Cash and cash equivalents

12 Months Ended

Dec. 31, 2025

Cash and cash equivalents

Cash and cash equivalents

3. Cash and cash equivalents

Cash and cash equivalents are not restricted as to withdrawal or use. As of December 31, 2025 and 2024, the equivalent United States dollars of the Company’s cash and cash equivalents, including those accounts denominated in currencies other than the U.S. dollar, are as follows:

	December 31,
	2025		2024
Bank accounts:
United States dollar	$	34,460,275	$	39,094,067
Cayman Islands dollar		15,511,230		17,499,492
Bahamian dollar		12,037,796		7,717,705
		62,009,301		64,311,264
Short-term deposits:
United States dollar		54,944,598		31,908,220
Cayman Islands dollar		6,834,491		3,130,637
		61,779,089		35,038,857
Total cash and cash equivalents	$	123,788,390	$	99,350,121

Transfers from the Company’s Bahamas bank accounts to Company bank accounts in other countries require the approval of the Central Bank of The Bahamas.