Annual report pursuant to Section 13 and 15(d)

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2023

SCHEDULE OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON RECURRING BASIS

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


	Level 1	Level 2	Level 3	Total

Assets:
Cash Equivalents:
Money Market funds	$8,470,790	$—	$—	$8,470,790
Commercial paper	—	1,494,538	—	1,494,538
Corporate debt securities	—	3,232,231	—	3,232,231
Investments:
Commercial paper	—	12,173,980	—	12,173,980
Corporate debt securities	—	30,020,316	—	30,020,316
	$8,470,790	$46,921,065	$—	$55,391,855

Liabilities:
Derivative liabilities	$—	$—	$36,868	$36,868