| 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 March
31, 2022 and December 31, 2021 are as follows:
| Schedule of Fair value Marketable Securities |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Fair Value Measurements Using |
| |
|
Balance as of March 31, 2022 |
|
Quoted Prices in Active Markets for Identical Assets (Level 1) |
|
Significant Other Observable Inputs (Level 2) |
| Marketable securities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate bonds |
|
$ |
5,472,730 |
|
|
$ |
— |
|
|
$ |
5,472,730 |
|
| Certificated of Deposits |
|
|
505,313 |
|
|
|
— |
|
|
|
505,313 |
|
| Money market funds (1) |
|
|
3,849,926 |
|
|
|
3,849,926 |
|
|
|
— |
|
| Total marketable securities |
|
$ |
9,827,969 |
|
|
$ |
3,849,926 |
|
|
$ |
5,978,043 |
|
| |
|
|
|
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 |
|
|
|
6,975,302 |
|
|
|
— |
|
| Total marketable securities |
|
$ |
13,039,399 |
|
|
$ |
6,975,302 |
|
|
$ |
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 March 31, 2022 and 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.
|