| Summery of Fair Value Assets Measured On Recurring Basis |
The following table summarizes cash equivalents and marketable securities measured at their fair value on a recurring basis as of June 30, 2024:
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Fair Value Measurements as of June 30, 2024 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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$ |
1,012,040 |
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$ |
— |
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$ |
— |
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$ |
1,012,040 |
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Total |
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$ |
1,012,040 |
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$ |
— |
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$ |
— |
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$ |
1,012,040 |
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Marketable securities, available-for-sale: |
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U.S. Treasury obligations |
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$ |
4,853,559 |
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$ |
— |
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$ |
— |
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$ |
4,853,559 |
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Total |
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$ |
4,853,559 |
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$ |
— |
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$ |
— |
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$ |
4,853,559 |
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Fair Value Measurements as of December 31, 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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$ |
8,039,024 |
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$ |
— |
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$ |
— |
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$ |
8,039,024 |
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Total |
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$ |
8,039,024 |
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$ |
— |
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$ |
— |
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$ |
8,039,024 |
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Marketable securities, available-for-sale: |
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U.S. Treasury obligations |
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$ |
4,086,873 |
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$ |
— |
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$ |
— |
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$ |
4,086,873 |
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Total |
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$ |
4,086,873 |
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$ |
— |
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$ |
— |
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$ |
4,086,873 |
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