Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2018

Accounting Policies [Abstract]

Summary of Effects of Adopting Accounting Standards on Financial Statements

The following table summarizes the effects of adopting ASU 2016-01 on the Company’s financial statements for the year beginning January 1, 2018 as an adjustment to the opening balance:

	Balance at		Adjustments from			Balance at
	December 31, 2017		Financial Instruments			January 1, 2018
	As Previously Reported		Update ASU 2016-01			As Adjusted
Assets:
Investments in securities	$	1,552,090	$	(1,552,090	)	$	—
Marketable equity securities	$	—	$	1,552,090		$	1,552,090
Equity:
Accumulated other comprehensive income	$	796,603	$	(796,603	)	$	—
Retained earnings	$	3,746,323	$	796,603		$	4,542,926

Schedule of Reconciliation of Cash, Cash Equivalents, and Restricted Cash in Consolidated Balances Sheets to Consolidated Statements of Cashflows

The following table provides a reconciliation of cash, cash equivalents, and restricted cash in our consolidated balances sheets to the total amount shown in our consolidated statements of cash flows:

	June 30, 2018		June 30, 2017
Cash and cash equivalents	$	2,206,687	$	2,813,396
Restricted cash		147,478		70,478
Total cash, cash equivalents, and restricted cash as shown in our consolidated statements of cash flows	$	2,354,165	$	2,883,874