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Short-term Investments and Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments $ 86,013,044 $ 130,982,913
Mutual funds    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 42,519,427 51,866,401
Certificates of deposit    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 2,990,181 2,990,326
U.S. agency mortgage-backed securities    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 916,036 936,466
Fair Value, Measurements, Recurring    
Financial assets and liabilities that are measured at fair value on recurring basis    
Short-term investments 86,013,044 130,982,913
Investment in affiliated entity 2,654,269 2,780,287
Total assets measured at fair value 88,667,313 133,763,200
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 82,106,827 127,056,121
Investment in affiliated entity 2,654,269 2,780,287
Total assets measured at fair value 84,761,096 129,836,408
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 3,906,217 3,926,792
Investment in affiliated entity 0 0
Total assets measured at fair value 3,906,217 3,926,792
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
Investment 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 42,519,427 51,866,401
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 42,519,427 51,866,401
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 39,587,400 75,189,720
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 39,587,400 75,189,720
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 2,990,181 2,990,326
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 2,990,181 2,990,326
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 916,036 936,466
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 916,036 936,466
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