Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities

v3.24.2.u1
Marketable Securities
 6 Months Ended
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities
5.
Marketable Securities

 

Marketable securities consisted of the following as of:

 

June 30, 2024

 

Amortized Cost

 

 

Unrealized Gain

 

 

Unrealized Loss

 

 

Fair Value

 

Marketable securities, available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury obligations

 

$

4,854,583

 

 

$

—

 

 

$

(1,024

)

 

$

4,853,559

 

Total

 

$

4,854,583

 

 

$

—

 

 

$

(1,024

)

 

$

4,853,559

 

 

December 31, 2023

 

Amortized Cost

 

 

Unrealized Gain

 

 

Unrealized Loss

 

 

Fair Value

 

Marketable securities, available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury obligations

 

$

4,085,996

 

 

$

877

 

 

$

—

 

 

$

4,086,873

 

Total

 

$

4,085,996

 

 

$

877

 

 

$

—

 

 

$

4,086,873

 

 

As of June 30, 2024, the Company held 18 U.S. Treasury debt securities that were in an unrealized loss position totaling $1,024. As of December 31, 2023, the Company held three U.S. Treasury debt securities that were in an unrealized gain position totaling $877. All U.S. Treasury obligations were due to mature in less than one year for the period and year ended June 30, 2024 and December 31, 2023, respectively.

 

The Company received proceeds of $8.4 million from maturities of marketable securities for the six months ended June 30, 2024. The Company received proceeds of $41.1 million from maturities of marketable securities for the year ended December 31, 2023. The Company did not realize any gains or losses from maturities of marketable securities for the period ended June 30, 2024 or the year ended December 31, 2023.