31,
		2018				2017
		(Unaudited)
Net unrealized depreciation for Level 3 investments at period end		$	-			$	(329,598	)

(1) Transfers occurred due to the expiration of the restriction under Rule 144A of the Securities Act and to the development of an active market. A review of fair value hierarchy classifications is conducted on a quarterly basis.  Changes in the observability of valuation inputs may result in a reclassification for certain financial assets or liabilities.  Reclassifications impacting Level 3 of the fair value hierarchy are reported as transfers in/out of the Level 3 category as of the beginning of the period in which the reclassifications occur.

Schedule of level 3 investments

Investment Type		Fair Value at December 31, 2017				Valuation Technique		Unobservable inputs		Input
Common Stock		$	200			Recent Transactions		N/A		N/A
LLC Membership Units		$	9,194			Recent Transactions		N/A		N/A
Warrants		$	455,072			Black-Scholes Option Pricing Model		Volatility		72.8% to 120.4%
		$	464,466

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Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2.

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