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Marketable Securities and Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value $ 124,876,806 $ 115,759,800
Liabilities, fair value 360,795 1,167,614
Quoted Prices in Active Markets (Level 1)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 21,237,962 30,130,388
Liabilities, fair value 0
Significant Other Unobservable Inputs (Level 2)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 103,638,844 85,629,412
Liabilities, fair value 0 0
Significant Unobservable Inputs (Level 3)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 0 0
Liabilities, fair value 360,795 1,167,614
Money market funds    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 9,843,482 10,300,813
Money market funds | Quoted Prices in Active Markets (Level 1)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 9,843,482 10,300,813
Money market funds | Significant Other Unobservable Inputs (Level 2)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 0 0
Money market funds | Significant Unobservable Inputs (Level 3)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 0 0
Mutual funds    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 68,565,889 60,589,746
Mutual funds | Quoted Prices in Active Markets (Level 1)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 0 0
Mutual funds | Significant Other Unobservable Inputs (Level 2)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 68,565,889 60,589,746
Mutual funds | Significant Unobservable Inputs (Level 3)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 0 0
US corporate debt securities    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 35,072,955 25,039,666
US corporate debt securities | Quoted Prices in Active Markets (Level 1)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 0 0
US corporate debt securities | Significant Other Unobservable Inputs (Level 2)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 35,072,955 25,039,666
US corporate debt securities | Significant Unobservable Inputs (Level 3)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 0 0
Investments in affiliated entities    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 11,394,480 19,829,575
Investments in affiliated entities | Quoted Prices in Active Markets (Level 1)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 11,394,480 19,829,575
Investments in affiliated entities | Significant Other Unobservable Inputs (Level 2)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 0 0
Investments in affiliated entities | Significant Unobservable Inputs (Level 3)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Assets, fair value 0 0
Common stock warrants    
Financial assets and liabilities that are measured at fair value on recurring basis    
Liabilities, fair value 360,795 1,167,614
Common stock warrants | Quoted Prices in Active Markets (Level 1)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Liabilities, fair value 0
Common stock warrants | Significant Other Unobservable Inputs (Level 2)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Liabilities, fair value 0 0
Common stock warrants | Significant Unobservable Inputs (Level 3)    
Financial assets and liabilities that are measured at fair value on recurring basis    
Liabilities, fair value $ 360,795 $ 1,167,614