| FINANCIAL INSTRUMENTS |
5. FINANCIAL
INSTRUMENTS
The
following tables show the Company’s cash, cash equivalents and investments by significant investment category as of December 31,
2025 and 2024.
| |
|
|
|
As
of December 31, 2025 |
|
| |
|
|
|
Cash
and cash equivalents |
|
|
Short-term
investments |
|
|
Non-marketable
security investment |
|
|
Total
fair value |
|
| Cash |
|
|
|
$ |
2,707,047 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
2,707,047 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Level 1: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Money market funds |
|
|
5,391,028 |
|
|
|
- |
|
|
|
- |
|
|
|
5,391,028 |
|
| |
|
Trading securities |
|
|
- |
|
|
|
89,944 |
|
|
|
- |
|
|
|
89,944 |
|
| |
|
Subtotal |
|
|
5,391,028 |
|
|
|
89,944 |
|
|
|
- |
|
|
|
5,480,972 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Level 2: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Certificates of deposits |
|
|
- |
|
|
|
5,734,613 |
|
|
|
- |
|
|
|
5,734,613 |
|
| |
|
Investment in an equity
security |
|
|
- |
|
|
|
- |
|
|
|
93,328 |
|
|
|
93,328 |
|
| |
|
Subtotal |
|
|
- |
|
|
|
5,734,613 |
|
|
|
93,328 |
|
|
|
5,827,941 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
$ |
8,098,075 |
|
|
$ |
5,824,557 |
|
|
$ |
93,328 |
|
|
$ |
14,015,960 |
|
| |
|
|
|
As
of December 31, 2024 |
|
| |
|
|
|
Cash
and cash equivalents |
|
|
Short-term
investments |
|
|
Non-marketable
security investment |
|
|
Total
fair value |
|
| Cash |
|
|
|
$ |
5,060,313 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
5,060,313 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Level 1: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Money market funds |
|
|
1,780,993 |
|
|
|
- |
|
|
|
- |
|
|
|
1,780,993 |
|
| |
|
Trading securities |
|
|
- |
|
|
|
4,441 |
|
|
|
- |
|
|
|
4,441 |
|
| |
|
Subtotal |
|
|
1,780,993 |
|
|
|
4,441 |
|
|
|
- |
|
|
|
1,785,434 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Level 2: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Certificates of deposits |
|
|
1,000,000 |
|
|
|
5,238,000 |
|
|
|
- |
|
|
|
6,238,000 |
|
| Total |
|
|
|
$ |
7,841,306 |
|
|
$ |
5,242,441 |
|
|
$ |
- |
|
|
$ |
13,083,747 |
|
|