XML 21 R11.htm IDEA: XBRL DOCUMENT

Marketable Securities

3 Months Ended

Mar. 31, 2024

4. Marketable Securities

As of March 31, 2024, the Company reports $2.0 million of marketable securities within current assets, related to United States Treasury Securities (“USTS”). The USTS in the portfolio will reach their final maturity in April 2024. The Company classifies the USTS, which are accounted for as available-for-sale, within the Level 1 fair value hierarchy as the fair value is based on quoted market prices in active markets with a high level of daily trading volume.

The following table summarizes the Company’s investment in available-for-sale marketable securities with the detail of the unrealized gains /losses and the estimated fair value as of March 31, 2024:


	March 31, 2024
					Gross		Gross
			Allowance for		Unrealized		Unrealized		Estimated Fair
	Amortized Cost		Credit Losses		Gains		Losses		Value
Marketable securities available for sale
Debt Securities - U.S. government treasury securities, current		2,020,060		—		—		(646)		2,019,414
Totals	$	2,020,060	$	—	$	—	$	(646)	$	2,019,414

As of March 31, 2024, the Company did not intend to sell any of the debt securities included in the table above, and it is not more likely than not that the Company will be required to sell any of these securities before recovery of the unrealized losses, which will be at maturity.