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Cash, Cash Equivalents, and Investments (Tables)
3 Months Ended
Mar. 31, 2013
Cash, Cash Equivalents and Investments [Abstract]  
Summary of cash, cash equivalents and held-to-maturity investments by type
                                                                 
    March 31, 2013     December 31, 2012  
    Cost     Gross
Unrealized
Gains
    Gross
Unrealized
Losses
    Fair Value     Cost     Gross
Unrealized
Gains
    Gross
Unrealized
Losses
    Fair Value  

Cash and money market funds

  $ 38,580,384     $ —       $ —       $ 38,580,384     $ 36,126,791     $ —       $ —       $ 36,126,791  

Corporate bonds

    —          —         —         —          958       —         —         958  

Certificates of deposit

    —          —         —         —          1,680,000       —         (1,488     1,678,512  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total cash, cash equivalents and investments

  $  38,580,384     $ —       $ —       $ 38,580,384     $ 37,807,749     $ —       $ (1,488   $ 37,806,261  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Summarized classification of short term and Long term investments
                 
    March 31,
2013
    December 31,
2012
 

Cash

  $ 38,580,384     $ 19,811,735  

Cash equivalents

    —          16,315,056  
   

 

 

   

 

 

 

Total cash and cash equivalents

    38,580,384       36,126,791  

Short-term investments

    —          1,680,958  
   

 

 

   

 

 

 

Total cash, cash equivalents and investments

  $ 38,580,384     $ 37,807,749