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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of debt securities by level within the fair value hierarchy
The following table presents the Company’s short-term marketable debt securities by level within the fair value hierarchy:
December 31, 2022
Level 1Level 2Level 3Total
Eurocommercial papers(1)
$— $42,552,608 $— $42,552,608 
Certificates of deposit— 9,937,899 — 9,937,899 
Total$ $52,490,507 $ $52,490,507 
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(1)Eurocommercial papers in the amount of $19.9 million are classified as cash and cash equivalents.