Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value of Financial Instruments

Fair value inputs

	Fair Value Measurements as of December 31, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Investment securities	$	4,928,700	$	-	$	-	$	4,928,700
Total	$	4,928,700	$	-	$	-	$	4,928,700

	Fair Value Measurements as of December 31, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	1,927,100	$	-	$	-	$	1,927,100
Investment securities		4,035,500		236,600		-		4,272,100
Total	$	5,962,600	$	236,600	$	-	$	6,199,200

	Fair Value Measurements as of June 30, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	2,971,100	$	-	$	-	$	2,971,100
Investment securities		5,276,600		1,115,000		-		6,391,600
Total	$	8,247,700	$	1,115,000	$	-	$	9,362,700

Investments in marketable securitites

As of December 31, 2023:	Cost		Fair Value		Unrealized Holding Gain (Loss)
Mutual funds	$	4,929,300	$	4,928,700	$	(600	)
Total	$	4,929,300	$	4,928,700	$	(600	)

As of December 31, 2022:	Cost		Fair Value		Unrealized Holding Gain (Loss)
Equity securities	$	118,900	$	154,600	$	35,700
Mutual funds		4,063,100		3,880,900		(182,200	)
Debt Securities		235,400		236,600		1,200
Total	$	4,417,400	$	4,272,100	$	(145,300	)

As of June 30, 2022:	Cost		Fair Value		Unrealized Holding Gain (Loss)
Equity securities	$	118,800	$	151,000	$	32,200
Mutual funds		5,299,500		5,125,600		(173,900	)
Debt Securities		1,114,100		1,115,000		900
Total	$	6,532,400	$	6,391,600	$	(140,800	)