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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis | The following table presents information about the Company’s assets measured at fair value at March 31, 2024 and December 31, 2023:
|  | March 31, 2024 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds (a) |  | $ | 34,931,309 |  |  | $ | — |  |  | $ | — |  |  | $ | 34,931,309 |
U.S. government agency securities (b) |  |  | 30,545,450 |  |  |  | — |  |  |  | — |  |  |  | 30,545,450 |
Reverse repurchase agreements (c) |  |  | — |  |  |  | 50,000,000 |  |  |  | — |  |  |  | 50,000,000 |
Total assets at fair value |  | $ | 65,476,759 |  |  | $ | 50,000,000 |  |  | $ | — |  |  | $ | 115,476,759 |
|  | December 31, 2023 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds (a) |  | $ | 14,312,565 |  |  | $ | — |  |  | $ | — |  |  | $ | 14,312,565 |
Total assets at fair value |  | $ | 14,312,565 |  |  | $ | — |  |  | $ | — |  |  | $ | 14,312,565 |
a) Money market funds included in cash and cash equivalents in the consolidated balance sheets, are valued at quoted market prices in active markets. b) U.S. government agency securities are valued based on observable market prices in active markets. c) Reverse repurchase agreements are recorded at fair market value, which are determined based on the most recent observable inputs for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active or are directly or indirectly observable.

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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