Annual report pursuant to Section 13 and 15(d)

2. Significant Accounting Policies (Tables)

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2. Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Assets and liabilities measured at fair value on a recurring basis
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.

 

December 31, 2016   Level 1   Level 2   Total
Assets                        
Cash equivalents (1)   $ 2,009,018     $ —       $ 2,009,018  
Restricted cash (2)     393       800,000       800,393  
Total   $ 2,009,411     $ 800,000     $ 2,809,411  

 

(1)             Cash equivalents represent the fair value of the Company’s investments in a money market account at December 31, 2016.

 

(2)  Restricted cash represents the fair value of the Company’s investments in an $800,000 certificate of deposit and $393 in a money market account at December 31, 2016.