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Note 4 - Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2014
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
       

Fair Value Measurements at Reporting

Date Using

    September 30, 2014  

Quoted Prices in

Active Markets

for Identical Assets

(Level 1)

 

Significant Other

Observable Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

Money market funds   $ 49,285,168     $ -     $ 49,285,168     $ -  
                                 
Marketable securities:                                
United States Treasury securities     14,999,600       14,999,600       -       -  
Bank certificates of deposit     5,000,000       -       5,000,000       -  
Total marketable securities   $ 19,999,600     $ 14,999,600     $ 5,000,000     $ -  
        Fair Value Measurements at Reporting
Date Using
    December 31, 2013   Quoted Prices in
Active Markets
 for Identical Assets 
 (Level 1)
  Significant Other
Observable Inputs 
(Level 2)
 

Significant

Unobservable

Inputs

(Level 3)

Money market funds   $ 34,266,501     $ -     $ 34,266,501     $ -