Cash, Cash Equivalents and Marketable Securities

6 Months Ended

Jun. 30, 2011

Cash, Cash Equivalents and Marketable Securities [Text Block]

3.	Cash and Cash Equivalents
	At June 30, 2011, the Company had $44,852,760 in cash and cash equivalents. Pursuant to ASC 820 the fair value of cash equivalents is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company places cash investments in instruments that meet credit quality standards, as specified in the investment policy guidelines.