SEGMENT INFORMATION - Reconciliation of Segment Revenues (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting, Revenue Reconciling Item [Line Items]
Advisory services, external customers	$ 6,907,910	$ 7,770,761
Advisory Services Other Segments	0	0
Interest and dividend income	9,328,000	9,988,000
Interest expense	6,175,000	5,520,000
Net revenues	10,061,000	12,239,000
Other Income	(603,000)	(11,448,000)
Operating Expenses	6,440,000	6,442,000
Intercompany Expenses	0	0
Net (loss) income before income tax provision (benefit)	3,018,365	(5,651,206)
Assets	280,203,667	259,399,676
Asset Management Segment [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Assets	1,457,000	1,488,000
Investment Portfolio Segment [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Assets	263,938,000	245,866,000
Operating Segments [Member] | Asset Management Segment [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Advisory services, external customers	6,908,000	7,771,000
Advisory Services Other Segments	271,000	251,000
Interest and dividend income	0	0
Interest expense	0	0
Net revenues	7,179,000	8,022,000
Other Income	0	0
Operating Expenses	2,750,000	2,822,000
Intercompany Expenses	0	0
Net (loss) income before income tax provision (benefit)	4,429,000	5,200,000
Operating Segments [Member] | Investment Portfolio Segment [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Advisory services, external customers	0	0
Advisory Services Other Segments	0	0
Interest and dividend income	9,327,000	9,986,000
Interest expense	4,603,000	4,029,000
Net revenues	4,724,000	5,957,000
Other Income	112,000	(12,794,000)
Operating Expenses	3,690,000	3,620,000
Intercompany Expenses	271,000	251,000
Net (loss) income before income tax provision (benefit)	875,000	(10,708,000)
Corporate, Non-Segment [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Advisory services, external customers	0	0
Advisory Services Other Segments	0	0
Interest and dividend income	1,000	2,000
Interest expense	1,572,000	1,491,000
Net revenues	(1,571,000)	(1,489,000)
Other Income	(715,000)	1,346,000
Operating Expenses	0	0
Intercompany Expenses	0	0
Net (loss) income before income tax provision (benefit)	(2,286,000)	(143,000)
Assets	14,809,000	12,046,000
Intersegment Eliminations [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Advisory services, external customers	0	0
Advisory Services Other Segments	(271,000)	(251,000)
Interest and dividend income	0	0
Interest expense	0	0
Net revenues	(271,000)	(251,000)
Other Income	0	0
Operating Expenses	0	0
Intercompany Expenses	(271,000)	(251,000)
Net (loss) income before income tax provision (benefit)	$ 0	$ 0