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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2020
FAIR VALUE MEASUREMENTS  
Schedule of assets and liabilities measured at fair value on a recurring basis

 

 

Carrying

Amount In

Balance Sheet

June 30,

 

 

Fair Value

June 30,

 

 

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

 

 

127,427

 

 

 

127,427

 

 

 

127,427

 

 

 -

 

 

 -

 

Total Assets

 

$627,427

 

 

$627,427

 

 

$627,427

 

 

$

 

 

$

 

 

 

 

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

 

 

$

 

 

$