| 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 1) |
|
|
(Level 2) |
|
|
(Level 3) |
|
|
(Level 3) |
|
| |
|
|
|
|
Fair Value Measurement Using |
|
|
|
|
|
|
|
| |
|
Unadjusted Quoted Market Prices |
|
|
Unadjusted Quoted Market Prices Less Costs to Sell |
|
|
Quoted Prices for Identical or Similar Assets in Active Markets |
|
|
Significant Unobservable Inputs |
|
|
Significant Unobservable Inputs |
|
| |
|
(Level 1) |
|
|
(Level 1) |
|
|
(Level 2) |
|
|
(Level 3) |
|
|
(Level 3) |
|
| |
|
Investment in Securities |
|
|
Investment in
Gold |
|
|
|
|
|
Investment in Common Stock Warrants |
|
|
Other Equity Investments |
|
| Balance at December 31, 2023 |
|
$ |
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 |
|
| Beginning balance |
|
$ |
1,120,482 |
|
|
|
- |
|
|
|
- |
|
|
|
675 |
|
|
|
103,756 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total gains or losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Included in earnings (or changes in net assets) |
|
|
(42,991 |
) |
|
|
7,043 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Purchases, issuances, sales, and settlements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Purchases |
|
|
- |
|
|
|
295,328 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Issuances |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Sales |
|
|
(82,138 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Settlements |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Balance at March 31, 2025 |
|
$ |
995,353 |
|
|
$ |
302,371 |
|
|
$ |
- |
|
|
$ |
675 |
|
|
$ |
103,756 |
|
| Ending balance |
|
$ |
995,353 |
|
|
$ |
302,371 |
|
|
$ |
- |
|
|
$ |
675 |
|
|
$ |
103,756 |
|
On
March 17, 2025, the Company purchased a 3
(three) kilogram gold position for $295,328.
Because the Company’s primary purpose for purchasing gold was for investment purposes, the Company elected the fair value
option under ASC 825-10 “Financial Instruments – Fair Value Option.” The fair value measure that fits the
Company’s investment in gold is Level 1 because there are quoted prices in active markets for the identical investment
position. The Company reports changes in the fair value of its investment in gold as unrealized investment gains (losses), net of
the Company’s cost to sell to a known broker within the dealer market system including commission.
|