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Fair Value Measurement (Details 1) - USD ($)
10 Months Ended 12 Months Ended
Feb. 28, 2017
Dec. 31, 2017
Dec. 31, 2018
Beginning balance $ 17,982,135 $ 4,989,490 $ 1,070,940
Transfer out of Level 3 due to change in status – consolidated subsidiary [1] (757,647)    
Reclassification between different investment type [2]    
Transfer out of fair value leveling since recorded as cost method (12,234,998) [3] (3,079,715) [2]  
Change in unrealized (depreciation) appreciation   (838,835)  
Ending Balance 4,989,490 1,070,940  
Net change in unrealized (depreciation) appreciation relating to investments   (836,530)  
Convertible notes [Member]      
Beginning balance 3,082,020 3,082,020
Transfer out of Level 3 due to change in status – consolidated subsidiary [1]    
Reclassification between different investment type [2]   (3,079,715)  
Transfer out of fair value leveling since recorded as cost method [3] [2]  
Change in unrealized (depreciation) appreciation   (2,305)  
Ending Balance 3,082,020  
Net change in unrealized (depreciation) appreciation relating to investments    
Aptorum Therapeutics - related party [Member]      
Beginning balance 757,647
Transfer out of Level 3 due to change in status – consolidated subsidiary [1] (757,647)    
Reclassification between different investment type [2]    
Transfer out of fair value leveling since recorded as cost method [3] [2]  
Change in unrealized (depreciation) appreciation    
Ending Balance  
Net change in unrealized (depreciation) appreciation relating to investments    
Warrants [Member]      
Beginning balance 1,907,470 1,907,470 1,070,940
Transfer out of Level 3 due to change in status – consolidated subsidiary [1]    
Reclassification between different investment type [2]    
Transfer out of fair value leveling since recorded as cost method [3] [2]  
Change in unrealized (depreciation) appreciation   (836,530) (955,219)
Ending Balance 1,907,470 1,070,940 115,721
Net change in unrealized (depreciation) appreciation relating to investments   (836,530) (955,219)
Common Stock      
Beginning balance 7,920,000
Transfer out of Level 3 due to change in status – consolidated subsidiary [1]    
Reclassification between different investment type [2]    
Transfer out of fair value leveling since recorded as cost method (7,920,000) [3] [2]  
Change in unrealized (depreciation) appreciation    
Ending Balance  
Net change in unrealized (depreciation) appreciation relating to investments    
Preferred Stock      
Beginning balance 4,314,998
Transfer out of Level 3 due to change in status – consolidated subsidiary [1]    
Reclassification between different investment type [2]   3,079,715  
Transfer out of fair value leveling since recorded as cost method (4,314,998) [3] (3,079,715) [2]  
Change in unrealized (depreciation) appreciation    
Ending Balance  
Net change in unrealized (depreciation) appreciation relating to investments    
[1] Upon the effective date of the change in status, March 1, 2017, the subsidiaries were no longer recognized at fair value and were instead consolidated when preparing the financial statements.
[2] On March 9, 2017, the convertible promissory notes (including its accrued interest, totally $520,822) of Centrexion Therapeutics Corporation was converted into preferred stock (Series C) of the same company. On May 25, 2017, the convertible promissory notes (including its accrued interest, totaling $2,558,893) of Alzheon Inc., was converted into preferred stock (Series B) of the same company. The preferred stocks are considered non-marketable investments and were therefore reclassified out of the fair value hierarchy to be reported under cost method.
[3] The equity investments of common stock and preferred stock were non-marketable investments under cost method upon change in status. Subsequently, Athenex Inc. was listed on the NASDAQ stock exchange on June 14, 2017 and common stock with an amount of $7,920,000 has been transferred to common stock in Level 1 with amount of $7,920,000, which was subsequently sold in December 2017 with a gain from the marketable securities of $3,722,234 recognized.