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Investments (Tables)
12 Months Ended
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Summary of market value of investments
The following table summarizes the carrying value of the Company’s investments as of December 31, 2023 and 2022:
As of December 31,
20232022
Fair value investments:
Securities held in Consolidated Funds(a)
— $54,740,993 
Company-sponsored investments$63,208,573 66,828,910 
  Company-sponsored equity method investments84,530,289 24,105,808 
Total Investments$147,738,862 $145,675,711 
(a) Of the securities held in the Consolidated Funds as of December 31, 2022, DHCM directly held $37.5 million and non-controlling shareholders held $17.2 million.
Investment Income
The components of net investment income (loss) are as follows:
For the Year Ended December 31,
202320222021
Realized gains (losses)$39,096 $(118,408)$15,676,405 
Change in unrealized15,690,012 (24,082,672)(2,352,649)
Dividends7,517,393 4,193,792 3,221,448 
Other loss(175,060)(179,223)(163,988)
Investment income (loss), net$23,071,441 $(20,186,511)$16,381,216 
Equity Method Investments
The following table includes the condensed summary financial information from the Company’s equity method investments as of December 31, 2023 and 2022, and for the years ended December 31, 2023, 2022, and 2021:
As of December 31,
20232022
Total assets$162,145,182 $38,828,388 
Total liabilities4,551,099 278,675 
Net assets157,594,083 38,549,713 
DHCM’s portion of net assets$84,530,289 $24,105,808 
For the Year Ended December 31,
202320222021
Investment income$1,349,183 $413,528 $106,440 
Expenses460,670 134,478 37,820 
Net realized gains
311,950 378,476 — 
Change in unrealized15,879,847 (402,230)977,920 
Net income17,080,310 255,296 1,046,540 
DHCM’s portion of net income (loss)$9,728,056 $(405,393)$914,855