| Schedule of company's assets at fair value |
The following table sets forth by Level, within the fair value hierarchy, the fair value of the Company’s assets as of December 31, 2022:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Stocks and ETF's |
|
$ |
3,282,659 |
|
$ |
1,446,065 |
|
|
— |
|
$ |
4,728,724 |
Mutual funds |
|
|
14,850,839 |
|
|
— |
|
|
— |
|
|
14,850,839 |
Debt securities |
|
|
3,880,045 |
|
|
1,116,854 |
|
|
— |
|
|
4,996,899 |
Total liquid investments |
|
$ |
22,013,543 |
|
$ |
2,562,919 |
|
|
— |
|
$ |
24,576,462 |
Real estate owned |
|
|
— |
|
|
— |
|
$ |
5,216,149 |
|
$ |
5,216,149 |
The following table sets forth by Level, within the fair value hierarchy, the fair value of the Company’s assets as of December 31, 2021:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Stocks and ETF's |
|
$ |
10,618,756 |
|
|
— |
|
|
— |
|
$ |
10,618,756 |
Mutual funds |
|
|
27,370,857 |
|
|
— |
|
|
— |
|
|
27,370,857 |
Debt securities |
|
|
22,644,048 |
|
|
|
|
|
|
|
|
22,644,048 |
Total liquid investments |
|
$ |
60,633,661 |
|
|
— |
|
|
— |
|
$ |
60,633,661 |
Real estate owned |
|
|
— |
|
|
— |
|
$ |
6,559,010 |
|
$ |
6,559,010 |
|
| Schedule of company's available-for-sale (AFS) securities and other comprehensive income (OCI) |
|
|
|
|
|
|
|
|
|
Year Ended |
|
|
December 31, |
|
|
2022 |
|
2021 |
OCI from AFS securities – debt securities: |
|
|
|
|
|
|
Unrealized (losses) on AFS-debt securities at beginning of period |
|
$ |
(476,016) |
|
$ |
(25,992) |
Reversal of losses from unrealized to realized |
|
|
310,000 |
|
|
— |
Unrealized (losses) on securities available-for-sale – debt securities |
|
|
(395,474) |
|
|
(450,024) |
Change in OCI from AFS securities – debt securities |
|
|
(85,474) |
|
|
(450,024) |
Balance at end of period |
|
$ |
(561,490) |
|
$ |
(476,016) |
|