| Schedule of fair value of financial instrument |
The following table summarizes cash equivalents and marketable securities measured at their fair value on a recurring basis as of June 30, 2023:
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Fair Value Measurements as of June 30, 2023 Using: |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Cash equivalents: |
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Money market funds |
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$ |
1,075,859 |
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$ |
— |
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$ |
— |
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$ |
1,075,859 |
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Total |
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$ |
1,075,859 |
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$ |
— |
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$ |
— |
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$ |
1,075,859 |
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Marketable securities, available-for-sale: |
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U.S. treasury obligations |
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$ |
19,029,908 |
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$ |
— |
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$ |
— |
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$ |
19,029,908 |
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Total |
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$ |
19,029,908 |
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$ |
— |
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$ |
— |
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$ |
19,029,908 |
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Fair Value Measurements as of December 31, 2022 Using: |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Cash equivalents: |
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Money market funds |
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$ |
5,304,405 |
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$ |
— |
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$ |
— |
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$ |
5,304,405 |
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Total |
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$ |
5,304,405 |
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$ |
— |
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$ |
— |
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$ |
5,304,405 |
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Marketable securities, available-for-sale: |
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U.S. treasury obligations |
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$ |
15,861,620 |
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$ |
— |
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$ |
— |
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$ |
15,861,620 |
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Total |
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$ |
15,861,620 |
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$ |
— |
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$ |
— |
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$ |
15,861,620 |
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