v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Cash Equivalents and Marketable Securities
The following table summarizes the Company's cash equivalents measured at fair value on a recurring basis as of June 30, 2026:
Level 1Level 2Level 3Total
Assets:
Cash equivalents
Money market$39,079,937 $— $— $39,079,937 
U.S. Treasuries1,990,240 — — 1,990,240 
Total cash equivalents$41,070,177 $— $— $41,070,177 
Marketable securities:
U.S. Treasuries$96,540,539 $— $— $96,540,539 
Government securities— 8,963,230 — 8,963,230 
Debt securities— 10,069,395 — 10,069,395 
Commercial paper— 25,775,952 — 25,775,952 
Total marketable securities96,540,539 44,808,577 — 141,349,116 
Total cash equivalents and marketable securities$137,610,716 $44,808,577 $— $182,419,293 
The following table summarizes the Company's 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