| Schedule of Estimated Fair Value of Financial Instrument |
The
following table represents the estimated fair values of the Company’s financial instruments:
Schedule
of Estimated Fair Value of Financial Instrument
| |
|
June
30, 2024 (Unaudited) |
|
| |
|
|
|
|
Unrealized |
|
|
Unrealized |
|
|
Fair |
|
| |
|
Cost |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
| Short-term
investments |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
| Total |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
| |
|
December 31, 2023 |
|
| |
|
|
|
|
Unrealized |
|
|
Unrealized |
|
|
Fair |
|
| |
|
Cost |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
| Short-term investments |
|
$ |
12,845,000 |
|
|
$ |
48,000 |
|
|
$ |
— |
|
|
$ |
12,893,000 |
|
| Total |
|
$ |
12,845,000 |
|
|
$ |
48,000 |
|
|
$ |
— |
|
|
$ |
12,893,000 |
|
|
| Schedule of Fair Value Hierarchy Financial Assets |
The
following table represents the Company’s fair value hierarchy for its financial assets (cash equivalents and investments):
Schedule
of Fair Value Hierarchy Financial Assets
| |
|
Fair Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| |
|
June 30, 2024 (Unaudited) |
|
| |
|
Fair Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Money market funds |
|
$ |
1,037,000 |
|
|
$ |
1,037,000 |
|
|
$ |
— |
|
|
$ |
— |
|
| US treasuries |
|
|
6,570,000 |
|
|
|
— |
|
|
|
6,570,000 |
|
|
|
— |
|
| Short-term investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| US treasuries |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Total financial assets |
|
$ |
7,607,000 |
|
|
$ |
1,037,000 |
|
|
$ |
6,570,000 |
|
|
$ |
— |
|
| |
|
Fair Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| |
|
December 31, 2023 |
|
| |
|
Fair Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| Cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Money market funds |
|
$ |
443,000 |
|
|
$ |
443,000 |
|
|
$ |
— |
|
|
$ |
— |
|
| Short-term investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| US treasuries and US gov’t. agencies |
|
|
12,893,000 |
|
|
|
— |
|
|
|
12,893,000 |
|
|
|
— |
|
| Total financial assets |
|
$ |
13,336,000 |
|
|
$ |
443,000 |
|
|
$ |
12,893,000 |
|
|
$ |
— |
|
|