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.