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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Summary of Financial Assets Measured at Fair Value on Recurring Basis

The following table summarizes the Company’s fair value hierarchy for its financial assets measured at fair value on a recurring basis as of December 31, 2023 and December 31, 2022, respectively.

 

Fair Value Measurements Using

 

As of December 31, 2023

Fair Value

 

Level 1

 

Level 2

 

Level 3

 

Money market

$

5,448,990

 

$

5,448,990

 

$

 

$

 

 

Fair Value Measurements Using

 

As of December 31, 2022

Fair Value

 

Level 1

 

Level 2

 

Level 3

 

Money market

$

17,573,584

 

$

17,573,584

 

$

 

$