v3.25.1
Investment and Fair Value Measurement (Tables)
 12 Months Ended
Dec. 31, 2024
Investment and Fair Value Measurement [Abstract]  
Schedule of Fair Value Reconciliation of Level 3 Assets The following is a reconciliation of Level 3 assets measured and recorded at fair value on a recurring basis during the years ended December 31, 2023.
   Common Stock 
Balance at January 1, 2023  $77,200 
Impairment   (77,200)
Balance at December 31, 2023  $- 
Schedule of Unrealized Gains and Losses

The following is a summary of annual upward or downwards adjustments and impairment recorded in other income (expenses), net, and included as adjustments to the carrying value of non-marketable investments held as of December 31, 2024, 2023 and 2022 based on the observable price in an orderly transaction for the same or similar security of the same issuers:

 

   Year ended
December 31,
2024		   Year ended
December 31,
2023		   Year ended
December 31,
2022		 
Upward adjustments  $
-  
   $6,431,088   $6,108,872 
Downward adjustments   
-  
    
-  
    
-  
 
Impairment   (1,000,000)   
-  
    (520,821)
Total unrealized (loss) gain from fair value change of non-marketable investments, net  $(1,000,000)  $6,431,088   $5,588,051 
Schedule of Carrying Value of Our Non-Marketable Investments

The following table summarizes the total carrying value of the non-marketable investments held as of December 31, 2024 and 2023 including cumulative unrealized upward and downward adjustments and impairment made to the initial cost basis of the investments:

 

   December 31,
2024		   December 31,
2023		 
Initial cost basis  $4,079,707   $4,079,707 
Upward adjustments   12,539,960    12,539,960 
Downward adjustments   
-  
    
-  
 
Impairment   (1,520,821)   (520,821)
Total carrying value at the end of the year  $15,098,846   $16,098,846