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Basis of Presentation and Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]  
Schedule of Financial Assets and Liabilities Remeasured on a Recurring Basis
The following tables present the classification within the fair value hierarchy of financial assets and liabilities that are remeasured on a recurring basis as of March 31, 2022 and December 31, 2021. There were no financial assets or liabilities that were remeasured using a quoted price in active markets for identical assets (Level 2) or using unobservable inputs (Level 3) as of March 31, 2022 or December 31, 2021.
Fair Value Measurements
Level 1Level 2Level 3Total
Balance at March 31, 2022
Current assets:
Cash equivalents (1)
$36,330,411 $— $— $36,330,411 
Balance at December 31, 2021
Current assets:
Cash equivalents (1)
$49,666,064 $— $— $49,666,064 
(1) Represents cash held in money market funds.