CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Operating activities
Net income (loss)	$ 5,459,477us-gaap_NetIncomeLoss	$ (18,032,438)us-gaap_NetIncomeLoss	$ (17,291,758)us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation	857,055us-gaap_Depreciation	674,725us-gaap_Depreciation	358,367us-gaap_Depreciation
Stock-based compensation	8,025,261us-gaap_ShareBasedCompensation	6,059,005us-gaap_ShareBasedCompensation	3,022,693us-gaap_ShareBasedCompensation
Loss on disposal of property and equipment	6,100	1,778	6,354
Loss on extinguishment of debt	0	0	992,281
Accretion of bond premium	1,615,063us-gaap_AccretionExpense	1,246,143us-gaap_AccretionExpense	961,271us-gaap_AccretionExpense
Non cash interest expense	0us-gaap_PaidInKindInterest	0us-gaap_PaidInKindInterest	73,914us-gaap_PaidInKindInterest
Change in operating assets and liabilities:
Receivables	5,490,605	(2,508,687)	(1,409,738)
Prepaid expenses and other assets	2,711,331	2,016,928	(1,287,834)
Accounts payable	(3,700,175)	(386,241)	524,936
Accrued interest, wages, benefits and other liabilities	(2,923,537)	1,337,021	3,483,896
Deferred revenue	(59,746,948)	(41,488,719)	99,757,129
Net cash provided by (used in) operating activities	(42,205,768)	(51,080,485)	89,191,511
Investing activities
Purchases of property and equipment	(1,501,744)	(827,839)	(1,862,872)
Proceeds from disposal of property and equipment	10,000	0	0
Purchases of investments	(149,370,678)	(125,026,602)	(265,203,590)
Proceeds from sales and maturities of investments	82,302,191	195,146,871	163,671,395
Net cash provided by (used in) investing activities	(68,560,231)	69,292,430	(103,395,067)
Financing activities
Stock repurchase	(3,814)	0	0
Principal payments on borrowings	0us-gaap_RepaymentsOfLongTermDebt	0us-gaap_RepaymentsOfLongTermDebt	(13,544,175)us-gaap_RepaymentsOfLongTermDebt
Proceeds from third public offering, net of issuance costs	101,904,977	0	0
Proceeds from the exercise of stock options	1,290,886	644,934	391,407
Proceeds from stock purchase under employee stock purchase plan	299,229	0	0
Net cash provided by (used in) financing activities	103,491,278	644,934	(13,152,768)
Effect of exchange rate	(38,776)	(6,805)	707
Net increase (decrease) in cash and cash equivalents	(7,313,497)	18,850,074	(27,355,617)
Cash and cash equivalents at beginning of period	52,846,940	33,996,866	61,352,483
Cash and cash equivalents at end of period	$ 45,533,443	$ 52,846,940	$ 33,996,866

The cash inflow associated with the amount received from stock purchases under employee stock purchase plan.

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Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

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Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.

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Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.

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