Fair Value Of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Of Financial Instruments Tables

Fair value of financial instruments

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

		Level 1		Level 2		Level 3		Total
December 31, 2014
Financial instruments:
Fixed maturities securities:
U.S. treasury securities	$	20,069,556	$	—	$	—	$	20,069,556
Certificates of deposit		—		15,089,000		—		15,089,000
Total fixed maturity securities		20,069,556		15,089,000		—		35,158,556
Cash and short-term investments		72,568,570		—		—		72,568,570
Total financial instruments at fair value	$	92,638,126	$	15,089,000	$	—	$	107,727,126
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