Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Investments

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Note 3 - Investments
3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Investment [Text Block]

Note 3 - Investments

 

As of March 31, 2024, the Company had two money market accounts and available-for-sale investments with contractual maturities of three months or less categorized as cash and cash equivalents and available-for-sale investments with contractual maturities of three months to one year categorized as investments invested as follows:

 

As of March 31, 2024

 

Cost Basis

   

Unrealized Gains

   

Aggregate Fair Value

 
                         

U.S. Treasury Bills

  $ 5,443,310     $ 28,435     $ 5,471,745  

Money Market Accounts

    2,746,797             2,746,797  

Total

  $ 8,190,107     $ 28,435     $ 8,218,542  

 

As of March 31, 2024, there were no available-for-sale securities in an unrealized-loss position. U.S. Treasury Bills classified as investments on the condensed consolidated balance sheet as of  March 31, 2024 were approximately $986,000.

 

As of  December 31, 2023 the Company had two money market accounts and available-for-sale investments with contractual maturities of three months or less categorized as cash and cash equivalents as follows:

 

As of December 31, 2023

 

Cost Basis

   

Unrealized Gains

   

Aggregate Fair Value

 
                         

U.S. Treasury Bills

  $ 2,971,103     $ 9,237     $ 2,980,340  

Money Market Accounts

    3,564,570             3,564,570  

Total

  $ 6,535,673     $ 9,237     $ 6,544,910  

 

As of December 31, 2023, there were no available-for-sale securities in an unrealized-loss position. There were no U.S. Treasury Bills classified as investments on the condensed consolidated balance sheet as of  December 31, 2023.

 

See Note 2 for additional discussion regarding the Company’s fair value measurements.