Quarterly report pursuant to Section 13 or 15(d)

Marketable securities

v3.23.1
Marketable securities
3 Months Ended
Mar. 31, 2023
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 March 31, 2023 and December 31, 2022 are as follows:

  

                               
        Fair Value Measurements Using    
    Balance as of March 31, 2023   Quoted Prices in Active Markets for Identical Assets
(Level 1)
  Significant Other Observable Inputs
(Level 2)
  Significant Nonobservable Inputs (Level 3)
Marketable securities:                                
Corporate Bonds   $ 1,939,636     $     $ 1,939,636     $  
Certificates of Deposits     494,915             494,915        
Total marketable securities   $ 2,434,551     $     $ 2,434,551     $  

 

        Fair Value Measurements Using    
    Balance as of December 31, 2022   Quoted Prices in Active Markets for Identical Assets
(Level 1)
  Significant Other Observable Inputs
(Level 2)
  Significant Nonobservable Inputs (Level 3)
Marketable securities:                                
Corporate Bonds   $ 2,436,333     $     $ 2,436,333     $  
Certificates of Deposits     491,185             491,185        
Total marketable securities   $ 2,927,518     $     $ 2,927,518     $  

  

The Company’s investments in US government bonds are measured based on publicly available quoted market prices for identical securities as of March 31, 2023 and December 31, 2022. 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.