Short-Term Investments (Tables)

3 Months Ended

Mar. 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 March 31, 2024, were as follows:

Description	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Accrued Interest		Estimated Fair Value
Level 1: (1)
Cash alternatives	$	1,101,930	$	-	$	-	$	-	$	1,101,930
Certificates of deposit		4,750,000		585		-		102,733		4,853,318
	$	5,851,930	$	585	$	-	$	102,733	$	5,955,248

(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, 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.