RESTRICTED CASH

As of March 31, 2017, the Company is required to maintain certain cash balances with counterparties for broker activity and collateral for the Company's repurchase agreements in non-interest bearing accounts.

The following table presents the Company's restricted cash balances as of March 31, 2017 and December 31, 2016:



	March 31, 2017			December 31, 2016
Restricted cash balance held by:
Broker counterparties for derivatives trading	$	(915,590	)	$	(4,244,678	)
Repurchase counterparties as restricted collateral	7,693,120			10,355,222
Total	$	6,777,530		$	6,110,544