Annual report [Section 13 and 15(d), not S-K Item 405]

Marketable Securities

v3.25.1
Marketable Securities
12 Months Ended
Dec. 31, 2024
Marketable Securities  
Marketable Securities

2. Marketable Securities

 

As of December 31, 2024, the Company had no marketable securities. The Company’s investments in debt securities are carried at either amortized cost or fair value. Investments in debt securities that the Company has the positive intent and ability to hold to maturity are carried at amortized cost and classified as held-to-maturity. Investments in debt securities that are not classified as held-to-maturity are carried at fair value and classified as either trading or available-for-sale. Realized and unrealized gains and losses on trading debt securities as well as realized gains and losses on available-for-sale debt securities are included in net income.

 

                               
    As of December 31, 2023
    Amortized Cost   Gross Unrealized Gains   Gross Unrealized Losses   Fair Value
                 
Marketable Securities                                
Corporate Bonds   $ 4,473,033     $ 50,878     $ (60,969 )   $ 4,462,942  
Certificates of Deposits                        
Total marketable securities   $ 4,473,033     $ 50,878     $ (60,969 )   $ 4,462,942