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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.

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​

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Marketable securities as of March 31, 2022 consisted of the following:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

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.

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- 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)

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