| 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 January 31, 2021:
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Money market funds: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
11,568,608 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
11,568,608 |
|
| Certificates of deposit: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
|
250,000 |
|
|
|
- |
|
|
|
- |
|
|
|
250,000 |
|
| Short-term investments |
|
|
- |
|
|
|
2,000,000 |
|
|
|
- |
|
|
|
2,000,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total financial assets |
|
$ |
11,818,608 |
|
|
$ |
2,000,000 |
|
|
$ |
- |
|
|
$ |
13,818,608 |
|
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 |
|
|