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FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Apr. 01, 2023

Fair Value Disclosures [Abstract]

SCHEDULE OF FAIR VALUE MEASUREMENTS OF FINANCIAL ASSETS

The following table details the fair value measurements of the Company’s financial assets:

 SCHEDULE OF FAIR VALUE MEASUREMENTS OF FINANCIAL ASSETS 

		Total				Level 1				Level 2				Level 3
						Fair Value Measurement at April 1, 2023 Using:
		Total				Level 1				Level 2				Level 3
Cash and cash equivalents		$	8,583,146			$	8,583,146			$	—			$	—
U.S. government and agency-backed securities			13,330,685				8,907,220				4,423,465				—
Corporate debt			499,860				—				499,860				—
Certificates of deposit			7,196,505				7,196,505				—				—
Equity investments			7,727,789				195,755				—				7,532,034
Financial instruments, owned, at fair value		$	37,337,985			$	24,882,626			$	4,923,325			$	7,532,034

		Total				Level 1				Level 2				Level 3
						Fair Value Measurement at December 31, 2022 Using:
		Total				Level 1				Level 2				Level 3
Cash and cash equivalents		$	8,258,878			$	8,258,878			$	—			$	—
U.S. government and agency- backed securities			2,397,730				—				2,397,730				—
Corporate debt			1,500,445				—				1,500,445				—
Certificates of deposit			490,603				490,603				—				—
Equity investments			7,721,206				213,016				—				7,508,190
Financial instruments, owned, at fair value		$	20,368,862			$	8,962,497			$	3,898,175			$	7,508,190

SCHEDULE OF FAIR VALUE, LIABILITIES MEASURED ON RECURRING BASIS

Transfers between levels of the fair value hierarchy are reported at the beginning of the reporting period in which they occur. Changes in Level 3 investments were as follows:

 SCHEDULE OF FAIR VALUE, LIABILITIES MEASURED ON RECURRING BASIS 

		December 31, 2022				Net unrealized gains				Purchases, issuances and settlements				April 1, 2023
Equity Investments		$	7,508,190			$	23,844			$	—			$	7,532,034

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- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2C
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2C

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-3

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-11

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