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Short-Term Investments | 12 Months Ended
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Dec. 31, 2024
Investments Debt And Equity Securities [Abstract] |
Short-Term Investments | NOTE 3 - SHORT-TERM INVESTMENTS The Company’s short-term investments by significant investment category as of December 31, 2024, were as follows:
Description |  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses (Gains) |  |  | Accrued Interest |  |  | Estimated Fair Value |
Level 1: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash alternatives |  | $ | 814,717 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 814,717 |
Certificates of deposit |  |  | 2,349,000 |  |  |  | - |  |  |  | (4,572 | ) |  |  | 48,776 |  |  |  | 2,402,348 |
|  | $ | 3,163,717 |  |  | $ | - |  |  | $ | (4,572 | ) |  | $ | 48,776 |  |  | $ | 3,217,065 |
The Company’s short-term investments by significant investment category as of December 31, 2023, were as follows:
Description |  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Accrued Interest |  |  | Estimated Fair Value |
Level 1: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash alternatives |  | $ | 76,709 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 76,709 |
Certificates of deposit |  |  | 7,585,000 |  |  |  | 5,793 |  |  |  | - |  |  |  | 104,318 |  |  |  | 7,695,111 |
|  | $ | 7,661,709 |  |  | $ | 5,793 |  |  | $ | - |  |  | $ | 104,318 |  |  | $ | 7,771,820 |
(1) Level 1 fair value estimates are based on quoted prices in active markets for identical assets or liabilities. Cash alternatives represents cash balances in savings accounts which are temporarily on-hand that are immediately available for investments in accordance with the Company’s investment policy. The Company typically invests in highly rated securities and its investment policy limits the amount of credit exposure to any one issuer. The policy requires investments in fixed income instruments denominated and payable in U.S. dollars only and requires investments to be investment grade, with a primary objective of minimizing the potential risk of principal loss.

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