Cash, Cash Equivalents and Marketable Securities

12 Months Ended

Dec. 31, 2021

Cash And Cash Equivalents [Abstract]

Schedule of Cash, and Cash Equivalents

5. CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES

At December 31, 2021, cash and cash equivalents were comprised of:

	Carrying Amount		Unrecognized Gain		Unrecognized Loss		Estimated Fair Value		Cash and Cash Equivalents
Cash	$	100,364,523	$	—	$	—	$	100,364,523	$	100,364,523
Money market funds		4,426,466		—		—		4,426,466		4,426,466
Reverse repurchase agreements		125,000,000		—		—		125,000,000		125,000,000
Total cash and cash equivalents	$	229,790,989	$	—	$	—	$	229,790,989	$	229,790,989

At December 31, 2020, cash and cash equivalents were comprised of:

	Carrying Amount		Unrecognized Gain		Unrecognized Loss		Estimated Fair Value		Cash and Cash Equivalents
Cash	$	23,494,920	$	—	$	—	$	23,494,920	$	23,494,920
Money market funds		29,363,391		—		—		29,363,391		29,363,391
Reverse repurchase agreements		25,000,000		—		—		25,000,000		25,000,000
Total cash and cash equivalents	$	77,858,311	$	—	$	—	$	77,858,311	$	77,858,311

There were no marketable securities held at December 31, 2021 or December 31, 2020.