Note 11 - Investments and Fair Value |
Note 11 Investments and fair value
The hierarchy of Level 1, Level 2 and Level 3 Assets are listed as follows:
|
|
|
|
|
|
Fair Value Measurement Using |
|
|
Unadjusted
Quoted
Market
Prices
|
|
Quoted Prices
for Identical
or Similar
Assets in
Active
Markets
|
|
Significant
Unobservable
Inputs
|
|
Significant
Unobservable
Inputs
|
|
Significant
Unobservable
Inputs
|
|
|
(Level 1) |
|
(Level 2) |
|
(Level 3) |
|
(Level 3) |
|
(Level 3) |
|
|
Investment
in
Securities
|
|
|
|
Contractual
interest
Legal
Recovery
|
|
Investment in
Common
Stock
Warrants
|
|
Other Equity
Investments
|
Balance at December 31, 2018 |
$ |
362,585 |
$ |
- |
$ |
800,002 |
$ |
5,669 |
$ |
245,628 |
|
|
|
|
|
|
|
|
|
|
|
Total gains or losses |
|
|
|
|
|
|
|
|
|
|
Included in earnings (or changes in net assets) |
|
(76,395) |
|
- |
|
(600,002) |
|
- |
|
(41,600) |
Purchases, issuances, sales, and settlements |
|
|
|
|
|
|
|
|
|
|
Purchases |
|
- |
|
- |
|
146,195 |
|
- |
|
- |
Issuances |
|
- |
|
- |
|
- |
|
- |
|
- |
Sales |
|
(286,190) |
|
- |
|
- |
|
- |
|
- |
Settlements |
|
- |
|
- |
|
- |
|
- |
|
- |
Balance at December 31, 2019 |
|
- |
|
- |
|
346,195 |
|
5,669 |
|
204,028 |
|
|
|
|
|
|
|
|
|
|
|
Total gains or losses |
|
|
|
|
|
|
|
|
|
|
Included in earnings (or changes in net assets) |
|
(10,292) |
|
- |
|
- |
|
(4,669) |
|
- |
Purchases, issuances, sales, and settlements |
|
|
|
|
|
|
|
|
|
|
Purchases |
|
83,536 |
|
- |
|
50,717 |
|
- |
|
- |
Issuances |
|
- |
|
- |
|
- |
|
- |
|
- |
Sales |
|
(38,418) |
|
- |
|
- |
|
- |
|
- |
Settlements |
|
- |
|
- |
|
(15,383) |
|
- |
|
- |
Balance at December 31, 2020 |
$ |
34,826 |
$ |
- |
$ |
381,529 |
$ |
1,000 |
$ |
204,028 |
The amortized costs, gross unrealized holding gains and losses, and fair values of the Companys investment securities classified as equity securities, at fair value, at December 31, 2020 consists of the following:
Type |
|
Amortized
Costs
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair
Values
|
NYSE listed company stock |
$ |
10,080 |
$ |
(1,025) |
$ |
- |
$ |
9,055 |
NASDAQ listed company stock |
|
35,340 |
|
(9,569) |
|
- |
|
25,771 |
|
$ |
45,420 |
$ |
(10,594) |
$ |
- |
$ |
34,826 |
The portion of unrealized gains and losses for the period related to equity securities still held at the reporting date is calculated as follows:
|
|
Year Ended December 31, |
|
|
2020 |
|
2019 |
Net gains and losses recognized during the period on equity securities |
$ |
(10,291) |
$ |
(76,395) |
|
|
|
|
|
Less: Net gains (losses) recognized during the period on equity securities sold during the period |
|
303 |
|
(76,395) |
|
|
|
|
|
Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date |
$ |
(10,594) |
$ |
- |
|