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Short-term Investments and Fair Value Measurements - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments $ 130,982,913 $ 206,669,397
Mutual funds    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 51,866,401 107,662,718
Certificates of deposit    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 2,990,326 2,990,908
U.S. agency mortgage-backed securities    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 936,466 1,051,261
Fair Value, Measurements, Recurring    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 130,982,913 206,669,397
Investments in affiliated entity 2,780,287 2,007,142
Total assets measured at fair value 133,763,200 208,676,539
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 127,056,121 202,627,228
Investments in affiliated entity 2,780,287 2,007,142
Total assets measured at fair value 129,836,408 204,634,370
Fair Value, Measurements, Recurring | Significant Other Unobservable Inputs (Level 2)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 3,926,792 4,042,169
Investments in affiliated entity 0 0
Total assets measured at fair value 3,926,792 4,042,169
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 0 0
Investments in affiliated entity 0 0
Total assets measured at fair value 0 0
Fair Value, Measurements, Recurring | Mutual funds    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 51,866,401 107,662,718
Fair Value, Measurements, Recurring | Mutual funds | Quoted Prices in Active Markets (Level 1)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 51,866,401 107,662,718
Fair Value, Measurements, Recurring | Mutual funds | Significant Other Unobservable Inputs (Level 2)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 0 0
Fair Value, Measurements, Recurring | Mutual funds | Significant Unobservable Inputs (Level 3)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 0 0
Fair Value, Measurements, Recurring | U.S. treasury securities    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 75,189,720 94,964,510
Fair Value, Measurements, Recurring | U.S. treasury securities | Quoted Prices in Active Markets (Level 1)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 75,189,720 94,964,510
Fair Value, Measurements, Recurring | U.S. treasury securities | Significant Other Unobservable Inputs (Level 2)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 0 0
Fair Value, Measurements, Recurring | U.S. treasury securities | Significant Unobservable Inputs (Level 3)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 0 0
Fair Value, Measurements, Recurring | Certificates of deposit    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 2,990,326 2,990,908
Fair Value, Measurements, Recurring | Certificates of deposit | Quoted Prices in Active Markets (Level 1)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 0 0
Fair Value, Measurements, Recurring | Certificates of deposit | Significant Other Unobservable Inputs (Level 2)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 2,990,326 2,990,908
Fair Value, Measurements, Recurring | Certificates of deposit | Significant Unobservable Inputs (Level 3)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 0 0
Fair Value, Measurements, Recurring | U.S. agency mortgage-backed securities    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 936,466 1,051,261
Fair Value, Measurements, Recurring | U.S. agency mortgage-backed securities | Quoted Prices in Active Markets (Level 1)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 0 0
Fair Value, Measurements, Recurring | U.S. agency mortgage-backed securities | Significant Other Unobservable Inputs (Level 2)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 936,466 1,051,261
Fair Value, Measurements, Recurring | U.S. agency mortgage-backed securities | Significant Unobservable Inputs (Level 3)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments $ 0 $ 0