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INVESTMENT IN AVAILABLE FOR SALE MARKETABLE SECURITIES

6 Months Ended

Jun. 30, 2021

INVESTMENT IN AVAILABLE FOR SALE MARKETABLE SECURITIES

NOTE 3 - INVESTMENT IN AVAILABLE FOR SALE MARKETABLE SECURITIES

NOTE 3 - 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 June 30, 2021 and December 31, 2020 were $42,720 for both periods and accumulated unrealized losses were $41,830 and $41,296 as of June 30, 2021 and December 31, 2020, respectively. The fair market value of available for sale marketable securities was $890 and $1,424 as of June 30, 2021 and December 31, 2020, respectively, 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:

	Six Months Ended
	June 30,
	2021			2020
Net realized gains (losses) on investment sold	$	-		$	(2,543	)
Net unrealized gains (losses) on investments still held		(534	)		(16,197	)

Total	$	(534	)	$	(18,740	)

The reconciliation of the investment in marketable securities is as follows for the six months ended June 30, 2021 and 2020:

	June 30,			June 30,
	2021			2020
Balance - December 31	$	1,424		$	44,766
Additions		-			-
Proceeds on sales of securities		-			(17,009	)
Recognized gain (loss)		(534	)		(18,740	)
Balance - June 30	$	890		$	9,017