| 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:
Schedule
of hierarchy of level 1, level 2 and level 3 assets
| |
|
(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, 2020 |
|
$ |
34,826 |
|
|
$ |
- |
|
|
$ |
381,529 |
|
|
$ |
1,000 |
|
|
$ |
204,028 |
|
| Total gains or losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Included in earnings (or changes in net assets) |
|
|
842 |
|
|
|
- |
|
|
|
- |
|
|
|
175 |
|
|
|
- |
|
| Purchases, issuances, sales, and settlements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Purchases |
|
|
38,470 |
|
|
|
- |
|
|
|
15,137 |
|
|
|
- |
|
|
|
- |
|
| Issuances |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Sales |
|
|
(73,129 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Settlements |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Balance at December 31, 2021 |
|
$ |
1,009 |
|
|
$ |
- |
|
|
$ |
396,666 |
|
|
$ |
1,175 |
|
|
$ |
204,028 |
|
| Beginning balance |
|
$ |
1,009 |
|
|
$ |
- |
|
|
$ |
396,666 |
|
|
$ |
1,175 |
|
|
$ |
204,028 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total gains or losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Included in earnings (or changes in net assets) |
|
|
(751 |
) |
|
|
- |
|
|
|
- |
|
|
|
(500 |
) |
|
|
- |
|
| Purchases, issuances, sales, and settlements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Purchases |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
83,756 |
|
| Issuances |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Sales |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Settlements |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Balance at September 30, 2022 |
|
$ |
258 |
|
|
$ |
- |
|
|
$ |
396,666 |
|
|
$ |
675 |
|
|
$ |
287,784 |
|
| Ending balance |
|
$ |
258 |
|
|
$ |
- |
|
|
$ |
396,666 |
|
|
$ |
675 |
|
|
$ |
287,784 |
|
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, 2022 consist 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 |
|
$ |
1,637 |
|
|
$ |
- |
|
|
$ |
(1,379 |
) |
|
$ |
258 |
|
| |
|
$ |
1,637 |
|
|
$ |
- |
|
|
$ |
(1,379 |
) |
|
$ |
258 |
|
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
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| |
|
Three
Months Ended September 30, |
|
|
Nine
Months Ended September 30, |
|
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| Net gains and
losses recognized during the period on equity securities |
|
$ |
(501 |
) |
|
$ |
(2,427 |
) |
|
$ |
(751 |
) |
|
$ |
(9,001 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
$ |
(501 |
) |
|
$ |
(2,427 |
) |
|
$ |
(751 |
) |
|
$ |
(6,493 |
) |
|