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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:

 

   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   €-