Schedule of Fair Value Measurements |
The following table presents
the hierarchy for our financial assets measured at fair value on a recurring basis as of April 30, 2021:
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Money market funds: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
27,038,700 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
27,038,700 |
|
Certificates of deposit: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
|
500,000 |
|
|
|
- |
|
|
|
- |
|
|
|
500,000 |
|
Short-term investments |
|
|
- |
|
|
|
2,000,000 |
|
|
|
- |
|
|
|
2,000,000 |
|
Treasury bills and bonds: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-term investments |
|
|
- |
|
|
|
8,399,300 |
|
|
|
- |
|
|
|
8,399,300 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total financial assets |
|
$ |
27,538,700 |
|
|
$ |
10,399,300 |
|
|
$ |
- |
|
|
$ |
37,938,000 |
|
The following table presents
the hierarchy for our financial assets measured at fair value on a recurring basis as of October 31, 2020:
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Money market funds: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
3,902,292 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
3,902,292 |
|
Certificates of deposit: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
|
2,250,000 |
|
|
|
- |
|
|
|
- |
|
|
|
2,250,000 |
|
Short-term investments |
|
|
- |
|
|
|
2,640,000 |
|
|
|
- |
|
|
|
2,640,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total financial assets |
|
$ |
6,152,292 |
|
|
$ |
2,640,000 |
|
|
$ |
- |
|
|
$ |
8,792,292 |
|
|