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Investments (Tables)
 3 Months Ended
Mar. 31, 2025
Investments [Abstract]  
Schedule of Investment Securities Stated at Fair Value
Assets or liabilities that have recurring fair value measurements are shown below as of March 31, 2025 and December 31, 2024.
As of March 31, 2025:
Fair Value Measurements at Reporting Date Using
Total as of
Quoted Prices in
Active Markets for
Identical Assets
Significant Other
Observable
Inputs
Significant
Unobservable
Inputs
Description
March 31, 2025(Level 1)(Level 2)(Level 3)
Cash & Cash Equivalents$286,558,598 $286,558,598 $— $— 
Short-Term Investments:
Asset-backed Securities2,879,688 — 2,879,688 — 
Certificate of Deposit750,500 750,500 — — 
Corporate Bonds4,174,845 — 4,174,845 — 
Municipal Bonds903,473 — 903,473 — 
Other803,922 803,922 — — 
Long-Term Investments:
Asset-backed Securities32,523,142 — 32,523,142 — 
Corporate Bonds42,793,418 — 42,793,418 — 
Municipal Bonds24,848,661 — 24,848,661 — 
VOXX Common Stock48,478,560 48,478,560 — — 
Total$444,714,807 $336,591,580 $108,123,227 $— 

As of December 31, 2024:
Fair Value Measurements at Reporting Date Using
Total as of
Quoted Prices in
Active Markets for
Identical Assets
Significant Other
Observable
Inputs
Significant
Unobservable
Inputs
Description
December 31, 2024(Level 1)(Level 2)(Level 3)
Cash & Cash Equivalents$233,318,766 $233,318,766 $— $— 
Short-Term Investments:
Asset-backed Securities2,851,933 — 2,851,933 — 
Certificate of Deposit751,728 751,728 — — 
Corporate Bonds3,971,200 — 3,971,200 — 
Government Securities3,982,275 — 3,982,275 — 
Municipal Bonds3,386,500 — 3,386,500 — 
Other1,400,176 1,400,176 — — 
Long-Term Investments:
Asset-backed Securities41,766,104 — 41,766,104 — 
Corporate Bonds54,537,517 — 54,537,517 — 
Governmental Securities6,199,535 — 6,199,535 — 
Municipal Bonds39,458,318 — 39,458,318 
VOXX Common Stock47,702,903 47,702,903 — — 
Total$439,326,955 $283,173,573 $156,153,382 $— 
Schedule of Amortized Cost, Unrealized Gains and Losses, and Market Value of Investment Securities
The amortized cost, unrealized gains and losses, and market value of investment securities are shown below as of March 31, 2025 and December 31, 2024.
As of March 31, 2025:
Unrealized
Cost
Gains
Losses
Market Value
Short-Term Investments:
Asset-backed Securities$2,834,713 $44,975 $— $2,879,688 
Certificate of Deposit750,000 500 — 750,500 
Corporate Bonds4,152,042 22,803 — 4,174,845 
Municipal Bonds905,312 — (1,839)903,473 
Other803,922 — — 803,922 
Long-Term Investments:
Asset-backed Securities31,707,199 911,438 (95,495)32,523,142 
Corporate Bonds42,455,161 1,295,023 (956,766)42,793,418 
Municipal Bonds24,635,320 478,603 (265,262)24,848,661 
VOXX Common Stock48,774,886 7,881,250 (8,177,576)48,478,560 
Total$157,018,555 $10,634,592 $(9,496,938)$158,156,209 


As of December 31, 2024:    
Unrealized
CostGainsLossesMarket Value
Short-Term Investments:
Asset-Backed Securities$2,834,713 $17,220 $— $2,851,933 
Certificate of Deposit750,000 1,728 — 751,728 
Corporate Bonds4,013,735 — (42,535)3,971,200 
Government Securities3,981,161 1,114 — 3,982,275 
Municipal Bonds3,400,019 472 (13,991)3,386,500 
Other1,400,176 — — 1,400,176 
Long-Term Investments:
Asset-backed Securities41,372,112 620,756 (226,764)41,766,104 
Corporate Bonds54,552,964 355,627 (371,074)54,537,517 
Government Securities6,206,437 13,124 (20,026)6,199,535 
Municipal Bonds40,542,837 209,564 (1,294,083)39,458,318 
VOXX Common Stock48,774,886 7,502,949 (8,574,932)47,702,903 
Total$207,829,040 $8,722,554 $(10,543,405)$206,008,189 
Schedule of Unrealized Loss on available-for-sale securities
Unrealized losses on available-for-sale securities as of March 31, 2025, are as follows:
Aggregate Unrealized LossesAggregate Fair Value of Investments
Loss duration of less than one year$106,930 $12,028,216 
Loss duration of greater than one year1,212,432 8,472,099 
       Total
$1,319,362 $20,500,315 
Unrealized losses on available-for-sale securities as of December 31, 2024, are as follows:
Aggregate Unrealized Losses
Aggregate Fair Value of Investments
Loss duration of less than one year$587,357 $46,365,022 
Loss duration of greater than one year1,381,116 32,602,844 
       Total
$1,968,473 $78,967,866 
Schedule of Investments Classified by Contractual Maturity Date

Fixed income securities as of March 31, 2025 have contractual maturities as follows:
Due within one year
$8,708,505 
Due between one and five years
43,951,987 
Due over five years
56,213,235 
$108,873,727