Short-Term Investments

12 Months Ended

Dec. 31, 2024

Investments Debt And Equity Securities [Abstract]

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.