Note 3 – Marketable Securities |
Note
3 – Marketable Securities
The following tables set
forth information related to our marketable securities as of January 31, 2022:
I. |
Amortized cost, net unrealized gains or losses, and fair values |
|
|
Amortized Cost |
|
Net Unrealized Gains (Losses) |
|
Fair Value |
Money market funds |
|
$ |
1,598,428 |
|
|
$ |
1,108 |
|
|
$ |
1,599,536 |
|
Asset-backed securities |
|
|
3,113,823 |
|
|
|
(21,984 |
) |
|
|
3,091,839 |
|
Corporate bonds |
|
|
44,387,966 |
|
|
|
(633,039 |
) |
|
|
43,754,927 |
|
Total |
|
$ |
49,100,217 |
|
|
$ |
(653,915 |
) |
|
$ |
48,446,302 |
|
II. |
Contractual Maturities |
|
|
One Year or Less |
|
One to Five Years |
|
Over Five Years |
|
Total |
Money market funds |
|
$ |
1,599,536 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,599,536 |
|
Asset-backed securities |
|
|
— |
|
|
|
3,091,839 |
|
|
|
— |
|
|
|
3,091,839 |
|
Corporate bonds |
|
|
19,808,158 |
|
|
|
23,366,723 |
|
|
|
580,046 |
|
|
|
43,754,927 |
|
Total |
|
$ |
21,407,694 |
|
|
$ |
26,458,562 |
|
|
$ |
580,046 |
|
|
$ |
48,446,302 |
|
III. |
Fair Value Hierarchy |
|
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Money market funds |
|
$ |
1,599,536 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,599,536 |
|
Asset-backed securities |
|
|
— |
|
|
|
3,091,839 |
|
|
|
— |
|
|
|
3,091,839 |
|
Corporate bonds |
|
|
— |
|
|
|
43,754,927 |
|
|
|
— |
|
|
|
43,754,927 |
|
Total |
|
$ |
1,599,536 |
|
|
$ |
46,846,766 |
|
|
$ |
— |
|
|
$ |
48,446,302 |
|
|