Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Investments and Assets at Fair Value

The following table summarizes our cash equivalents and marketable securities measured at fair value. Certain marketable

securities consist of investments in debt and equity securities. We classify our cash equivalents and marketable securities within Level 1 because we use observable inputs that reflect quoted market prices for identical assets in active markets to determine their fair value. We have classified debt securities as available for sale securities with unrealized gains and losses recorded as other comprehensive income. We have classified equity securities as trading and are marked to market with changes recorded as other income on the income statement. Any interest income or dividends are recorded within financing expense, net on the income statement.


	Investment Assets at Fair Value				Investment Assets at Fair Value
	As of September 30, 2023				As of December 31, 2022
	Level 1		Total		Level 1		Total

Debt securities	$	—	$	—	$	936,563	$	936,563
Equity securities	—		—		1,253,027		1,253,027
Cash equivalents	68,474		68,474		801		801
Total Investments at Fair Value	$	68,474	$	68,474	$	2,190,391	$	2,190,391

The cost, gross unrealized gains (losses) and fair value of marketable securities by major security type were as follows:


	As of December 31, 2022
		Cost		Unrealized Gain (Loss)		Fair Value
Marketable securities
Debt securities		$	1,021,431	$	(84,868)	$	936,563
Equity securities		1,776,773		(523,746)		1,253,027
Total marketable securities						$	2,189,590