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Investments | 6 Months Ended
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Jun. 30, 2024
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 June 30, 2024 are as follows:
|  | Amortized cost |  | Gross unrealized gains |  | Gross unrealized losses |  | Fair value
Eurocommercial Papers |  | $ | 174,969,520 |  |  | $ | 2,918,180 |  |  | $ | — |  |  | $ | 177,887,700 |
Certificates of Deposit |  | 58,420,956 |  |  | 637,044 |  |  | — |  |  | 59,058,000 |
Total |  | $ | 233,390,476 |  | $ | 3,555,224 |  | $ | — |  | $ | 236,945,700
Of which classified within cash and cash equivalents |  | 59,235,548 |  |  | 701,752 |  |  | — |  |  | 59,937,300 |
Of which classified within short-term marketable debt securities |  | 174,154,928 |  |  | 2,853,472 |  |  | — |  |  | 177,008,400 |
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, 2024 | $ | 2,720,854 |
Other comprehensive income before reclassifications | 8,507,252 |
Amounts reclassified from accumulated other comprehensive income | (7,672,882) |
Ending balance, June 30, 2024 | $ | 3,555,224
As of June 30, 2024, the Company’s marketable debt securities maturities are all due within one year.

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