Investments and fair value

9 Months Ended

Sep. 30, 2021

Investments, All Other Investments [Abstract]

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: 

									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, 2019	$	-		$	-	$	346,195		$	5,669		$	204,028
Total gains or losses
Included in earnings (or changes in net assets)		(10,292	)		-		-			(4,669	)		-
Purchases, issuances, sales, and settlements
Purchases		83,536			-		50,717			-			-
Issuances		-			-		-			-			-
Sales		(38,418	)		-		-			-			-
Settlements		-			-		(15,383	)		-			-
Balance at December 31, 2020	$	34,826		$	-	$	381,529		$	1,000		$	204,028
Total gains or losses
Included in earnings (or changes in net assets)		(9000	)		-		-			-			-
Purchases, issuances, sales, and settlements
Purchases		38,470			-		-			-			-
Issuances		-			-		-			-			-
Sales		(42,913	)		-		-			-			-
Settlements		-			-		-			-			-
Balance at September 30, 2021	$	21,383		$	-	$	381,529		$	1,000		$	204,028

Note 10 – Investments and fair value (continued)

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 September 30, 2021 consists of the following:

Type	Amortized Costs		Gross Unrealized Gains		Gross Unrealized Losses		Fair Values
NASDAQ listed company stock	$	38,470	$	17,087	$	-	$	21,383
	$	38,470	$	17,087	$	-	$	21,383

The portion of unrealized gains and losses for the period related to equity securities still held at the reporting date is calculated as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
Net gains and losses recognized during the period on equity securities	$	(2,427	)	$	(2,758	)	$	9,001		$	(3,507	)
Less: Net gains (losses) recognized during the period on equity securities sold during the period		-			-			(2,508	)		-
Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date	$	(2,427	)	$	(2,758	)	$	(6,493	)	$	(3,507	)