Investments in Securities

12 Months Ended

Dec. 31, 2017

Investments Debt And Equity Securities [Abstract]

Investments in Securities

4. INVESTMENTS IN SECURITIES

Investments in securities as of December 31, 2017 and 2016consisted of the following:

			Gross Unrealized
December 31, 2017	Cost Basis		Gains		Losses		Value
Investment securities, available-for-sale
Common stocks	$	755,487	$	796,603	$	—	$	1,552,090
Total investment in securities	$	755,487	$	796,603	$	—	$	1,552,090
			Gross Unrealized
December 31, 2016	Cost Basis		Gains		Losses		Value
Investment securities, available-for-sale
Common stocks	$	755,487	$	718,463	$	—	$	1,473,950
Total investment in securities	$	755,487	$	718,463	$	—	$	1,473,950

During the year ended December 31, 2017, there were no transactions in investment securities available-for-sale. During the period ended December 31, 2016, proceeds from the sale of investment securities available-for-sale was $2,294,796 and the Company recorded realized gains from the sale of those securities  of $602,428.