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Fair Value of Financial Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value of Financial Assets and Liabilities [Abstract]

Schedule of Company’s Assets and Liabilities that are Measured at Fair Value

The following table presents the Company’s assets and liabilities that are measured at fair value as of December 31, 2023:

		Fair value measured as of December 31, 2023
						Quoted prices in active markets				Significant other observable inputs				Significant unobservable inputs
		Total				(Level 1)				(Level 2)				(Level 3)
Assets
Augmenta Note at fair value		$	2,310,000			$	-			$	-			$	2,310,000

Schedule of Financial Assets that are Measured at Fair Value on a Recurring Basis

The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial assets that are measured at fair value on a recurring basis:

		Fair Value of Level 3 Augmenta Note
Beginning balance, January 1, 2023		$	1,812,975
Accrued interest receivable			111,782
Change in fair value			385,243
Ending balance, December 31, 2023			2,310,000
Accrued interest receivable			27,219
Change in fair value			(560,473	)
Conversion of note receivable			(1,776,746	)
Ending balance, September 30, 2024		$	-

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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