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Cash, Cash Equivalents, and Investments (Tables)
6 Months Ended
Jun. 30, 2012
Cash, cash equivalents, and investments [Abstract]  
Summary of cash, cash equivalents and held-to-maturity investments by type
                                                                 
    June 30, 2012     December 31, 2011  
    Cost     Gross
Unrealized
Gains
    Gross
Unrealized
Losses
    Fair Value     Cost     Gross
Unrealized
Gains
    Gross
Unrealized
Losses
    Fair Value  

Cash and money market funds

  $ 17,970,019     $ —       $ —       $ 17,970,019     $ 21,300,733     $ —       $ —       $ 21,300,733  

Commercial paper

    3,506,263       —         (2,831     3,503,432       5,008,189       —         (3,238     5,004,951  

Certificates of deposit

    1,680,000       —         (1,488     1,678,512       100,000       —         (69     99,931  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total cash, cash equivalents and investments

  $ 23,156,282     $ —       $ (4,319   $ 23,151,963     $ 26,408,922     $ —       $ (3,307   $ 26,405,615  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Summarized classification of short term and Long term investments
                 
    June 30,
2012
    December 31,
2011
 

Cash

  $ 5,190,178     $ 6,061,523  

Cash equivalents

    12,779,841       15,239,210  
   

 

 

   

 

 

 

Total cash and cash equivalents

    17,970,019       21,300,733  
     

Short-term investments

    5,186,263       5,108,189  
   

 

 

   

 

 

 

Total cash, cash equivalents and investments

  $ 23,156,282     $ 26,408,922