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Cash, Cash Equivalents and Marketable Securities (Details) - USD ($)
9 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Cash, Cash Equivalents and Marketable Securities    
Marketable securities, unrealized losses $ (12,485)  
Carrying value    
Cash, Cash Equivalents and Marketable Securities    
Cash and cash equivalents 8,393,302  
Available for sale securities, cost 39,570,340  
Total cash, cash equivalents and marketable securities   $ 306,249
Fair value    
Cash, Cash Equivalents and Marketable Securities    
Cash and cash equivalents 8,393,302  
Marketable securities, fair value 39,557,855  
Total cash, cash equivalents and marketable securities   306,249
Corporate debt securities due within 1 year of date of purchase | Level 2    
Cash, Cash Equivalents and Marketable Securities    
Marketable securities, unrealized losses (12,485)  
Corporate debt securities due within 1 year of date of purchase | Carrying value | Level 2    
Cash, Cash Equivalents and Marketable Securities    
Available for sale securities, cost 31,177,038  
Corporate debt securities due within 1 year of date of purchase | Fair value | Level 2    
Cash, Cash Equivalents and Marketable Securities    
Marketable securities, fair value 31,164,553  
Cash and money market funds | Carrying value | Level 1    
Cash, Cash Equivalents and Marketable Securities    
Cash and cash equivalents 8,393,302 306,249
Cash and money market funds | Fair value | Level 1    
Cash, Cash Equivalents and Marketable Securities    
Cash and cash equivalents $ 8,393,302 $ 306,249
Corporate debt securities due within 3 months of date of purchase    
Cash, Cash Equivalents and Marketable Securities    
Maturity period from date of purchase to classify an investment as marketable securities 3 months  
Maximum | Corporate debt securities due within 1 year of date of purchase    
Cash, Cash Equivalents and Marketable Securities    
Maturity period from date of purchase to classify an investment as marketable securities 1 year