Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Summary of Company's Available for Sale Securities

The following is a summary of the Company’s available-for-sale securities as of September 30, 2020 and December 31, 2019:

	September 30, 2020
				Gross		Gross
Description	Effective Maturity	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
Corporate bonds	2020-2021	$	135,813,140	$	811,850	$	(1,204	)	$	136,623,786
Corporate bonds	2021		22,682,016		269,161		—			22,951,177
		$	158,495,156	$	1,081,011	$	(1,204	)	$	159,574,963

	December 31, 2019
				Gross		Gross
Description	Effective Maturity	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Corporate bonds	2020	$	145,359,876	$	49,722	$	—	$	145,409,598
Corporate bonds	2021		126,194,004		57,854		—		126,251,858
		$	271,553,880	$	107,576	$	—	$	271,661,456

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables summarize the fair values and levels within the fair value hierarchy in which the fair value measurements fall for assets and liabilities measured on a recurring basis:

	September 30, 2020
Description	Level 1		Level 2		Level 3		Total
Assets:
Corporate bonds	$	—	$	159,574,963	$	—	$	159,574,963

	December 31, 2019
Description	Level 1		Level 2		Level 3		Total
Assets:
Corporate bonds	$	—	$	271,661,456	$	—	$	271,661,456