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

 

 

Carrying

Amount In

Balance Sheet

September 30,

 

 

Fair Value

September 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

 

 

87,507

 

 

 

87,507

 

 

 

87,507

 

 

 

 

 

 

 

Total Assets

 

$

587,507

 

 

$

587,507

 

 

$

587,507

 

 

$

 

 

$

 

 

 

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

 

 

$

 

 

$