XML 20 R9.htm IDEA: XBRL DOCUMENT v3.24.3
Short-Term Investments and Investment in Equity Securities
 9 Months Ended
Sep. 30, 2024
Short-Term Investments and Investment in Equity Securities [Abstract]  
SHORT-TERM INVESTMENTS AND INVESTMENT IN EQUITY SECURITIES

NOTE 3 – SHORT-TERM INVESTMENTS AND INVESTMENT IN EQUITY SECURITIES

 

Short-Term Investments

 

On September 30, 2024, the Company’s short-term investments consisted of the following:

 

   Cost   Cumulative
Unrealized
Gain		   Fair Value 
US Treasury bills  $1,402,757   $13,299   $1,416,056 
Total short-term investments  $1,402,757   $13,299   $1,416,056 

 

On December 31, 2023, the Company’s short-term investments consisted of the following:

 

   Cost   Cumulative
Unrealized
Gain		   Fair Value 
US Treasury bills  $2,496,904   $95,785   $2,592,689 
Total short-term investments  $2,496,904   $95,785   $2,592,689 

 

Investment in Equity Securities, at Fair Value

 

The following table summarizes activity in the Company’s investment in equity securities, at fair value for the periods presented:

 

   Nine Months
Ended
September 30,		   Nine Months
Ended
September 30,		 
   2024   2023 
Balance, beginning of period  $
-
   $
               -
 
Additions   199,998    
-
 
Balance, end of period  $199,998   $
-
 

  

On September 30, 2024, investment in equity securities, at fair value consisted of 666,660 shares of common equity securities of one entity, Dragon Interactive Corporation. On May 16, 2024, the Company purchased 666,660 common shares of Dragon Interactive Corporation for $199,998.