Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.8.0.1
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Summary of Assets Measured at Fair Value

Below is a summary of assets measured at fair value as of September 30, 2017 and December 31, 2016.

 

 

 

 

 

 

 

Fair Value Measurements Using

 

 

 

September 30, 2017

 

 

Quoted Prices in

Active Markets

for Identical

Assets (Level 1)

 

 

Significant

Other

Observable

Inputs (Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

12,875,586

 

 

$

12,875,586

 

 

$

 

 

$

 

Corporate debt securities

 

 

70,823,435

 

 

 

 

 

 

70,823,435

 

 

 

 

Total

 

$

83,699,021

 

 

$

12,875,586

 

 

$

70,823,435

 

 

$

 

 

 

 

 

 

 

 

Fair Value Measurements Using

 

 

 

December 31, 2016

 

 

Quoted Prices in

Active Markets

for Identical

Assets (Level 1)

 

 

Significant

Other

Observable

Inputs (Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

45,523,208

 

 

$

45,523,208

 

 

$

 

 

$

 

Corporate debt securities

 

 

27,702,317

 

 

 

 

 

 

27,702,317

 

 

 

 

Total

 

$

73,225,525

 

 

$

45,523,208

 

 

$

27,702,317

 

 

$