| 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 July 31, 2020:
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Money market funds: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
5,154,304 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
5,154,304 |
|
| Certificates of deposit: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
|
500,000 |
|
|
|
|
|
|
|
|
|
|
|
500,000 |
|
| Short-term investments |
|
|
- |
|
|
|
3,140,000 |
|
|
|
- |
|
|
|
3,140,000 |
|
| Total financial assets |
|
$ |
5,654,304 |
|
|
$ |
3,140,000 |
|
|
$ |
- |
|
|
$ |
8,794,304 |
|
The following table presents
the hierarchy for our financial assets measured at fair value on a recurring basis as of October 31, 2019:
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Money market funds: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
2,706,944 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
2,706,944 |
|
| Certificates of deposit: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
|
500,000 |
|
|
|
- |
|
|
|
- |
|
|
|
500,000 |
|
| Short-term investments |
|
|
- |
|
|
|
2,350,000 |
|
|
|
- |
|
|
|
2,350,000 |
|
| Total financial assets |
|
$ |
3,206,944 |
|
|
$ |
2,350,000 |
|
|
$ |
- |
|
|
$ |
5,556,944 |
|
|