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Cash, Cash Equivalents and Marketable Securities (Tables) | 6 Months Ended
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Jun. 30, 2024
Cash and Cash Equivalents [Abstract] |
Schedule of Cash, and Cash Equivalents | At June 30, 2024, cash, cash equivalents, and marketable securities were comprised of:
|  | Carrying Amount |  |  | Unrecognized Gain |  |  | Unrecognized Loss |  |  | Estimated Fair Value |  |  | Cash and Cash Equivalents |  |  | Current Marketable Securities |
Cash |  | $ | 3,434,204 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,434,204 |  |  | $ | 3,434,204 |  |  | $ | — |
Money market funds |  |  | 27,595,519 |  |  |  | — |  |  |  | — |  |  |  | 27,595,519 |  |  |  | 27,595,519 |  |  |  | — |
Reverse repurchase agreements |  |  | 40,000,000 |  |  |  | — |  |  |  | — |  |  |  | 40,000,000 |  |  |  | 40,000,000 |  |  |  | — |
Total cash and cash equivalents |  | $ | 71,029,723 |  |  | $ | — |  |  | $ | — |  |  | $ | 71,029,723 |  |  | $ | 71,029,723 |  |  | $ | — |
U.S. government agency securities |  |  | 49,311,618 |  |  |  | 486 |  |  |  | (10,144 | ) |  |  | 49,301,960 |  |  |  | — |  |  |  | 49,301,960 |
Available for sale marketable securities (1) |  |  | 49,311,618 |  |  |  | 486 |  |  |  | (10,144 | ) |  |  | 49,301,960 |  |  |  | — |  |  |  | 49,301,960 |
Total cash, cash equivalents, and current marketable securities |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 71,029,723 |  |  | $ | 49,301,960 |
(1) Available for sale debt securities are reported at fair value with unrealized gains and losses reported net of taxes, if material, in other comprehensive income. At December 31, 2023, cash, and cash equivalents were comprised of:
|  | Carrying Amount |  |  | Estimated Fair Value |  |  | Cash and Cash Equivalents |  |
Cash |  | $ | 128,510,451 |  |  | $ | 128,510,451 |  |  | $ | 128,510,451 |  |
Money market funds |  |  | 14,312,565 |  |  |  | 14,312,565 |  |  |  | 14,312,565 |  |
Total cash and cash equivalents |  | $ | 142,823,016 |  |  | $ | 142,823,016 |  |  | $ | 142,823,016 |  |

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- Definition Tabular disclosure of the components of cash, cash equivalents, and investments. + References No definition available. + Details
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