XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.23.3

CASH AND CASH EQUIVALENTS, RESTRICTED CASH, AND MARKETABLE DEBT SECURITIES | 9 Months Ended
--- | ---
Sep. 30, 2023
Cash and Cash Equivalents [Abstract] |
CASH AND CASH EQUIVALENTS, RESTRICTED CASH, AND MARKETABLE DEBT SECURITIES | 3. CASH AND CASH EQUIVALENTS, RESTRICTED CASH, AND MARKETABLE DEBT SECURITIES The Company considers all highly liquid, short-term debt instruments with original maturities of three months or less to be cash equivalents. Restricted cash of approximately $0.5 million is included on the consolidated balance sheet as of September 30, 2023, and represents cash deposited by the Company into a separate account and designated as collateral for a standby letter of credit in the same amount in accordance with contractual agreements. Marketable debt securities consist primarily of commercial paper, medium-term corporate notes, and U.S. government and agency backed securities. The Company classifies these marketable debt securities as available-for-sale at fair value in “Marketable debt securities, at fair value.” The Company records the amortization of premium and accretion of discounts on marketable debt securities in the results of operations. The Company uses the specific identification method as a basis for determining cost and calculating realized gains and losses with respect to marketable debt securities. The gross gains and losses realized related to sales and maturities of marketable debt securities were not material during the three and nine months ended September 30, 2023 and September 24, 2022. Investments in available-for-sale marketable debt securities were as follows at September 30, 2023 and December 31, 2022: SCHEDULE OF AVAILABLE-FOR-SALE MARKETABLE DEBT SECURITIES
|  | Amortized Cost |  |  | Unrealized (Losses) Gains |  |  | Fair Value |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
U.S. government and agency backed securities |  | $ | 4,500,030 |  |  | $ | 2,500,006 |  |  | $ | (61,715 | ) |  | $ | (102,276 | ) |  | $ | 4,438,315 |  |  | $ | 2,397,730 |
Corporate debt and certificates of deposit |  |  | 7,250,174 |  |  |  | 2,000,012 |  |  |  | (78,004 | ) |  |  | (8,964 | ) |  |  | 7,172,170 |  |  |  | 1,991,048 |
Total |  | $ | 11,750,204 |  |  | $ | 4,500,018 |  |  | $ | (139,719 | ) |  | $ | (111,240 | ) |  | $ | 11,610,485 |  |  | $ | 4,388,778 |
The contractual maturity of the Company’s marketable debt securities was as follows at September 30, 2023: SCHEDULE OF MARKETABLE DEBT SECURITIES
|  | Less than One year |  |  | One to Five years |  |  | Total |
U.S. government and agency backed securities |  | $ | 2,468,075 |  |  | $ | 1,970,240 |  |  | $ | 4,438,315 |
Corporate debt and certificates of deposit |  |  | 3,724,927 |  |  |  | 3,447,243 |  |  |  | 7,172,170 |
Total |  | $ | 6,193,002 |  |  | $ | 5,417,483 |  |  | $ | 11,610,485 |

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

X
- Definition The entire disclosure of cash, cash equivalents, and debt and equity securities, including any unrealized or realized gain (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//320/tableOfContent + Details
Name: | us-gaap_CashCashEquivalentsAndMarketableSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration