Fair Value Of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Of Financial Instruments Tables

Fair value of financial instruments

The following table presents information about the Company’s consolidated financial instruments and their estimated fair values, which are measured on a recurring basis, and are allocated among the three levels within the fair value hierarchy as of June 30, 2014, and December 31, 2013:

		Level 1		Level 2		Level 3		Total
June 30, 2014
Financial instruments:
Fixed maturities securities:
U.S. treasury securities	$	5,099,428	$	—	$	—	$	5,099,428
Certificates of deposit		—		6,549,000		—		6,549,000
Total fixed maturity securities		5,099,428		6,549,000		—		11,648,428
Cash and short-term investments		95,623,680		—		—		95,623,680
Total financial instruments at fair value	$	100,723,108	$	6,549,000	$	—	$	107,272,108
December 31, 2013
Financial instruments:
Fixed maturities securities:
U.S. treasury securities	$	5,086,806	$	—	$	—	$	5,086,806
Certificates of deposit		—		6,849,000		—		6,849,000
Total fixed maturity securities		5,086,806		6,849,000		—		11,935,806
Cash and short-term investments		94,183,705		—		—		94,183,705
Total financial instruments at fair value	$	99,270,511	$	6,849,000	$	—	$	106,119,511