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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities Recognized at Fair Value On a Recurring Basis

The fair value of these certain financial assets and liabilities was determined using the following inputs at December 31, 2017 and 2016:

 

    Fair Value Measurements at Reporting Date Using  
    Total    

Quoted Prices

in Active

Markets for

Identical

Assets

(Level 1)

    Significant Other Observable Inputs (Level 2)    

Significant Unobservable Inputs

(Level 3)

 
                         
December 31, 2017:                                
Equity Securities - Preferred Stock   $ 5,377,522     $ 5,377,522     $ -0-     $ -0-  
Equity Securities - Common Stock     127,586,754       127,586,754       -0-       -0-  
Interest Rate Swap (1)     -0-       -0-       -0-       -0-  
Total   $ 132,964,276     $ 132,964,276     $ -0-     $ -0-  
                                 
December 31, 2016:                                
Equity Securities - Preferred Stock   $ 13,028,200     $ 13,028,200     $ -0-     $ -0-  
Equity Securities - Common Stock     95,726,972       95,726,972       -0-       -0-  
Interest Rate Swap (1)     (3,983 )     -0-       (3,983 )     -0-  
Total   $ 108,751,189     $ 108,755,172     $ (3,983 )   $ -0-  


  (1) Included in accrued liabilities and deposits