v3.25.1
Short-Term Investments (Tables)
 3 Months Ended
Mar. 31, 2025
Investments Debt And Equity Securities [Abstract]  
Summary of Short-Term Investments by Significant Investment Category

The Company’s short-term investments by significant investment category as of March 31, 2025, were as follows:

 

Description

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Accrued
Interest

 

 

Estimated
Fair Value

 

Level 1: (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash alternatives

 

$

268,288

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

268,288

 

Certificates of deposit

 

 

2,329,000

 

 

 

4,965

 

 

 

-

 

 

 

17,916

 

 

 

2,351,881

 

 

$

2,597,288

 

 

$

4,965

 

 

$

-

 

 

$

17,916

 

 

$

2,620,169

 

 

(1)
Level 1 fair value estimates are based on quoted prices in active markets for identical assets or liabilities.

 

The Company’s short-term investments by significant investment category as of December 31, 2024, were as follows:

 

Description

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Accrued
Interest

 

 

Estimated
Fair Value

 

Level 1: (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash alternatives

 

$

814,717

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

814,717

 

Certificates of deposit

 

 

2,349,000

 

 

 

4,572

 

 

 

-

 

 

 

48,776

 

 

 

2,402,348

 

 

$

3,163,717

 

 

$

4,572

 

 

$

-

 

 

$

48,776

 

 

$

3,217,065

 

 

(1)
Level 1 fair value estimates are based on quoted prices in active markets for identical assets or liabilities.