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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 932,385 $ 2,544,961
Adjustments to reconcile to net cash provided by operating activities:    
Deferred tax (benefit) provision (504,000) 1,266,000
Depreciation 485,763 264,993
Amortization of intangible assets 3,368,216 2,811,949
Stock based compensation charges 1,110,480 1,056,261
Changes in assets and liabilities:    
Accounts receivable, net 1,434,881 7,058,758
Prepaid and other assets 90,465 (122,298)
Accrued expenses and other liabilities 90,888 (2,212,570)
Deferred revenue (847,916) (4,446,190)
Net cash provided by operating activities 6,161,162 8,221,864
CASH FLOWS FROM INVESTING ACTIVITIES:    
Website and database development costs (4,527,809) (4,461,366)
Furniture, fixtures and equipment additions (696,908) (1,261,688)
Proceeds from sale of furniture, fixtures and equipment 0 2,091
Net cash (used in) investing activities (5,224,717) (5,720,963)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends (3,942,474) (3,876,066)
Proceeds from option exercises 2,935,000 153,000
Payments for option cancellations and restricted stock units 0 (701,159)
Payment of financing costs 0 (180,552)
Stock repurchases (2,536,955) 0
Net cash (used in) financing activities (3,544,429) (4,604,777)
Net decrease in cash and cash equivalents (2,607,984) (2,103,876)
Cash and cash equivalents, beginning of period 21,490,586 28,657,956
Cash and cash equivalents, end of period 18,882,602 26,554,080
SUPPLEMENTAL INFORMATION:    
Cash paid during the period for interest 25,278 17,083
Cash paid during the period for income taxes 189,148 519,431
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accrual for furniture, fixtures and equipment additions (96,768) 688,337
Disposal of fully depreciated furniture, fixtures and equipment 0 64,039
Shares issued for vested employee restricted stock units 1,771 1,048
Shares issued for option exercises $ 5,700 $ 0