Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

v3.22.2.2
Fair Value Measurement (Tables)
9 Months Ended
Sep. 30, 2022
Fair Value Measurement  
Schedule of company's assets at fair value

The following table sets forth by Level, within the fair value hierarchy, the Company’s assets at fair value as of September 30, 2022:

    

Level 1

    

Level 2

    

Level 3

    

Total

Stocks and ETFs

$

9,135,577

$

9,135,577

Mutual funds

25,215,797

25,215,797

Total liquid investments

$

34,351,374

$

34,351,374

Real estate owned

$

5,615,940

$

5,615,940

Schedule of company's available-for-sale (AFS) securities and other comprehensive income (OCI)

The following table presents the impact of the Company's Available-For-Sale (AFS) securities on its Other Comprehensive Income (OCI) for the three and nine months ended September 30, 2022 and 2021:

Three Months Ended

Nine months Ended

September 30,

September 30,

2022

2021

2022

2021

OCI from AFS securities:

    

  

    

  

    

  

    

  

Unrealized (losses) on AFS securities at beginning of period

$

(425,972)

$

(137,802)

$

(476,016)

$

(25,992)

Unrealized (losses) on securities available-for-sale

 

(131,569)

 

(500,188)

 

(81,525)

 

(611,998)

Change in OCI from AFS securities

 

(131,569)

 

(500,188)

 

(81,525)

 

(611,998)

Balance at end of period

$

(557,541)

$

(637,990)

$

(557,541)

$

(637,990)