Investments (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31, 2024 and December 31, 2023:

	As of
	March 31, 2024		December 31, 2023
Fair value investments:
Company sponsored investments	$	63,845,000	$	63,208,573
Company sponsored equity method investments	91,077,301		84,530,289
Total Investments	$	154,922,301	$	147,738,862

Schedule of Investment Income

The components of net investment income are as follows:

	Three Months Ended March 31,
	2024		2023
Realized gains	$	378,955	$	819,135
Change in unrealized	8,048,712		5,808,171
Dividends	953,216		1,509,288
Other	(15,205)		(53,856)
Investment income, net	$	9,365,678	$	8,082,738

Equity Method Investments

The following table includes the condensed summary financial information from the Company’s equity method investments as of and for the three-month period ended March 31, 2024:

	As of
	March 31, 2024
Total assets	$	191,222,441
Total liabilities	4,685,754
Net assets	186,536,687
DHCM’s portion of net assets	$	91,077,301
	For the Three Months Ended
	March 31, 2024
Investment income	$	1,134,941
Expenses	386,493
Net realized gains	2,154,065
Change in unrealized	9,688,596
Net income	12,591,109
DHCM’s portion of net income	$	6,274,620