Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities

v3.23.2
Marketable Securities
6 Months Ended
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities
5.
Marketable Securities

 

Marketable securities consisted of the following as of June 30, 2023:

June 30, 2023

 

Amortized Cost

 

 

Unrealized Gain

 

 

Unrealized Loss

 

 

Fair Value

 

Marketable securities, available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury obligations

 

$

19,031,622

 

 

$

 

 

$

(1,714

)

 

$

19,029,908

 

Total

 

$

19,031,622

 

 

$

 

 

$

(1,714

)

 

$

19,029,908

 

 

December 31, 2022

 

Amortized Cost

 

 

Unrealized Gain

 

 

Unrealized Loss

 

 

Fair Value

 

Marketable securities, available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury obligations

 

$

15,756,902

 

 

$

104,718

 

 

$

 

 

$

15,861,620

 

Total

 

$

15,756,902

 

 

$

104,718

 

 

$

 

 

$

15,861,620

 

As of June 30, 2023, the Company held five U.S. Treasury debt securities that were in an unrealized loss position totaling $1,714. As of December 31, 2022, the Company held three U.S. Treasury debt securities that were in an unrealized gain position totaling $104,718.

The Company received proceeds of $15.4 million from maturities of marketable securities for the period ended June 30, 2023. The Company received proceeds of $4.96 million from maturities of marketable securities for the year ended December 31, 2022. The Company did not realize any gains or losses from maturities of marketable securities for the period ended June 30, 2023 or the year ended December 31, 2022.