Quarterly report pursuant to Section 13 or 15(d)

Investments and fair value (Tables)

v3.21.2
Investments and fair value (Tables)
6 Months Ended
Jun. 30, 2021
Investments, All Other Investments [Abstract]  
Schedule of hierarchy of level 1, level 2 and level 3 assets

The hierarchy of Level 1, Level 2 and Level 3 Assets are listed as following:

 

    (Level 1)     (Level 2)     (Level 3)     (Level 3)     (Level 3)  
                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, 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  
Total gains or losses                                        
Included in earnings (or changes in net assets)     (6,573 )     -       -       -       -  
Purchases, issuances, sales, and settlements                                        
Purchases     38,470       -       -       -       -  
Issuances     -       -       -       -       -  
Sales     (42,913 )     -       -       -       -  
Settlements     -       -       -       -       -  
Balance at June 30, 2021   $ 23,810     $ -     $ 381,529     $ 1,000     $ 204,028  
Schedule of amortized costs, gross unrealized holding gains and losses, and fair values of investment securities

The amortized costs, gross unrealized holding gains and losses, and fair values of the Company’s investment securities classified as equity securities, at fair value, at June 30, 2021 consists of the following:

 

Type   Amortized Costs     Gross Unrealized Gains     Gross Unrealized Losses     Fair Values  
                         
NASDAQ listed company stock   $ 38,470     $ (14,660 )   $ -     $ 23,810  
    $ 38,470     $ (14,660 )   $ -     $ 23,810  
Schedule of portion of unrealized gains and losses related to equity securities

The portion of unrealized gains and losses for the period related to equity securities still held at the reporting date is calculated as follows:

    2021     2020     2021     2020  
    Three Months Ended June 30,     Six Months Ended June 30,  
    2021     2020     2021     2020  
Net gains and losses recognized during the period on equity securities   $ 4,849     $ 4,288     $ (14,660 )   $ (750 )
                                 
Less: Net gains (losses) recognized during the period on equity securities sold during the period     -       -       -       -  
                                 
Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date   $ 4,849     $ 4,288     $ (14,660 )   $ (750 )