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INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
SUMMARY OF MARKETABLE SECURITIES

The following table summarizes the Company’s investments as of December 31, 2023:

 

 

 

Amortized Cost

 

Gross
Unrealized
Gain

 

Gross
Unrealized
Losses

 

Fair Value

 

 

 

 

 

 

 

 

 

Debt Securities:

 

 

 

 

 

 

 

 

Corporate debt securities

 

$7,183,066

 

$679

 

$(1,420)

 

$7,182,325

Total

 

$7,183,066

 

$679

 

$(1,420)

 

$7,182,325

 

The following table summarizes the Company’s investments as of December 31, 2022:

 

 

 

Amortized Cost

 

Gross
Unrealized
Gain

 

Gross
Unrealized
Losses

 

Fair Value

 

 

 

 

 

 

 

 

 

Debt Securities:

 

 

 

 

 

 

 

 

Commercial paper

 

$12,173,980

 

$

 

$

 

$12,173,980

Corporate debt securities

 

30,146,060

 

 

(125,744)

 

30,020,316

Total

 

$42,320,040

 

$

 

$(125,744)

 

$42,194,296

 

SCHEDULE OF AVAILABLE FOR SALE DEBT SECURITIES BY CONTRACTUAL MATURITY

The following table summarizes the amortized cost and fair value of the Company’s available-for-sale marketable debt securities by contractual maturity as of December 31, 2023 (in thousands):

 

 

 

Amortized Cost

 

Fair Value

 

 

 

 

 

Maturing in one year or less

 

$7,183,066

 

$7,182,325

 

$7,183,066

 

$7,182,325

The following table summarizes the amortized cost and fair value of the Company’s available-for-sale marketable debt securities by contractual maturity as of December 31, 2022:

 

 

 

Amortized Cost

 

Fair Value

 

 

 

 

 

Maturing in one year or less

 

$42,320,040

 

$42,194,296

 

$42,320,040

 

$42,194,296