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Available-for-Sale Securities
3 Months Ended
Mar. 31, 2022
Investments Debt And Equity Securities [Abstract]  
Available-for-Sale Securities

 

 

Note 5. Available-for-Sale Securities

The Company’s portfolio of available-for-sale securities consists of high credit quality corporate debt securities. The following is a summary of the Company’s available-for-sale securities as of March 31, 2022 and December 31, 2021:  

 

 

March 31, 2022

 

 

 

 

 

 

Gross

 

 

Gross

 

 

Fair Value

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

(Net Carrying

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Amount)

 

Corporate debt securities

$

6,948,584

 

 

$

 

 

$

 

 

$

6,948,584

 

Total available-for-sale securities

$

6,948,584

 

 

$

 

 

$

 

 

$

6,948,584

 

 

 

 

December 31, 2021

 

 

 

 

 

 

Gross

 

 

Gross

 

 

Fair Value

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

(Net Carrying

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Amount)

 

Corporate debt securities

$

12,343,456

 

 

$

 

 

$

 

 

$

12,343,456

 

Total available-for-sale securities

$

12,343,456

 

 

$

 

 

$

 

 

$

12,343,456

 

 

There were no gross unrealized losses relating to the Company’s available-for-sale securities investments as of March 31, 2022.

 

Contractual maturities of all of the Company’s debt securities investments were less than one year as of March 31, 2022. Expected maturities may differ from contractual maturities where issuers of the securities have the right to prepay obligations without prepayment penalties.