v3.26.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Cash Equivalents and Marketable Securities
The following table summarizes our cash equivalents measured at fair value on a recurring basis as of March 31, 2026:
Level 1Level 2Level 3Total
Assets:
Cash equivalents
Money market$34,631,173 $— $— $34,631,173 
U.S. Treasuries12,433,380 — — 12,433,380 
Total cash equivalents$47,064,553 $— $— $47,064,553 
Marketable securities:
U.S. Treasuries$100,963,921 $— $— $100,963,921 
Government securities— 13,479,810 — 13,479,810 
Debt securities— 10,043,031 — 10,043,031 
Commercial paper— 26,836,040 — 26,836,040 
Total marketable securities100,963,921 50,358,881 — 151,322,802 
Total cash equivalents and marketable securities$148,028,474 $50,358,881 $— $198,387,355 
The following table summarizes our cash equivalents measured at fair value on a recurring basis as of December 31, 2025:
Level 1Level 2Level 3Total
Assets:
Cash equivalents
Money market$105,330,208 $— $— $105,330,208 
U.S. Treasuries1,992,340 — — 1,992,340 
Government securities— 9,222,990 — 9,222,990 
Commercial paper— 11,827,667 — 11,827,667 
Total cash equivalents$107,322,548 $21,050,657 $— $128,373,205 
Marketable securities:
U.S. Treasuries$44,276,965 $— $— $44,276,965 
Government securities— 11,945,540 — 11,945,540 
Debt securities— 10,038,420 — 10,038,420 
Commercial paper— 22,108,505 — 22,108,505 
Total marketable securities44,276,965 44,092,465 — 88,369,430 
Total cash equivalents and marketable securities$151,599,513 $65,143,122 $— $216,742,635