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FAIR VALUE MEASUREMENTS
 12 Months Ended
Dec. 31, 2025
FAIR VALUE MEASUREMENTS [Abstract]  
FAIR VALUE MEASUREMENTS
NOTE 4 - FAIR VALUE MEASUREMENTS
 
The Company’s cash, cash equivalents and marketable securities are stated at amortized cost, which approximates fair value. The carrying values of accounts receivable, other current assets, accounts payable, and accrued expenses approximates fair market value because of the short maturity of these financial instruments.
 
The Company’s cash equivalents are generally classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices.
 
All held-to-maturity securities as of December 31, 2025 were U.S. Treasury securities. Investments in these government securities are based on quoted market prices in active markets, and are included in the Level 1 fair value hierarchy.
The tables below set forth the Company’s cash and cash equivalents, as well as marketable securities as of December 31, 2025 and 2024, respectively, which are measured at fair value on a recurring basis by level within the fair value hierarchy:
 
                             
     December 31, 2025  
    Level 1    Level 2    Level 3    Total 
                             
Cash and cash equivalents
  $ 6,248,223    $ -    $ -    $ 6,248,223 
Held-to-maturity securities
    12,615,881        -        -      12,615,881 
    $ 18,864,104    $ -    $ -    $ 18,864,104 
 
                             
     December 31, 2024  
    Level 1     Level 2    Level 3    Total 
                             
Cash and cash equivalents
  $ 6,674,473    $ -    $ -    $ 6,674,473 
Held-to-maturity securities
    11,225,475        -        -      11,225,475 
    $ 17,899,948    $ -    $ -    $ 17,899,948 
 
The Company did not hold financial assets and liabilities which were recorded at fair value in the Level 2 or 3 categories as of December 31, 2025 or 2024.
 
The preceding methods may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Company believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.