Annual report [Section 13 and 15(d), not S-K Item 405]

Marketable Securities

v3.25.1
Marketable Securities
 12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities

5. Marketable Securities

Marketable securities consisted of the following:

December 31, 2024

 

Amortized Cost

 

 

Unrealized Gain

 

 

Unrealized Loss

 

 

Fair Value

 

Marketable securities, available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury obligations

 

$

41,090,197

 

 

$

—

 

 

$

(37,248

)

 

$

41,052,949

 

Total

 

$

41,090,197

 

 

$

—

 

 

$

(37,248

)

 

$

41,052,949

 

 

 

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 December 31, 2024, the Company held seven U.S. Treasury debt securities that were in an unrealized loss position totaling $37,248. 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 years ended December 31, 2024 and 2023, respectively.

The Company received proceeds of $23.5 million from maturities of marketable securities for the year ended December 31, 2024. The Company received proceeds of $41.1 million from maturities of marketable securities for the year ended December 31, 2023.