Quarterly report pursuant to Section 13 or 15(d)

Marketable securities

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Marketable securities
 9 Months Ended
Sep. 30, 2024
Marketable Securities  
Marketable securities

2. Marketable securities

 

As of September 30, 2024, the Company had no marketable securities. The Company’s investments in debt securities are carried at either amortized cost or fair value. Investments in debt securities that the Company has the positive intent and ability to hold to maturity are carried at amortized cost and classified as held-to-maturity. Investments in debt securities that are not classified as held-to-maturity are carried at fair value and classified as either trading or available-for-sale. Realized and unrealized gains and losses on trading debt securities as well as realized gains and losses on available-for-sale debt securities are included in net income.

  

                               
    As of 12/31/2023
    Amortized Cost   Gross Unrealized Gains   Gross
Unrealized
Losses		   Fair Value
                 
Marketable Securities                                
Corporate Bonds   $ 4,473,033     $ 50,878     $ (60,969 )   $ 4,462,942  
Total Marketable Securities   $ 4,473,033     $ 50,878     $ (60,969 )   $ 4,462,942  

  

                               
    Fair Value Measurements Using
    Balance as of
December 31, 2023		   Quoted Prices in Active Markets for Identical Assets
(Level 1)		   Significant Other
Observable Inputs
(Level 2)		   Significant
Non-observable Inputs
(Level 3)
Marketable securities:                                
Corporate Bonds   $ 4,462,942     $ —     $ 4,462,942     $ —  
                                 
Total marketable securities   $ 4,462,942     $ —     $ 4,462,942     $ —  

  

The Company’s investments in corporate bonds, commercial paper and certificates of deposits are measured based on quotes from market makers for similar items in active markets.