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Cash, Cash Equivalents, and Restricted Cash (Tables)
9 Months Ended
Sep. 30, 2023
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]  
Summary of Reconciliation of Cash and Cash Equivalents
The following table presents the Company’s cash, cash equivalents and restricted cash as of September 30, 2023 and December 31, 2022:
September 30, 2023December 31, 2022Recurring Fair
Value Measurement
Cash and cash equivalents:
Cash$874,470 $2,940,733 
Money market funds8,125,740 23,722,328 Level 1
Fixed income debt securities— 7,979,279 Level 2
Total cash and cash equivalents9,000,210 34,642,340 
Restricted cash55,000 55,000 
Total cash, cash equivalents, and restricted cash$9,055,210 $34,697,340 
Summary of Reconciliation of Restrictions on Cash and Cash Equivalents
The following table presents the Company’s cash, cash equivalents and restricted cash as of September 30, 2023 and December 31, 2022:
September 30, 2023December 31, 2022Recurring Fair
Value Measurement
Cash and cash equivalents:
Cash$874,470 $2,940,733 
Money market funds8,125,740 23,722,328 Level 1
Fixed income debt securities— 7,979,279 Level 2
Total cash and cash equivalents9,000,210 34,642,340 
Restricted cash55,000 55,000 
Total cash, cash equivalents, and restricted cash$9,055,210 $34,697,340