Fair Value Measurements

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Fair Value Measurements

3. Fair Value Measurements

Assets and liabilities measured at fair value on a recurring basis based on Level 1 and Level 2 fair value measurement criteria as of December 31, 2023 and 2022 are as follows:

			Fair Value Measurements Using
	Balance as of December 31, 2023		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Nonobservable Inputs (Level 3)
Marketable securities:
Corporate Bonds	$	4,462,942	$	—	$	4,462,942	$	—
Total marketable securities	$	4,462,942	$	—	$	4,462,942	$	—

			Fair Value Measurements Using
	Balance as of December 31, 2022		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Nonobservable Inputs (Level 3)
Marketable securities:
Corporate Bonds	$	2,436,333	$	—	$	2,436,333	$	—
Certificates of Deposits		491,185		491,185		—		—
Total marketable securities	$	2,927,518	$	—	$	2,436,333	$	—

The Company’s investments in corporate bonds are measured based on quotes from market makers for similar items in active markets.