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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2018
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 March 31, 2018 and December 31, 2017:

 

    Fair Value Measurements at Reporting Date Using  
          Quoted Prices     Significant        
          In Active     Other     Significant  
          Markets for     Observable     Unobservable  
          Identical Assets     Inputs     Inputs  
    Total     (Level 1)     (Level 2)     (Level 3)  
As of March 31, 2018:                                
Marketable Securities - Preferred stock   $ 4,235,351     $ 4,235,351     $ -0-     $ -0-  
Marketable Securities - Common stock     109,108,421       109,108,421       -0-       -0-  
Total   $ 113,343,772     $ 113,343,772     $ -0-     $ -0-  
                                 
As of December 31, 2017:                                
Marketable Securities - Preferred stock   $ 5,377,522     $ 5,377,522     $ -0-     $ -0-  
Marketable Securities - Common stock     127,586,754       127,586,754       -0-       -0-  
Total   $ 132,964,276     $ 132,964,276     $ -0-     $ -0-