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Short-Term Investments (Tables)
 12 Months Ended
Dec. 31, 2024
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 December 31, 2024, were as follows:

 

Description

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses (Gains)

 

 

Accrued
Interest

 

 

Estimated
Fair Value

 

Level 1: (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash alternatives

 

$

814,717

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

814,717

 

Certificates of deposit

 

 

2,349,000

 

 

 

-

 

 

 

(4,572

)

 

 

48,776

 

 

 

2,402,348

 

 

$

3,163,717

 

 

$

-

 

 

$

(4,572

)

 

$

48,776

 

 

$

3,217,065

 

 

 

The Company’s short-term investments by significant investment category as of December 31, 2023, were as follows:

 

Description

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Accrued
Interest

 

 

Estimated
Fair Value

 

Level 1: (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash alternatives

 

$

76,709

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

76,709

 

Certificates of deposit

 

 

7,585,000

 

 

 

5,793

 

 

 

-

 

 

 

104,318

 

 

 

7,695,111

 

 

$

7,661,709

 

 

$

5,793

 

 

$

-

 

 

$

104,318

 

 

$

7,771,820

 

 

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