| INVESTMENTS |
. INVESTMENTS
The following table summarizes the Company’s investments as of March 31, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Gross
Unrealized
Gain |
|
|
Gross
Unrealized
Losses |
|
|
Fair Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial paper |
|
$ |
15,848,555 |
|
|
$ |
— |
|
|
$ |
(34,351 |
) |
|
$ |
15,814,204 |
|
Corporate debt securities |
|
|
90,479,731 |
|
|
|
5,178 |
|
|
|
(299,022 |
) |
|
|
90,185,887 |
|
Total |
|
$ |
106,328,286 |
|
|
$ |
5,178 |
|
|
$ |
(333,373 |
) |
|
$ |
106,000,091 |
|
The following table summarizes the amortized cost and fair value of the Company’s available-for-sale marketable debt securities by contractual maturity as of March 31, 2024:
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Fair Value |
|
|
|
|
|
|
|
|
Maturing in one year or less |
|
$ |
62,499,737 |
|
|
$ |
62,371,492 |
|
Maturing after one year but less than three years |
|
|
43,828,549 |
|
|
|
43,628,599 |
|
|
|
$ |
106,328,286 |
|
|
$ |
106,000,091 |
|
The following table summarizes the Company’s investments as of December 31, 2023:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Gross
Unrealized
Gain |
|
|
Gross
Unrealized
Losses |
|
|
Fair Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Corporate debt securities |
|
|
7,183,066 |
|
|
|
679 |
|
|
|
(1,420 |
) |
|
|
7,182,325 |
|
Total |
|
$ |
7,183,066 |
|
|
$ |
679 |
|
|
$ |
(1,420 |
) |
|
$ |
7,182,325 |
|
The following table summarizes the amortized cost and fair value of the Company’s available-for-sale marketable debt securities by contractual maturity as of December 31, 2023:
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Fair Value |
|
|
|
|
|
|
|
|
Maturing in one year or less |
|
$ |
7,183,066 |
|
|
$ |
7,182,325 |
|
|
|
$ |
7,183,066 |
|
|
$ |
7,182,325 |
|
|