Annual report pursuant to Section 13 and 15(d)

Investments

v3.23.1
Investments
12 Months Ended
Dec. 31, 2022
Investments  
Investment

Note 3 - Investments

 

As of December 31, 2022 the Company had two money market accounts and available-for-sale investments with contractual maturities of one year or less as follows:

 

As of December 31, 2022

 

Cost Basis

 

 

Unrealized Gains

 

 

Aggregate Fair Value

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury Bills

 

$ 6,905,171

 

 

$ 15,039

 

 

$ 6,920,210

 

Money Market Funds

 

 

5,262,286

 

 

 

-

 

 

 

5,262,286

 

Total

 

$ 12,167,457

 

 

$ 15,039

 

 

$ 12,182,496

 

 

As of December 31, 2022, there were no available-for-sale securities in an unrealized-loss position and there were no sales of available-for-sale securities made during 2022.  U.S. Treasury Bills classified as Investments on the consolidated balance sheet as of December 31, 2022 were $4.9 million.

 

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