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Fair Value Measurement (Tables) | 12 Months Ended
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Dec. 31, 2014
Fair Value Measurements of Company's Assets and Liabilities that Measured at Fair Value on A Recurring Basis | As of December 31, 2013 and December 31, 2014, information about inputs into the fair value measurements of the Company’s assets and liabilities that are measured at fair value on a recurring basis in periods subsequent to their initial recognition is as follows:
|  |  |  |  | Fair Value Measurements at Reporting Date Using |
Description |  | As of December 31, 2013 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Short-term investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trading securities investments |  | $ | 11,341,097 |  |  | $ | — |  |  | $ | 11,341,097 |  |  | $ | — |
|  |  |  |  | Fair Value Measurements at Reporting Date Using |
Description |  | As of December 31, 2014 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Short-term investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale investments |  | $ | 14,746,551 |  |  |  | — |  |  | $ | 14,746,551 |  |  | $ | — |
Fair Value Measurements of Long-term Financial Instruments | As of December 31, 2013 and 2014, information about inputs into the fair value measurements of the Company’s long-term financial instruments that are not reported at fair value on balance sheet is as following:
|  | As of December 31, 2013 |  |  | Fair Value Measurements at Reporting Date Using |
Description |  | Carrying Value |  |  | Fair Value |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Long-term investment – cost method investment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in private equity funds |  | $ | 3,197,218 |  |  | $ | 3,061,319 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,061,319 |
Long-term investment – held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in fixed income products |  | $ | 10,480,964 |  |  | $ | 10,774,099 |  |  | $ | — |  |  | $ | 10,774,099 |  |  | $ | — |
|  | As of December 31, 2014 |  |  | Fair Value Measurements at Reporting Date Using |
Description |  | Carrying Value |  |  | Fair Value |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Long-term investment –cost method investment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in private equity funds products |  | $ | 2,488,476 |  |  | $ | 3,470,339 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,470,339 |
Investment in other products |  | $ | 2,224,999 |  |  | $ | 2,224,999 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,224,999 |
Long-term investment – held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in fixed income products |  | $ | 483,512 |  |  | $ | 493,237 |  |  | $ | — |  |  | $ | 493,237 |  |  | $ | — |
Investment in other products |  | $ | 4,673,952 |  |  | $ | 4,920,793 |  |  | $ | — |  |  | $ | 4,920,793 |  |  | $ | — |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
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