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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Assets and Liabilities Carried at Fair Value Measured on Recurring Basis

The following table provides the assets and liabilities carried at fair value measured on a recurring basis as of March 31, 2024 and December 31, 2023:

March 31, 2024

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Marketable equity securities

 

$

2,600,151

 

 

$

 

 

$

 

 

$

2,600,151

 

Interest rate cap derivative

 

 

 

 

30,200

 

 

 

 

 

 

30,200

 

Total assets at fair value

 

$

2,600,151

 

 

$

30,200

 

 

$

 

 

$

2,630,351

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2023

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Marketable equity securities

 

$

2,775,029

 

 

$

 

 

$

 

 

$

2,775,029

 

Interest rate cap derivative

 

 

 

 

50,881

 

 

 

 

 

 

50,881

 

Total assets at fair value

 

$

2,775,029

 

 

$

50,881

 

 

$

 

 

$

2,825,910