| Investments at fair value |
Note
10 – Investments at fair value
The
hierarchy of Level 1, Level 2 and Level 3 Assets are listed as following:
Schedule of hierarchy of level 1, level 2 and level 3 assets
| | |
(Level 1) | | |
(Level 1) | | |
(Level 2) | | |
(Level
3) | | |
(Level
3) | |
| | |
| | |
Fair Value Measurement Using | | |
| | |
| |
| | |
Unadjusted Quoted Market Prices | | |
Unadjusted Quoted Market Prices Less Costs to Sell | | |
Quoted Prices for Identical or Similar Assets in Active Markets | | |
Significant Unobservable Inputs | | |
Significant Unobservable Inputs | |
| | |
(Level 1) | | |
(Level 1) | | |
(Level 2) | | |
(Level
3) | | |
(Level
3) | |
| | |
Investment in Securities | | |
Investment in
Gold | | |
| | |
Investment in Common Stock Warrants | | |
Other Equity Investments | |
| Balance at December 31, 2023 | |
$ | 647,363 | | |
$ | - | | |
$ | - | | |
$ | 675 | | |
$ | 103,756 | |
| Total gains or losses | |
| | | |
| | | |
| | | |
| | | |
| | |
| Included in earnings (or changes in net assets) | |
| 34,989 | | |
| - | | |
| - | | |
| - | | |
| - | |
| Purchases, issuances, sales, and settlements | |
| | | |
| | | |
| | | |
| | | |
| | |
| Purchases | |
| 1,420,608 | | |
| - | | |
| - | | |
| - | | |
| | |
| Issuances | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| Sales | |
| (982,478 | ) | |
| - | | |
| - | | |
| - | | |
| - | |
| Settlements | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| Balance at December 31, 2024 | |
$ | 1,120,482 | | |
| - | | |
| - | | |
| 675 | | |
| 103,756 | |
| Beginning balance | |
$ | 1,120,482 | | |
| - | | |
| - | | |
| 675 | | |
| 103,756 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Total gains or losses | |
| | | |
| | | |
| | | |
| | | |
| | |
| Included in earnings (or changes in net assets) | |
| (157,353 | ) | |
| 24,040 | | |
| - | | |
| - | | |
| - | |
| Purchases, issuances, sales, and settlements | |
| | | |
| | | |
| | | |
| | | |
| | |
| Purchases | |
| 300,532 | | |
| 295,328 | | |
| - | | |
| - | | |
| - | |
| Issuances | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| Sales | |
| (835,209 | ) | |
| - | | |
| - | | |
| - | | |
| - | |
| Settlements | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| Balance at June 30, 2025 | |
$ | 428,450 | | |
$ | 319,368 | | |
$ | - | | |
$ | 675 | | |
$ | 103,756 | |
| Ending balance | |
$ | 428,450 | | |
$ | 319,368 | | |
$ | - | | |
$ | 675 | | |
$ | 103,756 | |
On
March 17, 2025, the Company purchased a 3 (three) kilogram gold position for $295,328. Because the Company’s primary purpose for
purchasing gold was for investment purposes, the Company elected the fair value option under ASC 825-10 “Financial Instruments
– Fair Value Option.” The fair value measure that fits the Company’s investment in gold is Level 1 because there
are quoted prices in active markets for the identical investment position. The Company reports changes in the fair value of its investment
in gold as unrealized investment gains (losses), net of the Company’s cost to sell to a known broker within the dealer market system
including commission.
|