Note 7 - Investments in Equity Securities

3 Months Ended

Mar. 31, 2021

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

7.

 

INVESTMENTS IN EQUITY SECURITIES

Investments in equity securities are summarized in the table below:

	March 31, 2021		December 31, 2020
Fair value of equity securities	$	1,644,975	$	1,534,400
Cost basis		826,224		949,293
Unrealized gain (loss) on equity securities	$	818,751	$	585,107

Unrealized gains were

$233,644

as of

March 31, 2021

compared to

$585,107

as of

December 31, 2020

and unrealized losses were

$0

as of

March 31, 2021

compared to

$0

as of

December 31, 2020.

Realized gains were

$152,748

as of

March 31, 2021

compared to

$0

as of

December 31, 2020

and Realized losses were

$0

as of

March 31, 2021

and

$0

as of

December 31, 2020.

Investments by fair value level in the hierarchy as of

March 31, 2021

and

December 31, 2020

are as follows:

	Quoted Market Prices in Attractive Markets (Level 1)		Models with Significant Observable Market Parameters (Level 2)		Unobservable Inputs that are not Corroborated by Market Data (Level 3)		Total Carrying Value in the Balance Sheet
Common stock as of March 31, 2021	$	1,644,975	$	-	$	-	$	1,644,975
Common stock as of December 31, 2020	$	1,534,400	$	-	$	-	$	1,534,400