Annual report pursuant to Section 13 and 15(d)

Marketable Securities

v3.24.1
Marketable Securities
 12 Months Ended
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities

5. Marketable Securities

Marketable securities consisted of the following:

 

December 31, 2023

Amortized Cost

 

 

Unrealized Gain

 

 

Unrealized Loss

 

 

Fair Value

 

Marketable securities, available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

   U.S. treasury obligations

 

$

4,085,996

 

 

$

877

 

 

$

—

 

 

$

4,086,873

 

Total

 

$

4,085,996

 

 

$

877

 

 

$

—

 

 

$

4,086,873

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 December 31, 2023, the Company held three U.S. Treasury debt securities that were in an unrealized gain position totaling $877. As of December 31, 2022, the Company held three U.S. Treasury debt securities that were in an unrealized gain position totaling $104,718. All U.S. treasury obligations were due to mature in less than one year for the years ended December 31, 2023 and 2022, respectively.

The Company received proceeds of $41.1million from maturities of marketable securities for the year ended December 31, 2023. The Company received proceeds of $4.96 million from maturities of marketable securities for the year ended December 31, 2022