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Investments (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2025 and December 31, 2024.
As of June 30, 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
June 30, 2025(Level 1)(Level 2)(Level 3)
Cash & Cash Equivalents$119,774,840 $119,774,840 $— $— 
Short-Term Investments:
Asset-backed Securities2,923,883 — 2,923,883 — 
Corporate Bonds5,176,539 — 5,176,539 — 
Other966,611 966,611 — — 
Long-Term Investments:
Asset-backed Securities33,119,852 — 33,119,852 — 
Corporate Bonds42,859,454 — 42,859,454 — 
Municipal Bonds25,035,317 — 25,035,317 — 
Total$229,856,496 $120,741,451 $109,115,045 $— 
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 June 30, 2025 and December 31, 2024.

As of June 30, 2025:
Unrealized
Cost
Gains
Losses
Market Value
Short-Term Investments:
Asset-backed Securities$2,834,713 $89,170 $— $2,923,883 
Corporate Bonds5,152,845 23,694 — 5,176,539 
Other966,611 — — 966,611 
Long-Term Investments:
Asset-backed Securities32,113,870 1,076,012 (70,030)33,119,852 
Corporate Bonds42,281,982 1,477,570 (900,098)42,859,454 
Municipal Bonds24,648,500 619,137 (232,320)25,035,317 
Total$107,998,521 $3,285,583 $(1,202,448)$110,081,656 
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 June 30, 2025, are as follows:
Aggregate Unrealized LossesAggregate Fair Value of Investments
Loss duration of less than one year$888,851 $5,969,691 
Loss duration of greater than one year313,597 7,586,624 
       Total
$1,202,448 $13,556,315 

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 June 30, 2025 have contractual maturities as follows:
Due within one year
$8,100,422 
Due between one and five years
47,315,213 
Due over five years
53,699,410 
$109,115,045