Cash and Cash Equivalents and Investments (Tables)

3 Months Ended

Mar. 31, 2015

Cash and Cash Equivalents and Investments [Abstract]

Schedule of Cash and Cash Equivalents and Investments

	March 31, 2015		December 31, 2014
Cash	$	12,506,936	$	7,665,958
Money market mutual funds		3,990,789		11,730,887
Cash and cash equivalents		16,497,725		19,396,845
Investments in debt securities		50,000,000		55,996,000
Investment in equity securities		8,437,096		8,422,790
Total investments		58,437,096		64,418,790
Total cash and cash equivalents and investments	$	74,934,821	$	83,815,635

Fair Value of Cash and Cash Equivalents and Investments

			Fair Value Measurements, Using
	Total carrying value as of March 31, 2015		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Cash and cash equivalents	$	16,497,725	$	16,497,725	$	-	$	-
Investments in debt securities		50,000,000		50,000,000		-		-
Investment in equity securities		8,437,096		8,437,096		-		-
Total investments		58,437,096		58,437,096		-		-
Total	$	74,934,821	$	74,934,821	$	-	$	-