Quarterly report pursuant to Section 13 or 15(d)

Investments and fair value

v3.21.2
Investments and fair value
 9 Months Ended
Sep. 30, 2021
Investments, All Other Investments [Abstract]  
Investments and fair value

Note 10 – Investments and fair value

 

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

    Unadjusted Quoted Market Prices     Quoted Prices for Identical or Similar Assets in Active Markets     Significant Unobservable  Inputs     Significant Unobservable  Inputs     Significant Unobservable  Inputs  
                      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)     (9000 )     -       -       -       -  
Purchases, issuances, sales, and settlements                                        
Purchases     38,470       -       -       -       -  
Issuances     -       -       -       -       -  
Sales     (42,913 )     -       -       -       -  
Settlements     -       -       -       -       -  
Balance at September 30, 2021   $ 21,383     $ -     $ 381,529     $ 1,000     $ 204,028  
                                         

 

 

Note 10 – Investments and fair value (continued)

 

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 September 30, 2021 consists of the following:

 

Schedule of amortized costs, gross unrealized holding gains and losses, and fair values of investment securities

Type   Amortized Costs     Gross Unrealized Gains     Gross Unrealized Losses     Fair Values  
                         
NASDAQ listed company stock   $ 38,470     $ 17,087     $ -     $ 21,383  
    $ 38,470     $ 17,087     $ -     $ 21,383  

 

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

 

Schedule of portion of unrealized gains and losses related to equity securities

    2021     2020     2021     2020  
    Three Months Ended September 30,     Nine Months Ended
September 30,		  
    2021     2020     2021     2020  
Net gains and losses recognized during the period on equity securities   $ (2,427 )   $ (2,758 )   $ 9,001     $ (3,507 )
                                 
Less: Net gains (losses) recognized during the period on equity securities sold during the period     -       -       (2,508 )     -  
                                 
Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date   $ (2,427 )   $ (2,758 )   $ (6,493 )   $ (3,507 )