FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2024

FAIR VALUE OF FINANCIAL INSTRUMENTS

Schedule of fair value of values of assets designated as Investments in equity securities

The following tables summarize the values of assets designated as Investments in debt and equity securities:

	June 30, 2024
	Level 1		Level 2		Level 3		Total
Equity securities	$	18,323,403	$	—	$	—	$	18,323,403
Mutual funds		16,059,428		—		—		16,059,428
Municipal bonds		668,668		—		—		668,668
	$	35,051,499	$	—	$	—	$	35,051,499

	December 31, 2023
	Level 1		Level 2		Level 3		Total
Equity securities	$	18,282,556	$	—	$	—	$	18,282,556
Mutual funds		15,656,757		—		—		15,656,757
Municipal bonds		681,900		—		—		681,900
	$	34,621,213	$	—	$	—	$	34,621,213

Schedule of gross unrealized gains (losses) on investments in equity securities

The investment assets are held as trading securities and are carried at fair value as of the date of the Condensed Balance Sheets. The Company intends to hold these assets for possible future operating requirements. The following table summarizes gross unrealized gains and losses from Investments in debt and equity securities:

	June 30, 2024
			Cumulative Unrealized				Aggregate
	Cost		Gains		Losses		Fair Value
Equity securities	$	24,151,932		—		(5,828,529)		18,323,403
Mutual funds		15,975,653		83,775		—		16,059,428
Municipal bonds		635,929		32,739		—		668,668
	$	40,763,514	$	116,514	$	(5,828,529)	$	35,051,499

	December 31, 2023
			Cumulative Unrealized				Aggregate
	Cost		Gains		Losses		Fair Value
Equity securities	$	24,074,112	$	—	$	(5,791,556)	$	18,282,556
Mutual funds		15,576,527		80,230		—		15,656,757
Municipal bonds		635,425		46,475		—		681,900
	$	40,286,064	$	126,705	$	(5,791,556)	$	34,621,213