MARKETABLE SECURITIES

9 Months Ended

Sep. 30, 2025

Note 5

MARKETABLE SECURITIES

Marketable securities are stated at estimated fair value based upon current market quotes for similar securities (level 2 inputs) and are classified as available-for-sale. Realized gains and losses are included in investment income. Unrealized gains and losses are immaterial and therefore the Company has presented such amounts within investment income in the condensed consolidated statements of operations. Marketable securities consists of U.S. Treasury Bills.

As of September 30, 2025 and December 31, 2024, marketable securities consisted of the following:


		September 30, 2025		December 31, 2024
United States Treasury Bills
Amortized Cost	$	23,554,354	$	30,476,729
Fair Market Value	$	23,564,416	$	30,492,088