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

Cash and money market funds

  $ 36,126,791     $ —       $ —       $ 36,126,791     $ 21,300,733     $ —       $ —       $ 21,300,733  

Corporate bonds

    958       —         —         958       5,008,189       —         (3,238     5,004,951  

Certificate of deposit

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

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total cash, cash equivalents and investments

  $ 37,807,749     $ —       $  (1,488   $ 37,806,261     $ 26,408,922     $ —       $ (3,307   $ 26,405,615  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Summarized classification of short term and Long term investments
                 
    2012     2011  

Cash

  $ 19,811,735     $ 6,061,523  

Cash equivalents

    16,315,056       15,239,210  
   

 

 

   

 

 

 

Total cash and cash equivalents

    36,126,791       21,300,733  

Short-term investments

    1,680,958       5,108,189  
   

 

 

   

 

 

 

Total cash, cash equivalents and investments

  $ 37,807,749     $ 26,408,922