Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Significant Accounting Policies [Abstract]

Cash and cash equivalents

	December 31,
	2012		2011
Cash on hand	$	209,380	$	133,035
Money market fund		12,615,710		4,230,677
Total cash and cash equivalents	$	12,825,090	$	4,363,712

Summary of the estimated useful lives of property and equipment

Classification	Estimated Useful Life
Computer hardware		5 years
Software		3 years
Office furniture and equipment		5 years
Research and lab equipment		5 years
Leasehold improvements		6.25 years