Annual report pursuant to Section 13 and 15(d)

Marketable securities

v3.23.1
Marketable securities
12 Months Ended
Dec. 31, 2022
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, 2022 and 2021 are as follows:

  

                               
        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     $ —  

 

        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)
  Significant Nonobservable Inputs (Level 3)
Marketable securities:                                
Corporate Bonds   $ 5,549,670     $ —     $ 5,549,670     $ —  
Certificates of Deposits     514,427       —       514,427       —  
Total marketable securities   $ 6,064,097     $ —     $ 6,064,097     $ —  

   

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.