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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2021 and December 31, 2020:

		June 30, 2021
								Gross				Gross
Description		Effective Maturity		Amortized Cost				Unrealized Gains				Unrealized Losses				Fair Value
Corporate bonds		2021-2022		$	368,182,546			$	103,619			$	(93,213	)		$	368,192,952
Corporate bonds		2022-2023			178,904,470								(496,456	)			178,408,014
Government securities		2022			5,248,638				—				(494	)			5,248,144
Total				$	552,335,654			$	103,619			$	(590,163	)		$	551,849,110

		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.

		June 30, 2021
Description		Level 1				Level 2				Level 3				Total
Assets:
Corporate bonds and government securities		$	—			$	551,849,110			$	—			$	551,849,110

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

X

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI http://asc.fasb.org/topic&trid=2196928

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- References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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