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, 2022 and 2021 are as follows:
Schedule of fair value marketable securities |
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Fair Value Measurements Using |
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Balance as of December 31, 2022 |
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Quoted Prices in Active Markets for Identical Assets
(Level 1) |
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Significant Other Observable Inputs
(Level 2) |
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Significant Nonobservable Inputs (Level 3) |
Marketable securities: |
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Corporate Bonds |
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$ |
2,436,333 |
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$ |
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$ |
2,436,333 |
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$ |
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Certificates of Deposits |
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491,185 |
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491,185 |
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Total marketable securities |
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$ |
2,927,518 |
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$ |
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$ |
2,927,518 |
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$ |
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Fair Value Measurements Using |
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Balance as of December 31, 2021 |
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Quoted Prices in Active Markets for Identical Assets
(Level 1) |
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Significant Other Observable Inputs
(Level 2) |
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Significant Nonobservable Inputs (Level 3) |
Marketable securities: |
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Corporate Bonds |
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$ |
5,549,670 |
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$ |
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$ |
5,549,670 |
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$ |
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Certificates of Deposits |
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514,427 |
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514,427 |
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Total marketable securities |
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$ |
6,064,097 |
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$ |
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$ |
6,064,097 |
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$ |
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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.
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