1. Liquidity and Capital Resources (Tables)

12 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Composition of cash

The following table depicts the composition of the Company’s cash and cash equivalents as of December 31, 2019 and 2018:

	December 31, 2019		December 31, 2018
Deposits placed with banks	$	736,101	$	321,788
United States Treasury Bills		11,117,526		–
Total cash and cash equivalents	$	11,853,627	$	321,788