The following tables provide a summary of our assets and liabilities that are measured at fair value on a recurring basis at June 30, 2025 and December 31, 2024.


June 30, 2025	Level 1		Level 2		Level 3		Balance
Assets at Fair Value:
Agency Securities	$	—	$	14,515,845	$	—	$	14,515,845
U.S. Treasury Securities	$	602,250	$	—	$	—	$	602,250
Derivatives	$	—	$	629,180	$	—	$	629,180
Liabilities at Fair Value:
Obligations to return securities as collateral	$	—	$	509,410	$	—	$	509,410
Derivatives	$	56,420	$	50,519	$	—	$	106,939

December 31, 2024	Level 1		Level 2		Level 3		Balance
Assets at Fair Value:
Agency Securities	$	—	$	12,439,414	$	—	$	12,439,414

Derivatives	$	13,300	$	894,763	$	—	$	908,063
Liabilities at Fair Value:
Obligations to return securities as collateral	$	—	$	493,433	$	—	$	493,433
Derivatives	$	328	$	957	$	—	$	1,285