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Marketable Securities
12 Months Ended
Dec. 31, 2022
Marketable Securities [Abstract]  
Marketable Securities

Note 11 – Marketable Securities

 

The cost and fair value of marketable securities, which are available-for-sale debt securities, were $4,013,563 and $4,036,014 as of December 31, 2022, respectively, resulting in a $22,451 unrealized gain included in the other comprehensive income for the year ended December 31, 2022. As of December 31, 2022, the contractual maturities for all available-for-sale debt securities were less than one year.

 

Additionally, the Company recognized a net realized loss of $51,816 on marketable equity securities for the year ended December 31, 2022.

 

The cost and fair value of marketable equity securities were $5,976,442 and $5,933,364 as of December 31, 2021, respectively, resulting in $43,078 unrealized loss included in the consolidated statement of operations and comprehensive loss for the year ended December 31, 2021.

 

The Company’s interest and dividend income amounted to $44,879 and $36,463 for the years ended December 31, 2022, and 2021, respectively.

 

The Company has not recognized any impairment in its financial statements related to its marketable securities.