v3.25.2
Short-Term Investments
6 Months Ended
Jun. 30, 2025
Investments Debt And Equity Securities [Abstract]  
Short-Term Investments

NOTE 3 - SHORT-TERM INVESTMENTS

The Company’s short-term investments by significant investment category as of June 30, 2025, were as follows:

 

Description

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Accrued
Interest

 

 

Estimated
Fair Value

 

Level 1: (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash alternatives

 

$

32,722

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

32,722

 

Certificates of deposit

 

 

990,000

 

 

 

2,226

 

 

 

-

 

 

 

5,468

 

 

 

997,694

 

 

$

1,022,722

 

 

$

2,226

 

 

$

-

 

 

$

5,468

 

 

$

1,030,416

 

 

(1)
Level 1 fair value estimates are based on quoted prices in active markets for identical assets or liabilities.

 

The Company’s short-term investments by significant investment category as of December 31, 2024, were as follows:

 

Description

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Accrued
Interest

 

 

Estimated
Fair Value

 

Level 1: (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash alternatives

 

$

814,717

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

814,717

 

Certificates of deposit

 

 

2,349,000

 

 

 

4,572

 

 

 

-

 

 

 

48,776

 

 

 

2,402,348

 

 

$

3,163,717

 

 

$

4,572

 

 

$

-

 

 

$

48,776

 

 

$

3,217,065

 

 

(1)
Level 1 fair value estimates are based on quoted prices in active markets for identical assets or liabilities.

 

Cash alternatives represent cash balances in savings accounts and U.S. Treasury Bills that are temporarily on-hand that are immediately available for investments in accordance with the Company’s investment policy.

 

The Company typically invests in low risk securities and its investment policy limits the amount of credit exposure to any one issuer. The policy requires investments in fixed income instruments denominated and payable in U.S. dollars only and requires investments to have an investment grade credit rating, with a primary objective of minimizing the potential risk of principal loss.