Annual report pursuant to Section 13 and 15(d)

2. Significant Accounting Policies (Tables)

v3.10.0.1
2. Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Assets and liabilities measured at fair value on a recurring basis

December 31, 2018   Level 1   Level 2   Total
  Assets                          
  Cash equivalents(1)     $ 6,788,333     $ —       $ 6,788,333  
  Total     $ 6,788,333     $ —       $ 6,788,333  

 

(1) Cash equivalents represent the fair value of the Company’s investments in a money market account at December 31, 2018.      

 

December 31, 2017   Level 1   Level 2   Total
  Assets                          
  Cash equivalents(1)     $ 8,872,982     $ —       $ 8,872,982  
  Restricted cash(2)       31       800,000       800,031  
  Total     $ 8,873,013     $ 800,000     $ 9,673,013  

 

(1) Cash equivalents represent the fair value of the Company’s investments in two money market accounts at December 31, 2017.

(2) Restricted cash represents the fair value of the Company’s investments in an $800,000 certificate of deposit and $31 in a money market account at December 31, 2017.