Fair Value (Tables)

9 Months Ended

Sep. 30, 2020

Assets Measured at Fair Value on a Recurring Basis

The following tables present information about the Company’s assets and liabilities by major category measured at fair value on a recurring basis as of September 30, 2020 and December 31, 2019 and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value:

Assets Measured at Fair Value on a Recurring Basis as of September 30, 2020:

Assets	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Cash equivalents	$	5,395,911	$	-	$	-	$	5,395,911
Total assets at fair value	$	5,395,911	$	-	$	-	$	5,395,911

There were no transfers between any Levels during the three months and six months ended September 30, 2020.

Assets Measured at Fair Value on a Recurring Basis as of December 31, 2019:

Assets	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Cash equivalents	$	6,579,577	$	-	$	-	$	6,579,577
Total assets at fair value	$	6,579,577	$	-	$	-	$	6,579,577