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Investments

12 Months Ended

Dec. 31, 2023

Short-term Investments [Abstract]

INVESTMENTS

NOTE 3 – INVESTMENTS

Short-term investments consist of trading stock and debt securities, which include mutual funds and wealth management products issued by commercial banks with maturity within one year. Long-term investments consist of wealth management products with maturity over one year. Investments consisted of the following.

						Quoted				Significant				Significant
						Prices in				Other				Other
						Active				Observable				Unobservable
		December 31,				Markets				Inputs				Inputs
		2023				(Level 1)				(Level 2)				(Level 3)
Short-term investments
Trading securities		$	5,837,445			$	5,837,445			$	-			$	-
Held-to-maturity debt securities			3,000,000				3,000,000				-				-
Long-term investment
Held-to-maturity debt securities			1,000,000				1,000,000				-				-
Total		$	9,837,445			$	9,837,445			$	-			$	-

						Quoted				Significant				Significant
						Prices in				Other				Other
						Active				Observable				Unobservable
		December 31,				Markets				Inputs				Inputs
		2022				(Level 1)				(Level 2)				(Level 3)
Short-term investment
Trading securities		$	2,408,772			$	2,408,772			$	-			$	-
Held-to-maturity debt securities			1,881,576				1,881,576				-				-
Total		$	4,290,348			$	4,290,348			$	-			$	-

Net investment (loss) income for the years ended December 31, 2023, 2022 and 2021 consists of the following.

		December 31,
		2023				2022				2021
Gain (loss) from sales of short-term investments:
Trading securities		$	31,097			$	(30,848	)		$	3,945
Held-to-maturity debt securities			11,397				-				17,189
Unrealized holding income (loss) of short-term investments:
Trading securities			49,245				(2,722	)			82,241
Held-to-maturity debt securities			184,018				14,207				-
Unrealized holding income of long-term investments:
Held-to-maturity debt securities			54,795				-				-
Net investment income (loss)		$	330,552			$	(19,363	)		$	103,375