| INVESTMENTS |
4. INVESTMENTS
The following table summarizes the Company’s investments as of June 30, 2023:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Gross
Unrealized
Gain |
|
|
Gross
Unrealized
Losses |
|
|
Fair Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial paper |
|
$ |
12,913,815 |
|
|
$ |
— |
|
|
$ |
(968 |
) |
|
$ |
12,912,847 |
|
Corporate debt securities |
|
|
15,326,533 |
|
|
|
9 |
|
|
|
(22,829 |
) |
|
|
15,303,713 |
|
Total |
|
$ |
28,240,348 |
|
|
$ |
9 |
|
|
$ |
(23,797 |
) |
|
$ |
28,216,560 |
|
The following table summarizes the amortized cost and fair value of the Company’s available-for-sale marketable securities by contractual maturity as of June 30, 2023:
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Fair Value |
|
|
|
|
|
|
|
|
Maturing in one year or less |
|
$ |
28,240,348 |
|
|
$ |
28,216,560 |
|
Maturing after one year but less than three years |
|
|
— |
|
|
|
— |
|
|
|
$ |
28,240,348 |
|
|
$ |
28,216,560 |
|
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 |
|
|