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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2017
Fair Value of Financial Instruments [Abstract]  
Fair Value of Financial Instruments
 
Fair Value Measurements at Reporting Date Using
 
  
Total
 
Quoted Prices in
Active Markets
(Level 1)
 
Quoted Prices in
Inactive Markets
(Level 2)
 
Significant
Unobservable Inputs
(Level 3)
 
As of March 31, 2017: (unaudited)
        
Cash and cash equivalents
 
$
95,590,661
  
$
95,590,661
  
$
-
  
$
-
 
                 
As of December 31, 2016:
                
Cash and cash equivalents
 
$
106,398,919
  
$
106,398,919
  
$
-
  
$
-