Annual report pursuant to Section 13 and 15(d)

Marketable Securities

v3.22.1
Marketable Securities
 12 Months Ended
Dec. 31, 2021
Marketable Securities  
Marketable Securities

2. Marketable Securities

 

Assets and liabilities measured at fair value on a recurring basis based on Level 1 and Level 2 fair value measurement criteria as of December 31, 2021 are as follows:

 

                       
        Fair Value Measurements Using
    Balance as of December 31, 2021   Quoted Prices in Active Markets for Identical Assets (Level 1)   Significant Other Observable Inputs (Level 2)
Marketable securities:                        
Corporate bonds   $ 5,549,670     $ —     $ 5,549,670  
Certificated of Deposits     514,427       —       514,427  
Money market funds (1)     6,975,302       6,384,541       —  
Total marketable securities   $ 13,039,399     $ 6,384,541     $ 6,064,097  

 

(1) Included within cash and cash equivalents on the Company’s consolidated balance sheets.

 

The Company’s investments in US government bonds and money market funds are measured based on publicly available quoted market prices for identical securities as of December 31, 2021. The Company’s investments in corporate bonds, commercial paper and certificated of deposits are measured based on quotes from market makers for similar items in active markets.

 

The Company did not have any marketable securities at December 31, 2020