FINANCIAL RESULTS
Albanese Cormier Holdings, LLC and Subsidiaries NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Years ended December 31, 2025 and 2024
1.
Summary of Significant Accounting Policies, continued Cash, Cash Equivalents, and Restricted Cash The Company considers all cash and interest-bearing deposits in banks to be cash equivalents for purposes of the statements of cash flows. The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the statement of financial position that sum to the total of the same amounts shown in the statement of cash flows.
2025
2024
Cash and Cash Equivalents
$
10,223,458
$
11,328,654
Restricted Cash
-
-
$
10,223,458
$
11,328,654
Advertising Advertising costs are expensed as incurred. Advertising expense amounted to $395,689 and $242,093 for the years ended December 31, 2025 and 2024, respectively. Concentration of Credit Risk The primary accounts which subject the Company to concentrations of credit risk are cash. The Company historically invests excess cash in deposit accounts with major banks. Bank balances sometimes exceed levels covered by federal depository insurance, however the Company has experienced no losses on such balances. Uninsured deposits held at various banks amounted to $9,758,577 and $2,677,251 at December 31, 2025 and 2024, respectively. Marketable Securities Marketable securities consist of investments in stocks, US Treasury securities and municipal bonds. Management determines the appropriate classification of the securities at the time they are acquired and evaluates the appropriateness of such classifications at each balance sheet date. The Company classifies its marketable securities as available for sale. The Company adopted Financial Accounting Standards Board Accounting Standards Codification (“ASC”) Topic 320, Investments-Debt and Equity Securities, to account for its marketable securities. Marketable securities are recorded at fair value, with unrealized gains and losses included as a component of accumulated other comprehensive income (loss) in members’ capital until realized. The unrealized gains included in other comprehensive income (loss) was $6,295,836 and $2,400,266 for the years ended December 31, 2025 and 2024, respectively.
12
80
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