SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of Amortized Cost and Fair Value of Held to Maturity Securities |
The
amortized cost basis, gross unrealized gains and losses, and fair value of the Company’s held-to-maturity securities at June 30,
2026 and December 31, 2025 are shown below.
| | |
Held-to-maturity securities | |
| | |
Amortized
Cost Basis | | |
Gross
Unrealized
Gains | | |
Gross
Unrealized
Losses | | |
Fair Value | |
| June 30, 2026 | |
| | |
| | |
| | |
| |
| U.S. Treasury Bills | |
$ | 10,231,461 | | |
$ | - | | |
$ | 805 | | |
$ | 10,230,656 | |
| | |
| | | |
| | | |
| | | |
| | |
| Totals | |
$ | 10,231,461 | | |
$ | - | | |
$ | 805 | | |
$ | 10,230,656 | |
| | |
| | | |
| | | |
| | | |
| | |
| December 31, 2025 | |
| | | |
| | | |
| | | |
| | |
| U.S. Treasury Bills | |
$ | 10,042,817 | | |
$ | 9,871 | | |
$ | - | | |
$ | 10,052,688 | |
| | |
| | | |
| | | |
| | | |
| | |
| Totals | |
$ | 10,042,817 | | |
$ | 9,871 | | |
$ | - | | |
$ | 10,052,688 | |
|
| Schedule of Amortized Cost Basis and Fair Value of the Contractual Maturity |
The
amortized cost basis and fair value of the Company’s securities at June 30, 2026, by contractual maturity, are shown below.
| | |
Amortized
Cost | | |
Fair Value | |
| June 30, 2026 | |
| | |
| |
| Held-to-maturity securities | |
| | |
| |
| Due in one year or less | |
$ | 10,231,461 | | |
$ | 10,230,656 | |
| | |
$ | 10,231,461 | | |
$ | 10,230,656 | |
|
| Schedule of Allowance for Credit Losses |
A
roll-forward of the Company’s allowance for credit losses for the six-month periods ended is as follows:
| | |
June 30,
2026 | | |
June 30,
2025 | |
| Allowance for credit losses, beginning of period | |
$ | 18,925 | | |
$ | 12,489 | |
| Current period provision | |
| 1,362 | | |
| (1,759 | ) |
| Write-off | |
| (724 | ) | |
| - | |
| Recovery | |
| - | | |
| 19 | |
| Allowance for credit losses, end of period | |
$ | 19,563 | | |
$ | 10,749 | |
|
| Schedule of Concentration of Risk, by Risk Factor |
| | |
June 30,
2026 | | |
June 30,
2025 | |
| Customer A | |
| 27 | % | |
| 23 | % |
| Customer B | |
| 12 | % | |
| 10 | % |
| Customer C | |
| 12 | % | |
| - | % |
| | |
June 30,
2026 | | |
June 30,
2025 | |
| Customer A | |
| 28 | % | |
| 27 | % |
| Customer B | |
| 13 | % | |
| 10 | % |
| Customer C | |
| 12 | % | |
| - | % |
| | |
June 30,
2026 | | |
December 31,
2025 | |
| Customer A | |
| 34 | % | |
| 21 | % |
| Customer B | |
| 13 | % | |
| 20 | % |
| Customer C | |
| 13 | % | |
| 14 | % |
| Customer D | |
| - | % | |
| 11 | % |
|