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QUARTERLY FINANCIAL DATA (Unaudited)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Data [Abstract]  
QUARTERLY FINANCIAL DATA (Unaudited)
NOTE 7 - QUARTERLY FINANCIAL DATA (Unaudited)
 
The following summarized (unaudited) quarterly financial information presents the results of operations and other data for three-month periods ended March 31, June 30, September 30 and December 31, 2017 and 2016.
 
 
 
First
Quarter
2017
 
Second
Quarter
2017
 
Third
Quarter
2017
 
Fourth
Quarter
2017
 
Total Income (Loss)
 
$
(8,301,247)
 
$
(8,631,948)
 
$
15,602,885
 
$
17,689,246
 
Total Expenses
 
 
358,711
 
 
287,274
 
 
292,404
 
 
300,890
 
Expense Waivers
 
 
(120,259)
 
 
(63,219)
 
 
(66,850)
 
 
(81,105)
 
Net Expenses
 
 
238,452
 
 
224,055
 
 
225,554
 
 
219,785
 
Net Income (Loss)
 
$
(8,539,699)
 
$
(8,856,003)
 
$
15,377,331
 
$
17,469,461
 
Net Income (Loss) per Share
 
$
(1.20)
 
$
(1.53)
 
$
2.22
 
$
2.99
 
 
 
 
First
Quarter
2016
 
Second
Quarter
2016
 
Third
Quarter
2016
 
Fourth
Quarter
2016
 
Total Income (Loss)
 
$
6,608,262
 
$
23,198,440
 
$
(1,430,260)
 
$
9,627,887
 
Total Expenses
 
 
272,050
 
 
314,611
 
 
295,596
 
 
307,039
 
Expense Waivers
 
 
(59,762)
 
 
(36,554)
 
 
(43,026)
 
 
(50,753)
 
Net Expenses
 
 
212,288
 
 
278,057
 
 
252,570
 
 
256,286
 
Net Income (Loss)
 
$
6,395,974
 
$
22,920,383
 
$
(1,682,830)
 
$
9,371,601
 
Net Income (Loss) per Share
 
$
0.09
 
$
2.55
 
$
(0.27)
 
$
1.11