Quarterly report pursuant to Section 13 or 15(d)

Marketable securities

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Marketable securities
 6 Months Ended
Jun. 30, 2024
Marketable Securities  
Marketable securities

2. Marketable securities

 

                 
    As of June 30, 2024
    Amortized Cost   Gross Unrealized Gains   Gross Unrealized Losses   Fair Value
                 
Marketable Securities                                
Corporate Bonds   $ 1,002,050     $ 12,697     $ (19,539 )   $ 995,208  
Total Marketable Securities   $ 1,002,050     $ 12,697     $ (19,539 )   $ 995,208  

 

    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  

  

Assets and liabilities measured at fair value on a recurring basis based on Level 1 and Level 2 fair value measurement criteria as of June 30, 2024 and December 31, 2023 are as follows:

 

                               
    Fair Value Measurements Using
    Balance as of
June 30, 2024		   Quoted Prices in
Active Markets for
Identical Assets
(Level 1)		   Significant Other
Observable Inputs
(Level 2)		   Significant
Nonobservable
(Level 3)
Marketable securities:                                
                                 
Corporate Bonds   $ 995,208     $ —     $ 995,208     $ —  
                                 
Total marketable securities   $ 995,208     $ —     $ 995,208     $ —  

 

    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.