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Financial Instruments
 9 Months Ended
Sep. 30, 2014
Investments, Debt and Equity Securities [Abstract]  
Financial Instruments

Note 2. Financial Instruments

The following table summarizes the fair value of our cash and cash equivalents held in our current investment portfolio:

 

     Amortized
Cost		      Gross
Unrealized
(Losses)		      Fair Value  

September 30, 2014

         

Cash

    $ 226,349       $ —         $ 226,349   

Cash equivalents

      31,986,240         —           31,986,240   
  

 

 

     

 

 

     

 

 

  

Total cash, cash equivalents, and marketable securities

    $ 32,212,589       $ —         $ 32,212,589   
  

 

 

     

 

 

     

 

 

  

December 31, 2013

         

Cash

    $ 1,355,281       $ —         $ 1,355,281   

Cash equivalents

      29,230,143         —          29,230,143   
  

 

 

     

 

 

     

 

 

  

Total cash, cash equivalents, and marketable securities

    $ 30,585,424       $ —         $ 30,585,424   
  

 

 

     

 

 

     

 

 

  

At September 30, 2014, our investments in money market accounts are through a money market fund that invests in high quality, short-term money market instruments which are classified as cash equivalents in the accompanying Condensed Consolidated Balance Sheet due to their short maturities. The investment seeks to provide the highest possible level of current income while still maintaining liquidity and preserving capital. From time to time, we carry cash balances in excess of federally insured limits. Our cash balance at September 30, 2014 includes approximately $51,000 held by our U.K. subsidiary.