Marketable Securities |
Note
7. Marketable Securities
At
December 31, 2023, marketable securities consisted of the following:
Schedule of Marketable of Securities
| |
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:
Schedule of Contractual Maturities Investments of Marketable Securities
| |
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:
Schedule of Gross Unrealized Losses and Fair Values for Marketable Securities
| |
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.
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