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Investments (Tables)

9 Months Ended

Sep. 30, 2025

Investments [Abstract]

Schedule of Investment Securities Stated at Fair Value

Assets or liabilities that have recurring fair value measurements are shown below as of September 30, 2025 and December 31, 2024.

As of September 30, 2025:

									Fair Value Measurements at Reporting Date Using
			Total as of						Quoted Prices in Active Markets for Identical Assets						Significant Other Observable Inputs						Significant Unobservable Inputs
Description			September 30, 2025						(Level 1)						(Level 2)						(Level 3)
Cash & Cash Equivalents			$	178,589,422					$	178,589,422					$	—					$	—
Short-Term Investments:
Corporate Bonds			2,261,853						—						2,261,853						—
Other			838,907						838,907						—						—
Long-Term Investments:
Asset-backed Securities			30,803,945						—						30,803,945						—
Corporate Bonds			38,269,313						—						38,269,313						—
Municipal Bonds			16,801,678						—						16,801,678						—
Total			$	267,565,118					$	179,428,329					$	88,136,789					$	—

As of December 31, 2024:

									Fair Value Measurements at Reporting Date Using
			Total as of						Quoted Prices in Active Markets for Identical Assets						Significant Other Observable Inputs						Significant Unobservable Inputs
Description			December 31, 2024						(Level 1)						(Level 2)						(Level 3)
Cash & Cash Equivalents			$	233,318,766					$	233,318,766					$	—					$	—
Short-Term Investments:
Asset-backed Securities			2,851,933						—						2,851,933						—
Certificate of Deposit			751,728						751,728						—						—
Corporate Bonds			3,971,200						—						3,971,200						—
Government Securities			3,982,275						—						3,982,275						—
Municipal Bonds			3,386,500						—						3,386,500						—
Other			1,400,176						1,400,176						—						—
Long-Term Investments:
Asset-backed Securities			41,766,104						—						41,766,104						—
Corporate Bonds			54,537,517						—						54,537,517						—
Governmental Securities			6,199,535						—						6,199,535						—
Municipal Bonds			39,458,318						—						39,458,318
VOXX Common Stock			47,702,903						47,702,903						—						—
Total			$	439,326,955					$	283,173,573					$	156,153,382					$	—

Schedule of Amortized Cost, Unrealized Gains and Losses, and Market Value of Investment Securities

The amortized cost, unrealized gains and losses, and market value of investment securities are shown below as of September 30, 2025 and December 31, 2024.

As of September 30, 2025:

									Unrealized
			Cost						Gains						Losses						Market Value
Short-Term Investments:
Corporate Bonds			2,251,999						9,854						—						2,261,853
Other			838,907						—						—						838,907
Long-Term Investments:
Asset-backed Securities			29,764,908						1,039,037						—						30,803,945
Corporate Bonds			37,702,921						718,334						(151,942)						38,269,313
Municipal Bonds			16,641,509						350,251						(190,082)						16,801,678
Total			$	87,200,244					$	2,117,476					$	(342,024)					$	88,975,696

As of December 31, 2024:    

									Unrealized
			Cost						Gains						Losses						Market Value
Short-Term Investments:
Asset-Backed Securities			$	2,834,713					$	17,220					$	—					$	2,851,933
Certificate of Deposit			750,000						1,728						—						751,728
Corporate Bonds			4,013,735						—						(42,535)						3,971,200
Government Securities			3,981,161						1,114						—						3,982,275
Municipal Bonds			3,400,019						472						(13,991)						3,386,500
Other			1,400,176						—						—						1,400,176
Long-Term Investments:
Asset-backed Securities			41,372,112						620,756						(226,764)						41,766,104
Corporate Bonds			54,552,964						355,627						(371,074)						54,537,517
Government Securities			6,206,437						13,124						(20,026)						6,199,535
Municipal Bonds			40,542,837						209,564						(1,294,083)						39,458,318
VOXX Common Stock			48,774,886						7,502,949						(8,574,932)						47,702,903
Total			$	207,829,040					$	8,722,554					$	(10,543,405)					$	206,008,189

Schedule of Unrealized Loss on available-for-sale securities

Unrealized losses on available-for-sale securities as of September 30, 2025, are as follows:

			Aggregate Unrealized Losses						Aggregate Fair Value of Investments
Loss duration of less than one year			$	114,935					$	2,990,364
Loss duration of greater than one year			227,089						5,461,055
Total			$	342,024					$	8,451,419

Unrealized losses on available-for-sale securities as of December 31, 2024, are as follows:

			Aggregate Unrealized Losses						Aggregate Fair Value of Investments
Loss duration of less than one year			$	587,357					$	46,365,022
Loss duration of greater than one year			1,381,116						32,602,844
Total			$	1,968,473					$	78,967,866

Schedule of Investments Classified by Contractual Maturity Date

Fixed income securities as of September 30, 2025 have contractual maturities as follows:

Due within one year			$	2,261,853
Due between one and five years			41,483,834
Due over five years			44,391,102
			$	88,136,789

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- Definition

Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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