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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
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 June 30, 2025 and December 31, 2024:

 

 

 

June 30, 2025

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (a)

 

$

23,738,411

 

 

$

 

 

$

 

 

$

23,738,411

 

U.S. government agency securities (b)

 

 

40,678,370

 

 

 

 

 

 

 

 

 

40,678,370

 

Total assets at fair value

 

$

64,416,781

 

 

$

 

 

$

 

 

$

64,416,781

 

 

 

 

 

December 31, 2024

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (a)

 

$

30,793,079

 

 

$

 

 

$

 

 

$

30,793,079

 

U.S government agency securities (b)

 

 

46,624,180

 

 

 

 

 

 

 

 

 

46,624,180

 

Total assets at fair value

 

$

77,417,259

 

 

$

 

 

$

 

 

$

77,417,259

 

 

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.