| 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:
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, 2021 |
|
$ |
1,009 |
|
|
$ |
- |
|
|
$ |
396,666 |
|
|
$ |
1,175 |
|
|
$ |
204,028 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total gains or losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Included in earnings
(or changes in net
assets) |
|
|
(833 |
) |
|
|
- |
|
|
|
- |
|
|
|
(500 |
) |
|
|
- |
|
Purchases, issuances, sales,
and settlements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Purchases |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
83,756 |
|
| Issuances |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Sales |
|
|
(176 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Settlements |
|
|
- |
|
|
|
- |
|
|
|
(396,666 |
) |
|
|
- |
|
|
|
(194,028 |
) |
| Balance at December 31, 2022 |
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
675 |
|
|
$ |
93,756 |
|
| Beginning balance |
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
675 |
|
|
$ |
93,756 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total gains or losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Included in earnings
(or changes in net
assets) |
|
|
(2,484 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Purchases, issuances, sales,
and settlements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Purchases |
|
|
649,847 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
10,000 |
|
| Issuances |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Sales |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Settlements |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Balance at December 31, 2023 |
|
$ |
647,363 |
|
|
|
- |
|
|
|
- |
|
|
|
675 |
|
|
|
103,756 |
|
| Ending balance |
|
$ |
647,363 |
|
|
|
- |
|
|
|
- |
|
|
|
675 |
|
|
|
103,756 |
|
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, 2023 consist of the following:
Schedule
of Investment Securities at Fair Value
| Type |
|
Amortized Costs
|
|
|
Gross Unrealized Gains
|
|
|
Gross Unrealized Losses
|
|
|
Fair Values
|
|
| NYSE-listed
company stock |
|
$ |
649,847 |
|
|
$ |
- |
|
|
$ |
(2,484 |
) |
|
$ |
647,363 |
|
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
| |
|
2023 |
|
|
2022 |
|
| |
|
Year
Ended December 31, |
|
| |
|
2023 |
|
|
2022 |
|
| Net gains and losses recognized
during the period on equity securities |
|
$ |
(2,484 |
) |
|
$ |
833 |
|
| |
|
|
|
|
|
|
|
|
| Less: Net gains (losses)
recognized during the period on equity securities sold during the period |
|
|
- |
|
|
|
833 |
|
| |
|
|
|
|
|
|
|
|
| Unrealized gains and
losses recognized during the reporting period on equity securities still held at the reporting date |
|
$ |
(2,484 |
) |
|
$ |
- |
|
Mentor
Capital, Inc.
Notes
to Consolidated Financial Statements
December
31, 2023 and 2022
|