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INVESTMENT IN AVAILABLE FOR SALE MARKETABLE SECURITIES

12 Months Ended

Dec. 31, 2021

INVESTMENT IN AVAILABLE FOR SALE MARKETABLE SECURITIES

INVESTMENT IN AVAILABLE FOR SALE MARKETABLE SECURITIES

NOTE 4 - INVESTMENT IN AVAILABLE FOR SALE MARKETABLE SECURITIES

The Company’s investments in marketable equity securities are being held for an indefinite period and thus have been classified as available for sale. Cost basis of securities held as of both December 31, 2021 and 2020 was $42,720, and accumulated unrealized losses were $42,720 and $41,296 as of December 31, 2021 and 2020, respectively. The fair market value of available for sale marketable securities was $0 and $1,424 as of December 31, 2021 and 2020, respectively, based on 178,000 shares of common stock held in one entity with a per share market price of approximately $0.00 and 0.01, respectively.

Net losses on equity investments were as follows:

	Years Ended
	December 31,
	2021			2020
Net realized losses on investment sold or assigned	$	-		$	(2,543	)
Net unrealized losses on investments still held		(1,424	)		(19,873	)

Total	$	(1,424	)	$	(22,416	)

The reconciliation of the investment in marketable securities is as follows for the years ended December 31, 2021 and 2020:

	December 31,			December 31,
	2021			2020
Beginning Balance - December 31	$	1,424		$	44,766
Additions		-			-
Proceeds on sales of securities		-			(17,009	)
Assignment of securities as compensation		-			(3,917	)
Recognized losses		(1,424	)		(22,416	)
Ending Balance - December 31	$	-		$	1,424