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Investments | 12 Months Ended
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Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract] |
Investments | Investments The fair value and amortized cost of investments in short-term marketable debt securities by major security type as of December 31, 2023 and December 31, 2022 are as follows:
|  | December 31, 2023
|  | Amortized cost |  | Gross unrealized gains |  | Gross unrealized losses |  | Fair value
Eurocommercial Papers |  | $ | 107,624,341 |  |  | $ | 1,984,574 |  |  | $ | — |  |  | $ | 109,608,915 |
Certificates of Deposit |  | 78,890,447 |  |  | 736,280 |  |  | — |  |  | 79,626,727 |
Total |  | $ | 186,514,788 |  |  | $ | 2,720,854 |  |  | $ | — |  |  | $ | 189,235,642 |
Of which classified within cash and cash equivalents |  | 128,197,581 |  |  | 1,199,161 |  |  | — |  |  | 129,396,742 |
Of which classified within short-term marketable debt securities |  | 58,317,207 |  |  | 1,521,693 |  |  | — |  |  | 59,838,900 |
|  | December 31, 2022
|  | Amortized cost |  | Gross unrealized gains |  | Gross unrealized losses |  | Fair value
Eurocommercial Papers |  | $ | 42,265,129 |  |  | $ | 287,479 |  |  | $ | — |  |  | $ | 42,552,608 |
Certificates of Deposit |  | 9,834,625 |  |  | 103,274 |  |  | — |  |  | 9,937,899 |
Total |  | $ | 52,099,754 |  |  | $ | 390,753 |  |  | $ | — |  |  | $ | 52,490,507 |
Of which classified within cash and cash equivalents |  | 19,775,171 |  |  | 106,228 |  |  | — |  |  | 19,881,399 |
Of which classified within short-term marketable debt securities |  | 32,324,583 |  |  | 284,525 |  |  | — |  |  | 32,609,108 |
The following table presents the changes in fair values of the Company’s short-term marketable debt securities, classified as Level 2 financial assets, and recognized in accumulated other comprehensive income:
Beginning balance, January 1, 2023 | $ | 390,753 |
Other comprehensive income before reclassifications | 8,751,307 |
Amounts reclassified from accumulated other comprehensive income | (6,421,206) |
Ending balance, December 31, 2023 | $ | 2,720,854 |
As of December 31, 2023, the Company’s marketable debt securities maturities are all due within one year.

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