XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.24.3

Investments | 9 Months Ended
--- | ---
Sep. 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 September 30, 2024 are as follows:
|  | Amortized cost |  | Gross unrealized gains |  | Gross unrealized losses |  | Fair value
Eurocommercial Papers |  | $ | 87,231,307 |  |  | $ | 1,840,793 |  |  | $ | — |  |  | $ | 89,072,100 |
Certificates of Deposit |  | 87,602,179 |  |  | 1,388,921 |  |  | — |  |  | 88,991,100 |
Total |  | $ | 174,833,486 |  | $ | 3,229,714 |  | $ | — |  | $ | 178,063,200
Of which classified within cash and cash equivalents |  | 59,212,123 |  |  | 582,677 |  |  | — |  |  | 59,794,800 |
Of which classified within short-term marketable debt securities |  | 115,621,363 |  |  | 2,647,037 |  |  | — |  |  | 118,268,400 |
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 | 13,000,645 |
Amounts reclassified from accumulated other comprehensive income | (12,491,785) |
Ending balance, September 30, 2024 | $ | 3,229,714
As of September 30, 2024, the Company’s marketable debt securities maturities are all due within one year.

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://www.xbrl.org/2009/role/commonPracticeRef -Topic 940 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/940-320/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph b -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-10 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/942-320/tableOfContent + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration