INVESTMENTS IN MARKETABLE SECURITIES |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 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 (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 are classified as trading debt securities. 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 June 30, 2026 and December 31, 2025:
The Company recognized an unrealized gain of $62,805 and $53,959 for the three and six months ended June 30, 2026, and an unrealized loss of $7,457 and $79,164 for the three and six months ended June 30, 2025. The Company recognized realized gains of $26,123 and $94,492 for the three months ended June 30, 2026 and 2025, respectively, and $64,100 and $305,554 for the six months ended June 30, 2026 and 2025, respectively.
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