| Investments and fair value |
Note
10 – Investments and fair value
The
hierarchy of Level 1, Level 2 and Level 3 Assets are listed as follows:
Schedule of hierarchy of level 1, level 2 and level 3 assets
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Fair Value Measurement Using |
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Unadjusted
Quoted
Market
Prices
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Quoted Prices
for Identical
or Similar
Assets in
Active
Markets
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Significant
Unobservable
Inputs
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Significant
Unobservable
Inputs
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Significant
Unobservable
Inputs
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(Level 1) |
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(Level 2) |
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(Level 3) |
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(Level 3) |
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(Level 3) |
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Investment
in
Securities
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Contractual
interest
Legal
Recovery
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Investment in
Common
Stock
Warrants
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Other Equity
Investments
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| Balance at December 31, 2019 |
|
$ |
- |
|
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|
-
|
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|
346,195 |
|
|
|
5,669 |
|
|
|
204,028 |
|
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| Total gains or losses |
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Included in earnings
(or changes in net assets) |
|
|
(10,292 |
) |
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|
- |
|
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- |
|
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(4,669 |
) |
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|
- |
|
Purchases, issuances, sales,
and settlements |
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| Purchases |
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83,536 |
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|
|
- |
|
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50,717 |
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|
- |
|
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- |
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| Issuances |
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- |
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- |
|
|
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- |
|
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- |
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- |
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| Sales |
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(38,418 |
) |
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|
- |
|
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- |
|
|
|
- |
|
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|
- |
|
| Settlements |
|
|
- |
|
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|
- |
|
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(15,383 |
) |
|
|
- |
|
|
|
- |
|
| Balance at December 31, 2020 |
|
|
34,826 |
|
|
$ |
- |
|
|
$ |
381,529 |
|
|
$ |
1,000 |
|
|
$ |
204,028 |
|
| Beginning balance |
|
|
34,826 |
|
|
$ |
- |
|
|
$ |
381,529 |
|
|
$ |
1,000 |
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|
$ |
204,028 |
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| Total gains or losses |
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Included in earnings
(or changes in net assets) |
|
|
842 |
|
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- |
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- |
|
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|
175 |
|
|
|
- |
|
Purchases, issuances, sales,
and settlements |
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| Purchases |
|
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38,470 |
|
|
|
- |
|
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|
15,137 |
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|
|
- |
|
|
|
- |
|
| Issuances |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Sales |
|
|
(73,129 |
) |
|
|
- |
|
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|
- |
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- |
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- |
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| Settlements |
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- |
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- |
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- |
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- |
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- |
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| Balance at December 31, 2021 |
|
$ |
1,009 |
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|
$ |
- |
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|
$ |
396,666 |
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$ |
1,175 |
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$ |
204,028 |
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| Ending balance |
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|
1,009 |
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- |
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396,666 |
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1,175 |
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204,028 |
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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 December 31, 2021 consists of the following:
Schedule of amortized costs, gross unrealized holding gains and losses, and fair values of investment securities
| Type |
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Amortized Costs
|
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Gross Unrealized Gains
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Gross Unrealized Losses
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Fair Values
|
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| NASDAQ listed company stock |
|
$ |
1,637 |
|
|
$ |
- |
|
|
$ |
(628 |
) |
|
$ |
1,009 |
|
Mentor
Capital, Inc.
Notes
to Consolidated Financial Statements
December
31, 2021 and 2020
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
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Year Ended December 31, |
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2021 |
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|
2020 |
|
| Net gains and losses recognized during the period on equity securities |
|
$ |
842 |
|
|
$ |
(10,291 |
) |
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|
|
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| Less: Net gains (losses) recognized during the period on equity securities sold during the period |
|
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1,470 |
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|
303 |
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| Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date |
|
$ |
(628 |
) |
|
$ |
(10,594 |
) |
|