v3.26.1
Fair Value Measurements (ASC 820)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements (ASC 820)

(17) Fair Value Measurements (ASC 820)

 

Fair Value of Financial Instruments

 

The Company evaluates and discloses the fair value of its financial instruments in accordance with ASC 820, Fair Value Measurement and ASC 825, Financial Instruments (formerly SFAS No. 107). Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. This definition emphasizes the use of observable market inputs and prioritizes them in a three-level fair value hierarchy:

●Level 1: Quoted prices in active markets for identical assets or liabilities.

●Level 2: Observable inputs other than quoted prices included within Level 1.

●Level 3: Unobservable inputs reflecting the Company’s own assumptions.

 

The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses approximate fair value due to their short-term nature.

 

Investments in Marketable Securities

 

As of the reporting date, the Company held marketable equity securities that are classified as trading securities and carried at fair value. These securities are marked to market at each reporting date, with unrealized gains and losses recognized in Other Income (Expense) in the Statement of Operations. To the extent any securities are subject to transfer restrictions, the Company evaluates whether such restrictions affect the applicable fair value hierarchy classification. As of the reporting date, the fair value of these securities was $44,550, and the Company recorded an unrealized loss of $6,750 during the period.

 

Cash and Cash Equivalents

 

For the purposes of the Statements of Cash Flows, the Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.