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Investments
 6 Months Ended
Jun. 30, 2022
Investments [Abstract]  
Investments
NOTE 3:
Investments

Available-for-sale securities
The Company’s investments also include privately-held companies, where quoted market prices are not available, and the cost method, combined with other intrinsic information, is used to assess the fair value of the investment.
The following table summarize the Company’s investment securities:

Available-for-sale securities
  
Percentage of
Ownership
    
June 30, 2022
    
December 31, 2021
  
4Grit
    
2.50
%
  
$
38,676
    
$
42,180
  
E-channel
    
0.07
%
  
$
36,581
    
$
39,895
  
KSFC
    
0.00
%
  
$
10,172
    
$
11,093
  
MetaFlyer
     40.00 %   $ 154,691    
-  
Total investment securities
          
$
240,120
    
$
93,168
  

On March 1, 2022, the Company’s wholly-owned subsidiary I-ON Communications, Ltd. (“Communications”) contributed approximately $165,000 to Metaflyer Co. Ltd.(“Metaflyer”), and owned 66.67% of the outstanding capital stock of Metaflyer with no rights of participating in its operation or management’s decision making. Having more investors to Metaflyer, Communications’ ownership to Metaflyer has decreased to 40% as of June 30, 2022, and Communications deconsolidated Metaflyer. Other than Communications, Metaflyer’s two major shareholders has total 58% of ownership. Whereas Communications has no rights on Metaflyer’s operation, the two other major shareholders have more significant influence. Therefore, Communications is exempt from equity method, and used cost method on the investment to Metaflyer by ASC 323-10-15 Equity Method and Joint Venture.