v3.25.1
Fair Value of Financial Instruments and Fair Value Measurements (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Fair Value of Financial Instruments and Fair Value Measurements [Abstract]    
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table represents the Company’s fair value hierarchy of its financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2025 and December 31, 2024.

 

   March 31, 2025   December 31, 2024 
Description  Level 1   Level 2   Level 3   Level 1   Level 2   Level 3 
Short-term investments  $2,314,550   $
        -
   $
        -
   $3,174,724   $
       -
   $
       -
 

The following table represents the Company’s fair value hierarchy of its financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 and 2023.

 

   December 31, 2024   December 31, 2023 
Description  Level 1   Level 2   Level 3   Level 1   Level 2   Level 3 
Short-term investments  $3,174,724   $
           -
   $
           -
   $4,140,880   $
              -
   $
              -
 
Schedule of Short Term Investments at Fair Value

The following table summarizes activity in the Company’s short-term investments, at fair value for the periods presented:

 

   Three Months
Ended
March 31,		  

Three Months
Ended

March 31,

 
   2025   2024 
Balance, beginning of period  $3,174,724   $4,140,880 
Purchase of short-term investments   33,972    52,793 
Sales at original cost   (905,353)   (150,389)
Net realized gain on short-term investments   2,922    234 
Unrealized gains   8,285    32,331 
Balance, end of period  $2,314,550   $4,075,849 

The following table summarizes activity in the Company’s short-term investments, at fair value for the periods presented:

 

   Year Ended
December 31,		   Year Ended
December 31,		 
   2024   2023 
Balance, beginning of period  $4,140,880   $
-
 
Additions   175,543    4,147,107 
Sales of short-term debt investments   (1,149,320)   
-
 
Net realized loss on the sale of short-term investments   (1,025)   
-
 
Unrealized gain (loss)   8,646    (6,227)
Balance, end of period  $3,174,724   $4,140,880 

The following table summarizes activity in the Company’s equity investments, at fair value for the periods presented:

 

   December 31,   December 31, 
   2024   2023 
Balance, beginning of year  $
                  -
   $3,118 
Unrealized loss   
-
    (3,118)
Balance, end of year  $
-
   $
-