Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.23.1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value Measurements [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

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

Current 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)