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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2020
FAIR VALUE MEASUREMENTS  
Schedule of assets and liabilities measured at fair value on a recurring basis

 

Carrying

Amount In

Balance Sheet

March 31,

 

Fair Value

March 31,

 

Fair Value

Measurement Using

 

2020

 

2020

 

Level 1

 

Level 2

 

Level 3

 

Assets:

 

Treasury and government securities

 

$

500,000

 

$

500,000

 

$

500,000

 

Money market funds

 

147,125

 

147,125

 

147,125

 

Total Assets

 

$

647,125

 

$

647,125

 

$

647,125

 

$

 

$

 

Carrying

Amount In

Balance Sheet December 31,

 

Fair Value

December 31,

 

Fair Value

Measurement Using

 

2019

 

2019

 

Level 1

 

Level 2

 

Level 3

 

Assets:

 

Treasury and government securities

 

$

500,000

 

$

500,000

 

$

500,000

 

Money market funds

 

179,147

 

179,147

 

179,147

 

Total Assets

 

$

679,147

 

$

679,147

 

$

679,147

 

$

 

$