FAIR VALUE OF ASSETS AND LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

SCHEDULE OF FAIR VALUE, ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS

The following table presents information about the Company’s assets and liabilities measured at fair value as of the periods ended September 30, 2023 and December 31, 2022.

	Level I		Level II		Level III
September 30, 2023	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Excluded (a)
Investments in securities, at fair value (cost $8,505,358)	$	8,321,151	$	—	$	—	$	—
W-1 Warrant and Class B Common Stock liability, at fair value		—		—		645,000		—
Investment in limited partnership, at net asset value		—		—		—		179,610
Total	$	8,321,151	$	—	$	645,000	$	179,610

	Level I		Level II		Level III
December 31, 2022	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Excluded (a)
Investments in securities, at fair value (cost $5,802,395)	$	5,860,688	$	-	$	-	$	-
W-1 Warrant and Class B Common Stock liability, at fair value		-		-		576,000		-
Total	$	5,860,688	$	-	$	576,000	$	-

(a) Certain investments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the condensed consolidated balance sheets.

SCHEDULE OF FAIR VALUE LIABILITIES MEASURED ON RECURRING BASIS UNOBSERVABLE INPUT RECONCILIATION

W-1 Warrant and Class B Common Stock
Inputs below are as of September 30, 2023
ENDI Corp. closing stock price	$	3.99
Warrant exercise price	$	8.00
Estimated equity volatility over remaining term		41.40	%
ENDI Corp. annual rate of dividends		0.00	%
Bond equivalent yield		4.60	%
Remaining term of W-1 Warrant		3.87
Discount for lack of marketability		23.00	%
August 11, 2022	$	1,476,000
Less: Unrealized gains reported in other income		(900,000	)
December 31, 2022		576,000
Plus: Unrealized losses reported in other income		252,000
March 31, 2023		828,000
Less: Unrealized gains reported in other income		(355,000	)
June 30, 2023		473,000
Plus: Unrealized losses reported in other income		172,000
September 30, 2023	$	645,000