Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Investments

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Note 3 - Investments
9 Months Ended
Sep. 30, 2024
Notes to Financial Statements  
Investment [Text Block]

Note 3 - Investments

 

As of September 30, 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 as follows:

 

As of September 30, 2024

 

Cost Basis

    Unrealized Gains    

Aggregate Fair Value

 
                         

U.S. Treasury Bills

  $ 1,891,680     $ 6,454     $ 1,898,134  

Money Market Accounts

    3,897,735             3,897,735  

Total

  $ 5,789,415     $ 6,454     $ 5,795,869  

 

As of September 30, 2024, 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  September 30, 2024.

 

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.