MARKETABLE SECURITIES

6 Months Ended

Jun. 30, 2023

Note 5

MARKETABLE SECURITIES

Marketable securities are stated at estimated fair value based upon current market quotes (level 1 inputs) and are classified as available-for-sale. Realized gains and losses are included in investment income. Unrealized gains and losses are immaterial and therefore the Company has presented such amounts within investment income in the condensed consolidated statements of operations. The Company invests in short-term U.S. Treasuries and money market mutual funds. As of June 30, 2023 and December 31, 2022, marketable securities consisted of the following:

	June 30, 2023		December 31, 2022
United States Treasury Bills
Cost	$	37,849,427	$	17,234,633
Fair Market Value	$	38,344,436	$	17,396,487