Marketable securities as of March 31, 2026 consisted
of the following:
Schedule of Marketable Securities
| | |
Adjusted Cost | | |
Unrealized Gains | | |
Unrealized Losses | | |
Fair Value | |
| | |
March 31, 2026 | |
| | |
Adjusted Cost | | |
Unrealized Gains | | |
Unrealized Losses | | |
Fair Value | |
| Level 1 (1) | |
| | | |
| | | |
| | | |
| | |
| Money market funds (1) | |
$ | 3,644 | | |
$ | – | | |
$ | – | | |
$ | 3,644 | (2) |
| U.S. treasury bills (1) | |
| 10,603,329 | | |
| 37,964 | | |
| – | | |
| 10,641,293 | (2) |
| Total (1) | |
$ | 10,606,973 | | |
$ | 37,964 | | |
$ | – | | |
$ | 10,644,937 | |
| (1) |
Level 1 fair value estimates are based on quoted prices in active markets for identical assets or liabilities. |
| |
|
| (2) |
The money market funds
of $3,644 and $4,023,201 of U.S. treasury bills (with original maturities of less than three months) are included in cash and cash
equivalents. The remaining $6,618,092 of U.S. treasury bills (with original maturities greater than three months) is classified as
marketable securities. |
|