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Marketable Securities
12 Months Ended
Dec. 31, 2023
Cash and Cash Equivalents [Abstract]  
Marketable Securities

Note 7. Marketable Securities

 

At December 31, 2023, marketable securities consisted of the following:

  

  

Amortized

Cost

  

Unrealized

Gains

  

Unrealized

Losses

  

Aggregate

Fair Value

 
Government & Agency Securities  $5,576,819   $3,969   $(66,680)  $5,514,108 
Corporate Bonds   8,322,723    514    (44,872)   8,278,365 
Marketable Securities - Debt  $13,899,542   $4,483   $(111,552)  $13,792,473 
                     
Mutual Funds – Fixed Income  $4,002,704   $-   $(269,104)  $3,733,600 
Mutual Funds – Alternative Investments   2,023,154    -    (184,304)   1,838,850 
Marketable Securities – Mutual Funds  $6,025,858   $-   $(453,408)  $5,572,450 
   $19,925,400   $4,483   $(564,960)  $19,364,923 

 

At December 31, 2022, marketable securities consisted of the following:

 

  

Amortized

Cost

  

Unrealized

Gains

  

Unrealized

Losses

  

Aggregate

Fair Value

 
Government & Agency Securities  $5,408,681   $3,512   $(184,863)  $5,227,330 
Corporate Bonds   7,522,138    2,565    (210,534)   7,314,169 
Marketable Securities - Debt  $12,930,819   $6,077   $(395,397)  $12,541,499 
                     
Mutual Funds – Fixed Income  $4,002,704   $-   $(343,904)  $3,658,800 
Mutual Funds – Alternative Investments   2,023,154    -    (229,154)   1,794,000 
Marketable Securities – Mutual Funds  $6,025,858   $-   $(573,058)  $5,452,800 
   $18,956,677   $6,077   $(968,455)  $17,994,299 

 

The contractual maturities of the investments classified as Government & Agency Securities and Corporate Bonds are as follows:

  

  

As of

December 31, 2023

 
Due within one year  $12,486,366 
Due in one to two years   1,306,107 
Total  $13,792,473 

 

 

The following table presents gross unrealized losses and fair values for those marketable securities that were in an unrealized loss position as of December 31, 2023, aggregated by investment category and the length of time that individual securities have been in a continuous loss position:

  

Fair

Value

  

Unrealized

Loss

  

Fair

Value

  

Unrealized

Loss

 
   As of December 31, 2023 
   Less than 12 months   More than 12 months 
  

Fair

Value

  

Unrealized

Loss

  

Fair

Value

  

Unrealized

Loss

 
Government & Agency Securities  $83,021   $(290)  $3,718,012   $(66,390)
Corporate Bonds   4,221,801    (7,845)   3,761,146    (37,027)
Mutual Funds – Fixed Income   -    -    3,733,600    (269,104)
Mutual Funds – Alternative Investments   -    -    1,838,850    (184,304)
   $4,304,822   $(8,135)  $13,051,608   $(556,825)

 

We do not believe the unrealized losses represent credit losses based on our evaluation of available evidence as of December 31, 2023, which includes an assessment of whether it is more likely than not we will be required to sell the investment before recovery of the investment’s amortized cost basis.