| INVESTMENTS |
4. INVESTMENTS
The following table summarizes the Company’s investments as of March 31, 2023:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Gross
Unrealized
Gain |
|
|
Gross
Unrealized
Losses |
|
|
Fair Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial paper |
|
$ |
11,367,511 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
11,367,511 |
|
Corporate debt securities |
|
|
25,603,521 |
|
|
|
— |
|
|
|
(68,469 |
) |
|
|
25,535,052 |
|
Total |
|
$ |
36,971,032 |
|
|
$ |
— |
|
|
$ |
(68,469 |
) |
|
$ |
36,902,563 |
|
The following table summarizes the amortized cost and fair value of the Company’s available-for-sale marketable securities by contractual maturity as of March 31, 2023:
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Fair Value |
|
|
|
|
|
|
|
|
Maturing in one year or less |
|
$ |
36,971,032 |
|
|
$ |
36,902,563 |
|
Maturing after one year but less than three years |
|
|
— |
|
|
|
— |
|
|
|
$ |
36,971,032 |
|
|
$ |
36,902,563 |
|
The following table summarizes the Company’s investments as of December 31, 2022:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Gross
Unrealized
Gain |
|
|
Gross
Unrealized
Losses |
|
|
Fair Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial paper |
|
$ |
12,173,980 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
12,173,980 |
|
Corporate debt securities |
|
|
30,146,060 |
|
|
|
— |
|
|
|
(125,744 |
) |
|
|
30,020,316 |
|
Total |
|
$ |
42,320,040 |
|
|
$ |
— |
|
|
$ |
(125,744 |
) |
|
$ |
42,194,296 |
|
The following table summarizes the amortized cost and fair value of the Company’s available-for-sale marketable securities by contractual maturity as of December 31, 2022:
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Fair Value |
|
|
|
|
|
|
|
|
Maturing in one year or less |
|
$ |
42,320,040 |
|
|
$ |
42,194,296 |
|
Maturing after one year but less than three years |
|
|
— |
|
|
|
— |
|
|
|
$ |
42,320,040 |
|
|
$ |
42,194,296 |
|
|