XML 34 R23.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2020
Fair Value Measurements  
Schedule of carrying value and fair value of financial assets and liabilities measured at fair value on a recurring basis

The following table provides the carrying value and fair value of certain financial assets and liabilities of the Company measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Fair Value Measurement at

 

 

 

 

 

June 30, 2020

 

 

Carrying Value

 

Level 1

 

Level 2

 

Level 3

Cash and cash equivalents

 

$

9,763,270

 

$

9,763,270

 

$

 —

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Fair Value Measurement at 

 

 

 

 

 

December 31, 2019

 

 

Carrying Value

 

Level 1

 

Level 2

 

Level 3

Cash and cash equivalents

 

$

1,858

 

$

1,858

 

$

 —

 

$

 —

Derivative liability

 

$

106,000

 

$

 —

 

$

 —

 

$
106,000