Cash, Cash Equivalents and Marketable Securities

9 Months Ended

Sep. 30, 2020

Investments Debt And Equity Securities [Abstract]

Cash, Cash Equivalents and Marketable Securities

Note 5.  Cash, Cash Equivalents and Marketable Securities

The following tables summarize the Company’s cash, cash equivalents and marketable securities as of September 30, 2020 and December 31, 2019.

As of September 30, 2020
	Amortized Cost		Unrealized Gain		Unrealized (Loss)			Fair Value
Cash and cash equivalents	$	3,832,454	$	—	$	—		$	3,832,454
U.S. Treasury Bonds	$	22,138,304	$	—	$	(3,093	)	$	22,135,211
Total marketable securities	$	22,138,304	$	—	$	(3,093	)	$	22,135,211
Total cash, cash equivalents, and marketable securities	$	25,970,758	$	—	$	(3,093	)	$	25,967,665

As of December 31, 2019
	Amortized Cost		Unrealized Gain		Unrealized (Loss)			Fair Value
Cash and cash equivalents	$	13,564,252	$	—	$	(461	)	$	13,563,791
U.S. Treasury Bonds	$	10,494,539	$	811	$	—		$	10,495,350
Total marketable securities	$	10,494,539	$	811	$	—		$	10,495,350
Total cash, cash equivalents, and marketable securities	$	24,058,791	$	811	$	(461	)	$	24,059,141