Basis of Presentation and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Fair Value Measurement Specific to Assets or Liability

	Fair Value Measurements at Reporting Date Using
	Balances as of December 31, 2019		Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash and cash equivalents:
Money market funds	$	23,963,617	$	23,963,617	$	—	$	—
U.S. Treasuries	$	59,932,200	$		$	59,932,200	$
Short-term investments:
U.S. Treasuries	$	5,007,050	$	—	$	5,007,050	$	—

	Balances as of December 31, 2018		Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash and cash equivalents:
Money market funds	$	14,462,087	$	14,462,087	$	—	$	—
Short-term investments:
Short-term bond fund	$	26,541,349	$	26,541,349	$	—	$	—
U.S. Treasuries	$	10,380,864	$	—	$	10,380,864	$	—
Investments:
U.S. Treasuries	$	5,008,243	$	—	$	5,008,243	$	—

Basic and Dilutive Weighted Average Common Shares

The following table reconciles basic and diluted weighted average common shares:

	For the Years Ended December 31,
	2019		2018
Basic weighted average common shares outstanding		102,944,316		102,633,884
Effect of dilutive securities:
Common stock issuable upon the exercise of stock options		3,076,620		—
Diluted weighted average common shares outstanding		106,020,936		102,633,884