Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities

v3.23.1
Marketable Securities
3 Months Ended
Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities
5.
Marketable Securities

 

Marketable securities consisted of the following as of March 31, 2023:

 

March 31, 2023

 

Amortized Cost

 

 

Unrealized Gain

 

 

Unrealized Loss

 

 

Fair Value

 

Marketable securities, available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury obligations

 

$

21,595,742

 

 

$

165,822

 

 

$

 

 

$

21,761,564

 

Total

 

$

21,595,742

 

 

$

165,822

 

 

$

 

 

$

21,761,564

 

 

December 31, 2022

 

Amortized Cost

 

 

Unrealized Gain

 

 

Unrealized Loss

 

 

Fair Value

 

Marketable securities, available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury obligations

 

$

15,756,902

 

 

$

104,718

 

 

$

 

 

$

15,861,620

 

Total

 

$

15,756,902

 

 

$

104,718

 

 

$

 

 

$

15,861,620

 

As of March 31, 2023, the Company held six U.S. Treasury debt securities that were in an unrealized gain position totaling $165,822. As of December 31, 2022, the Company held three U.S. Treasury debt securities that were in an unrealized gain position totaling $104,718.

The Company received proceeds of $15.7 million from maturities of marketable securities for the period ended March 31, 2023. The Company received proceeds of $4.96 million from maturities of marketable securities for the year ended December 31, 2022. The Company did not realize any gains or losses from maturities of marketable securities for the period ended March 31, 2023 or the year ended December 31, 2022.