Marketable
securities as of June 30, 2026 consisted of the following:
Schedule
of Marketable
Securities
| | |
June 30, 2026 | |
| | |
Adjusted Cost | | |
Unrealized Gains | | |
Unrealized Losses | | |
Fair Value | |
| Level 1 (1) | |
| | |
| | |
| | |
| |
| Money market funds | |
$ | 1,530,407 | | |
$ | – | | |
$ | – | | |
$ | 1,530,407 | (2) |
| U.S. Treasury bills | |
| 9,183,171 | | |
| 24,601 | | |
| – | | |
| 9,207,772 | (2) |
| Total | |
$ | 10,713,578 | | |
$ | 24,601 | | |
$ | – | | |
$ | 10,738,179 | |
| (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 $1,530,407 and U.S. Treasury bills with a fair value of $5,147,665 (original maturities
of less than three months) are included in cash and cash equivalents. The remaining U.S. Treasury bills with a fair value of $4,060,107
(original maturities greater than three months) are classified as marketable securities. |
|