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Marketable Securities and Fair Value Measurements (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value $ 87,482,114 $ 115,759,800
Liabilities, fair value 1,363,637 1,167,614
Using Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 19,343,495 30,130,388
Liabilities, fair value 0 0
Using Significant Other Unobservable Inputs (Level 2) [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 68,138,619 85,629,412
Liabilities, fair value 0 0
Using Significant Unobservable Inputs (Level 3) [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 0 0
Liabilities, fair value 1,363,637 1,167,614
Money market funds [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 1,391,349 10,300,813
Money market funds [Member] | Using Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 1,391,349 10,300,813
Money market funds [Member] | Using Significant Other Unobservable Inputs (Level 2) [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 0 0
Money market funds [Member] | Using Significant Unobservable Inputs (Level 3) [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 0 0
Mutual funds [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 43,067,506 60,589,746
Mutual funds [Member] | Using Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 0 0
Mutual funds [Member] | Using Significant Other Unobservable Inputs (Level 2) [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 43,067,506 60,589,746
Mutual funds [Member] | Using Significant Unobservable Inputs (Level 3) [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 0 0
US corporate debt securities [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 25,071,113 25,039,666
US corporate debt securities [Member] | Using Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 0 0
US corporate debt securities [Member] | Using Significant Other Unobservable Inputs (Level 2) [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 25,071,113 25,039,666
US corporate debt securities [Member] | Using Significant Unobservable Inputs (Level 3) [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 0 0
Investment in affiliated entity [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 17,952,146 19,829,575
Investment in affiliated entity [Member] | Using Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 17,952,146 19,829,575
Investment in affiliated entity [Member] | Using Significant Other Unobservable Inputs (Level 2) [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 0 0
Investment in affiliated entity [Member] | Using Significant Unobservable Inputs (Level 3) [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 0 0
Common stock warrants [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Liabilities, fair value 1,363,637 1,167,614
Common stock warrants [Member] | Using Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Liabilities, fair value 0 0
Common stock warrants [Member] | Using Significant Other Unobservable Inputs (Level 2) [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Liabilities, fair value 0 0
Common stock warrants [Member] | Using Significant Unobservable Inputs (Level 3) [Member]    
Financial assets and liabilities that are measured at fair value on recurring basis    
Liabilities, fair value $ 1,363,637 $ 1,167,614