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Short-Term Investments and Investment in Equity Securities
6 Months Ended
Jun. 30, 2024
Short-Term Investments and Investment in Equity Securities [Abstract]  
SHORT-TERM INVESTMENTS AND INVESTMENT IN EQUITY SECURITIES

NOTE 3 – SHORT-TERM INVESTMENTS AND INVESTMENT IN EQUITY SECURITIES

 

Short-Term Investments

 

On June 30, 2024, the Company’s short-term investments consisted of the following:

 

   Cost   Cumulative
Unrealized
Loss
   Fair Value 
US Treasury bills  $2,095,707   $3,415   $2,099,122 
Total short-term investments  $2,095,707   $3,415   $2,099,122 

 

On December 31, 2023, the Company’s short-term investments consisted of the following:

 

   Cost   Cumulative
Unrealized
Gain
   Fair Value 
US Treasury bills  $2,496,904   $95,785   $2,592,689 
Total short-term investments  $2,496,904   $95,785   $2,592,689 

 

Investment in Equity Securities, at Fair Value

 

The following table summarizes activity in the Company’s investment in equity securities, at fair value for the periods presented:

 

   Six Months
Ended
June 30,
   Six Months
Ended
June 30,
 
   2024   2023 
Balance, beginning of period  $
-
   $
            -
 
Additions   199,998    
-
 
Balance, end of period  $199,998   $
-
 

  

On June 30, 2024, investment in equity securities, at fair value consisted of 666,660 shares of common equity securities of one entity, Dragon Interactive Corporation. On May 16, 2024, the Company purchased 666,660 common shares of Dragon Interactive Corporation for $199,998.