Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES

v3.24.1.u1
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES
3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES . FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES

 

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values as of March 31, 2024:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

7,327,907

 

 

$

 

 

$

 

 

$

7,327,907

 

Corporate debt securities

 

 

 

 

 

1,818,381

 

 

 

 

 

 

1,818,381

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

 

 

 

15,814,204

 

 

 

 

 

 

15,814,204

 

Corporate debt securities

 

 

 

 

 

90,185,887

 

 

 

 

 

 

90,185,887

 

 

$

7,327,907

 

 

$

107,818,472

 

 

$

 

 

$

115,146,379

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$

 

 

$

 

 

$

10,882

 

 

$

10,882

 

 

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values as of December 31, 2023:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash Equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

7,832,675

 

 

$

 

 

$

 

 

$

7,832,675

 

Corporate debt securities

 

 

 

 

 

1,862,273

 

 

 

 

 

 

1,862,273

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

 

 

 

 

7,182,325

 

 

 

 

 

 

7,182,325

 

 

$

7,832,675

 

 

$

9,044,598

 

 

$

 

 

$

16,877,273

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$

 

 

$

 

 

$

39,450

 

 

$

39,450