XML 20 R10.htm IDEA: XBRL DOCUMENT v3.22.2.2
INVESTMENT IN AVAILABLE FOR SALE MARKETABLE SECURITIES
 9 Months Ended
Sep. 30, 2022
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 investment in marketable equity securities is being held for an indefinite period. Cost basis of marketable securities held as of September 30, 2022 and December 31, 2021 were $42,720 for both periods and accumulated unrealized losses were $42,720 as of September 30, 2022 and December 31, 2021, respectively. The fair market value of available for sale marketable securities was $0.00 as of September 30, 2022 and December 31, 2021, based on 178,000 shares of common stock held in one entity with an average per share market price of approximately $0.00.

 

Net recognized gains on equity investments were as follows:

 

 

 

Nine Months Ended

 

 

 

September 30,

 

 

 

2022

 

 

2021

 

Net realized gains (losses) on investment sold

 

$-

 

 

$-

 

Net unrealized loss on investments still held

 

 

-

 

 

 

(1,424 )

 

 

 

 

 

 

 

 

 

Total

 

$-

 

 

$(1,424 )

The reconciliation of the investment in marketable securities is as follows for the nine months ended September 30, 2022 and 2021:

 

 

 

September 30,

 

 

September 30,

 

 

 

2022

 

 

2021

 

Balance - December 31

 

$-

 

 

$1,424

 

Additions

 

 

-

 

 

 

-

 

Proceeds on sales of securities

 

 

-

 

 

 

-

 

Recognized loss

 

 

-

 

 

 

(1,424 )

Balance - September 30

 

$-

 

 

$-