XML 101 R13.htm IDEA: XBRL DOCUMENT
v3.25.2

Marketable securities | 6 Months Ended
--- | ---
Jun. 30, 2025
Cash and Cash Equivalents [Abstract] |
Marketable securities | 7. Marketable securities The Company invests available liquid assets, (i.e., not used or expected to be needed in short/very short-term operations), in marketable securities consisting of highly rated domestic and foreign government debt securities, specifically U.S. Treasury Bills and Notes, and Italian Government Bonds. Since the Company’s intent was not to sell the securities immediately, but the Company was uncertain if the securities would be held until maturity, it was determined that debt securities were to be classified as AFS. For the six months ended June 30, 2025, the unrealized gain recognized during the reporting period on marketable securities still held at the reporting date was approximately €70,169, while there was no unrealized loss recognized during the reporting period on marketable securities still held at the reporting date. Available-for-sale (“AFS”) debt securities are detailed as follows: Schedule of marketable securities
|  | Amortized cost |  |  | Fair value |  |  | Unrealized gain (loss) |  |  | Allowance for credit losses |
|  | June 30, 2025 |
|  | Amortized cost |  |  | Fair value |  |  | Unrealized gain (loss) |  |  | Allowance for credit losses |
Available-for-sale (“AFS”) |  | € | 12,422,023 |  |  | € | 12,491,755 |  |  | € | 70,169 |  |  | € | - |
Total debt securities |  | € | 12,422,023 |  |  | € | 12,491,755 |  |  | € | 70,169 |  |  | € | - |
|  | Amortized cost |  |  | Fair value |  |  | Unrealized gain (loss) |  |  | Allowance for credit losses |
|  | December 31, 2024 |
|  | Amortized cost |  |  | Fair value |  |  | Unrealized gain (loss) |  |  | Allowance for credit losses |
Available-for-sale (“AFS”) |  | € | 7,992,891 |  |  | € | 8,078,002 |  |  | € | 96,234 |  |  | € | - |
Total Debt Securities |  | € | 7,992,891 |  |  | € | 8,078,002 |  |  | € | 96,234 |  |  | € | - |

X
- References No definition available. + Details
Name: | us-gaap_CashAndCashEquivalentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of cash, cash equivalent, and debt and equity securities, including realized and unrealized gain (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent + Details
Name: | us-gaap_CashCashEquivalentsAndMarketableSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration