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Investments (Tables)
12 Months Ended
Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]  
Summary of investments
The following is a summary of short-term investments as of December 31, 2014 and 2013:
 
 
 
 
As of December 31, 2014
 
Contractual
Maturity (in years)
Cost
 
Gross Unrealized
Gains
 
Gross Unrealized
Losses
 
Fair Market Value
Mutual funds
---
 
$
29,487,758

 
$
2,667

 
$
(216,790
)
 
$
29,273,635

US corporate debt securities
Less than 2
 
23,839,606

 
70

 
(37,337
)
 
23,802,339

Total investments
 
 
$
53,327,364

 
$
2,737

 
$
(254,127
)
 
$
53,075,974

 
 
 
As of December 31, 2013
 
Contractual
Maturity (in years)
Cost
 
Gross Unrealized
Gains
 
Gross Unrealized
Losses
 
Fair Market Value
Mutual funds
---
 
$
18,178,518

 
$

 
$
(78,614
)
 
$
18,099,904

Municipal bonds
Less than 1
 
805,144

 
560

 

 
805,704

Total investments
 
 
$
18,983,662

 
$
560

 
$
(78,614
)
 
$
18,905,608