Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Assets Measured on Recurring Basis

The following tables set forth the Company’s assets measured at fair value on a recurring basis as of December 31, 2017 and December 31, 2016, based on the three-tier fair value hierarchy:

As of December 31, 2017	Level 1		Level 2		Total
Bank deposits	$	6,610,183	$	—	$	6,610,183
Money market funds		53,135		—		53,135
Total Cash and cash equivalents	$	6,663,318	$	—	$	6,663,318

As of December 31, 2016	Level 1		Level 2		Total
Bank deposits	$	1,352,541	$	—	$	1,352,541
Money market funds		53,285		—		53,285
Total Cash and cash equivalents	$	1,405,826	$	—	$	1,405,826