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INVESTMENTS
6 Months Ended
Jun. 30, 2026
Investments, All Other Investments [Abstract]  
INVESTMENTS

NOTE 4 – INVESTMENTS

 

Investment in Warrants

 

The Company received warrants from its customers as noncash consideration from consulting services. The warrants are not registered for public sale and are initially measured at fair value at contract inception. The Company’s investment in warrants is measured on a recurring basis and carried on the consolidated balance sheets at an estimated fair value at the end of the period. The valuation of investment in warrants is determined using the Black-Scholes model based on the stock price, exercise price, expected volatility, time to maturity and risk-free interest rate for the term of the warrants.

 

The following table summarizes the Company’s investment in warrants activities for the six months ended June 30, 2026 and 2025:

 

   2026   2025 
   For the Six Months 
   Ended June 30, 
   2026   2025 
Fair value of investment in warrants at beginning of the period  $280,924   $577,786 
Changes in fair value of investment in warrants   (16,635)   72,660 
Warrants converted to marketable securities   (142,515)   - 
Fair value of investment in warrants at end of the period  $121,774   $650,446 

 

Investments in Marketable Securities

 

The Company’s investments in marketable securities represent stocks received from its customers as noncash consideration from consulting services and stocks received upon the exercise of warrants described above. They are registered for public sale with readily determinable fair values, and are measured at quoted prices on a recurring basis at the end of the period.

 

The following table summarizes the Company’s investments in marketable securities activities for the six months ended June 30, 2026 and 2025:

 

   2026   2025 
   For the Six Months 
   Ended June 30, 
   2026   2025 
Fair value of investments in marketable securities at beginning of the period  $3,690,187   $4,495,703 
Marketable securities converted from warrants*   142,515    - 
Changes in fair value of investments in marketable securities   (817,491)   (928,955)
Marketable securities sold   (346,894)   (1,071,732)
Fair value of investments in marketable securities at end of the period  $2,668,317   $2,495,016 

 

* For the six months ended June 30, 2026 and 2025, the Company exercised 63,558 and nil shares of warrants in exchange for 63,558 and nil shares of common shares, respectively.