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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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| |
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Fair Value Measurements Using |
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| |
|
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: |
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| Corporate Bonds |
|
$ |
2,436,333 |
|
|
$ |
|
|
|
$ |
2,436,333 |
|
|
$ |
|
|
| Certificates of Deposits |
|
|
491,185 |
|
|
|
|
|
|
|
491,185 |
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|
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| Total marketable securities |
|
$ |
2,927,518 |
|
|
$ |
|
|
|
$ |
2,927,518 |
|
|
$ |
|
|
| |
|
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|
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: |
|
|
|
|
|
|
|
|
|
|
|
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| Corporate Bonds |
|
$ |
5,549,670 |
|
|
$ |
|
|
|
$ |
5,549,670 |
|
|
$ |
|
|
| Certificates of Deposits |
|
|
514,427 |
|
|
|
|
|
|
|
514,427 |
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|
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| Total marketable securities |
|
$ |
6,064,097 |
|
|
$ |
|
|
|
$ |
6,064,097 |
|
|
$ |
|
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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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