Cash and Cash Equivalents (Tables)

12 Months Ended

Dec. 31, 2023

Cash and Cash Equivalents [Abstract]

Schedule of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash and cash equivalents reported within the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statement of cash flows:

	December 31, 2023		December 31, 2022
Money market accounts – cash equivalents	$	38,556,005	$	33,689,361
Time deposit accounts - cash equivalents (1)	10,206,500		46,000,000
Cash (2)	50,275,361		48,695,245
Total cash and cash equivalents	$	99,037,866	$	128,384,606

(1) It consists of cash deposits at various major banks with interest rates ranging from 5.48% to 5.69%.

(2) It consists of cash deposits at various major banks.