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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2020
Fair Value Disclosures [Abstract] |
Schedule of the Company’s Assets and Liabilities that are Measured and Recognized at Fair Value on a Recurring Basis Classified Under the Appropriate Level of the Fair Value Hierarchy | The following table presents the Company’s assets and liabilities that are measured and recognized at fair value on a recurring basis classified under the appropriate level of the fair value hierarchy as of September 30, 2020 and December 31, 2019:
| Fair Value Measurements at September 30, 2020
| Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Assets: |  |  |  |  |  |  |
Money market fund (1) | $ | 35,536,630 |  |  | $ | — |  |  | $ | — |  |  | $ | 35,536,630 |
Total Assets | $ | 35,536,630 |  |  | $ | — |  |  | $ | — |  |  | $ | 35,536,630 |
Liabilities: |  |  |  |  |  |  |
Derivative financial instruments—warrants (2) | $ | — |  |  | $ | — |  |  | $ | 190,199 |  |  | $ | 190,199 |
Total Liabilities | $ | — |  |  | $ | — |  |  | $ | 190,199 |  |  | $ | 190,199 |
| Fair Value Measurements at December 31, 2019
| Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Assets: |  |  |  |  |  |  |
Money market fund (1) | $ | 10,131,240 |  |  | $ | — |  |  | $ | — |  |  | $ | 10,131,240 |
Total Assets | $ | 10,131,240 |  |  | $ | — |  |  | $ | — |  |  | $ | 10,131,240 |
Liabilities: |  |  |  |  |  |  |
Derivative financial instruments—warrants (2) | $ | — |  |  | $ | — |  |  | $ | 4,127 |  |  | $ | 4,127 |
Total Liabilities | $ | — |  |  | $ | — |  |  | $ | 4,127 |  |  | $ | 4,127 |
(1) Included as a component of cash and cash equivalents on the accompanying condensed balance sheets. (2) A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. At each reporting period, all assets and liabilities for which the fair value measurement is based on significant unobservable inputs or instruments that trade infrequently and therefore have little or no price transparency are classified as Level 3. See Note 6 to the condensed financial statements for further information.

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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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