DEBT SECURITIES

12 Months Ended

Dec. 31, 2023

Debt Securities

DEBT SECURITIES

NOTE 3 DEBT SECURITIES

The components of investments as of December 31, 2022, were as follows:

	Fair value level	Cost		Unrealized loss			Carrying value
Corporate debt securities	Level 1	$	3,537,556	$	(56,710	)	$	3,480,846
State and local government debt securities	Level 1		908,354		(5,437	)		902,917
State and local government debt securities	Level 2		2,945,648		–			2,945,648
Accrued interest	Level 1		44,545		-			44,545
Total		$	7,436,103	$	(62,147	)	$	7,373,956

The Company disposed of its portfolio of debt securities during 2023.