FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

Financial assets and liabilities included in our financial statements and measured at fair value as of March 31, 2012 are classified based on the valuation technique level in the table below:

	Total		Level 1		Level 2		Level 3
Description:
Cash and cash equivalents (1)	$	20,535,644	$	20,535,644	$	—	$	—
Marketable securities (2)		46,826,522		45,316,522		—		1,510,000
Total at fair value	$	67,362,166	$	65,852,166	$	—	$	1,510,000

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table provides a reconciliation of the beginning and ending balance for the Company’s marketable securities measured at fair value using significant unobservable inputs (Level 3):

	Marketable Securities
Balance at January 1, 2012	$	1,410,000
Increase in fair value of investment		100,000
Balance at June 30, 2012	$	1,510,000