Annual report pursuant to Section 13 and 15(d)

Investments and fair value (Tables)

v3.24.1
Investments and fair value (Tables)
12 Months Ended
Dec. 31, 2023
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 follows:

    (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  
                                         
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  
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  
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:

 

    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 )   $ -