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Short-Term Investments (Tables)

6 Months Ended

Jun. 30, 2023

Investments Debt And Equity Securities [Abstract]

Summary of Short-Term Investments by Significant Investment Category

The Company’s short-term investments by significant investment category as of June 30, 2023, were as follows:


Description		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Accrued Interest				Estimated Fair Value
Level 1: (1)
Cash alternatives		$	2,431,672			$	25,066			$	-			$	3,268			$	2,460,006
Certificates of deposit			6,806,683				-				(9,244	)			64,011				6,861,450
		$	9,238,355			$	25,066			$	(9,244	)		$	67,279			$	9,321,456

(1)

Level 1 fair value estimates are based on quoted prices in active markets for identical assets or liabilities.

The Company’s short-term investments by significant investment category as of December 31, 2022, were as follows:


Description		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Accrued Interest				Estimated Fair Value
Level 1: (1)
Cash alternatives		$	5,139,940			$	22,646			$	-			$	3,506			$	5,166,092
Certificates of deposit			4,950,527				-				(7,691	)			14,607				4,957,443
		$	10,090,467			$	22,646			$	(7,691	)		$	18,113			$	10,123,535

(1)

Level 1 fair value estimates are based on quoted prices in active markets for identical assets or liabilities.