XML 32 R10.htm IDEA: XBRL DOCUMENT

Investments

12 Months Ended

Dec. 31, 2025

NOTE 3 – INVESTMENTS

Investments consist of trading securities and held-to-maturity securities. Trading securities primarily include trading stock, mutual funds and wealth management products issued by commercial banks which are held for the purpose of selling them in the near term. Held-to-maturity securities primarily include wealth management products which the Company has positive intent and ability to hold them to maturity.

Held-to-maturity securities with maturity over one year are recorded in long-term investments. As of December 31, 2025 and 2024, the Company did not have any held-to-maturity securities with maturity longer one year. Below is a summary of the Company’s investments as of December 31, 2025 and 2024.

			Quoted		Significant		Significant
			Prices in		Other		Other
			Active		Observable		Unobservable
	December 31,		Markets		Inputs		Inputs
	2025		(Level 1)		(Level 2)		(Level 3)
Short-term investments
Trading securities carried at fair value	$	6,944,168	$	93,150	$	6,851,018	$	-
Held-to-maturity securities carried at cost⁽¹⁾		11,100,000		-		11,100,000		-
Total	$	18,044,168	$	93,150	$	17,951,018	$	-

			Quoted		Significant		Significant
			Prices in		Other		Other
			Active		Observable		Unobservable
	December 31,		Markets		Inputs		Inputs
	2024		(Level 1)		(Level 2)		(Level 3)
Short-term investments
Trading securities carried at fair value	$	5,355,552	$	67,373	$	5,288,179	$	-
Held-to-maturity securities carried at cost⁽¹⁾		17,576,988		-		17,576,988		-
Total	$	22,932,540	$	67,373	$	22,865,167	$	-

Net investment gain for the years ended December 31, 2025, 2024 and 2023 consists of the following.

	December 31,
	2025		2024			2023
Gain (loss) from sales of short-term investments:
Trading securities	$	51,371	$	(2,098	)	$	31,097
Held-to-maturity securities⁽¹⁾		1,209,226		250,826			195,415
Unrealized gain from short-term investments:
Trading securities		122,337		87,513			49,245
Realized gain from long-term investments:
Held-to-maturity securities		-		-			54,795
Net investment gain	$	1,382,934	$	336,241		$	330,552

(1)

On December 31, 2025, the Company early terminated its investment agreement with two companies that were engaged to manage a total of $6 million in held-to-maturity securities. In accordance with the termination agreements, the counter parties promise to remit to the Company its original investment of $6 million plus the associated investment gain of $846,247, by the end of April 2026. As of December 31, 2025, the Company recorded an Other Receivable for $6,846,247. See NOTE 8 - OTHER RECEIVABLE.