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Investments
 12 Months Ended
Dec. 31, 2024
Investments, All Other Investments [Abstract]  
Investments

5. Investments

 

The following table summarizes the Company’s held-to-maturity investment securities at amortized cost as of December 31, 2024 and 2023:

 

   Amortized Cost, as Adjusted   Gross Unrealized Holding Gains   Gross Unrealized Holding Losses   Estimated Fair Value 
   December 31, 2024 
   Amortized Cost, as Adjusted   Gross Unrealized Holding Gains   Gross Unrealized Holding Losses   Estimated Fair Value 
                 
U.S. Treasury Bills  $212,588,960   $82,251   $-   $212,671,211 
Total  $212,588,960   $82,251   $-   $212,671,211 

 

   Amortized Cost, as Adjusted   Gross Unrealized Holding Gains   Gross Unrealized Holding Losses   Estimated Fair Value 
   December 31, 2023 
   Amortized Cost, as Adjusted   Gross Unrealized Holding Gains   Gross Unrealized Holding Losses   Estimated Fair Value 
                 
U.S. Treasury Bills  $149,919,974   $30,995   $-   $149,950,969 
Total  $149,919,974   $30,995   $-   $149,950,969 

 

The fair value of the Company’s held-to-maturity debt securities is determined based upon inputs, other than the quoted prices in active markets, that are observable either directly or indirectly, and are classified as Level 2 fair value instruments.