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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of debt securities by level within the fair value hierarchy
The following table presents the Company’s short-term marketable debt securities by level within the fair value hierarchy:
March 31, 2023December 31, 2022
Level 2TotalLevel 2Total
Eurocommercial Papers(1)
$27,782,510 $27,782,510 $42,552,608 $42,552,608 
Certificates of Deposit19,910,200 19,910,200 9,937,899 9,937,899 
Total$47,692,710 $47,692,710 $52,490,507 $52,490,507 
(1) For the three months ended March 31, 2023, Eurocommercial Papers in the amount of $14.9 million and Certificates of Deposit in the amount of $19.9 million are classified as cash and cash equivalents.