| 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 March 31, 2023:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Stocks and ETFs |
|
$ |
— |
|
$ |
1,403,680 |
|
$ |
— |
|
$ |
1,403,680 |
Mutual funds |
|
|
15,193,680 |
|
|
— |
|
|
— |
|
|
15,193,680 |
Debt securities |
|
|
18,109,325 |
|
|
1,130,517 |
|
|
— |
|
|
19,239,842 |
Total liquid investments |
|
$ |
33,303,005 |
|
$ |
2,534,197 |
|
$ |
— |
|
$ |
35,837,202 |
Real estate owned |
|
$ |
— |
|
$ |
— |
|
$ |
6,138,912 |
|
$ |
6,138,912 |
The following table sets forth by Level, within the fair value hierarchy, the Company’s assets at fair value 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 |
|
| 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 - debt securities on its Other Comprehensive Income (OCI) for the three months ended March 31, 2023:
|
|
|
|
|
|
|
|
|
Three months Ended |
|
|
March 31, |
|
|
2023 |
|
2022 |
OCI from AFS securities: |
|
|
|
|
|
|
Unrealized (loss) on AFS-debt securities at beginning of period |
|
$ |
(561,490) |
|
$ |
(476,016) |
Unrealized gain on securities available-for-sale – debt securities |
|
|
91,637 |
|
|
242,808 |
Change in OCI from AFS securities – debt securities |
|
|
91,637 |
|
|
242,808 |
Balance at end of period |
|
$ |
(469,853) |
|
$ |
(233,208) |
|