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Earnings Per Share (Details 1) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Numerator    
Net (loss) income $ (4,296,612) $ 5,262,379
Effects of Series A redeemable convertible preferred stock:    
Less: Series A redeemable convertible preferred stock dividends 192,608 190,786
Less: Accretion to redemption value of Series A redeemable convertible preferred stock 163,669 137,417
Net (loss) income attributable to common stockholders $ (4,652,889) $ 4,934,176
Denominator    
Weighted average basic shares outstanding (in shares) 41,882,232 40,935,380
Effect of dilutive securities:    
Stock options and restricted stock 0 1,547,351
Series A redeemable convertible preferred stock 0 8,781,516
Weighted average diluted shares outstanding (in shares) 41,882,232 51,264,247
Basic net (loss) income per share attributable to common stockholders (in dollars per share) $ (0.11) $ 0.12
Diluted net (loss) income per share attributable to common stockholders (in dollars per share) $ (0.11) $ 0.10