Marketable securities and other investments

9 Months Ended

Sep. 30, 2022

Marketable securities and other investments

Note 4 Marketable Securities And Other Investments

Note 4 Marketable securities and other investments

Our marketable securities are stated at fair value in accordance with ASC 321, Investments-Equity Securities. Any changes in the fair value of the Company’s marketable securities are included in net income under the caption of income (loss) from investments, net on the consolidated statement of operations. The market value of the securities is determined using prices as reflected on an established market. Realized and unrealized gains and losses are determined on an average cost basis. The marketable securities are investments predominantly in shares of large publicly traded securities which are being invested until such time as the funds are needed for operations.

The value of these marketable securities is as follows:

	September 30, 2022									December 31, 2021
	Brokerage Account			Other Securities			Total			Brokerage Account			Other Securities			Total
Cost	$	6,441,772		$	9,300		$	6,451,072		$	10,428,724		$	120,800		$	10,549,524
Gross unrealized losses		(41,699	)		(4,806	)		(46,505	)		(840,881	)		(89,900	)		(930,781	)
Fair value	$	6,400,073		$	4,494			6,404,567		$	9,587,843		$	30,900		$	9,618,743

The above marketable securities are reflected as Level 1 assets as the security prices are quotes in an established market. During the three months ended September 30, 2022, the Company recognized net losses of $193,131, which included $527,588 of realized losses and $334,457 of unrealized gains. During the nine months ended September 30, 2022, the Company recognized net losses of $1,215,505, which included $226,168 of realized losses and $989,337 of unrealized losses. Net losses from investments are included within income (loss) from investments, net on the consolidated statement of operations.