|
1. 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, 2023 and December 31, 2022
are as follows:
| Schedule of fair value marketable securities |
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| |
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|
Fair Value Measurements Using |
|
|
| |
|
Balance as of
September 30, 2023 |
|
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 |
|
$ |
11,352,723 |
|
|
$ |
— |
|
|
$ |
11,352,723 |
|
|
$ |
— |
|
| Certificates of Deposits |
|
|
252,275 |
|
|
|
— |
|
|
|
252,275 |
|
|
|
— |
|
| Total marketable securities |
|
$ |
11,604,998 |
|
|
$ |
— |
|
|
$ |
11,604,998 |
|
|
$ |
— |
|
| |
|
|
|
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
Non-observable 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 |
|
|
$ |
— |
|
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.
|