XML 19 R9.htm IDEA: XBRL DOCUMENT
v3.22.1

Marketable Securities | 3 Months Ended
--- | ---
Mar. 31, 2022
Marketable Securities |
Marketable Securities | Note 3 – Marketable Securities Our marketable securities are classified as available-for-sale pursuant to ASC 320, Investments – Debt and Equity Securities and are recorded at fair value. Unrealized gains/(losses) are included as a component of accumulated other comprehensive loss in the condensed consolidated balance sheets and statements of convertible preferred stock and stockholders’ equity and a component of total comprehensive loss in the condensed consolidated statements of comprehensive loss, until realized. The Company assesses its available-for-sale marketable securities for impairment on a quarterly basis. There were no impairments of the Company’s available-for-sale marketable securities measured and carried at fair value during the three months ended March 31, 2022 or 2021. Realized gains and losses are included in other expense on a specific-identification basis. There were no realized gains or losses on marketable securities for the three months ended March 31, 2022 or 2021. ​ ​ ​ ​ ​ ​ ​ ​ Marketable securities as of March 31, 2022 consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2022
​ |  | Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Treasuries | ​ | $ | 27,558,207 | ​ | $ | - | ​ | $ | (86,602) | ​ | $ | 27,471,605
Government securities | ​ | ​ | 19,191,856 | ​ | ​ | - | ​ | ​ | (43,968) | ​ | ​ | 19,147,888
Commercial paper | ​ | ​ | 15,983,285 | ​ | ​ | - | ​ | ​ | (36,825) | ​ | ​ | 15,946,460
Total marketable securities | ​ | $ | 62,733,348 | ​ | $ | - | ​ | $ | (167,395) | ​ | $ | 62,565,953
​ Marketable securities as of December 31, 2021 consisted of the following:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021
​ |  | Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Treasuries | ​ | $ | 42,147,385 | ​ | $ | - | ​ | $ | (28,575) | ​ | $ | 42,118,810
Government securities | ​ | ​ | 19,218,057 | ​ | ​ | - | ​ | ​ | (13,689) | ​ | ​ | 19,204,368
Commercial paper | ​ | ​ | 12,992,165 | ​ | ​ | 57 | ​ | ​ | (4,197) | ​ | ​ | 12,988,025
Total Current | ​ | ​ | 74,357,607 | ​ | ​ | 57 | ​ | ​ | (46,461) | ​ | ​ | 74,311,203
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-current: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Treasuries | ​ | ​ | 999,186 | ​ | ​ | - | ​ | ​ | (2,626) | ​ | ​ | 996,560
Government securities | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Total Non-current | ​ | ​ | 999,186 | ​ | ​ | - | ​ | ​ | (2,626) | ​ | ​ | 996,560
Total marketable securities | ​ | $ | 75,356,793 | ​ | $ | 57 | ​ | $ | (49,087) | ​ | $ | 75,307,763
​

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration