Marketable Securities

3 Months Ended

Mar. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

3. Marketable Securities

As of March 31, 2024, the company had no marketable securities. The Company’s investments in debt securities are carried at either amortized cost or fair value. Investments in debt securities that the Company has the positive intent and ability to hold to maturity are carried at amortized cost and classified as held-to-maturity. Investments in debt securities that are not classified as held-to-maturity are carried at fair value and classified as either trading or available-for-sale. Realized and unrealized gains and losses on trading debt securities as well as realized gains and losses on available-for-sale debt securities are included in net income.

	As of December 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Marketable Securities
Corporate Bonds	$	2,930,842.00	$	50,878	$	—	$	2,981,720
Total marketable securities	$	2,930,842.00	$	50,878	$	—	$	2,981,720

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 are as follows:

			Fair Value Based On
	Balance as of December 31, 2023		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Non- observable Inputs (Level 3)
Marketable Securities:
Corporate Bonds		2,981,720		—	$	2,981,720		—
Total Marketable Securities	$	2,981,720	$	—	$	2,981,720	$	—

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