Quarterly report pursuant to Section 13 or 15(d)

Investments and Fair Value of Financial Instruments (Tables)

v3.8.0.1
Investments and Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Investments in and Advances to Affiliates

Investments – Related Parties at Fair Value

 

As of September 30, 2017   Level 1     Level 2     Level 3     Total  
Warrants- Affiliates   $ -     $ -     $ 29,981     $ 29,981  
                                 
As of December 31, 2016     Level 1       Level 2       Level 3       Total  
Warrants- Affiliates   $ -     $ -     $ 42,688     $ 42,688  

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

A reconciliation of Level 3 assets is as follows:

 

    Warrants  
Balance - December 31, 2016   $ 42,688  
Unrealized loss     (12,707 )
Balance - September 30, 2017   $ 29,981  

Schedule of Available-for-Sale Securities

    September 30,
2017
    December 31,
2016
 
Accumulated unrealized (losses) gains related to investments at fair value   $ (66,079 )   $ (53,372 )