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Statements of Cash Flows - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Cash Flows from Operating Activities: |  |  |
Net income (loss) | $ 14,434,325 | $ (5,508,027) | $ 1,721,955
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |
Unrealized (gain) loss on open futures contracts | (19,374,784) | 26,844,760 | 6,205,208
(Increase) decrease in dividends receivable | (12,055) | 15,874 | (5,975)
(Increase) decrease in interest receivable | (5,156) | 1,530 | (2,694)
(Increase) decrease in prepaid insurance | (9) | (326) | (491)
Increase (decrease) in payable due to Broker | 0 | (7,565,281) | (7,547,510)
Increase (decrease) in General Partner management fees payable | 461 | (18,959) | (17,694)
Increase (decrease) in professional fees payable | (7,904) | (17,856) | 64,802
Increase (decrease) in brokerage commissions payable | 0 | (3,940) | 0
Increase (decrease) in directors' fees payable | 150 | (317) | 66
Increase (decrease) in license fees payable | (862) | (1,572) | (2,320)
Net cash provided by (used in) operating activities | (4,965,834) | 13,745,886 | 415,347
Cash Flows from Financing Activities: |  |  |
Addition of partnership shares | 2,254,827 | 0 | 22,440,164
Redemption of partnership shares | (12,410,743) | (35,247,245) | (58,996,025)
Net cash provided by (used in) financing activities | (10,155,916) | (35,247,245) | (36,555,861)
Net Increase (Decrease) in Cash and Cash Equivalents | (15,121,750) | (21,501,359) | (36,140,514)
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of year | 66,728,725 | 88,230,084 | 124,370,598
Total Cash, Cash Equivalents and Equity in Trading Accounts, end of year | $ 51,606,975 | $ 66,728,725 | $ 88,230,084

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