Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.24.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Measurements [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

December 31, 2023

Level 1

Level 2

Level 3

Total Fair Value

Cash equivalents:

Money Market funds

$

1,799,357

$

$

$

1,799,357

Subtotal

1,799,357

1,799,357

Liabilities:

Contingent value rights

(1,691,072)

(1,691,072)

Earnout consideration

(3,500,000)

(3,500,000)

Subtotal

(5,191,072)

(5,191,072)

Total

$

1,799,357

$

$

(5,191,072)

$

(3,391,715)

December 31, 2022

Level 1

Level 2

Level 3

Total Fair Value

Cash equivalents:

Money Market funds

$

978,462

$

$

$

978,462

Subtotal

978,462

978,462

Short-term investments:

Corporate Notes/Bonds

2,666,766

2,666,766

Subtotal

2,666,766

2,666,766

Liabilities:

Contingent value rights

(7,402,714)

(7,402,714)

Earnout consideration

(2,150,000)

(2,150,000)

Subtotal

(9,552,714)

(9,552,714)

Total

$

978,462

$

2,666,766

$

(9,552,714)

$

(5,907,486)