INVESTMENTS IN MARKETABLE SECURITIES |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INVESTMENTS IN MARKETABLE SECURITIES | NOTE 5. INVESTMENTS IN MARKETABLE SECURITIES
The Company’s investments consist of (i) U.S. Treasury bills and notes and (ii) investments in a U.S. government money market fund. These investments are measured at fair value with changes in fair value recognized in earnings within Other income (expense), net in the unaudited condensed consolidated statements of operations.
The Company classifies investments with original maturities of three months or less at the date of purchase as cash and cash equivalents and those with original maturities greater than three months as marketable securities.
Trading debt securities: the Company’s U.S. Treasury bills and notes are classified as trading debt securities and are recorded at fair value. Realized and unrealized gains and losses are recognized in earnings.
Money market fund: the Company also invests in a prime institutional money market fund, which is a pooled investment vehicle that invests in a diversified portfolio of short-term, high-quality debt instruments, including U.S. government securities, commercial paper, certificates of deposit, and repurchase agreements. The investment is recorded at fair value and changes in fair value are recognized in earnings.
The following table summarizes the Company’s trading securities by major investment type as of March 31, 2026 and December 31, 2025:
The Company recognized unrealized losses of $8,846 and $71,707 for the three months ended March 31, 2026 and 2025, respectively, and realized gains of $37,977 and $211,062 for the three months ended March 31, 2026 and 2025, respectively.
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