Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS (Tables)

v3.23.1
INVESTMENTS (Tables)
3 Months Ended
Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
SUMMARY OF MARKETABLE SECURITIES

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 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

 

SCHEDULE OF AVAILABLE FOR SALE DEBT SECURITIES BY CONTRACTUAL MATURITY

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 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