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Short Term Investments
 6 Months Ended
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Short Term Investments

4. Short Term Investments

Short term investments are highly liquid investments with original maturities between three and twelve months. The Company’s short term investments consist of US Treasury Bills. These investments are classified as available-for-sale. Available-for-sale short term investments are reported at fair value in the Consolidated Balance Sheets. Unrealized gains and losses are excluded from earnings and are reported in accumulated other comprehensive income in the Consolidated Statements of Operations and Comprehensive Income.

The following table summarizes the available-for-sale short term investments as of June 30, 2024 and December 31, 2023.

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​

​

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June 30, 2024

    

December 31, 2023

​

​

Amortized

​

Unrealized

​

Fair

​

Amortized

​

Unrealized

​

Fair 

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Cost

    

Losses

    

Value

    

Cost

    

Gains

    

Value 

U.S. Treasury Bills

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$

—

​

$

—

​

$

—

​

$

18,773,508

​

$

1,598

​

$

18,775,106

​

During the six months ended June 30, 2024, the Company sold securities with a carrying amount of $14,989,595 for total proceeds of $15,336,930. The realized gains on these sales were $347,335. An additional $7,780,000 of securities reached maturity with total realized gains of $234,248. The realized gains are included in other income in the consolidated Statements of Operations and Comprehensive Income. During the three months ended June 30, 2024, the Company sold securities with a carrying amount of $7,986,472 for total proceeds of $8,177,645. The realized gains on these sales were $191,173. An additional $4,145,000 of securities reached maturity with total realized gains of $99,215. The realized gains are included in other income in the consolidated Statements of Operations and Comprehensive Income.