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Fair Value of Financial Instruments and Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value of Financial Instruments and Fair Value Measurements [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table represents the Company’s fair value hierarchy of its financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 and 2023.

 

   December 31, 2024   December 31, 2023 
Description  Level 1   Level 2   Level 3   Level 1   Level 2   Level 3 
Short-term investments  $3,174,724   $
           -
   $
           -
   $4,140,880   $
              -
   $
              -
 
Schedule of Short Term Investments at Fair Value

The following table summarizes activity in the Company’s short-term investments, at fair value for the periods presented:

 

   Year Ended
December 31,
   Year Ended
December 31,
 
   2024   2023 
Balance, beginning of period  $4,140,880   $
-
 
Additions   175,543    4,147,107 
Sales of short-term debt investments   (1,149,320)   
-
 
Net realized loss on the sale of short-term investments   (1,025)   
-
 
Unrealized gain (loss)   8,646    (6,227)
Balance, end of period  $3,174,724   $4,140,880 

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

 

   December 31,   December 31, 
   2024   2023 
Balance, beginning of year  $
                  -
   $3,118 
Unrealized loss   
-
    (3,118)
Balance, end of year  $
-
   $
-