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Investment in Available for Sale Marketable Securities
 3 Months Ended
Mar. 31, 2021
Investment In Marketable Securities [Abstract]  
INVESTMENT IN AVAILABLE FOR SALE MARKETABLE SECURITIES

The Company’s investment in marketable equity securities is being held for an indefinite period. Cost basis of marketable securities held as of March 31, 2021 and December 31, 2020 was $42,720 and accumulated unrealized losses were $41,073 and $41,296 as of March 31, 2021 and December 31, 2020, respectively. The fair market value of available for sale marketable securities was $1,647 as of March 31, 2021, based on 178,000 shares of common stock held in one entity with an average per share market price of approximately $0.01.

  

Net recognized gains (losses) on equity investments were as follows:

 

   Three Months Ended
   March 31,
   2021  2020
Net realized gains (losses) on investment sold  $—     $(2,142)
Net unrealized gains (losses) on investments still held   223    (16,644)
           
Total  $223   $(18,786)

 

 

The reconciliation of the investment in marketable securities is as follows for the three months ended March 31, 2021 and 2020:

 

   March 31,  March 31,
   2021  2020
Balance – December 31  $1,424   $44,766 
Additions   —      —   
Proceeds on sales of securities   —      (14,955)
Recognized gain (loss)   223    (18,786)
Balance – March 31  $1,647   $11,025