Concentrations of Credit Risk (Tables)

9 Months Ended

Sep. 30, 2020

Concentrations of Credit Risk [Abstract]

Allocation of Oil and Gas Investments by Type

The Company owns a variety of investments associated with the oil and gas industry. These investments represent approximately 17% and 25% of the Company's total invested assets as of September 30, 2020 and December 31, 2019, respectively. The following table provides an allocation of the oil and gas investments by type.

		September 30, 2020		December 31, 2019
Land, mineral, and royalty interests	$	57,246,945	$	80,182,100
Transportation		0		3,812,565
Exploration		1,258,750		2,824,810
Total	$	58,505,695	$	86,819,475

The Company’s results of operations and financial condition have in the past been, and may in the future be, adversely affected by the degree of certain industry specific concentrations in the Company’s investment portfolio. The Company has significant exposure to investments associated with the oil and gas industry. Events or developments that have a negative effect on the oil and gas industry may adversely affect the valuation of our investments in this specific industry. The Company’s ability to sell its investments associated with the oil and gas industry may be limited.