Note 7 - Investments in Equity Securities

12 Months Ended

Dec. 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 as of December 31, 2021 and 2020 are summarized in the table below:

	BALANCE AT BEGINNING OF YEAR		ACQUISITIONS, DISPOSITIONS AND SETTLEMENTS		UNREALIZED GAINS INCLUDED IN EARNINGS			REALIZED GAINS INCLUDED IN EARNINGS		BALANCE AT DECEMBER 31
2020	$	-	$	949,293	$	585,107		$	-	$	1,534,400
2021	$	1,534,400	$	19,698	$	(188,615	)	$	152,761	$	1,518,244

Unrealized gains (losses) on equity securities were ($188,615) and $585,107 for the years ending December 31, 2021 and December 31, 2020 respectively. Realized gains (losses) on equity securities were $152,761 and $0 for the years ending December 31, 2021 and December 31, 2020 respectively.

Investments by fair value level in the hierarchy as of December 31, 2021 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	$	1,518,244	$	-	$	-	$	1,518,244

Investments by fair value level in the hierarchy as of 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	$	1,534,400	$	-	$	-	$	1,534,400