INVESTMENTS IN MARKETABLE SECURITIES

9 Months Ended

Sep. 30, 2025

Investments, Debt and Equity Securities [Abstract]

NOTE 11. INVESTMENTS IN MARKETABLE SECURITIES

The Company’s investments consist of U.S. Treasury Bills, U.S. Treasury Notes, and short-term U.S. government funds, all of which are classified as trading securities in accordance with ASC 320, Investments – Debt Securities.

Trading securities are recorded at fair value, with unrealized gains and losses recognized in earnings within “Other income (expense)” in the unaudited condensed consolidated statements of operations. Premiums and discounts are not separately amortized, as changes in fair value reflect the total return on these securities.

The Company’s policy is to classify investments with original maturities of three months or less at the date of purchase as cash and cash equivalents and those with original maturities greater than three months as marketable securities. All securities are investment-grade, highly liquid, and held in the Company’s name.

The following table summarizes the Company’s trading securities by major investment type as of September 30, 2025 and December 31, 2024:

	September 30,		December 31,
Security Type:	2025		2024
U.S. Treasury Bills	$	3,176,550	$	-
U.S. Treasury Notes		6,482,834		-
Total U.S. Treasury Securities	$	9,659,384	$	-
U.S. Government Securities		1,400,250		-
Total Trading Securities	$	11,059,634	$	-

All trading securities are measured at fair value using Level 1 inputs, as quoted for identical securities are available in active markets.

The following table presents the cost basis, fair value, and unrealized gains (losses) of the Company’s U.S. Treasury Notes as of September 30, 2025:

	Cost Basis		Fair Value		Unrealized Gain (Loss)
U.S. Treasury Note #1	$	1,500,009	$	1,500,000	$	(9	)
U.S. Treasury Note #2		1,000,123		1,000,000		(123	)
U.S. Treasury Note #3		2,001,535		2,001,260		(275	)
U.S. Treasury Note #4		990,293		990,416		123
U.S. Treasury Note #5		991,075		991,158		83
Total U.S. Treasury Notes	$	6,483,035	$	6,482,834	$	(201	)

The Company recognized $37,119 and $116,283 of unrealized loss on marketable securities for the three and nine months ended September 30, 2025, respectively, of which, $201 is related to the above U.S. Treasury Notes. The Company recognized $240,743 of unrealized loss on marketable securities and $26,159 of unrealized gain on marketable securities for the three and nine months ended September 30, 2024, respectively. The Company recognized $82,345 and $387,899 of realized gain on marketable securities for the three and nine months ended September 30, 2025, respectively. The Company recognized $562,627 and $1,014,748 of realized gain on marketable securities for the three and nine months ended September 30, 2024, respectively.

The contractual maturities of U.S. Treasury securities held as of September 30, 2025, are as follows:

SCHEDULE OF DEBT MATURITY SECURITIES

	September 30,
	2025
Due within 90 days	$	6,177,846
Due after 90 days through one year		3,481,538
Total	$	9,659,384

StableX Technologies, Inc. 10-Q