| Note 3 – Marketable Securities |
Note 3 – Marketable Securities
The following tables set
forth information related to our marketable securities as of April 30, 2022:
| I. |
Cost, unrealized gains or losses, and fair values |
| |
|
Cost |
|
Unrealized Gains (Losses) |
|
Fair Value |
| Money market funds |
|
$ |
799,047 |
|
|
$ |
889 |
|
|
$ |
799,936 |
|
| Asset-backed securities |
|
|
2,894,512 |
|
|
|
(32,953 |
) |
|
|
2,861,559 |
|
| Corporate bonds |
|
|
42,571,104 |
|
|
|
(1,442,230 |
) |
|
|
41,128,874 |
|
| Total |
|
$ |
46,264,663 |
|
|
$ |
(1,474,294 |
) |
|
$ |
44,790,369 |
|
| II. |
Contractual Maturities |
| |
|
One Year or Less |
|
One to
Five Years |
|
Over Five Years |
|
Total |
| Money market funds |
|
$ |
799,936 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
799,936 |
|
| Asset-backed securities |
|
|
— |
|
|
|
2,861,559 |
|
|
|
— |
|
|
|
2,861,559 |
|
| Corporate bonds |
|
|
21,702,648 |
|
|
|
18,877,593 |
|
|
|
548,633 |
|
|
|
41,128,874 |
|
| Total |
|
$ |
22,502,584 |
|
|
$ |
21,739,152 |
|
|
$ |
548,633 |
|
|
$ |
44,790,369 |
|
| III. |
Fair Value Hierarchy |
| |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
| Money market funds |
|
$ |
799,936 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
799,936 |
|
| Asset-backed securities |
|
|
— |
|
|
|
2,861,559 |
|
|
|
— |
|
|
|
2,861,559 |
|
| Corporate bonds |
|
|
— |
|
|
|
41,128,874 |
|
|
|
— |
|
|
|
41,128,874 |
|
| Total |
|
$ |
799,936 |
|
|
$ |
43,990,433 |
|
|
$ |
— |
|
|
$ |
44,790,369 |
|
|