| Schedule of Cash and Cash Equivalents and Investments |
Schedule of Cash and Cash Equivalents and Investments
| | |
March 31, 2026 (Unaudited) |
| | |
| |
| | |
Allowance | | |
Gross | | |
Gross | | |
| |
| | |
| |
| | |
for | | |
Unrealized | | |
Unrealized | | |
| |
| | |
Level (1) | |
Fair Value | | |
Credit Losses | | |
Holding Gains | | |
Holding Losses | | |
Adjusted Cost | |
| Assets: | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
| Cash deposits | |
1 | |
$ | 1,330,251 | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | 1,330,251 | |
| Money market funds (2) | |
1 | |
| 3,825,477 | | |
| — | | |
| — | | |
| — | | |
| 3,825,477 | |
| Short-term investment in corporate bonds (3)(5)(6) | |
2 | |
| 1,360,393 | | |
| — | | |
| — | | |
| (650 | ) | |
| 1,361,043 | |
| Long-term investment in corporate bonds (4)(5)(6) | |
2 | |
| 74,470 | | |
| — | | |
| — | | |
| (342 | ) | |
| 74,812 | |
| Total financial assets | |
| |
$ | 6,590,591 | | |
$ | — | | |
$ | — | | |
$ | (992 | ) | |
$ | 6,591,583 | |
| Reconciliation to cash, cash equivalents and investments on condensed consolidated balance sheet | | |
| | |
| Minus: Restricted cash | | |
| (908,459 | ) |
| Total cash, cash equivalents and investments | | |
$ | 5,683,124 | |
| | |
December 31, 2025 (Audited) |
| | |
| |
| | |
Allowance | | |
Gross | | |
Gross | | |
| |
| | |
| |
| | |
for | | |
Unrealized | | |
Unrealized | | |
| |
| | |
Level (1) | |
Fair Value | | |
Credit Losses | | |
Holding Gains | | |
Holding Losses | | |
Adjusted Cost | |
| Assets: | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
| Cash deposits | |
1 | |
$ | 143,752 | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | 143,752 | |
| Money market funds (2) | |
1 | |
| 5,709,747 | | |
| — | | |
| — | | |
| — | | |
| 5,709,747 | |
| Short-term investment in corporate bonds (3)(5)(6) | |
2 | |
| 2,700,344 | | |
| — | | |
| 1,973 | | |
| (290 | ) | |
| 2,698,661 | |
| Total financial assets | |
| |
$ | 8,553,843 | | |
$ | — | | |
$ | 1,973 | | |
$ | (290 | ) | |
$ | 8,552,160 | |
| Reconciliation to cash, cash equivalents and investments on condensed consolidated balance sheet | | |
| | |
| Minus: Restricted cash | | |
| (1,231,168 | ) |
| Total cash, cash equivalents and
investments | | |
$ | 7,320,992 | |
Notes:
| (1) |
Definition
of the three-level fair value hierarchy: |
| |
● |
Level
1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities |
| |
● |
Level
2 - Other inputs that are directly or indirectly observable in the markets |
| |
● |
Level
3 - Inputs that are generally unobservable |
| (2) |
All
our money market funds were invested in U.S. Government money market funds. |
| (3) |
Short-term
investment securities will mature within 12 months or less, from the applicable reporting date. |
| (4) |
Long-term
investment securities will mature between 12 months and 18 months from the applicable reporting date. |
| (5) |
For
the three months ended March 31, 2026 and 2025, the Company received discounts of $4,454
and $6,104
to purchase held-to-maturity investment securities, respectively. For the year ended December 31, 2025, the Company received
discounts of $63,096
to purchase held-to-maturity investment securities. |
| (6) |
The
Company considers the decline in the market value of its investment portfolio to be temporary in nature. As of March 31, 2026 and
December 31, 2025, the Company did not consider any of its investments to be other-than-temporarily impaired and no allowance for
credit losses was recorded. |
|