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Marketable Securities
 6 Months Ended
Jun. 30, 2023
Marketable Securities  
Marketable Securities

(5) Marketable Securities

 

The following table is a summary of marketable securities at June 30, 2023:

 

 

 

Adjusted

Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair

Value

 

Level 1 (1)

 

 

 

 

 

 

 

 

 

 

 

 

Money market fund

 

$966

 

 

 

-

 

 

 

-

 

 

$966

 

Marketable equitable securities

 

 

3,018,635

 

 

 

37,789

 

 

 

(187 )

 

 

3,056,237

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total marketable securities

 

$3,019,601

 

 

 

37,789

 

 

 

(187 )

 

$3,057,203

 

 

Cash and cash equivalents in our marketable securities account at June 30, 2023 was $966. 

 

(1)    Level 1 fair value estimates are based on quoted prices in active markets for identical assets or liabilities.

 

When evaluating an investment for impairment, the Company reviews factors including the length of time and extent to which fair value has been below cost basis, the financial condition of the issuer, changes in market interest rates and whether it is more likely than not the Company will be required to sell the investment before recovery of the investment’s cost basis.  As of June 30, 2023, the Company does not consider any of its investments to be impaired.