Quarterly report pursuant to Section 13 or 15(d)

Marketable securities

v3.22.2.2
Marketable securities
 9 Months Ended
Sep. 30, 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 September 30, 2022 and December 31, 2021 are as follows:

  

                       
        Fair Value Measurements Using
    Balance as of September 30, 2022   Quoted Prices in Active Markets for Identical Assets (Level 1)   Significant Other Observable Inputs (Level 2)
Marketable securities:                        
Corporate bonds   $ 2,418,689     $ —     $ 2,418,689  
Certificates of Deposits     492,247       —       492,247  
Total marketable securities   $ 2,910,936     $ —     $ 2,910,936  

 

        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)
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 US government bonds are measured based on publicly available quoted market prices for identical securities as of September 30, 2022 and December 31, 2021. 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.