Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments

v3.23.3
Fair Value of Financial Instruments
9 Months Ended
Sep. 30, 2023
Fair Value Disclosures [Abstract]  
Fair Value of Financial Instruments
4.
Fair Value of Financial Instruments

 

The following table summarizes cash equivalents and marketable securities measured at their fair value on a recurring basis as of the following:

 

 

Fair Value Measurements as of September 30, 2023 Using:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

   Money market funds

 

$

13,743,462

 

 

$

 

 

$

 

 

$

13,743,462

 

Total

 

$

13,743,462

 

 

$

 

 

$

 

 

$

13,743,462

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities, available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

   U.S. treasury obligations

 

$

1,970,260

 

 

$

 

 

$

 

 

$

1,970,260

 

Total

 

$

1,970,260

 

 

$

 

 

$

 

 

$

1,970,260

 

 

 

 

Fair Value Measurements as of December 31, 2022 Using:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

   Money market funds

 

$

5,304,405

 

 

$

 

 

$

 

 

$

5,304,405

 

Total

 

$

5,304,405

 

 

$

 

 

$

 

 

$

5,304,405

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities, available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

   U.S. treasury obligations

 

$

15,861,620

 

 

$

 

 

$

 

 

$

15,861,620

 

Total

 

$

15,861,620

 

 

$

 

 

$

 

 

$

15,861,620