Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Liabilities Recognized at Fair Value on a Recurring Basis

The fair value of these financial assets and liabilities was determined using the following inputs at September 30, 2016 and December 31, 2015:

	Fair Value Measurements at Reporting Date Using
				Quoted Prices
				In Active		Significant
				Markets for		Other			Significant
				Identical		Observable			Unobservable
				Assets		Inputs			Inputs
	Total			(Level 1)		(Level 2)			(Level 3)
As of September 30, 2016:
Securities Available for Sale - Preferred stock	$	13,512,526		$	13,512,526	$	-0-		$	-0-
Securities Available for Sale - Common stock		97,533,736			97,533,736		-0-			-0-
Interest Rate Swap (1)		(17,155	)		-0-		(17,155	)		-0-
Total	$	111,029,107		$	111,046,262	$	(17,155	)	$	-0-
As of December 31, 2015:
Securities Available for Sale - Preferred stock	$	14,219,712		$	14,219,712	$	-0-		$	-0-
Securities Available for Sale - Common stock		60,791,548			60,791,548		-0-			-0-
Interest Rate Swap (1)		(1,700	)		-0-		(1,700	)		-0-
Total	$	75,009,560		$	75,011,260	$	(1,700	)	$	-0-

⁽¹⁾ Included in accrued liabilities and deposits