Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31, 2021 and December 31, 2020:

	March 31, 2021
				Gross		Gross
Description	Effective Maturity	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
Corporate bonds	2021-2022	$	165,459,419	$	252,653	$	(95,273	)	$	165,616,799
Corporate bonds	2022		139,986,422		—		(400,135	)		139,586,287
Total		$	305,445,841	$	252,653	$	(495,408	)	$	305,203,086

	December 31, 2020
				Gross		Gross
Description	Effective Maturity	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Corporate bonds	2021	$	99,596,821	$	560,797	$	—	$	100,157,618
Total		$	99,596,821	$	560,797	$	—	$	100,157,618

Schedule of Assets Accounted for at Fair Value on Recurring Basis

The following table sets forth, by level, the Company’s assets that were accounted for at fair value on a recurring basis.

	March 31, 2021
Description	Level 1		Level 2		Level 3		Total
Assets:
Corporate bonds	$	—	$	305,203,086	$	—	$	305,203,086

	December 31, 2020
Description	Level 1		Level 2		Level 3		Total
Assets:
Corporate bonds	$	—	$	100,157,618	$	—	$	100,157,618