Annual report [Section 13 and 15(d), not S-K Item 405]

Investments and fair value (Tables)

Investments and fair value (Tables)

12 Months Ended

Dec. 31, 2024

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			Quoted Prices or Inputs		Contractual interest Legal Recovery		Investment in Common Stock Warrants		Other Equity Investments
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
Beginning balance		647,363		$	-	$	-	$	675	$	103,756

Total gains or losses
Included in earnings (or changes in net assets)		34,989			-		-		-		-
Purchases, issuances, sales, and settlements		-			-		-		-		-
Purchases		1,420,608			-		-		-		-
Issuances		-			-		-		-		-
Sales		(982,478	)		-		-		-		-
Settlements		-			-		-		-		-
Balance at December 31, 2024	$	1,120,482			-		-		675		103,756
Ending balance	$	1,120,482			-		-		675		103,756

Schedule of Investment Securities at Fair Value

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, 2024 consist of the following:

Type

Amortized

Costs

Gross

Unrealized

Gains

Gross

Unrealized

Losses

Fair

Values

NYSE-listed company stock

1,129,353

(8,871

)

1,120,482

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:

	2024			2023
	Year Ended December 31,
	2024			2023
Net gains and losses recognized during the period on equity securities	$	34,989		$	(2,484	)

Less: Net gains (losses) recognized during the period on equity securities sold during the period		41,376			-

Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date	$	(6,387	)	$	(2,484	)

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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