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